Photo credit: Gage Skidmore (CC-By-SA 2.0)

Congressman Steve King (R-Iowa) released the following video of his effort to amend the year-end tax package introduced by House Ways and Means Chairman Kevin Brady. King appeared before the House Rules Committee on Wednesday in an attempt to get two amendments made for consideration on the House floor.

The first King Amendment (King IA 269) seeks to re-establish the 15% tax rate for those with adjusted gross incomes of up to $50,000. The enactment of the Tax Cuts and Jobs Act placed many small farms in a 21% tax bracket, a change which threatens their financial viability. King’s amendment is named in honor of former Iowa State Senator Kitty Rehberg, a farmer who brought this problem with the structure of the current tax law to King’s attention.

The second King Amendment (King IA 268) attempts to add King’s “New IDEA” legislation to the tax package. New IDEA amends the Internal Revenue Code to make it unlawful for employers to deduct wages and benefits paid to and on behalf of an illegal alien. According to the Center for Immigration Studies, enactment of King’s “New IDEA” amendment would result in $254 Billion in increased federal revenue over the next 10 years.

Photo credit: Gage Skidmore (CC-By-SA 2.0)

You May Also Like

Iowa House Republicans Elect Leadership Team for 89th General Assembly

Iowa House Republicans re-elect Pat Grassley as Speaker, Matt Windschitl as Majority Leader, John Wills as Speaker Pro Tem, and Mike Sexton as Majority Whip.

Iowa House 2017 Opening Day Remarks

The Iowa House of Representatives gaveled in the 87th General Assembly on Monday morning with a 59 to 40 Republican majority.

Iowa State Legislators Share Their Goals for Session

Several Iowa State Legislators share with Caffeinated Thoughts their goals for the 2015 legislative session for the 86th Iowa General Assembly.

Grassley To Become Senate President Pro Tempore

U.S. Senator Chuck Grassley (R-Iowa) is set to become the next President Pro Tempore of the U.S. Senate that is 3rd in the line of presidential succession.