Independent Analysis and Information on Iowa Tax and Budget Issues

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IFP Statement

Fill in blanks with TIF reform, EITC boost, preschool investments

FOR IMMEDIATE RELEASE, TUESDAY, JANUARY 10, 2012

IOWA CITY, Iowa (Jan. 10, 2012) — The Iowa Fiscal Partnership issued the following statement today about Governor Branstad's Condition of the State address:

“The test of this legislative session will be how lawmakers fill in the blanks left by the Governor's address,” said Peter Fisher, research director of the nonpartisan Iowa Policy Project and co-director of the Iowa Fiscal Partnership.

“No discussion of property-tax reform is comprehensive unless it includes significant reform of tax-increment financing (TIF) and also recognizes the overall low tax rates in Iowa on business.

“The No. 1 need for tax reform is in helping working families, and that starts with a significant improvement in the Earned Income Tax Credit (EITC). The Governor did not mention this, and lawmakers need to assure that this happens.

“Finally, creating new jobs begins with a strong educational system. For a competitive workforce and economy, a strategic focus on educational progress means more than a nod to preschool. Investments in this area are critical to achieve the literacy goals the Governor has set.”

The Iowa Fiscal Partnership is a joint public policy analysis initiative of two nonpartisan, Iowa-based organizations, the Iowa Policy Project in Iowa City and the Child & Family Policy Center in Des Moines.

A joint effort of the Iowa Policy Project and the Child & Family Policy Center (logos).