OFFICE OF THE GOVERNOR
Governor Kim Reynolds ★ Lt. Governor Chris Cournoyer
Governor Kim Reynolds ★ Lt. Governor Chris Cournoyer
FOR IMMEDIATE RELEASE: Wednesday, May 14, 2025
MEDIA CONTACT: Mason Mauro, (515) 745-2840, [email protected]
Gov. Reynolds releases statement on unemployment insurance reform bill passing Iowa House and Senate
DES MOINES— Today, Governor Kim Reynolds issued the following statement on both the Iowa House and Senate passing SF 607, a bill to simplify and decrease unemployment taxes on businesses:
“While we’ve cut both corporate and individual tax rates and removed more than 1,200 state regulations, our unemployment insurance tax has needlessly punished Iowa businesses. Our unemployment trust fund balance is at an all-time high of nearly $2 billion, while the duration of unemployment claims is at a record low of around nine weeks. We’re clearly overcollecting.”
“Passing this bill means nearly $1 billion in savings over five years for Iowa businesses of all sizes. Thank you to our legislators and key stakeholders for their support to help attract new business to Iowa and place existing businesses on a level playing field with our neighboring states.”
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