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 …

Steps to an Economic Recovery

Steps to an Economic Recovery

The coronavirus (COVID-19) is frightening enough, but the economic consequences of the virus makes the situation even more terrifying. As a result of COVID-19, thousands of Iowans are filing for unemployment and businesses across the state are trying to fend off bankruptcy. The current “cure” or deterrent to stopping the …

Prepare for Impact

Prepare for Impact

The threat of a national economic recession hangs over the United States as a result of the health emergency caused by the COVID-19 (coronavirus) pandemic. While much attention has been paid to what lawmakers in Washington D.C. have done, states and localities are also bracing for an economic recession. A …

Iowa’s Income Tax Rates Are a Ball and Chain

Iowa’s Income Tax Rates Are a Ball and Chain

With the federal government eliminating job-killing regulations and the implementation of The Tax Cuts and Jobs Act, it has led to national economic growth. Many states are using this as an opportunity to lower income tax rates.   In 2018, Iowa passed legislation that lowered the top individual income tax …

Our Taxes Aren’t “Iowa Nice”

Our Taxes Aren’t “Iowa Nice”

A businessman in Sioux City recently stated it very plainly to us:  “We have stores in seven states.  Iowa is more expensive for property taxes than any other.”   Iowans are, for the most part, hardworking, friendly, and willing to help a stranger in need. Many call this “Iowa nice.”  …

‘Cadillac Tax’ will hit Iowans hard

‘Cadillac Tax’ will hit Iowans hard

The Cedar Rapids Gazette recently published a guest column from Walt Rogers, TEF Iowa Deputy Director about the impending implementation of the “Cadillac Tax.” Under the Cadillac Tax, the federal government will impose a 40 percent excise tax on all employer-sponsored health insurance plans, as well as workplace-provided health care …