State Government is Picking Winners and Losers

Iowa competes with 49 states for businesses and people. What policies will allow Iowa to be more competitive and attract more people, businesses, and entrepreneurial activity?   While the economy overall is doing well, Iowa is still confronted with some serious economic problems. Whether it is slow population growth, a growing divide between rural and urban communities, or a shortage […]

Tax Credits Need Accountability and Transparency

Taxpayers are being forced by the government to subsidize businesses.   State and local governments utilize tax credits and incentives to create economic growth. The argument is made that governments need to utilize credits and incentives to not only attract new businesses, but also help existing businesses expand. Whether it is tax credits, incentives, abatements, or the use of TIF […]

Helping Iowa Grow

People vote with their feet. Iowa’s population and economic growth requires lowering income tax rates and controlling spending.   There is clear evidence states that reduce tax rates and control spending not only grow economically but attract new residents. Tax rates matter and the more a government taxes something the less you get. High taxes not only discourage investment, entrepreneurship, […]

Low Tax States Are Leading in Job Creation

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 states that have lower tax rates. Low tax states are […]

The Tax Cuts Are Working!

Unshackling the tax burden from Iowa small businesses does not just allow them to expand, but it also benefits their employees.   Lana Pol, owner of several businesses in Pella and Des Moines recently testified before the United States House of Representatives Committee on the Budget. Ms. Pol was representing the National Federation of Independent Business (NFIB) and she spoke […]

What Happened to My Tax Refund?

This is either lazy reporting or intentionally inaccurate. Tax refunds do not indicate if a person’s tax liability increased or decreased.   Americans across the country are filing their federal income taxes and many are seeing lower than expected refunds or getting the shock of having to pay more taxes to the federal government. Many liberal politicians and media outlets […]

The More You Tax Something, The Less You Will Get

Iowa has many attractive qualities in making it a great place to live. If policymakers want to grow our population, the best way to encourage growth is by lowering tax rates so our state is more competitive.   Population trends show that states with low tax rates are gaining new residents, while an exodus is underway in high tax states. […]

Iowa’s Tax Burden

How does Iowa compare with the other 49 states and Washington, D.C.? The individual income tax rate, corporate income tax rate, sales tax rate all as of January 1, 2019, and property taxes paid as a percentage of owner-occupied housing value for CY 2016 are ranked from 1 to 51 with 1 being the lowest and 51 the highest. Individual […]

For Iowa to Lower Tax Rates, it Must Show Spending Restraint

How can Iowa make sure its recent tax reform is fully implemented, including the adoption of fewer and lower tax rates in 2023? The only proven way to lower tax rates is with spending restraint. Some of us in our personal lives have learned Dave Ramsey’s lesson that you cannot out-earn your own stupidity. No state can out-tax bad budgets. […]

Does Government “Help” Prevent Growth?

The Iowa legislature is already making progress in creating a more friendly economic environment for job creators by passing needed tax reform legislation. The tax reform bill signed into law by Governor Kim Reynolds begins the process of reducing Iowa’s high individual and corporate tax rates. In addition, this legislation also calls for a strenuous review of Iowa’s many business […]

The Historical Success Story of Tax Cuts

The passage of the Tax Cuts and Jobs Act, which is the most significant tax reform to occur in decades, is creating economic growth and opportunities for Americans. The tax cuts, along with President Donald Trump’s unshackling the economy from excessive regulations, is the cause of this economic renewal. The “new normal” economy of slow economic growth and high unemployment […]

The North Carolina Growth Story Continues

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 North Carolina. In the process, North Carolina “began changing the […]

Will Iowa Become a Pro-Growth State?

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. Iowa has some of the highest individual and corporate income […]

Lowering Rates is a Positive Trend in State Taxation

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 building on previous tax cuts. Jared Walczak, a senior policy […]