Iowa Fiscal Partnership / Articles by: Iowa Fiscal Partnership
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Research Archives for 2013

Expanding Iowa’s Earned Income Tax Credit

5/15/13

IFP Backgrounder Helping to Fill Gap between Income and Basic Needs for Working Families
Policy Brief (2-pg PDF) April 5, 2013
The Iowa General Assembly is once again considering expanding Iowa’s meager Earned Income Tax Credit (EITC). The Cedar Rapids Read more

How the EITC Hits Home

5/14/13

In over 200,000 Iowa households, working families are helped by the federal Earned Income Tax Credit. Iowa’s state EITC extends the benefit and lessens the likelihood that a low-income family will have to pay state income tax when they don’t make enough to pay federal income tax. The state EITC is 7 percent of the federal credit, and it is refundable.

Fisher: With economic development, some bad ideas never die

4/29/13

Local government officials are determined to force development to happen when it can’t stand on its own, creating oversupply that hurts existing businesses. Or the private sector happily rakes in all the new incentive cash to do something it would have done anyway.

Reducing Iowa Commercial Property Taxes

4/24/13

Both proposals are costly, so they affect state services to residents, and both play to a myth about Iowa taxes on business, which are below business taxes in most states already.

Amid Plans to Relax Limits, Business Tax Credits Grow

4/16/13

Tax expenditures have the same overall impact on state budget choices as do direct appropriations.

Owen: State approaches incentives in upside-down fashion

4/3/13

The world is upside down when state subsidies of business are presumed to be essential, and when a leading newspaper criticizes those who dare to question it.

Owen: No proof state benefits from business giveaway

3/30/13

By Mike Owen, Iowa Policy Project
It’s time for a little accountability.
Carrie Norris’ guest column (“Development initiatives have strengthened economy,” March 27) echoes business lobby cheerleading for Iowa’s research activities credit (RAC). Norris, president of the Homebuilders Association of Read more

A $40 Million Budget Hole: Persistent and Growing

2/25/13

This tax credit is used relatively little in the way one might expect of a tax credit: to reduce taxes. Rather, the credit is used mostly to provide subsidies, sometimes in the millions of dollars, to corporations that actually pay little or no income tax.

Fisher: Heightened concern about business tax incentives

2/24/13

By Peter Fisher, Iowa Policy Project
Headlines in last weekend’s editions of The Gazette say so much: •  “State leaders didn’t do their homework” (Feb. 16 column by Jennifer Hemmingsen). •  “State’s business lures don’t measure the net catch” (Feb. Read more

IFP News: Iowa Paid $33 Million in Research Checks in 2012

2/15/13

“This report is the latest evidence of the need for reform of this poorly named ‘tax credit,’” said Charles Bruner, executive director of the Child & Family Policy Center. “The credit is used less to reduce taxes than to provide straight subsidies to big companies through the tax code, outside the budget process.”