"Iowa now rivals Connecticut," he said about insurance businesses.
On the other hand, when Rubbermaid left the state, he called and asked why they would just up and leave. They didn't want to say. Finally, someone at the company told Chelgren, "Look at your tax code."
Kansas was at 4 percent. Iowa was three times that. Leaving and taking all those jobs was, Chelgren said, an easy decision.
Lowering corporate tax, said Sheets, means revenue in Iowa actually increases. And more jobs means more residents.
Yet Gaskill and some audience members were worried that lower business taxes would mean higher personal taxes.
"I haven't been convinced," said Gaskill. "I think we're at the middle ground" compared to other states as far as how much Iowa taxes companies.
Chelgren did say we have to be cautious not to overtax people, because like companies, people can pack up and leave, too. So retirees being taxed on their pensions may find it wise to move to a warmer, less taxing state.
- Reporter Mark Newman can be found on Twitter @couriermark