Constitutional protections exist for other state funds, and it is time for taxpayers to receive that same benefit. As part of a historic income tax reform proposal the Iowa House and Senate are introducing two proposed amendments to the Constitution that would serve as protections for taxpayers. Both amendments would make it more difficult for a future legislature to increase […]
The Iowa legislature is poised to deliver the benefits of conservative budgeting and pro-growth policies to taxpayers in our state. Heading into the legislative session Governor Kim Reynolds and legislative leaders stated that not only would further income tax reform be a priority, but an opportunity existed to accelerate planned income tax rate reductions. Under current law the income tax rate […]
This article was published in The Courier. Governor Reynolds is proposing new legislation to “further protect our farmland from foreign interests.” Defending American sovereignty is vital and Governor Kim Reynolds is working diligently to protect Iowa and the nation from the growing threat posed by China. From both an economic and national security standpoint, China likely represents the most dangerous […]
Iowa’s income tax would drop to 3.5 percent next year under the governor’s proposal. In her Condition of the State address, Governor Kim Reynolds outlined a pro-growth policy agenda, including a new round of income tax cuts. Gov. Reynolds stated, “ the condition of our state is truly strong.” The reason for this is the fiscally conservative policies Iowa’s elected officials have been […]
Additional income tax cuts will generate hundreds of millions of dollars per year in economic growth for Iowa. After three significant rounds of tax cuts since 2018, Iowa firmly established itself as the national leader in state-based tax reform. Now, the state government has a real possibility of eliminating the income tax, making Iowa the first state to do so. […]
This past election was important for Iowa taxpayers. In addition to candidates for local government offices, Iowans voted on numerous bond proposals covering a variety of county, city, and school district projects. If all of the bond questions had passed, it would have meant $1.72 billion in new spending. During the election, only 22 of the questions achieved the required 60 percent majority for approval, representing an estimated $951.9 million. These results suggest taxpayers are paying more attention to bond questions owing to Iowans’ mounting frustration with high property taxes and recent legislation designed to increase participation.
The Tax Foundation’s ranking, in combination with continuing surpluses, proves that fiscal conservatism is working in Iowa. Tax rates matter. They are a major factor determining the economic well-being of a state in both the money they leave in the economy and the impressions decision-makers have when comparing states. The Tax Foundation recently released its annual 2024 State Business Tax […]
Perhaps the real lesson that can be learned from Oklahoma is that tax reforms are not easy to implement, even when there is unified control of a state Capitol. On October 3, 2023, the Oklahoma legislature reconvened for a special session. Governor Kevin Stitt (R) called the special session for the specific purposes of income tax reduction, tax fairness, and […]
This article was published in The Gazette. Governor Reynolds is working to reform state government and make it more accountable and efficient for the taxpayer. Former President Herbert Hoover chaired two commissions during the presidential administrations of President Harry S. Truman and Dwight D. Eisenhower. The Hoover Commissions were looking to make government more efficient. As a result of the […]
Oklahoma wants to follow the Iowa playbook: controlling government spending is vital to a successful tax reform policy. Oklahoma Governor Kevin Stitt has called a special legislative session, convening on October 3, 2023, for the purpose of income tax reduction and increased transparency within the state budget. The governor is not merely pushing for income tax relief but is asking the legislature […]
Iowa’s tax code is becoming more competitive, allowing individuals and businesses to flourish in a low-tax environment. When Iowa’s corporate income tax was 12 percent, it was one of the highest in the nation. Starting on January 1, 2024, the top tax rate applied to corporations’ income will be lowered from its current 8.4 percent, which is still tenth-highest, to […]
Iowa’s Chief Executive views the budget surplus as an over collection of taxes. In announcing Iowa’s $1.83 billion surplus, Governor Kim Reynolds stated her desire to continue cutting taxes in 2024, “Some see a surplus as government not spending enough, but I view it as an over collection from the hard-working men and women of Iowa… I look forward to cutting […]
Conservative budgeting has been a pillar of the state’s fiscal policy in recent years and Iowans would benefit from all of their local governments taking a similar approach. The team at Iowans for Tax Relief Foundation has been talking to Iowans all across the state lately. One topic that has been part of each one of those conversations is property […]
Protecting the Interests of the Taxpayer: Why the Taxpayer Relief Fund Needs Constitutional Protection
This article was published in the Washington Examiner. Too often the voice of the taxpayer is drowned out by louder special interest lobbyists. Protecting the Taxpayer Relief Fund in the Constitution would ensure that the interests of taxpayers — and their money — are secure. As a taxpayer, did you know that the state of Iowa is currently holding close […]
This article was published in the Des Moines Register, Cedar Rapids Gazette, Iowa City Press-Citizen and the West Branch Times. Herbert Hoover is a forgotten conservative statesman, whose philosophy and ideas can still serve as a guide for the nation today. President Herbert Hoover led a remarkable life that was based upon public service, humanitarianism, and a belief that America […]
This article was published in the Washington Examiner and Dubuque Telegraph Herald. Iowa should use the significant progress made in the nation lowering income tax rates as a source of momentum for further improvements. The last few years have been historic for state-based income tax reforms, and Iowa has become a national leader in this revolution as a result of […]
Media outlets such as The Wall Street Journal are beginning to recognize that the Red-state model of limited spending and pro-growth tax reform is working.
A recent editorial by The Wall Street Journal highlights several progressive Democrat “Blue” states confronting budget problems as a result of overspending and tax increases. States such as New York, New Jersey, and California are experiencing declines in tax revenue, threatening their inflated budgets.
This article was published in The Cedar Rapids Gazette. Media outlets such as The Wall Street Journal are beginning to recognize that the Red-state model of limited spending and pro-growth tax reform is working. A recent editorial by The Wall Street Journal highlights several progressive Democrat “Blue” states confronting budget problems as a result of overspending and tax increases. States […]