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 […]

Is Another Round of Economic Stimulus Needed?

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 proven stimulus spending does not work to revitalize the economy […]

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 on all levels of government, it creates a problem. As […]

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 a plan to balance revenue and expenditures. Moreover, states lack […]

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 is supported by taxes paid to the federal government. In […]

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 twice the size of the states all put together.”     […]