BREAKING: “Ashley Hinson Fought for a Tax Break That Benefits Her Own Fortune”
Iowa Starting Line: “Records Show a Major Iowa Republican and Millionaire Ashley Hinson Has Benefitted Directly From Tax Changes She Has Championed”
Iowa Starting Line: “While Telling Iowans She Didn’t Go to Congress to Get Wealthy, Ashley Hinson Spent Years Championing a Tax Provision That Directly Benefits Her Family’s Multimillion-Dollar Private Business Holdings”
DES MOINES – According to a breaking report from Iowa Starting Line this morning, Ashley Hinson spent years self-dealing in Congress by rigging the tax code for wealthy families like hers, so they could “shield” much of their “multimillion-dollar private business holdings” from taxes. “
Since coming to Congress, Hinson has been one of the loudest supporters of a “tax break” that helps pass through entity owners – like Hinson – shield 20 percent of their business income from federal taxes. According to nonpartisan analysts, “the vast majority of the provision’s benefits flow to the top one percent of income earners, saying it creates opportunities for tax gaming.”
Missed the report? See below for key highlights:
Iowa Starting Line: Ashley Hinson fought for a tax break that benefits her own fortune
- While telling Iowans she didn’t go to Congress to get wealthy, Ashley Hinson spent years championing a tax provision that directly benefits her family’s multimillion-dollar private business holdings.
- Hinson, now the Republican nominee for U.S. Senate, has repeatedly claimed that she “proactively” sold her individual stocks to show Iowans that serving in office wasn’t an “investment opportunity.” But federal financial disclosures first reported by Heartland Signal show her family’s net worth climbed from a maximum of $1.6 million before she took office to as much as $8 million by 2024.
- The growth was fueled in part by a private insurance portfolio she never divested from. She disclosed up to $5 million in privately held stock in High Street Insurance Partners.
- LLCs are what’s known as pass-through entities — businesses where profits flow directly to the owners and are taxed at the individual rate. And there is a provision in the federal tax code, Section 199A, that lets pass-through business owners shield 20 percent of their business income from federal taxes.
- Hinson has fought to make that provision permanent since before she was even sworn in. In 2020, she told the Dubuque Telegraph Herald she wanted to see the pass-through deduction extended, saying it “needs to be made indefinite.” Once in Congress, she co-sponsored bills to extend it in every single Congress she served in. In January 2025, she testified before the House Ways and Means Committee — a panel she doesn’t even sit on — specifically to advocate for making the provision permanent. When Trump’s One Big Beautiful Bill came to the House floor, Hinson voted yes — twice. The bill made Section 199A permanent.
- The nonpartisan Tax Law Center found that the vast majority of the provision’s benefits flow to the top one percent of income earners, saying it creates opportunities for tax gaming. Extending it will cost the federal government roughly $730 billion between 2025 and 2034, according to its analysis.
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