Sen. Joni Ernst comments on tax reform signed into law - KWWL - Eastern Iowa Breaking News, Weather, Closings

Sen. Joni Ernst comments on tax reform signed into law

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Senator Joni Ernst has issues a statement regarding President Donald Trump move to sign into law the $1.5 trillion tax overhaul.

“This is a monumental moment for our country; this tax reform, on average, will provide every income group with tax relief. Under this law, middle- and low-income Iowans will see lower tax rates, ObamaCare’s costly individual mandate will be eliminated, folks will be able to keep more of their hard earned dollars, the child tax credit is doubled, and job creators of all sizes will be more competitive and can reinvest in their most important resource – their employees.

“The Tax Cuts and Jobs Act also included two of my provisions: the SQUEAL Act, which eliminates an unnecessary tax break for lawmakers, and the bipartisan Investing in Opportunity Act which helps spur economic growth in poverty-stricken areas. I am thrilled to see my efforts and many other commonsense initiatives included in this long-overdue reform so that Iowans will finally be able to see relief from an overly-burdensome tax code, first-hand.”

Senator Ernst says this historic legislation includes her SQUEAL Act. Read more about that here
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