Time’s Up for Iowa’s Terrible Tax Credits

Time has passed Iowa’s tax credit system by, and the time has come for a change. Over the course of decades, a succession of governors and legislatures have built a giant structure of special tax credits, abatements and other forms of targeted tax breaks that turn a system intended to raise revenue to fund public services into a mechanism for […]

Governor Kim Reynolds is a Conservative Leader

Image: Official White House Photos by Shealah Craighead and D. Myles Culle Iowa is a beacon of liberty against an onslaught of poor federal policies. President Biden has already proposed $6 trillion in new spending during his first 100 days in office. Iowa is awash with federal stimulus dollars. Iowa is frequently overlooked, but Governor Kim Reynolds is an example […]

Rediscovering the Republican Party’s America First Trade Policy

“From this day forward, a new vision will govern our land. From this day forward, it’s going to be only America first. America first. Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families.” President Donald J. Trump, Inaugural Address, January 20, 2017   “Are the Republicans Switching Places […]

Tax Reform Far from Complete in Iowa

This year Iowa’s top corporate tax rate decreased from 12 percent, the highest in the nation, to 9.8 percent. Even at 9.8 percent, Iowa’s corporate tax rate is high. Many states have or are in the process of gradually lowering their corporate income tax rates. Nebraska recently passed legislation to reduce their corporate tax from 7.81 percent to 6.84 percent. […]

Following the Principles of Andrew Mellon can Help Restore Economic Sanity

Photo by Keystone/Getty Images   Andrew Mellon, who was considered the best Secretary of the Treasury since Alexander Hamilton, served in the presidential administrations of Warren G. Harding, Calvin Coolidge, and Herbert Hoover. Prior to his service as Secretary of the Treasury, Mellon was a successful financier and businessman. Mellon understood sound fiscal policy and he helped to advance policies […]

Governor Reynolds’ Vision for Education: Placing Students and Families First

Photo: @IAGovernor In a recent editorial The Des Moines Register criticized Governor Kim Reynolds’ vision for education in Iowa. During the legislative session, Governor Reynolds made students a priority and she led the nation in requiring Iowa schools to offer the option of 100 percent in-person learning. By advancing more parental choice in education, Governor Reynolds is placing families first. […]

The Iowa Legislature Continues Conservative Spending

Governor Kim Reynolds and the Republican-led legislature continued to follow fiscal conservatism. The legislature passed an $8.1 billion FY 2022 state budget. This budget is $290.7 million more than the FY 2021 budget. The $8.1 billion budget is over $4 million more than what Governor Reynolds originally proposed. Nevertheless, even as spending has slightly increased from the previous fiscal year, […]

Reject the “Blue” State Model

A recent editorial by the Des Moines Register asks whether the push for “smaller” government in Iowa has achieved a point where it is “too small to work.” The editorial argues that those who believe in a “smaller, more efficient” government fail to address how limited government can solve some of the policy problems confronting Iowa. In other words, the […]

Fiscal Conservatism Works

Following a path of fiscal conservatism is never easy. Numerous interests are calling for either new or an expansion of existing taxpayer funding for programs. Policymakers are confronted with difficult decisions in crafting a budget and providing for the priorities of government, but at the same time trying to be good stewards of taxpayer dollars. The pressure for policymakers to […]

Governor Kim Reynolds Champions Pro-Growth Tax Policies

Governor Kim Reynolds has made growing Iowa’s economy a priority. To accomplish this goal, she is working to ensure that Iowa has a competitive tax climate. As a result of following fiscal conservatism of prudent spending and lowering tax rates, Iowa was able to weather the economic impact of the COVID-19 pandemic. Iowa’s fiscal house is in order with full […]

Spending, Debt, and Tax Increases Threaten Economy

In a recent interview with Tax Education Foundation of Iowa, Dr. Ernie Goss, Professor of Economics at Creighton University, discussed current issues and economic trends for both Iowa and the nation. Goss noted that Iowa’s economy “is still about three or four percent below pre-pandemic levels” but is on the road to recovery.  Although both Iowa’s and the national economy […]

Truth In Taxation Laws Are Gold Standard of Property Tax Reform

The burden of high property taxes is a source of growing frustration and legitimate concern for taxpayers across the nation. Because property tax systems vary greatly across the states, finding a solution to out-of-control property tax burdens is often difficult for policymakers. Interestingly, states across the country are taking a page from Utah’s book, where a state law has kept […]

Uncle Sam is Broke

Out-of-control government spending is a dangerous problem that both political parties are failing to address. The United States’ national debt is $28 trillion and rising and the federal government continues to run massive deficits. The COVID-19 pandemic has only escalated government spending. The national debt represents a significant crisis for the nation. A recent review of the federal government’s finances by Truth in Accounting […]

Iowa Needs a Property Tax Solution

  Property taxpayers in Iowa are frustrated. Taxpayers often blame assessors for high property tax bills, but it is government spending that results in high property taxes. Property taxes are also a form of wealth tax.   For example, if the value of a home increased by 10 percent, it does not mean the property owner has a 10 percent […]

Beware of Tax Rate Complacency

Toyota Financial Services recently announced that as a result of consolidating customer service centers, the Cedar Rapids facility will close and cut 600 jobs, due in part to the private sector employing 5% fewer people than a year ago. The consolidation of customer service centers is a loss for Iowa and a win for other states, such as Texas. Businesses […]

Gov. Reynolds Should Reject Federal COVID Relief Money

President Joe Biden and Democrats in Congress are celebrating the recent passage of the American Rescue Plan Act (ARP), which is a $1.9 trillion package aimed at providing COVID-19 relief. The $1.9 trillion “stimulus” is in addition to $4 trillion in previous spending directed towards pandemic relief. The American Rescue Plan will not only add to the escalating $28 trillion […]

A Republic, If You Can Keep It

The late intellectual historian Stephen J. Tonsor wrote that in America, “the Founding is determinative, and the Constitution stands at the very center of American political conservatism.” As Tonsor wrote: Central to conservative doctrine, and the translation of this doctrine into the politics of a particular time and place, is the fear of unchecked power and its centralization…It is for […]

Iowa Needs Job Licensing & Board Reviews

During the last legislative session, the legislature passed, and Governor Kim Reynolds signed a historic occupational licensing reform measure.  The law allows for universal recognition of out-of-state licenses, waives licensing fees for low-income individuals, and establishes a standard for a fairer review process if a license is denied based on past criminal convictions. Policymakers have an opportunity to build upon […]

Conservative Iowa Budget

Iowa Gov. Kim Reynolds and the Republican-led legislature have mainly been following fiscal conservative principles of limiting spending and reducing tax rates. Gov. Reynolds even received an “A” grade from Cato Institute’s 2020 Fiscal Policy Report Card on America’s Governors for her fiscal conservatism. As a result of conservative budgeting practices, Iowa’s fiscal house was not only prepared for the economic emergency caused […]

Benefits of Competition in Education

During her Condition of the State address, Governor Kim Reynolds outlined a comprehensive school choice reform plan. One aspect of this calls for expanding charter schools in Iowa. Charter schools are public schools that are run independently but are still held accountable to state and federal standards. These schools are currently limited in Iowa but can provide a more flexible […]

How to Stop Corporate Subsidies on the Taxpayers’ Dime?

Des Moines is rightly excited about plans to build multiple new sports facilities. But Iowa taxpayers ought to be concerned about the city’s request for $57 million in state subsidies to underwrite real estate developers’ profits. Cronyism of this sort has been a consistent problem across America, but there’s hope on the horizon. States have been locked in a perpetual […]

Time to Eliminate Barriers to Tax Relief

Tax rates matter, and they play a significant role in how competitive a state economy is in relation to other states. Higher tax rates penalize hard-working individuals, families, and businesses and deter economic growth, making a state less competitive. To make Iowa more economically competitive, Governor Kim Reynolds has made tax reform a priority. Taxes on income, which include both […]

Can Uncle Sam Afford a $1.9 Trillion Stimulus?

President Joe Biden and Democrats in Congress are pushing for a $1.9 trillion COVID-19 relief package. Congress has already approved $4 trillion in pandemic relief and stimulus measures and billions of that money has yet to be spent. Congress is also considering a $6.1 trillion budget and the $28 trillion national debt continues to escalate. Federal policymakers should avoid another […]

A Needed Reform for Iowa’s Property Taxpayers

Iowa’s high property taxes are a growing concern. The Tax Foundation examined the “effective tax rates on owner-occupied housing” across the United States. Iowa ranked 12th highest in the nation. At the heart of high property taxes is local government spending. Unless spending is controlled, any property tax relief will be limited. Iowa’s property tax system is complex, and more transparency is needed. […]