The Economy

All reports by date

Leveling sales-tax playing field


While sales tax has remained important to state and local revenues, tax policy in Iowa has not kept up with changes in the economy, particularly with online and remote sales. The Governor’s tax plan would modernize that element — but other changes could ease Iowa’s overall regressive tax structure.

Setting the stage for cuts


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. 

Senate: Rising inequity, less revenue


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


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


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


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


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

‘Tis the season of giveaways


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.

Senate plan hurts poor, middle


When you look beyond the early years of this plan, you see that low- and middle-income Iowans are whacked by this plan in 2027.

Tax Foundation’s Waste of Time Index


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