Major Property Tax Bill Introduced
Congress Remains Divided Over How to Renew Trump Tax Cuts
As Congress works to renew the 2017 Tax Cuts and Jobs Act (TCJA) before it expires at the end of 2025, negotiations remain complicated by disagreements over spending cuts, budget scoring, and whether to package tax cuts with other policy priorities. Below is a summary of where things currently stand.
About ITR Foundation
Let’s be honest, big government is big bureaucracy, and common sense tells us big bureaucracy is ineffective. That’s why ITR Foundation works to:
- Research principled solutions
- Educate Iowans about our solutions
- Activate Iowans in support of our solutions
By applying the principles of limited government, free enterprise, and the rule of law to public policy, we can ensure all Iowans will have the opportunity to succeed.
Making a Difference
ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa:
- Increased property tax transparency and spending restraint
- A 3.8% flat individual income tax rate by 2025
- Elimination of income taxes on retirement income
- Elimination of inheritance tax
- Creating a path to reduce corporate income tax to 5.5%
- Phasing-out special tax incentives in the corporate tax code
- Banning local universal basic income programs
Stay Updated
Are you worried Iowa will become California or Illinois? It could happen. That’s why we can’t let the liberal media win the messaging battle!
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