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Research Archives for 2018

Plugging loopholes could boost revenue

3/27/18

Unlike a tax increase, combined reporting is an accountability tool assuring a state can enforce its existing tax code against tax-avoidance gimmicks.

Enhancing tax fairness for families

3/27/18

While the federal tax code works to support working families with children in making ends meet, current Iowa tax law often does just the opposite.

Perils of a constitutional convention

3/21/18

Resolutions now before the Iowa Legislature — ostensibly for specific purposes — actually could put our entire Constitution at risk.

Taxing seniors: Retirees benefit already

3/21/18

Seniors are least likely to live in poverty and most likely to have substantial wealth, but legislators keep looking for ways to cut their taxes.

Passing through a special break

3/19/18

A special federal tax break for business income claimed for personal income tax purposes is complicated, poorly understood, and costly — and now it’s being considered by Iowa state lawmakers.

Leveling sales-tax playing field

3/14/18

While sales tax has remained important to state and local revenues, tax policy in Iowa has not kept up with changes in the economy, particularly with online and remote sales. The Governor’s tax plan would modernize that element — but other changes could ease Iowa’s overall regressive tax structure.

Costly frills: Extending 529 deduction

3/13/18

The proposed expansion of Iowa’s 529 program adds administrative complexity, reduces revenue for other needs, and disproportionately benefits high-income families.

Setting the stage for cuts

3/8/18

The plan includes some desirable reforms that need not have come at the expense of essential public services that inevitably will have to be cut in the face of revenue losses. It also omits reforms that could enhance Iowa tax fairness. 

IFP News: Governor’s tax cut plan sets stage for service cuts

3/7/18

Governor Kim Reynolds’ tax proposal trades massive cuts in public services for small savings for lower-income taxpayers, larger savings for high-income taxpayers and few meaningful strides toward fairness in a system that already treats the poor poorly and raises too little revenue to avoid mid-year cuts.

Tax Policy Kit — Myth-Buster

3/5/18

Iowa is already competitive on its tax policies.