Iowa Continues Prudent Spending with FY 2025 Budget
Officials demonstrate fiscal restraint even as they continue to up the state’s investment into education and healthcare. The passage of the appropriations bills that make up the Fiscal Year (FY) 2025 budget marked the final major legislative action of the session. Since spending is the primary driver of public policy,…
Pro-Growth Policies and Conservative Reforms Stand Out in Session Recap
“The headline of this session is simple: Iowa’s income tax rate will be the 6th lowest in the country…” The Iowa legislature has adjourned, and this session has resulted in some important pro-growth policy victories that provide further tax relief to Iowans, while also making Iowa’s economy more competitive and government…
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About ITR Foundation
Let’s be honest, big government is big bureaucracy, and common sense tells us big bureaucracy is ineffective. That’s why ITR Foundation works to:
- Research principled solutions
- Educate Iowans about our solutions
- Activate Iowans in support of our solutions
By applying the principles of limited government, free enterprise, and the rule of law to public policy, we can ensure all Iowans will have the opportunity to succeed.
Making a Difference
ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa:
- Increased property tax transparency and spending restraint
- A 3.9% flat individual income tax rate by 2026
- Elimination of income taxes on retirement income
- Elimination of inheritance tax
- Creating a path to reduce corporate income tax to 5.5%
- Phasing-out special tax incentives in the corporate tax code
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Recent Posts
Iowa Taxpayers Win Big at the End of 2024’s Session
The last several elections demonstrate that Iowans support the tax relief efforts of Governor Reynolds and those legislators who have voted to cut taxes. Iowa’s legislature continued the tax cut…
Local Government Guaranteed Income Programs to be Banned
This legislation properly reminds Iowa cities and counties of their expected role, while protecting property taxpayers from funding a flawed poverty prevention program. Taxpayers across Iowa were provided with another…
Push for Judicial Independence Gains Momentum in Indiana
The Iowa Legislature could reinforce the integrity of our legal system and uphold the tradition of impartial decision-making, essential for maintaining public trust. Iowa lawmakers are considering ways to reduce…
Iowa Taxpayers Deserve Constitutional Protection
This article was published in the Des Moines Register and The Gazette. With constitutional protection, if a future legislature wanted to increase the income tax, then it would have to…
Iowa’s Fiscal Year 2025 Budget Begins to Take Shape: Spending Will Determine Future Tax Relief
The goal of the FY25 budget should be to reflect the average taxpayer’s ability to pay for the budget. Sound tax policy begins with conservative budgeting. Last week both the…
A Solution for Low Turnout Making Long-Term Decisions
In March 2024, some local elections saw voter turnout as low as 1.9% but decided matters voters won’t be able to revisit for decades. Many special elections decide financial questions…