Veto words ‘ring hollow’

Veto words ‘ring hollow’

‘Governor Branstad’s words ring hollow in his decisions to cut education funding and to prevent greater access to child care assistance.’ IOWA CITY, ...

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More for Millionaires, Part II

More for Millionaires, Part II

Flat-Tax Option Grants Most of Benefit to Minority of Iowa Taxpayers — Plus Out-of-State Millionaires PDF (2 pages) Department of Revenue estimate — tax plan choices ...

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More Millions for Millionaires

More Millions for Millionaires

IFP POLICY BRIEF / Flat-Tax Option Showers Benefits at High Incomes — Services Face New Cuts 2-page PDF   By Peter S. Fisher Tax legislation ...

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Iowa’s Problem of Priorities

Iowa’s Problem of Priorities

IFP BACKGROUNDER /  Costly Business Property Tax Cut Excessive — Hurts Family, Kids’ Services  2-page PDF  Tax cuts have consequences. In the case ...

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Veto words ‘ring hollow’

Veto words ‘ring hollow’

1
More for Millionaires, Part II

More for Millionaires, Part II

2
More Millions for Millionaires

More Millions for Millionaires

3
Iowa’s Problem of Priorities

Iowa’s Problem of Priorities

4
  • About 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

    Table3-RACrecip-240

    More companies are benefiting from a lucrative tax subsidy that permits large, profitable corporations to get checks from the state without paying any Iowa income tax. The latest annual report from the Department of Revenue on the use of the Research Activities Credit (RAC) shows that 248 companies claimed $51 million from the program in 2014, one-third more than the highest number of companies in the last five years. Most of the credit claims — $34.8 million, or 68 percent — were paid out as checks, not as tax reductions.

    Iowa continues to give a lot of money to companies that aren’t paying income tax.

    Read our report

     

  • Our Work

    Iowa’s low business taxes
    Iowa taxes that fall on businesses are lower than the national average — with the corporate income tax rate lower than all but 14 states. Not that you hear that very often in political debate.
    Read this report

    SNAP
    Almost 200,000 households in Iowa benefit from Food Assistance.
    Read this report