Iowa’s economy is becoming more competitive because of the flat tax. It is imperative that the flat tax is protected through conservative budgeting and that policymakers continue to look for avenues to further lower the rate. Lower taxes produce prosperity over time, and Iowa is benefiting from Gov. Reynolds’s strong reforms.
Ohio passed a bill resulting in a 30 percent reduction of regulations by 2025 making Ohio’s businesses more competitive and spurring economic growth. Policymakers in Iowa should look to this as a model that further reform can be built upon.
Governor Kim Reynolds is prioritizing making Iowa’s economy more competitive. This year the Governor is focusing on reducing the regulatory burden in Iowa. In January, Governor Reynolds issued an executive order to begin to reform regulations in Iowa. In her Condition of the State address she said that the intent of the executive order is to “begin the process of lifting this dead weight from our economy over the next four years.” In advancing regulatory reform Iowa policymakers should consider Ohio’s successful efforts to eliminate burdensome regulations. Ohio serves as the gold standard for state regulatory reform.
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:
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: