Spend less. Tax less.
Smaller government. It’s not complicated.
While talking politics and taxes on his radio show with ITR VP Chris Hagenow this week, Simon Conway said, “Spend less. Tax less. Smaller government. It’s not complicated.”
We agree. It shouldn’t be complicated, but it is. Here are some of Hagenow’s comments and solutions from their discussion:
Two Different Paths
"There is a stark contrast to what you are seeing from liberal leadership at the federal level that has a government solution to every problem and what we are trying to craft at the state level, which is individual opportunity and letting Iowans chart their own destiny and be the authors of their own success. That is the American way and the path to prosperity. I think we are going to see very clearly over the next four years different outcomes. Almost two different paths."
State Income Taxes
"It’s time to enact new, lower tax rates by removing the triggers put in place in the 2018 tax relief bill. Now is the time because we are close enough to the trigger levels and let’s seize this opportunity to give tax relief to Iowans."
Local Property Taxes
"Property taxes are too high, and the property tax system is incredibly complicated as anyone who has looked at their tax statement can see. There are so many different things that push and pull and drive up the bill. There are too many things we fund with property taxes which cause it to go higher. At the end of the day, Iowans need to pay closer attention to what happens at the local level. All this time is spent focusing on national elections and state elections. The turnout needs to be higher in local elections where a lot of these decisions are made. There is a lot of opportunity to really impact your own tax burden at the local level. Iowans need to show up."
What Can We Do?
"As frustrated as you might be with elections, you can’t sit it out. You have to show up. You have to make your voice heard. That is how the system works. The hills that you have to climb to make a difference seem very steep, but there isn’t an alternative."
When people inherit assets like land or a small business, they could potentially be forced to sell off pieces of the land or of the business in order to pay the taxes on it. Which is the opposite effect that good tax policy should have.
Kim Reynolds wants more tax cuts, and she wants to do that by removing the 'triggers.' What does that mean? - DM Register
"A small business owner should have the right to pass their business down to anyone willing to keep the business and the jobs that go along with the business open without a massive tax bill attached to it." Matt Everson, NFIB - The Iowa Standard
Even Senator Janet Petersen (D) supported the inheritance tax repeal and believes it should go into effect as soon as Gov. Kim Reynolds signs it and not wait until the new fiscal year. - Iowa Torch
Iowa should eliminate barriers to open enrollment. When schools must compete to attract and retain students, their offerings generally get better, as do their outcomes. - Iowa Field Report
Five reasons to oppose Biden's plan to raise the corporate tax rate - ATR
The woman who made Bernie's mittens: "I don’t have much of a mitten business anymore because it really wasn’t worth it. Independent crafters get really taken for a ride by the federal government. We get taxed to the n-th degree, and it wasn’t really worth it."