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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 01, 2018
Page
1
Gov. Kim Reynolds and Republican lawmakers unveil a tax package with key figures. The plan outlines rate reductions, exemptions, and targeted credits while outlining projected revenue impacts and fiscal shifts across state programs.
The 2019 tax cuts provided varying relief to individuals families and business owners. Personal rate reductions expanded brackets and increased standard deduction while corporate tax provisions lowered rates for many businesses and encouraged investment. Overall effects differed by income level family size and business structure across the year.
Iowa lawmakers and Gov. Reynolds unveiled a compromise plan to reduce individual and corporate taxes. Whittver says about 2.7 billion in income tax relief over six years, near 2 billion factoring in sales tax changes, with 2019 relief of 398 million and an average 10 percent cut. Plan would compress brackets to four, top rate 6.5 percent, and cut corporate rate to 9.8 percent as soon as 2023.
About 150 Central American asylum seekers stood outside a U S border crossing as officials said there was no processing capacity. The Trump administration aimed to curb illegal immigration while denying many asylum claims. President Trump had ordered Homeland Security to keep large caravans out of the country, framing the issue as a large movement at the border.
Iowa Supreme Court ruling clears way for restarting speed and red light cameras on I 380 and Des Moines and Muscatine roadways but officials warn activation could take weeks. Drake Law School dean says delays possible. Cedar Rapids officials undecided on ticketing.
Iowa House may take up Senate File 359 on fetal heartbeat as early as today. The bill, approved 43-6 in the Senate in March 2017, would ban fetal body parts transfers and, with House edits, could ban abortion after six weeks.
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