Governor Kim Reynolds’ senior economic advisor, Tim Hinson, and State Representative Peter C. Corkery recently spoke at a virtual event hosted by the Greater Des Moines Partnership to discuss their visions for Iowa’s economy and tax policy. Hinson outlined the state’s economic growth during the pandemic and emphasized the importance of tax policies that attract and retain businesses. He also highlighted Iowa’s low unemployment rate compared to the national average.
Corkery, who serves on the House Ways and Means Committee, discussed his perspective on tax policy and the need for balanced tax relief for both businesses and individuals. He emphasized the importance of creating a competitive business environment that encourages growth and investment.
The speakers also addressed the issue of tax credits and incentives, with Hinson expressing the need for a comprehensive review of these programs to ensure they are having the intended impact on Iowa’s economy. Corkery echoed this sentiment, stating that tax credits should be evaluated based on their effectiveness in creating jobs and driving economic development.
Both Hinson and Corkery emphasized the importance of collaboration between state government and the business community to drive Iowa’s economic growth. They encouraged businesses to engage with policymakers and provide feedback on tax policies to ensure they are beneficial for all stakeholders.
Overall, the event provided valuable insights into Iowa’s economic vision and tax policy priorities. The speakers’ discussion highlighted the state’s efforts to support businesses and promote economic growth, while also emphasizing the importance of policies that benefit both businesses and individuals. As Iowa continues to navigate the economic challenges posed by the pandemic, the insights shared by Hinson and Corkery will be crucial in shaping the state’s economic future.
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