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Iowa Republicans warn of future shortfalls in revenue outlook
A GOP chaired panel in the Iowa legislature warns that despite tax cuts and a growing economy the state faces potential shortfalls. Acton notes slowing economy, inflation pressures, and tariffs affecting agriculture and manufacturing while Paulsen cites the Taxpayer Relief Fund to cover gaps. Republicans tout reserves and a near 4 billion fund balance while Democrats push for cost-cutting and restraint on one-time funds.
MENTIONED IN THIS ARTICLE
Iowa
Paulsen
Jennifer Acton
The
Legislative Agency
Jeff Plagge
Banking
Iowa Division of Banking
Acton
Donald Trump
U.S
Canada
Mexico
China
Taxpayer Relief Fund
Statehouse Republicans
Tiple
Pat Grassley
New Hartford
Grassley
Timi Brown- Powers
Waterloo
House
Petersen
Reynolds
Kraig Paulsen
Iowa Department of Management
Legislative Services Agency
Iowa Capitol
Des Moines
Erin Murphy
the Gazette