After all the talk, all the plans and all the waiting, an email late yesterday announced the tax cut plan that has been agreed upon by republicans in both houses, along with Governor Reynolds.

the tax cut is worth nearly 400 million dollars next year. Income taxes for individuals AND corporations are to be cut. The average tax reduction? In the range of 10 percent.

Whitver says Iowa’s tax rates are among the highest in the country and the plan will make Iowa more competitive with other states.

Democrats are denouncing the plan as a “tax giveaway” to wealthy Iowans “and special interests” that will lead to more state budget cuts in the future.