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The Independent UK
The Independent UK
National
Hannah Fingerhut

Iowa lawmakers to vote on raising tax incentive cap for a $15B steel plant

Iowa Donald Trump Statehouse Kim Reynolds Mesabi Metallics Scott Walker Foxconn Mesabi
Trump - (Copyright 2026 The Associated Press. All rights reserved)

Iowa lawmakers will return to the Statehouse Friday to consider expanding the ceiling on state tax incentives in an effort to secure a $15 billion steel plant project for the state.

President Donald Trump announced the plant Monday alongside Iowa elected officials, heralding the project as a major economic and national security investment.

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