Research Archives for 2014

Both Deere & Co. and Rockwell Collins have more than $50 million in benefits from this subsidy over the last four years. In 2013, there were 140 corporations that received so-called “refunds” even though they paid no state income tax.

Public investments require public funding. And therein lies the rub. A continual diet of tax cuts deprives state and local governments of the ability to adequately fund public services.

Iowans cannot afford new raids on the General Fund when many public services have not been restored to pre-recession levels.

Iowa lawmakers must recognize the long-term impact of tax cuts on spending choices. Past choices will force future legislatures to lower investments on critical services on which economic growth depends.