BCRA hits seniors, rural Iowans
New analysis shows Senate health care bill, like House-passed plan, gives big tax breaks to the wealthy as an estimated 232,000 Iowans ...
AHCA would hit Iowa hard
Coverage losses in House AHCA sets low bar for Senate, White House; AHCA would impose dramatically higher costs for Iowa and Iowa residents News ...
SNAP: Another huge cost shift?
Trump administration budget would dump $127 million in SNAP costs on Iowa in 2023 FOR IMMEDIATE RELEASE TUESDAY, JUNE 13, 2017 SNAP plan imposes ...
Kansas experiment yields valuable lessons
GUEST BLOG By Heidi Holliday, Kansas Center for Economic Growth You’re welcome, America. Our state, Kansas, just wrapped up a five-year experiment in governance from ...
BCRA hits seniors, rural Iowans
1AHCA would hit Iowa hard
2SNAP: Another huge cost shift?
3Kansas experiment yields valuable lessons
4About IFP
The Iowa Fiscal Partnership is a joint initiative of two nonpartisan organizations, the Iowa Policy Project and the Child and Family Policy Center, providing reliable information and analysis on Iowa budget and tax issues.
 |
 |
Learn about us and find out how to donate to our work for all Iowans.
 |
 |
 |
No income taxes, big checks from the state
Large, profitable corporations receive checks from the state without paying any Iowa income tax through Iowa’s Research Activities Credit (RAC). The latest annual report from the Department of Revenue on the RAC shows about 300 corporate claims worth $49.1 million from the program in 2016. More than $4 of every $5 from this subsidy — $40.4 million — was paid out as checks, not as tax reductions.