The White House Office of Management and Budget (OMB) in the now-released President’s Budget is projecting just 0.6 percent in inflation-adjusted real growth of the U.S. economy in 2023 as the unemployment rate is expected to rise to 4.3 percent in 2023 and peak at 4.6 percent in 2024 after the economy is finished overheating from the continued, elevated inflation, consumers max out on credit and spending falls off a cliff.Read More
Commentary: Spending Limits in Iowa Can Provide Property Tax Relief
Property taxes are a concern for taxpayers across the nation. Iowans, just as with many other states, are confronted with skyrocketing property taxes. The reason for high property taxes is local government spending. Spending drives taxes. This is the main reason why past property tax reforms in Iowa have failed to provide relief.
Montana state Rep. Caleb Hinkle understands that spending is driving higher property tax bills. To remedy this solution, he has introduced a local government spending limitation that will help slow the growth of local government spending and provide much-needed property tax relief.Read More