REPUBLICANS WANT TO CUT TAXES & SPENDING

IOWA—The incoming House speaker says Republicans will immediately begin working on their plan to cut $500 million in state spending over three years and not wait for a budget proposal later in the month from Gov.-elect Terry Branstad. In an Associated Press interview Tuesday, the new speaker, Kraig Paulsen of Hiawatha, says a key House committee will begin debating the spending cuts on Monday, shortly after the Legislature convenes. Work on the full state budget must wait for Branstad’s budget proposal, but Paulsen says there is broad agreement among Republicans to approve the spending cuts. Republicans hold a 20-seat House majority. Paulsen says voters made clear when they gave Republicans control of the House that they want to focus on cutting taxes and reducing spending.

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