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DES MOINES — Gov. Kim Reynolds says she wants to give details on a proposal to cut taxes in Iowa during a key legislative speech early next year.

Reynolds told reporters Wednesday that she’d like to provide information about a tax plan during her Condition of the State address on Jan. 9. She says releasing those details are contingent on Congress passing its sweeping tax overhaul. The federal legislation is expected to make changes to how Iowa collects taxes.

Reynolds’ remarks come days after a budget panel said Iowa’s tax revenue remains below projections and midyear cuts to spending are possible. The Republican governor argues that tax cuts will spur economic development. She hasn’t offered details about her plan but has indicated interest in lowering business and income taxes.