Iowa GOP lawmakers introduce tax cut plan

Iowa Senate Republicans call their tax plan a bold initiative that will enact the largest tax cut in Iowa history.  Party leaders unveiled the Iowa Working Families Tax Relief Act which completely rewrites iowa's tax code.  The plan is projected to provide $1 billion in tax relief.  There would be a 30-percent overall tax reduction for families, an increase in the pension exemption for Iowa seniors, and a single mothers tax reduction up to 65 percent.