Image: Governor Kim Reynolds “This campaign is more than a contest between two men. It is more than a contest between two parties. It is a contest between two philosophies of government,” stated President Herbert Hoover in describing his differences with then-Governor Franklin D. Roosevelt. Governor Kim Reynolds, just as with President Hoover, offered a different philosophy of government […]
Yesterday the Iowa legislature passed a historic tax reform measure. Going into the 2022 legislative session Governor Kim Reynolds and the Republican-led legislature made tax reform a priority. The tax relief bill passed by both chambers phases in a 3.9 percent flat rate for individual income tax by 2026, a major reduction from today’s top marginal rate of 8.53 percent. […]
Tax rates matter. Whether it is allowing individuals to keep more of their hard-earned income or creating a more competitive economic climate, tax rates have a significant impact on a state. States are in economic competition with each other for both businesses and people. It is important for Iowa not to become complacent as numerous states are looking at reducing […]
This year is shaping up to be a big one for tax relief. From Mississippi to Kansas to Virginia to Iowa, elected officials are taking many paths to make taxes less burdensome, but they should all bear one thing in mind: without spending discipline, sound tax policy is impossible to maintain over the long term. Government officials at both the state and federal levels have been trying for years to tax and spend their way to fiscal success. This is no way to build a stable fiscal house. Luckily, some states this year are exploring the kinds of strong budgetary rules that create the conditions for prosperity.
Parents across Iowa are demanding greater accountability from public schools. The COVID-19 pandemic, along with current social and political movements, has raised significant concerns from parents about what is happening in K-12 classrooms across the state. Parents want greater visibility into what their children are learning and what types of books and other resources are utilized in school. Whether it is radical 1619 Project curriculum or controversial books that use vulgar words and portray explicit and pornographic content, curriculum concerns are driving this demand for more transparency and accountability. Requiring public schools to be fully transparent about classroom curriculum, available books and other resources within schools is a commonsense and much-needed reform.
From a taxpayer perspective, the 2022 legislative session is off to a good start. Governor Kim Reynolds, in her Condition of the State address, outlined a pro-growth tax reform plan that calls for a flat 4 percent income tax by 2026. House Republicans have also introduced a tax reform plan that calls for a flat 4 percent tax rate by […]
This week is National School Choice week, which brings awareness to the importance of empowering parents to choose the best educational path for their children. To most parents, it is obvious that they should be in control of their child’s education. The problem is, in the collective mind of the education establishment, that is not so obvious. Remote learning caused […]
By John Hendrickson, Policy Director for ITR Foundation, and Jonathan Williams, Executive Vice President for policy and Chief Economist at the American Legislative Exchange Council. Governor Kim Reynolds and free-market legislators are working to make Iowa a pro-growth leader. Tax reform is a priority for 2022 – and rightly so. Even after successful tax reforms in recent years, more […]
Governor Kim Reynolds, in her Condition of the State address this week, delivered a Reagan-esque take on the finer points of governing. “Under these ceilings, next to this marble, among these columns and portraits, it’s tempting to believe that nothing good happens unless we legislate it, regulate it, or fund it. But in the small towns, around kitchen tables, in […]
By John Hendrickson, Policy Director for ITR Foundation, and Dave Trabert, Chief Executive Officer of the Kansas Policy Institute Iowans are growing more frustrated with high property taxes. A majority of Iowans, 63.4 percent, believe that property taxes are too high. The concern over property taxes surpasses the rural-urban divide and political party identification. Taxpayers are often left wondering […]
Senator Dan Dawson, chair of the Iowa Senate Ways & Means Committee, speaking before the Iowa Taxpayers Association (ITA) stated that his tax policy goal for the 2022 legislature is to create a “21st century model” that will create the best tax climate in the nation. “We have the opportunity to do a tax reform moonshot here in Iowa,” stated […]
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 that hinder […]
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, […]
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” in its name, that’s not even the best part. Right now, that Fund has a balance of $1.1 billion. But it gets better: by the end of the […]
Pro-growth tax reform is on the move in several states. This year 14 states have enacted tax reforms, which would have been unheard of just a year ago. The good news about tax reform doesn’t end with 2021, though. It appears that many states, including Iowa, are poised to keep reducing the tax burden on their citizens. Voters in Louisiana […]