In Iowa, we’ve worked together to ensure those who rely on Social Security can stretch their dollars farther.
The 2013 tax year is the last year any Iowan will pay state income taxes on Social Security benefits. Iowa has been phasing out taxes on Social Security since 2006, when the Legislature voted to eliminate state income taxes on Social Security benefits.
While Iowa is making progress, people in Washington are talking about cutting Social Security benefits. The last thing we should do is cut Social Security. It has become the principal lifeline for millions of seniors, especially during the recent national recession. Many Iowans are on the edge of both retirement and financial disaster.
We oppose any “Grand Bargain” in Washington that includes cuts to Social Security. It would be a bad deal for Iowans.