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Kim Reynolds on Tax Reform

 

 


We need to continue the conversation about cutting taxes

Unlike many states we're starting from a good financial position. We aren't looking at tough budget cuts and we're certainly not looking at raising taxes. If anything, we need to continue the conversation about cutting taxes, and we can start by getting rid of the unnecessary triggers that were put in place in 2018. Let's make Iowa more competitive and guarantee our taxpayers that they can keep more of their hard earned money.
Source: 2021 State of the State Address to the Iowa legislature , Jan 12, 2021

Reduce top state income tax rate to 5.5% by 2023

I have no interest in raising taxes, so any increase in revenue from a sales tax must be more than offset by additional tax cuts. I'm proposing to cut income taxes by an additional 10% for almost every Iowan, with lower-income Iowans receiving as much as a 25% cut next year. Just one year ago, our top tax bracket was at almost 9%, one of the worst in the country. Our top rate will be down to 5.5% by 2023--significant progress that will make Iowa competitive with our peers.
Source: 2020 Iowa State of the State address , Jan 14, 2020

Update Iowa tax code to take advantage of federal tax cuts

Last month, Congress passed historic tax reform. For that, I want to thank Congress and the President.

But here's the thing: Because of an outdated provision in Iowa's tax code, Iowans will see a tax increase if we don't pass tax reform at the state level. Iowa is 1 of only 3 states that allow taxpayers to deduct their federal taxes. While that might sound like a good thing, right now it's not. It creates complexity, and worse--it means that when your federal taxes go down, your Iowa taxes go up.

With federal deductibility in place, when the federal government cuts taxes for working-class families, Iowa raises taxes on those same families. That's not just a hypothetical. It's what will happen if we don't act.

Therefore, I will be proposing a tax reform package that significantly reduces rates, modernizes our tax code, and eliminates federal deductibility. This is an opportunity to free us from decisions made in Washington, D.C. and simplify our tax code.

Source: 2018 State of the State speech to Iowa legislature , Jan 9, 2018

Other governors on Tax Reform: Kim Reynolds on other issues:
IA Gubernatorial:
Andy McGuire
Cathy Glasson
Chet Culver
Fred Hubbell
Jack Hatch
Jake Porter
Marco Battaglia
Nate Boulton
Rich Leopold
Tom Hoefling
Tom Vilsack
IA Senatorial:
Bob Krause
Chet Culver
Chuck Grassley
Eddie Mauro
Joni Ernst
Kimberly Graham
Michael Franken
Patty Judge
Rob Hogg
Tom Fiegen
Gubernatorial Debates 2021:
NJ: Incumbent Phil Murphy(D)
vs.State Rep. Jack Ciattarelli(R)
vs.Candidate Hirsh Singh(R)
vs.GOP Hair Doug Steinhardt(R)
VA: Incumbent Ralph Northam(D,term-limited)
vs.A.G. Mark Herring(D)
vs.State Sen. Amanda Chase(R)
vs.Lt. Gov. Justin Fairfax(D)
vs.State Rep. Jennifer Carroll Foy(D)
vs.State Rep. Lee Carter(D)
vs.Former Governor Terry McAuliffe(D)
vs.State Sen. Jennifer McClellan(D)
vs.State Rep. Kirk Cox(R)

Gubernatorial Debates 2022:
AK: Incumbent Mike Dunleavy(R)
(no prospective opponents yet)
AL: Incumbent Kay Ivey(R)
(no prospective opponents yet)
AR: Incumbent Asa Hutchinson(R,term-limited)
vs.Lt. Gov. Tim Griffin(R)
vs.Trump Adviser Sarah Huckabee Sanders(R)
vs.A.G. Leslie Rutledge(R)
AZ: Incumbent Doug Ducey(R,term-limited)
(no prospective opponents yet)
CA: Incumbent Gavin Newsom(D)
vs.S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
CO: Incumbent Jared Polis(D)
vs.Mayor Greg Lopez(R)
CT: Incumbent Ned Lamont(D)
(no prospective opponents yet)
FL: Incumbent Ron DeSantis(R)
vs.U.S.Rep. Val Demings(? D)
vs.Former Gov.Charlie Crist(? D)
GA: Incumbent Brian Kemp(R)
vs.Minority Leader Stacey Abrams(D)
vs.Senate candidate Shane Hazel(L)
HI: Incumbent David Ige(D,term-limited)
vs.State Rep. Andria Tupola(R)
IA: Incumbent Kim Reynolds(R)
vs.U.S.Rep. Cindy Axne(? R)
ID: Incumbent Brad Little(R)
(no prospective opponents yet)
IL: Incumbent J. B. Pritzker(D)
(no prospective opponents yet)
KS: Incumbent Laura Kelly(D)
(no prospective opponents yet)
MA: Incumbent Charlie Baker(R)
vs.Harvard Professor Danielle Allen(D)
vs.State Sen.Ben Downing(D)
MD: Incumbent Larry Hogan(R,term-limited)
vs.State Rep. Robin Ficker(R)
vs.State Rep. Peter Franchot(D)
vs.DNC chair Thomas Perez(D)
vs.RNC chair Michael Steele(? R)
Gubernatorial Debates 2022 (continued):
ME: Incumbent Janet Mills(D)
vs.Former Gov. Paul LePage(R)
MI: Incumbent Gretchen Whitmer(D)
(no prospective opponents yet)
MN: Incumbent Tim Walz(DFL)
vs.Mayor Mike Murphy(R)
NE: Incumbent Pete Ricketts(R,term-limited)
vs.U.S.Senator Bob Krist(R)
NH: Incumbent Chris Sununu(R)
(no prospective opponents yet)
NM: Incumbent Michelle Lujan Grisham(D)
(no prospective opponents yet)
NV: Incumbent Steve Sisolak(D)
vs.A.G.Adam Laxalt(? R)
vs.U.S.Rep. Mark Amodei(? R)
NY: Incumbent Andrew Cuomo(D)
(no prospective opponents yet)
OH: Incumbent Mike DeWine(R)
vs.Dayton Mayor Nan Whaley(? D)
OK: Incumbent Kevin Stitt(R)
vs.State Sen. Ervin Yen(R)
OR: Incumbent Kate Brown(D,term-limited)
vs.Gov. nominee Bud Pierce(R)
PA: Incumbent Tom Wolf(D,term-limited)
vs.U.S.Rep. Lou Barletta(? R)
RI: Incumbent Gina Raimondo(D,term-limited)
vs.Lt.Gov. Dan McKee(D)
vs.Secy.Matt Brown(? D)
SC: Incumbent Henry McMaster(R)
vs.State Rep. James Emerson Smith(? D)
vs.U.S.Rep. Joe Cunningham(? R)
SD: Incumbent Kristi Noem(R)
vs.State Rep. Billie Sutton(? D)
TN: Incumbent Bill Lee(R)
vs.Senate nominee Marquita Bradshaw(? D)
TX: Incumbent Greg Abbott(R)
vs.U.S.Rep. Allen West(? R)
VT: Incumbent Phil Scott(R)
(no prospective opponents yet)
WI: Incumbent Tony Evers(D)
(no prospective opponents yet)
WY: Incumbent Mark Gordon(R)
vs.Minority Leader Chris Rothfuss(D)

Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.Former Gov. Matt Bevin(? R)
Senator Rand Paul(? R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Biden Adviser Cedric Richmond(? D)
vs.Senator John Neely Kennedy(? R)
MS: Incumbent Tate Reeves(R)
(no prospective opponents yet)
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Page last updated: Mar 01, 2021