Session Preview: Fiscal Independence Act

ITR Foundation·
Iowa’s growing reliance on federal funding exposes the state to fiscal risk, policy mandates, and uncertainty driven by Washington, D.C. The Iowa Fiscal Independence Act would improve transparency, disclosure, and legislative oversight of federal funds to help lawmakers and taxpayers understand and manage those risks. By taking proactive steps toward fiscal independence, Iowa can strengthen state sovereignty, protect taxpayers, and reduce vulnerability to federal budget disruptions. Iowa’s finances are increasingly shaped by decisions made in…

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Let’s be honest, big government is big bureaucracy, and common sense tells us big bureaucracy is ineffective. That’s why ITR Foundation works to:

  • Research principled solutions
  • Educate Iowans about our solutions
  • Activate Iowans in support of our solutions

By applying the principles of limited government, free enterprise, and the rule of law to public policy, we can ensure all Iowans will have the opportunity to succeed.

ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa:

  • Increased property tax transparency and spending restraint
  • A 3.8% flat individual income tax rate
  • Elimination of income taxes on retirement income
  • Elimination of inheritance tax
  • Creating a path to reduce corporate income tax to 5.5%
  • Phasing-out special tax incentives in the corporate tax code
  • Banning local universal basic income programs