For Brandon, these arenβt savings on paper. Theyβre the difference between sourcing parts overseas and onshoring that work to Iowa β expanding into aerospace and defense manufacturing to supply critical components American companies rely on.
What the Working Families Tax Cuts mean for Iowa businesses:Β
π§ Permanent 20% small business deduction β Business owners avoid a tax hike and keep more capital to hire and expand
π 100% bonus depreciation β Manufacturers and farmers can write off new machinery and equipment the year they buy it, not years later
π Higher Section 179 expensing cap β Equipment-heavy operations can make major investments with more certainty and less red tape
π‘ Full R&D expensing restored β Small businesses can deduct research and development costs upfront, keeping innovation rooted in Iowa
Why it matters: When owners like Brandon have the…