The best way to grow Iowa’s middle class is to help Main Street businesses and other employers grow.

I’m working with a couple of colleagues on a commercial property tax cut aimed at doing just that.  This “Main Street Tax Cut” is an expanded version of the only commercial property tax cut posposal to pass a chamber of the Legislature with overwhelming bipartisan support.

Commercial property owners currently pay taxes on 100 percent of the assessed value of their property.  That’s about twice what residential property owners pay.