The Revenue Estimating Conference (REC), which is tasked with estimating revenue for the State of Iowa, met last week and continued to project healthy revenues for both Fiscal Years 2022 and 2023. “Six and a half months from now, there’s going to be a pretty significant ending balance and so I think the General Assembly and the governor are in […]
Today is the start of a busy week. Whether you’re spending this week at the office, on the road, or hosting family and friends at your place, we hope you will be able to enjoy the Christmas holiday. Since you might be getting pulled in a lot of directions, we’ll keep our takes short and to the point today. But […]
By John Hendrickson, Policy Director for ITR Foundation, and James Broughel, Senior Research Fellow at the Mercatus Center at George Mason University Governor Kim Reynolds and the Republican-led legislature have enacted prudent budgets and lowered tax rates in recent years. Iowa’s economy is in a better position because of these sound fiscal policies. But eliminating burdensome regulations ...
The Tax Foundation has released the 2022 State Business Tax Climate Index today and for the second year in a row, Iowa has moved up two spots. Out of all 50 states, Iowa is now ranked 38 after landing at 42 in 2020’s rankings. As a result of the comprehensive tax reform law in 2018 and other recent reforms, Iowa’s […]
By John Hendrickson, Policy Director for ITR Foundation, and Dean Stansel, Ph.D., Economist at the Bridwell Institute in the Cox School of Business at Southern Methodist University A major trend from the Census is the growing number of individuals who are voting with their feet against bad economic policies. States with high tax and regulatory burdens such as California, […]
Iowa is going to have 1.8 billion reasons for tax relief and President Biden might end up planting a kiss on Senator Joe Manchin. Keep reading to learn why… Did you know the state of Iowa has a fund called the Taxpayer Relief Fund? It’s true, that’s the actual name. While we are fans of almost everything with “tax relief” […]