Iowa Revenue Source

Iowa Revenue Source

Do you know that the income taxes you pay to the state of Iowa makes up the majority of the General Fund budget? Iowa’s General Fund is supported not just by income taxes, but also sales and a variety of other taxes, fees, and revenue sources. In addition, the budget …

Methods to Economic Recovery

Methods to Economic Recovery

Iowa’s economy is in a recession marked by high unemployment, not seen since the Great Depression of the 1930s. Iowa’s economic crisis is a result of the coronavirus (COVID-19), which has  forced an economic shutdown of the state. Low commodity prices are also having a detrimental impact on the farming …

American History’s Educational Decline

American History’s Educational Decline

“I’m warning of an eradication of the American memory that could result, ultimately, in an erosion of the American spirit. Let’s start with some basics: more attention to American history and a greater emphasis on civic ritual,” stated President Ronald Reagan in his Farewell Address to the nation. President Reagan’s …

Uncle Sam to the Rescue?

Uncle Sam to the Rescue?

David Kennedy, prominent historian and Stanford University professor, in an interview with Governing discussed the COVID-19 (coronavirus) emergency in relation to the Great Depression. In that interview he stated, “[President] Calvin Coolidge said that if the federal government went out of business, the average person wouldn’t notice for six months, except for the post office. Now, the federal government is …

THE ECONOMIC IMPACT OF COVID-19 ON THE IOWA ECONOMY: EXECUTIVE SUMMARY

Executive Summary   As of April 24, the CDC calculates that COVID-19 has generated 24,555 U.S. deaths and 48 Iowa casualties. Per 1,000,000 in population, this represents 75 deaths for the nation and a much lower 15 for Iowa. Due to COVID-19, the U.S. economy contracted by 4.8% in Q1, …

Steps to an Economic Recovery

Steps to an Economic Recovery

The coronavirus (COVID-19) is frightening enough, but the economic consequences of the virus makes the situation even more terrifying. As a result of COVID-19, thousands of Iowans are filing for unemployment and businesses across the state are trying to fend off bankruptcy. The current “cure” or deterrent to stopping the …

Governor Reynolds: Protecting Iowans

Governor Reynolds: Protecting Iowans

The COVID-19 (coronavirus) national health emergency is requiring national sacrifice, the scale of which has not been seen in some time. Governors in each state are tasked with filling dual roles: providing up to date information to their citizens and coordinating resources and relief. Iowa’s Governor Kim Reynolds is demonstrating …

Prepare for Impact

Prepare for Impact

The threat of a national economic recession hangs over the United States as a result of the health emergency caused by the COVID-19 (coronavirus) pandemic. While much attention has been paid to what lawmakers in Washington D.C. have done, states and localities are also bracing for an economic recession. A …

Acts of Community and Service in Iowa

Acts of Community and Service in Iowa

News outlets across Iowa are reporting on examples of humanitarianism and service during the COVID-19 (coronavirus) health emergency. These news stories are documenting the actions that businesses and individuals are providing in this time of crisis.  Below are a few of those stories. Muscatine Journal Local students use extended break …

The Spirit of Community and Service

The Spirit of Community and Service

News outlets across Iowa are reporting on examples of humanitarianism and service during the COVID-19 (coronavirus) health emergency. These news stories are documenting the actions that businesses and individuals are providing in this time of crisis.  And while this type of reporting is wonderful, it’s not able to include the …

COVID-19’s Economic Impact Uncertain

COVID-19’s Economic Impact Uncertain

  In our current situation, prudence is the best fiscal policy.   The economic impact of COVID-19 or the coronavirus is still uncertain. This national health emergency has resulted in business closures, unstable markets, and uncertainty as to when Americans can return to normalcy. Prior to COVID-19, the national economy, …

Coronavirus and Occupational Licensing

Coronavirus and Occupational Licensing

States Lead The Way in Coronavirus Crisis With Emergency Removal of Occupational Licensing Obstacles—Why Not Make Them Permanent?   Today, Vice President Mike Pence announced that the Department of Health and Human Services is considering a national emergency order that would allow doctors throughout the country to practice across state …