(Des Moines, IA) — Republicans in the Iowa House have released a tax plan based on the governor’s outline. It calls for lowering the state income tax to a single rate of four percent and making retirement income tax exempt. House Speaker Pat Grassley says he expects the plan to be debated soon, but he isn’t setting a date. The plan doesn’t include a corporate tax cut as the governor has proposed. Grassley says that may be a separate conversation that would be held later.
