PLEASANT HILL, Iowa (Gray Media Iowa Capitol Bureau) - Iowa businesses will now pay less in unemployment insurance taxes. That money is used to pay for benefits for Iowans who need assistance when they lose their jobs.

The bill slashes the amount businesses pay in unemployment insurance taxes in half. The cuts will save Brad Churchill from US Erectors in Pleasant Hill $85,000 in 2026.

“For companies like ours, those savings can be reinvested directly into our workforce through hiring, wage increases, purchasing of new equipment, and expanding our facilities for growth,” Churchill said.

DOCUMENT: SF 607

Iowa Governor Kim Reynolds says the cut will save businesses nearly $1 billion over the next five years. She says the bill was needed because the state was over collecting from busines

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