Des Moines —
Fortunately, our strong budget gives us the flexibility to make progress on these critical needs and provide some tax relief.
First, we must keep our reserve funds full in the event of another economic downturn or lingering drought. Second, we should provide significant, targeted property tax cuts to Iowa businesses without giving over-sized tax breaks to out of state, big box stores that won't use the money to help our local economy. We should also target tax relief to the middle class through incentives like the Earned Income Tax Credit which give working families a boost.
Finally, it's time to invest in our people and make sure we can compete in today's global economy. It starts with a high-skilled workforce that never stops learning, a strong ag economy, and a solid infrastructure for the 21st Century.
While it won't be easy, we need to work together and use our state surplus wisely. It's an opportunity we can't afford to miss - or squander.