Unfortunately, for many young and low skilled workers, raising the minimum wage actually results in lowering their wage to $0 because they will no longer have the legal opportunity to sell their labor to provide for themselves. Guest Column By Christina Herrin As presidential candidate hopefuls make their trek to …
Continue reading “Minimum Wage Hikes Result in Unintended Consequences”
States with lower tax rates are creating more jobs than states with higher tax rates. The economic principle holds true: the more you tax something, the less you get. The Tax Cuts and Jobs Act has been a shot of adrenaline for job creation. This is especially true for …
Continue reading “Low Tax States Are Leading in Job Creation”
Iowa and all of the other states in our union are competing for economic growth. It is economic growth that creates jobs and opportunities and attracts new people to a state. And economic freedom-limited government, low tax rates, and low levels of regulation- is essential to fostering economic growth. So …
The government, even with the best intentions, cannot solve every problem. “What is conservatism? Is it not preference for the old and tried, over the new and untried?” stated Abraham Lincoln in defining conservatism. The conservative view of public policy has always been to examine issues and policies based …
Progressives in Iowa are arguing that both Governor Kim Reynolds and the Senate Republican tax reform proposals would lead Iowa into a fiscal “train wreck.” Iowa Democrats have said if Republicans in the legislature lower tax rates the result will be a budget disaster similar to what occurred in Kansas. …
Continue reading “The Failure of Progressive “Blue State” Economics”
Opponents of tax reduction balk at North Carolina’s historic tax reform as an example that pro-growth tax policies only lead to the bleeding of essential state services. They are wrong. Since 2013, an economic policy agenda reducing tax rates, regulations, and controlling the growth of spending has been advanced in …
Continue reading “The North Carolina Growth Story Continues”
“Blessed are the young, for they shall inherit the national debt,” stated President Herbert Hoover. Once again, the nation hit a record as our national debt has risen to $21 trillion. This does not include the trillions in unfunded liabilities from entitlement programs such as Social Security, Medicare, and Medicaid. …
Continue reading “An Unfortunate Milestone: Our National Debt Has Reached $21 Trillion”
U.S. News & World Report recently ranked Iowa “best state in the nation when it comes to infrastructure, healthcare, opportunity, and education.” Although this ranking is something Iowa can be proud of it does not mean that improvements cannot be made, especially regarding our state’s high and complex tax code. …
The state of Iowa is facing a tight budget. Although revenues at this time are not declining, Iowa’s revenues continue to be lower than projected. Some of the factors contributing to this include a decline in Iowa’s agricultural economy and the increasing consumer behavior of online purchases where sales taxes …
Continue reading “Reducing Government Spending: It Can Be Done”
Several states are moving in the direction of lowering their tax rates to create economic growth. The trend among many states has been to lower both individual and corporate income taxes as well as business and property taxes. In 2016 several states cut taxes and many of those states were …
Continue reading “Lowering Rates is a Positive Trend in State Taxation”
By John Hendrickson The Tax Foundation and the Small Business and Entrepreneurship Council (SBE) have both published studies comparing how the fifty states rank in regard to their business climate. Both studies compare the states using a variety of tax comparisons. Some of the major tax areas examined include corporate …
