ALEC in the Sioux City Journal: Iowa Gov. Reynolds’ Tax Reform Ideas are Pro-Growth
In a recent op-ed, ALEC EVP of Policy and Chief Economist Jonathan Williams and John Hendrickson from the Iowans for Tax Relief Foundation discussed Governor Kim Reynold’s plan for tax reform in Iowa. The op-ed was published in the Sioux City Journal, The Gazette, The Iowa Torch and The Center Square.
Iowa is in a strong position to enact substantial pro-growth tax reform in 2022. As a result of years of fiscal conservatism, Iowa’s fiscal foundation is sound. In her Condition of the State address, Gov. Reynolds proposed a comprehensive tax reform plan that calls for a 4% flat personal income tax by 2026, gradually reducing the corporate tax to 5.5%, and repealing state taxes on retirement income. These are ideas that would substantially improve Iowa’s economic outlook.