Revenue Estimate Increase = Tax Cut

What’s happening? Republicans in Iowa are calling for statewide tax cuts for Iowans because state revenues are exceeding estimates.

Why is this important? Republicans say pandemic policies strengthened the state. Democrats say the revenue estimates reflect the use of federal relief funds.

How will this be important? Will other Republican legislatures use revenue estimate increases as automatic calls for tax cuts.

Des Moines Register | Republicans call for more tax cuts as Iowa panel increases revenue estimates for next two years