NFIB, or the National Federation of Independent Business, has over 12,000 members in Iowa, nearly 300,000 members nationwide and a presence in all 50 states. 95% of NFIB Members have 10 employees or less and represent every industry from family farms to manufacturers and small-town store fronts. Small business
owners are job creators who employ nearly 650,000 people in Iowa.
1. Property Tax Reform
- Property taxes in Iowa are too high, uncompetitive, and 120% more today than 20 years ago.
- Out-of-control city and county budget increases along with unfair tax exemptions create an unsustainable property tax climate that continues to shift the burden of paying for essential public services onto the backs of small businesses and their employees.
NFIB is urging Iowa Legislators to look at ways to rein in city and county budgets, limit property tax exemptions, and equalize the playing field for ALL property taxpayers in Iowa.
2. Income Tax Reform
- One of the top priorities for NFIB members continues to be the lowering of Iowa’s personal income tax rates.
- The best and most fair way to give every small business and their employees more of their hard-earned money while ensuring continued economic growth in Iowa is through personal income tax cuts.
NFIB is urging Iowa legislators to maintain a fiscally responsible budget, ensure that future ncome tax reductions remain on track, and continue to find ways to lower and eliminate Iowa’s personal income tax rate.
3. Regulatory Reform
- Too many regulations drive up the costs of doing business beyond what is reasonable to protect health and safety, and those costs hinder economic growth and increase prices for consumers.
- Iowa’s Administrative Code has ballooned to more than 20,000 pages and 190,000 restrictive terms. Many of these rules are outdated and unnecessary.
NFIB is urging Iowa legislators to streamline government regulations to break the financial and time-consuming barriers for those who want to work and do business in Iowa.
