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Taxes

All Taxes Reports

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.

Senate: Rising inequity, less revenue

2/28/18

Overall the Senate plan would erode revenues, create structural budget deficits for years to come, and force cuts certain to imperil Iowa’s basic infrastructure and traditionally accepted responsibilities for its residents.

Cliff ahead: Learn from Kansas

2/22/18

Despite chronic revenue shortfalls that have forced a series of mid-year budget cuts, senators are moving a tax-cut bill forward without even an analysis of its impact.

Give tax plans full review

2/21/18

Neither fairness nor adequate funding of state services appear to be the focus of either bill, but let’s give serious analysis a chance.

Big companies erase Iowa taxes — take millions in state checks

2/15/18

Iowa’s lucrative research subsidy cost Iowa taxpayers $66.1 million in 2017, with very large companies once again the biggest beneficiaries and taking at least $38 million in checks from the state without paying any state income tax.

Governor’s budget: More details needed

2/13/18

IFP Statement — IPP’s Peter Fisher: Eliminating federal deductibility and adding sales tax for online sales are good starts, but many reasons to question Governor Reynolds’ plan.

Kansas poses warnings for Iowa

1/24/18

IFP News:
Failed tax-cut experiment shows states how not to proceedNew report exposes the danger of supply-side tax-cutting by states

 
IOWA CITY, Iowa (Jan. 24, 2018) — A new report shows Iowa lawmakers should pay attention to the failed Read more

Opportunity missed in ‘unleashing opportunity’

1/10/18

We start off the legislative session not knowing where the funding will come from to maintain the services we have, with legislative leadership locked into an agenda to drive down those services, and no real sense of how the Governor will protect long-held priorities​ of Iowans.