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Income Taxes

All reports by date

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.

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.

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.

‘Tis the season of giveaways

12/20/17

The tax bill puts the rhetoric of politicians and economic charlatans to the test — a test of trickle-down economics. It has never worked and will fail again.