Iowa Fiscal Partnership / Areas of Research / Taxes / Loopholes and Giveaways
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Loopholes and Giveaways

All reports by date

RAC: Biggest players win big

4/4/18

Do these highly profitable companies need state subsidies? Would Iowa legislators choose these subsidies over funding for education, human services and public safety?

Plugging loopholes could boost revenue

3/27/18

Unlike a tax increase, combined reporting is an accountability tool assuring a state can enforce its existing tax code against tax-avoidance gimmicks.

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.

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.

Sensible improvements for Iowa taxes

10/19/17

Real tax reform would eliminate wasteful spending on tax breaks, transform a regressive system into one that fairly reflects ability to pay, and assure a stable revenues to fund education and other critical services.

Tax Foundation’s Waste of Time Index

10/17/17

All of the same problems remain with the Tax Foundation’s unreliable comparison of state business tax “climates.”

Rosy forecasts bring thorny budgets

6/6/17

Odd that Governor Branstad, burned so early in his tenure by overly rosy revenue estimates, would let this happen to his very own lieutenant governor as she took office.

Connecting the dots: Tax breaks and school funding

11/18/16

What legislators pleading low revenues seldom admit is that their dilemma is largely self-inflicted. Revenues given away are revenues that cannot be used to invest in schools.