IOWA SENATE PASSES TAX CUTS BUT HOUSE MEMBERS HAVE OWN MEASURE

first_imgRepublicans in the Iowa Senate Wednesday night cast their “yes” votes for their tax bill that would ultimately cut state taxes by more than a billion dollars a year.There was a sharp exchange when Democratic Senator Herman Quirmbach asked Republican Senator Charles Schneider where the G-O-P planned to cut the state budget to make up for the tax reductions.Audio Playerhttp://kscj.com/wp-content/uploads/2018/03/QUIRM1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC….POCKETS :10Senator Matt McCoy, a Democrat from Des Moines, says it was the “height of fiscal irresponsibility” to cut taxes by a billion dollars a year.Audio Playerhttp://kscj.com/wp-content/uploads/2018/03/QUIRM3.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC….IOWA :09Senator Randy Feenstra of Hull, the Republican architect of the plan, responded at the close of the debate.Audio Playerhttp://kscj.com/wp-content/uploads/2018/03/QUIRM4.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC….THOUSAND DOLLARS :13A nonpartisan agency estimates the bill would cost the state more than $200 million for the budget year that begins in July.That figure would rise to more than $1.1 billion annually by 2023.The package heads to the GOP-led House, where its future is uncertain as legislators there consider a tax plan proposed by governor Kim Reynolds.Radio Iowa contributed storylast_img

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