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Senate passes $1 billion tax cut on 39-7 vote

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April 19th, 2024 by Ric Hanson

(Radio Iowa) – The Iowa Senate has overwhelmingly approved a bill that will cuts Iowans’ income taxes next year. Senator Dan Dawson, a Republican from Council Bluffs, says the governor will sign it into law.

Dawson says the state has a structural surplus of over five BILLION dollars of unspent tax dollars.

The bill passed the Senate on a 39 to seven vote. Senator Janet Peterson, a Democrat from Des Moines who voted against the bill, says a flat tax benefits the wealthiest Iowans.

Senator Herman Quirmbach, a Democrat from Ames, says Republicans are shrinking the state’s ability to fund priorities like schools.

Lawmakers are pushing to complete the work of the 2024 legislative session either today (Friday) or tomorrow (Saturday).