Corporate Taxes

All reports by date

State Policy and Economic Growth


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.

IFP News: Statement on Governor’s Address


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

Iowa Budget Dilemma for 2014


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.

Amid Plans to Relax Limits, Business Tax Credits Grow


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

A $40 Million Budget Hole: Persistent and Growing


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


“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


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.

Johnson County Examples Illustrate Problems with TIF


New Report Recommends Statewide Reforms to Stop Abuses
Full report plus executive summary (15-pg PDF) November 21, 2011Executive summary (2-pg PDF)Appendix (Maps by community) (9-pg PDF)News release below (2-pg PDF) 
IOWA CITY, Iowa — Poorly understood, hotly debated and often Read more

Corporate Taxes and State Economic Growth


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

Tax Credit Reform Glass Half-Full? Maybe Some Moisture


Through a largely closed-door legislative process, legislators crafted a bill without public testimony or expert review and makes very minimal changes to current law. While the Governor called for action on the Tax Credit Review Panel’s recommendations to build $52 million in savings into his proposed Fiscal Year 2011 budget, the legislative package rejects almost all of that panel’s recommendations.