Iowa’s Gambling With Your Health

The Des Moines metro is growing and evidence of this growth can be seen through numerous construction and building projects. Recently, MercyOne hospital in West Des Moines announced a $13 million project to create a new maternity and infants care center. This is in response to the demands of a growing population. MercyOne is filling a need by meeting the […]

Iowa’s Golden Tax Reform Opportunity

As a result of the federal Tax Cuts and Jobs Act and elimination of numerous job killing regulations, the national economy is growing and states have benefited tremendously from this growth.  In 2018 the legislature passed the first major comprehensive tax reform legislation in a decade. Governor Kim Reynolds, in her Condition of the State Address,  called for further tax […]

High Corporate Tax Rates Slow Growth

Iowa has the highest corporate income tax rate in the country at 12 percent. That rate, combined with the federal corporate tax, totals 29.5 percent. As part of the 2018 comprehensive tax reform law, the legislature lowered the rate. In 2021, the top corporate tax rate will still have four brackets, but the top rate will fall from 12 percent […]

For Property Tax Reform Focus on Spending

In 1934, Iowa enacted the first sales and income taxes to provide property tax relief. Today, nearly a century later, Iowa taxpayers still face the challenge of not only high property taxes, but also income and sales taxes.   Between 2000 and 2017, Iowa property taxes increased by more than 100 percent. This increase is more than inflation and population […]

Iowa’s Income Tax Rates Are a Ball and Chain

With the federal government eliminating job-killing regulations and the implementation of The Tax Cuts and Jobs Act, it has led to national economic growth. Many states are using this as an opportunity to lower income tax rates.   In 2018, Iowa passed legislation that lowered the top individual income tax rate to 8.53 percent effective 2019.  That rate is scheduled […]

 
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