Iowa’s unemployment rate declined from 6 percent in August to 4.7 percent in September. The national unemployment rate for September is 7.9 percent. “September is the fifth consecutive month we have seen a drop in unemployment since the beginning of the pandemic and peak unemployment in April,” said Director Beth …
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Should we build our deck? This is the question that one Iowa family shared with us recently. For years, this family has been saving to build a deck on the back of their house, but with the current economic uncertainty they are trying to decide whether this is the best …
Continue reading “Household Budgeting Should Apply to Government”
The Cato Institute released their 2020 Fiscal Policy Report Card on American Governors, which “grades governors on their fiscal policies from a limited‐government perspective.” The report utilized “statistical data to grade the governors on their tax and spending records — governors who have restrained taxes and spending receive higher grades, …
Governor Kim Reynolds announced, Iowa will “end Fiscal Year 2020 with a balance of $305.5 million in its General Fund.” Governor Reynolds and the Republican legislature have been following prudent budget policies. This has been especially difficult considering the COVID-19 pandemic and uncertainty in the agricultural markets. “Fiscal responsibility …
Congress continues to debate whether more stimulus is needed to aid state and local governments from the economic recession caused by the COVID-19 pandemic. However, federal policymakers should avoid another bailout until states have been able to utilize all relief funds that have been appropriated by Congress. History has …
Continue reading “Is Another Round of Economic Stimulus Needed?”
By Walt Rogers As a former state legislator my top priority was and still is education. Perhaps one of the most memorable and heartfelt moments occurred when I chaired an Iowa House subcommittee hearing on a bill proposing Education Savings Accounts (ESAs). An emotional mother testified that her “public …
For many Iowans property taxes represent a significant financial burden. A recent independent poll commissioned by TEF Iowa found that close to 50 percent of Iowans surveyed support making property tax relief a priority. Did you know property taxes are a form of wealth tax? It’s true! For …
The issue of rapidly escalating property tax burdens is a concern for both individuals and businesses across Iowa. It is important to remember the ultimate source of high property taxes is excessive local government spending. Unless spending is controlled, any property tax relief will be limited. The objective of …
Continue reading “Truth-in-Taxation: A Property Tax Solution”
Iowa’s unemployment rate declined to 6 percent in August. The unemployment rate in July was 6.6 percent and a year ago the rate stood at 2.8 percent. The national unemployment rate fell to 8.4 percent in August. The decline in Iowa’s unemployment rate is good news, considering the COVID-19 pandemic …
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The Constitution: The Political Religion of the Nation “Hold on to the Constitution of the United States of America and the republic for which it stands. What has happened once in six thousand years may never happen again. Hold on to your Constitution, for if the American Constitution …
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These are just a few of the testimonials from Iowa students and parents who have benefitted from the opportunities provided by Iowa’s school choice policies. Too often the policy discussion over education centers around spending and for good reason. Public education consumes a majority of the state budget and …
Iowa relies heavily on income tax to fund state government. It is estimated, in Fiscal Year 2021, 57.3 percent of state revenues will be generated from income (individual and corporate) taxes, while 33.1 percent will originate from sales taxes. (Source: Legislative Services Agency) Since 1993, individual and …
Recently TEF Iowa polled Iowans to get their view on some key public policy issues. In this guide you will find not only how Iowans think about these issues, but also public policy solutions that align with the interest of Iowans. TEF Iowa has developed this guide as a resource …
As a new school year begins amidst the COVID-19 pandemic, many Iowa parents are juggling working from home and facilitating their children’s online education. Schools across Iowa are offering a hybrid of in-class and online instruction. Many parents in Iowa have selected to have their children start school online for …
Iowans are demanding property tax relief. High property taxes continue to be a problem for Iowa. The Tax Foundation recently examined the “effective tax rates on owner-occupied housing” across the United States. Iowa ranked 12th highest in the nation. Source: Tax Foundation Iowa relies heavily on property tax …
“A dangerous virus lurks in our republican democracy,” wrote E.J. Dionne, Jr., a columnist with The Washington Post. What is the virus which is causing a substantial threat to our constitutional republic? Dionne argues that the cause is none other than the Electoral College. The Electoral College is one of …
Iowa’s unemployment rate dropped from 8 percent in June to 6.6 percent in July. A year ago the unemployment rate was just 2.7 percent . The national unemployment rate for July stands at 10.2 percent. Iowa has the 7th lowest unemployment rate in the nation, and regionally only Nebraska (4.8 …
The COVID-19 pandemic has impacted Iowa’s rural hospitals. The Iowa Hospital Association has estimated, the “state’s 118 hospitals, collectively, could lose as much as $2.17 billion in revenue by the end of this year.” A significant reason for this potential loss is, during the start of the pandemic, hospitals were …
Continue reading “Improving Healthcare: Repeal Certificate of Need Law”
Governor Kim Reynolds and the legislature have been working to control spending in Iowa. Prior to the COVID-19 emergency, Iowa was in a strong economic position with healthy and stable revenue growth. This included $800 million in reserves and a $400 million surplus. By March, all of this changed as …
Continue reading “Taxpayer Protection Starts with Limiting Spending”
The American Legislative Exchange Council (ALEC) released the 13th edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index. Rich States, Poor States, measures the competitiveness of each state in terms of economic outlook and performance. In the latest rankings, Iowa has moved from 29th to 25th in terms …
Continue reading “Tax Rates Are the Key to Economic Competitiveness”
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,” …
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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 …
