Speaker says House GOP’s tax plan is simple, sustainable

House Republicans have released a tax plan that uses the governor’s outline for lowering the state income tax to a single rate of four percent and making retirement income tax exempt.

“I’ve been clear that we want to have something that’s simple that’s part of our tax plan, that’s sustainable as part of our tax plan and something that works without having to raise any taxes. I think we have that bill,” House Speaker Pat Grassley told reporters during a news conference on the House floor.

Grassley expects the plan to be debated in the House soon, but he’s not setting a date.

“The governor’s bill that she proposed — lowering the rates to four percent, addressing the retirement — is a great place for us to get a bill that can move through the process very quickly,” Grassley said.