Overview / Major Events
This will be an abbreviated Weekly Report, as Session is currently in a grind to nowhere and yet requires a constant presence in the Capitol that makes compilation of this Report a challenge.
No Budget Deal. No Tax Deal.
Despite on-going discussions and negotiations, House and Senate leaders have not been able to agree on a joint tax cut deal or joint budget targets. In fact, on the tax front, it appears the parties are farther apart than when the week began.
Unless there is a major breakthrough by the end of this week, we will all need to settle in for significant overtime (Session expenses run out on April 17). Adding to the uncertainly, it is rumored that a significant number of legislators are not able to be in Des Moines the week of April 23 (meaning we could be looking at early May before all is complete).
House Republicans Release “The Middle Class Tax Relief Act”
On Wednesday night House Republicans announced the details of their own tax cut plan called “The Middle Class Tax Relief Act”.
What It Does:
What It Does NOT:
Senate Tax Plan 2.0
Senate Ways and Means intends to move a 2nd version of their tax reform package early next week. Based on conversations with Senate leadership, this version WILL continue to include our crucial tax equity language.