Letter to the Editor: Economics 101

To the Editor:

Ann Fields gets a letter grade of “F” in Economics 101 for her letter of March 9. She claims that everyone will have less with the new tax policy recently signed by Iowa’s governor. Ms. Fields fails to recognize that if Iowans are paying less income tax they automatically have more money available for their own personal needs.

Nor does she acknowledge that the State currently has a budget surplus that can be spent to cover any unexpected expenses on the part of the State. It appears to me that the legislators, who represent us, have done a great job in keeping spending under control, thus accounting for the current budget surplus. We should be applauding those efforts and remind our Federal Government that Iowa is a great example for fiscal responsibility.

Ms. Fields claims that cuts will have to be made in certain programs without providing any facts to sustain that argument. Ms. Fields seems to be part of that group that believes only the State (Big Government) can spend your money in the best way possible. They ignore the fact that with more money in the hands of individuals, that money will probably flow back into the economy and create more wealth and thus more revenue for the state. That is how Capitalism works.

Iowa is setting a great example for the rest of the nation. We have a very high level of employment, low unemployment, steady growth of the economy and an overall strong economy.

We are facing some real financial problems, as individuals, due to goofy policies by the current administration in Washington which gave up our energy independence to the radical leftists promoting the Green New Deal. I wonder if Ms. Fields enjoys paying over $4.00 per gallon of gasoline. I know the farmers will be struggling this year due to the fiscal policies from Washington that are dragging us all down. And I am sure she will enjoy having more money in her own household to cover the inflationary costs created by the current Washington administration.

We need to applaud our governor and all of those representing us who have made this new tax policy possible.

Lowell L. Engle
Harpers Ferry