The annual arrival of the tax filing deadline serves as a stark reminder to Minnesotans that they are overtaxed more than most of their fellow Americans. Earlier this year, we reported on the Tax Foundation’s report that found Minnesota with the fifth-highest tax collection per capita in the U.S. That’s right, only Vermont, California, Connecticut, and Hawaii take more from their taxpayers.
But the wallet grab doesn’t stop with individuals. That’s right, Minnesota ranks a dismal 45th out of 50 states when it comes to business tax climate.
Shifting gears to the south, our friends in Iowa want restraints applied to their local government’s ability to grow. Two-thirds of those surveyed (66.6%) support the legislature setting limits on how much a local government can tax and spend, while nearly as many Iowans (61.3%) would support a constitutional amendment requiring a two-thirds majority of the Iowa legislature to approve any future income tax hikes.
“Given Iowans’ concerns about inflation, taxes and spending, and the cynical view they hold of where our nation is headed, it’s not surprising to see such strong support to limit income taxes and property taxes,” said Iowans for Tax Reform President Chris Ingstad. “Iowans remain committed to fiscal restraint and responsible budgeting.”
Read the complete report below:
The most recent Iowans for Tax Relief Foundation Poll, conducted by Cygnal, shows a majority of Iowans want to see restraints applied to government’s ability to grow. Two-thirds of those surveyed (66.6%) support the legislature setting limits on how much a local government can tax and spend, while nearly as many Iowans (61.3%) would support a constitutional amendment requiring a two-thirds majority of the Iowa legislature to approve any future income tax hikes.
Finances are at the top of mind for voters, as inflation and the cost of living (24.1%) and taxes and government spending (16.3%) were identified as the top two issues Iowans find most important when voting for State Government Officials.
While Iowans were split as to whether things in Iowa are headed in the right direction (47.2%) or off on the wrong track (46.2%), they were overwhelmingly pessimistic about the direction of the United States, with 74.4% of respondents believing our country is on the wrong track. This seemed to be reflected in how Iowans view President Joe Biden, with 65.4% of them holding an unfavorable opinion of the president.
Looking ahead to the 2024 presidential campaigns, a potential rematch of the 2020 election showed Donald Trump (46.4%) was preferred over Joe Biden (40.4%). Similarly, Ron DeSantis (48.4%) was also picked over Joe Biden (38.1%) when Iowans were presented with that match-up.
ITR Foundation President Chris Ingstad said, “Given Iowans’ concerns about inflation, taxes and spending, and the cynical view they hold of where our nation is headed, it’s not surprising to see such strong support to limit income taxes and property taxes. Iowans remain committed to fiscal restraint and responsible budgeting.”
Find ITR’s complete poll results here.
