Remembering Bob Williams

By John Hendrickson This past week we lost a champion of liberty with the passing of Bob Williams. Bob served as a state legislator from Washington and he founded two state policy think tanks, Evergreen Freedom Foundation and the Washington Policy Center. As a lawmaker and as a public policy professional, Bob Williams was a budget hawk and a defender […]

Budget Growth & Tax Cuts: A Win-Win for Iowa

Let’s make something clear right away: Iowa’s state budget is going to continue to grow in the coming years. The only reason that point may be in question is Iowa’s Revenue Estimating Conference (REC), which has the difficult responsibility of estimating revenue for the state, recently released updated projections. The REC increased the current fiscal year (2022) estimate by 4.2 […]

Strong Fiscal Rules Lead to Better Tax Policy

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.

Governor Reynolds Proposes 4% Flat Income Tax

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 […]

Ask the Economist

  ITR Foundation Deputy Director Walt Rogers recently interviewed Dr. Ernie Goss, a professor of economics at Creighton University Heider College of Business. They covered many topics facing our economy today. Among them were: Supply chain: We do a monthly survey at Creighton University of supply managers and manufacturers, and we’ve been doing it for 25 years. This is the […]

Disappointment for the Tax and Spend Crowd

Nothing from the local elections here in Iowa, nor races across the country, will have changed the perception that this political environment is toxic for those who want to push a tax and spend agenda.   Tuesday’s elections in Iowa and across the country are now in the books.  Iowa voters went to the polls to elect candidates to school […]

America’s Supply Chain Crisis

Senator Josh Hawley (R-MO) is a leading conservative who is fighting for the America First agenda. Recently, Senator Hawley introduced the “Make in America to sell in America Act,” in an effort to address the supply chain crisis and the troubling dependency upon foreign countries for necessities. Americans are being confronted with increasing prices due to inflation and a clogged […]

Biden’s Spending Will Hurt Iowans

Our friends in Texas have published a new report entitled Reversing the Recovery, that details how the proposed Build Back Better spending plan could affect our national economy, including how it would impact each individual state. Their conclusion? Iowa would be responsible for shouldering $43 Billion in new debt and lose 51,000 jobs. From the report: “This plan includes heavy […]

Democrats’ Tax and Spend Agenda Threatens Iowa Taxpayers and Economy

Iowans are known for being plain-spoken and clear-thinking. Perhaps that’s why President Biden’s approval rating in Iowa has recently sunk to a dismal 31 percent.  Afghanistan and COVID notwithstanding, another of the Biden Administration’s promises that seems to have failed the believability test is his insistence middle-class Iowans won’t be hurt in the pocketbook by his $3.5 trillion budget blueprint. […]

America’s Forgotten Economist

It is often forgotten, but America’s conservative tradition was not based on free trade, but rather economic nationalism. The American System became the basis of conservative economic policy. This economic philosophy was developed by Secretary of the Treasury Alexander Hamilton and the Federalists, continued by the Whigs under the leadership of Henry Clay, and was eventually adopted by the Republican […]

Time’s Up for Iowa’s Terrible Tax Credits

Time has passed Iowa’s tax credit system by, and the time has come for a change. Over the course of decades, a succession of governors and legislatures have built a giant structure of special tax credits, abatements and other forms of targeted tax breaks that turn a system intended to raise revenue to fund public services into a mechanism for […]

Governor Kim Reynolds is a Conservative Leader

Image: Official White House Photos by Shealah Craighead and D. Myles Culle Iowa is a beacon of liberty against an onslaught of poor federal policies. President Biden has already proposed $6 trillion in new spending during his first 100 days in office. Iowa is awash with federal stimulus dollars. Iowa is frequently overlooked, but Governor Kim Reynolds is an example […]

Following the Principles of Andrew Mellon can Help Restore Economic Sanity

Photo by Keystone/Getty Images   Andrew Mellon, who was considered the best Secretary of the Treasury since Alexander Hamilton, served in the presidential administrations of Warren G. Harding, Calvin Coolidge, and Herbert Hoover. Prior to his service as Secretary of the Treasury, Mellon was a successful financier and businessman. Mellon understood sound fiscal policy and he helped to advance policies […]

The Iowa Legislature Continues Conservative Spending

Governor Kim Reynolds and the Republican-led legislature continued to follow fiscal conservatism. The legislature passed an $8.1 billion FY 2022 state budget. This budget is $290.7 million more than the FY 2021 budget. The $8.1 billion budget is over $4 million more than what Governor Reynolds originally proposed. Nevertheless, even as spending has slightly increased from the previous fiscal year, […]

Reject the “Blue” State Model

A recent editorial by the Des Moines Register asks whether the push for “smaller” government in Iowa has achieved a point where it is “too small to work.” The editorial argues that those who believe in a “smaller, more efficient” government fail to address how limited government can solve some of the policy problems confronting Iowa. In other words, the […]