Iowa Proves It: Conservative Budgeting & Pro-Growth Tax Policy Works – RealClearPolicy

"Iowa was one of 11 states that enacted tax reform this year. A crucial component of the 2021 tax reform law, besides phasing out the inheritance tax, was eliminating the income tax triggers that were put in place in 2018 to lower the income tax."
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
nixit
4 years ago

Just a year ago, Fair Tax supporters pointed to Iowa’s top income tax rate of 8.53% as if to say, “See how much higher our neighbor’s taxes are compared to our proposed rates?!” Now Iowa’s top rate is slated to decrease to 6.5% in about a year, lower than the top brackets of the Fair Tax. My, how narratives change.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE