Should Iowa Eliminate the Income Tax?

Should Iowa Eliminate the Income Tax?

Iowa relies heavily on income tax to fund state government. It is estimated, in Fiscal Year 2021, 57.3 percent of state revenues will be generated from income (individual and corporate) taxes, while 33.1 percent will originate from sales taxes.   (Source: Legislative Services Agency)     Since 1993, individual and …

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 …

Taxpayer Protection Starts with Limiting Spending

Taxpayer Protection Starts with Limiting Spending

Governor Kim Reynolds and the legislature have been working to control spending in Iowa. Prior to the COVID-19 emergency, Iowa was in a strong economic position with healthy and stable revenue growth. This included $800 million in reserves and a $400 million surplus. By March, all of this changed as …

Economic Development Incentives Help Big Business at the Expense of Small Business

Economic Development Incentives Help Big Business at the Expense of Small Business

State and local politicians all over the country seem to love to dole out tax dollars to big businesses in an effort to get them to locate in their area. While they routinely argue that those subsidies will benefit the local economy, economic research does not support that conclusion.   …

Understanding the Societal Cost of Runaway Tax Credits

Understanding the Societal Cost of Runaway Tax Credits

Iowa’s massive tax credit programs come at a very real and harmful cost to its ability to provide basic public services. Any meaningful discussion of how much Iowa’s state and local politicians are handing out in tax credits must include the context of what governments could have accomplished with the …

State Government is Picking Winners and Losers

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 …

Tax Credits Need Accountability and Transparency

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 …

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 …