Education Savings Accounts (ESAs) represent the gold standard for school choice policy. The purpose of an ESA is to allow education tax dollars to follow the student rather than a specific designated school. An ESA provides parents with the flexibility to customize the best education for their children. This includes …
Universities and colleges in Iowa as well as across the nation are preparing to welcome back students for the fall semester. In recent years higher education has been plagued with numerous problems. A major concern is growing dominance of radical ideologies both in and out of the classroom. In addition, …
Continue reading “Time for Accountability in Higher Education”
A parent in Arizona argues, ESAs are serving the educational needs of her children. Jenny Clark, a mother of two children with learning disabilities has been able to provide her kids with the specialized resources they need for a successful future. She argues that “children are not mere funding units,” …
Continue reading “Empowering Parents with Education Savings Accounts”
This summer COVID-19 continues to be an albatross on the economy. Although Iowa’s economy is open, social distancing policies remain. Iowa’s unemployment rate fell from 10 percent in May to 8 percent in June. Even with Iowa’s unemployment rate falling, fear of the virus is preventing people from resuming regular …
Can you think of any area of your life that is not directly impacted by government? Government, whether at the federal, state, or local level, has grown considerably overtime. The escalating $26 trillion national debt is the most symbolic description of the growth of government. As more demands are placed …
This year, Indiana will once again lower its corporate income tax rate from 5.5 percent to 5.25 percent. Since 2012, Indiana has been gradually lowering the corporate tax rate from 8.5 percent, and the rate will continue to be lowered until it reaches 4.9 percent in 2022. Corporate tax rates …
Continue reading “STICKER SHOCK: Iowa’s High Corporate Tax Rate Deters Growth”
The coronavirus (COVID-19) is having an impact on economic growth in Iowa. The Bureau of Economic Analysis (BEA) released Gross Domestic Product (GDP) by state from the fourth quarter of 2019 to the first quarter of 2020, which demonstrates some of the economic impact of COVID-19. During this time Iowa’s …
JONATHAN WILLIAMS, SKIP ESTES Most states close their books for fiscal year 2020 this week and continue to look at the uncertainty ahead. Every state but Vermont has some variety of a balanced budget requirement. Some are far more meaningful than others, but at least some thought goes into presenting …
Continue reading “A Way Forward for State Budgets after COVID-19”
At the heart of high property taxes is local government spending. County assessors are often blamed because people receive their property tax valuation bills in the mail and they immediately think that a valuation increase translates into a property tax increase. This is misplaced blame because it is the local …
The Iowa legislature recently passed a major piece of legislation, COVID-19 liability reform. Iowa’s economy is reopening, and social distancing and other hygienic practices continue to slow the spread of the virus. As Iowans beginning to reengage with the economy and other public institutions there remains an element of risk …
Crafting a state budget is never an easy process and this year was especially difficult with drafting a budget amid the COVID-19 pandemic. Prior to the COVID-19 emergency, Iowa was in a strong economic position with healthy and stable revenue growth. By March, all of this changed as the pandemic …
Continue reading “Spending Restraint: A Conservative Budget”
The ability for Iowans to earn a living and those who relocate to Iowa will be greatly improved due to the historic occupational licensing reform passed by the legislature. Governor Kim Reynolds, who made occupational licensing reform a priority in her Condition of the State address, is expected to sign …
Continue reading “Advancing Freedom with Occupational Licensing Reform”
Iowa, just as with other states, has become dependent on the federal government for support. Iowa’s $7.6 billion state budget is dependent on the equivalent in federal aid to help fund numerous programs. Through these funds, the federal government can impose both funded and unfunded mandates on the states. This …
The rising cost of property taxes are a concern for both individuals and businesses across Iowa. Often blame is placed on county assessors for high property taxes. A reason for this is the fact that taxpayers receive an assessment notice in the mail and are angry because of the increase …
Iowa’s economy has begun the process of reopening with continued limitations due to social distancing. Nevertheless, economic uncertainties remain. How will businesses cope with operating at limited capacity? Will Iowa consumers feel safe to fully reintegrating into the economy or will a fear of a “second wave” keep people away? …
Iowa’s economy is reopening, but the economic impact of COVID-19 (coronavirus) is still uncertain. Iowa’s April unemployment rate was 10.2 percent because of business closures resulting from social distancing policies used to mitigate the virus. The economic impact of COVID-19 is still a fluid situation. One of the uncertainties is …
Executive Summary As of May 20, 2020, the CDC calculates that COVID-19 has generated 99,498 U.S. deaths and 449 Iowa casualties. Per 1,000,000 in population, this represents 303 deaths for the nation, and a much lower 149 for Iowa. Due to COVID-19, the U.S. economy contracted by 4.8% in …
The COVID-19 pandemic is precipitating an unprecedented economic downturn, and small businesses are likely to bear the brunt of it. Mandatory shutdowns and social distancing are forcing many small businesses to shut their doors, leaving millions of people out of work and driving down sales. Even when governments begin lifting …
Iowa’s unemployment rate for April hit a historic high of 10.2 percent, up from 2.7 percent just one year ago. Iowa Workforce Development reported that the “number of unemployed Iowans jumped to 175,300 in April from 56,600 in March.” The national unemployment rate stood at 14.7 percent in April. Kevin …
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 …
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 …
“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 …
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 United States is confronted by an unprecedented crisis with the coronavirus (COVID-19) pandemic. From an economic standpoint, the COVID-19 crisis is being compared to the Great Depression with the growing army of unemployed Americans and the possible historic loss in state and local tax revenues. In March, Iowa along …
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, …
Continue reading “THE ECONOMIC IMPACT OF COVID-19 ON THE IOWA ECONOMY: EXECUTIVE SUMMARY”
