Regulations are a necessary part of society, but too much regulation can hinder economic growth and prosperity. Lowering tax rates, limiting spending, and eliminating burdensome regulations was the Trump Administration’s formula to produce pro-growth economic policy. The last item–regulatory reform–is often a forgotten pillar of economic growth. Regulations can be roadblocks for both individuals and businesses, which is why regulatory reform can help further boost Iowa’s state economy.
By Sarah Curry, DBA Everyone loves a good farmers’ market on a hot summer afternoon, and Iowa has a long history with these classic representatives of direct retail. The first one in the state began in 1858 at the Dubuque city hall building, where it still operates today. This summer, however, Iowa is home to only 172 farmers’ markets across […]
“Regulations influence behavior. When we want less of something, we regulate it. For the sake of our families, young people, and low-income workers, we must not regulate jobs out of existence,” stated Rea Hederman, Executive Director of the Economic Research Center and Vice President of Policy at Ohio’s Buckeye Institute for Public Policy. Reducing the regulatory burden on an economy will also spur economic growth, as President Trump demonstrated when his administration combined tax cuts with eliminating unnecessary regulation. That type of free market reform would be particularly powerful in Iowa, since we are home to some of the highest levels of state regulation in the Midwest and across the country.
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 […]
On January 11, 2021 the Iowa legislature is scheduled to convene. A major priority of the legislative session will be taking measures to aid in the COVID-19 economic recovery. The pandemic continues to cause uncertainty as the virus is once again intensifying throughout the Midwest. To help Iowa’s economy recover and to create economic growth, policymakers should center their efforts […]
The COVID-19 pandemic is precipitating an unprecedented economic downturn, and small businesses are likely to bear the brunt of it. Mandatory shutdowns and social distancing are forcing many small businesses to shut their doors, leaving millions of people out of work and driving down sales. Even when governments begin lifting social distancing restrictions, the residual effects of unemployment and disrupted […]
By Matthew D. Mitchell, Senior Research Fellow, Mercatus Center COVID-19 presents a challenge of extraordinary scale and complexity. State policymakers across the country, like so many of us, want to know what they can do to help our nation’s healthcare professionals rise to this challenge. Their first task should be to eliminate or suspend laws that stand in the […]
States Lead The Way in Coronavirus Crisis With Emergency Removal of Occupational Licensing Obstacles—Why Not Make Them Permanent? Today, Vice President Mike Pence announced that the Department of Health and Human Services is considering a national emergency order that would allow doctors throughout the country to practice across state lines. This would be a good move, and luckily, many […]
Iowa, along with several other states, is considering occupational licensing reform. Reducing occupational licensing barriers will provide new opportunities for workers, attract new people to Iowa, and create a more competitive business environment. One aspect of occupational licensing reform is establishing reciprocity, or a universal licensing recognition, for out-of-state licensees. The Iowa legislature is currently considering reciprocity as part of […]
The Des Moines metro is growing and evidence of this growth can be seen through numerous construction and building projects. Recently, MercyOne hospital in West Des Moines announced a $13 million project to create a new maternity and infants care center. This is in response to the demands of a growing population. MercyOne is filling a need by meeting the […]
A Legislative Year for Smaller Government and Smarter Solutions Iowa is in an exciting place as we start a new decade of the 21st century. Iowa’s economy is strong and our state budget has an estimated $470 million budget surplus. This does not mean that we do not have policy problems, but we can ensure that all Iowans will […]
The Mercatus Center at George Mason University is researching state codes to determine the approximate number of regulatory restrictions. Based on their measurement, Mercatus found that South Dakota was the least restrictive with 44,000 restrictions within their state code, while California had the most with 396,000. Iowa’s state code has 160,000 restrictions – over three and one-half times more restrictions […]
“When I started my business 40 years ago, the regulations I had to follow fit into a binder. Now, I can stack them from the floor to the ceiling.” A longtime business owner near Pella shared this thought recently and while we didn’t actually break out a measuring tape to verify his claim, it is certain that regulations on businesses […]
Certificate of Need laws not only prevent competition but work to limit health care services and increase medical costs for Iowans. The purpose of a Certificate of Need (CON) law is to regulate (limit) health care supply unless a need is determined by a state government agency or board. When CON laws were introduced in the 1970s, it was hoped […]