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Budget

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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.

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.”

ALEC’s ‘Tax Myths Debunked’ Misses the Mark

2/11/13

Nothing in Tax Myths actually undercuts any of the analyses or conclusions in Selling Snake Oil. Rather, the authors’ misinterpretation and misuse of our analysis only confirms the shoddiness of the research sponsored by ALEC.

Missed Opportunity for Iowa: Governor’s Address Leaves Fiscal Challenges Unresolved

2/8/13

FOR IMMEDIATE RELEASE TUESDAY, JANUARY 15, 2013 1-page PDF
The Iowa Fiscal Partnership issued the following statement today about Governor Branstad’s Condition of the State address:
“Governor Branstad’s speech today missed an opportunity to bring a spotlight to several critical Read more

IFP News: Selling Snake Oil to the States

11/28/12

States ranked better by ALEC for their policies actually have done worse economically.

Osterberg: Reduced funding impedes DNR’s ability to do its job

7/31/12

DNR staff members work hard with the limited resources they have. Inadequacies at DNR on water-quality enforcement stem from the agency not getting the resources to do its job.

Up and Down: Regents’ Costs Rise, Funding Drops in Iowa

3/8/12

IFP Policy Brief by Andrew CannonPolicy Brief (5-pg PDF)
For decades, general recognition of broad societal dividends from public higher education has driven higher education policy and funding. Generally, those dividends have been thought of in exclusively economic terms: higher Read more

Corporate Taxes and State Economic Growth

12/1/10

Business tax breaks turn out to be an expensive and inefficient way to attempt to stimulate a state economy.