2020 Candidate Education Guide

2020 Candidate Education Guide

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 …

Tax Rates Are the Key to Economic Competitiveness

Tax Rates Are the Key to Economic Competitiveness

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 …

How Much Does Government Cost in Iowa?

How Much Does Government Cost in Iowa?

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 …

A Way Forward for State Budgets after COVID-19

A Way Forward for State Budgets after COVID-19

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 …

Spending Restraint: A Conservative Budget

Spending Restraint: A Conservative Budget

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 …

Tough Budget Decisions Ahead

Tough Budget Decisions Ahead

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 …

Small Business Recovery after COVID-19

Small Business Recovery after COVID-19

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 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 …

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, …