Links of Interest 10-9-20

Governor Kim Reynolds was one of only four governors to receive an "A" on CATO's fiscal policy report card. She has reduced barriers and increased opportunities for Iowans.
- TEF Iowa

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Too much regulation kills middle-class jobs: Increased regulation hurts the very individuals it aims to help. On the other hand, regulatory reform focused on removing unnecessary costs increases economic growth and wages.
- National Review

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Iowa’s financial condition ranks 10th best according to Truth in Accounting. Some states are headed to fiscal ruin.
- Liberty Conservative News

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Iowa GDP down 8% during pandemic. Iowa's economy was buoyed by one sector: finance and insurance. Centered in the Des Moines metro, it saw growth during the quarter.
- DM Register

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Nearly four weeks into the new school year, hundreds of Des Moines students have not yet logged on for a single online class, and even more are not participating daily in all of the classes on their schedule.
- DM Register

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Hey Iowans, that is some of your money. Unions bet federal government 'will bail out New York with massive amounts' of cash.
- Washington Examiner

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Illinois is the nation’s leading fiscal basket case, with runaway pension liabilities and public-union control of Springfield. But it has had one saving grace: a flat-rate income tax that makes it harder for the political class to raise taxes. Now that last barrier to decline is in jeopardy on the November ballot.
- Wall Street Journal (subscription required for full article)

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The federal government ran a budget deficit of $3.1 trillion in fiscal year 2020, CBO estimates, more than triple the shortfall recorded in 2019. Revenues were 1 percent lower and outlays were 47 percent higher in 2020 than they were in 2019.
- Congressional Budget Office

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This is wrong. Since 2004, federal agencies have paid out $1.2 trillion of improper payments to the wrong person, in the wrong amount, or for the wrong reason.
- Forbes

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Under the Biden Campaign's tax plan, Americans at every income level will have a higher effective tax rate in 2021.
- Cato Institute

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Joe Biden wants to re-impose the #Obamacare individual mandate tax on the American people. 75% of Americans hit with the tax made less than $50,000 in a year.
- Americans for Tax Reform

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Pelosi is pushing to extend the $600 supplemental pandemic unemployment program. While American workers should be given assistance, this unemployment program subsidizes welfare overwork.
- Americans for Tax Reform

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