Young votes to Deliver Tax Relief Iowans Deserve

Press Release

Iowa Congressman David Young today voted to pass the updated, final Tax Cuts and Jobs Act (H.R. 1) following his efforts to change the bill to include provisions important to all Iowans.

Passage came on the heels of an assessment by the Congressional Joint Committee on Taxation showing middle income Americans, those making less than $200,000, will see the most benefits from the tax relief legislation. The analysis also showed the share of all taxes paid by higher income Americans will continue to grow each year.

From the beginning, Congressman Young was focused on fighting for relief for middle income Iowans and those working to get there. The bill's doubling of the standard deduction to $12,000 for individuals and $24,000 for married couples while also lowering tax rates means it will deliver financial relief to hardworking Iowans who are living paycheck to paycheck.

"When visiting with Iowa families across the Third District, I've heard too many are suffocating from an overburdened tax code riddled with protections for special interests while leaving hardworking taxpayers paying the bill. Today is a great day for Iowa's families, farmers, and main street job creators who will soon see the needed relief they deserve," said Congressman Young.

"When the House passed the first version of this bill, I said it was not perfect and I would continue fighting to make it better, and I was proud to fight to ensure Iowa's voice was heard as we worked to deliver a solution giving Iowans more control over their hard-earned money," said Congressman Young.

Congressman Young led efforts to protect access to affordable student loans for Iowans and worked to ensure graduate student tuition waivers did not change from current law. The preservation of the Historic Tax Credit and the medical expense deduction were also priorities for Congressman Young and included in the final bill.

Congressman Young led efforts to protect Iowa's renewable economy by maintaining the wind energy production tax credit until 2019.

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