House Speaker Vows to Work Quickly on Tax Cuts for Iowans

(Des Moines, IA) — House Speaker Pat Grassley says with a billion dollars sitting in the state’s Taxpayer Relief Fund, cutting personal income taxes as quickly as possible is the goal for House Republicans. The state’s economic emergency fund and cash reserve are full. Another account, called the Taxpayer Relief Fund, has more than a billion dollars because state tax revenue soared past official estimates. Grassley says Iowa is in an enviable position. Fellow Republicans in the Iowa Senate and Governor Kim Reynolds are all exploring tax cutting ideas.