Iowa Fiscal Partnership / 2010
Research Archives for 2010
Business tax breaks turn out to be an expensive and inefficient way to attempt to stimulate a state economy.
Iowa’s small businesses and their employees stand to gain in obtaining affordable health insurance through provisions in the Affordable Care Act.
Through a largely closed-door legislative process, legislators crafted a bill without public testimony or expert review and makes very minimal changes to current law. While the Governor called for action on the Tax Credit Review Panel’s recommendations to build $52 million in savings into his proposed Fiscal Year 2011 budget, the legislative package rejects almost all of that panel’s recommendations.
It is critical to establish a credible way to estimate economic activity produced by any economic development program — and the degree to which the activity would have occurred anyway.
“The Governor’s Tax Credit Review Committee … took an important step to make Iowa business subsidies more accountable and transparent.”