The economic turmoil caused by COVID-19 destroyed many state budgets. To fix the holes, some elected officials are trying to squeeze every last dollar out of taxpayers.
But not Iowa.
In recent years, Iowa maintained a strong and responsible financial position while still funding its budget priorities. Simply put, Governor Kim Reynolds and the legislature have kept our state living within its means.
Their forethought paid off when tough times hit.
Going into the pandemic, Iowa’s reserve funds were full, and our state was ranked as one of the best in the nation to weather the storm. Iowa was put in that position by years of responsible spending and not raising taxes.
It’s all about spending restraint.
History has shown after someone is elected to office, they find it way too easy to spend other people’s money. By controlling the desire to spend, Iowa hasn’t had to develop new tax schemes to keep the budget above water, even during a pandemic.
Other states could learn from Iowa’s example.
They don’t need to rely on experts or financial analysts. Instead, look at what other states are doing:
- Illinois has a big tax increase on their ballot tomorrow
- New York is begging the federal government for a multi-billion dollar bailout
- Virginia is considering tax increases next year
- California has California ideas, and they are not taxpayer-friendly
What’s next?
Our state’s current leadership knows Iowans have already sacrificed enough because of COVID-19, and they aren’t going to ask us to send an even bigger check to Des Moines next year.
Governor Reynolds and the legislature have proven it’s time to reform Iowa’s tax code by significantly reducing tax rates.
If you haven’t done so already, VOTE!
Your vote will impact Iowa’s spending decisions for years to come. Vote wisely, so we can keep the money where it belongs: in Iowan’s bank accounts.
