Gov. Kim Reynolds and Republicans in the Iowa House and Senate identified tax reform as a priority before the start of the 2018 session. With expectations high for the first significant income tax reform in 20 years, the discussion on tax policy dominated the session. The Governor and lawmakers agreed to a bill on the session’s final day and the […]
The passage of the Tax Cuts and Jobs Act, which is the most significant tax reform to occur in decades, is creating economic growth and opportunities for Americans. The tax cuts, along with President Donald Trump’s unshackling the economy from excessive regulations, is the cause of this economic renewal. The “new normal” economy of slow economic growth and high unemployment […]
Opponents of tax reduction balk at North Carolina’s historic tax reform as an example that pro-growth tax policies only lead to the bleeding of essential state services. They are wrong. Since 2013, an economic policy agenda reducing tax rates, regulations, and controlling the growth of spending has been advanced in North Carolina. In the process, North Carolina “began changing the […]
U.S. News & World Report recently ranked Iowa “best state in the nation when it comes to infrastructure, healthcare, opportunity, and education.” Although this ranking is something Iowa can be proud of it does not mean that improvements cannot be made, especially regarding our state’s high and complex tax code. Iowa has some of the highest individual and corporate income […]
Several states are moving in the direction of lowering their tax rates to create economic growth. The trend among many states has been to lower both individual and corporate income taxes as well as business and property taxes. In 2016 several states cut taxes and many of those states were building on previous tax cuts. Jared Walczak, a senior policy […]