| Here's a Hint: It's Not Working Families |
It's Christmas for Walmart and McDonald's, which will happily receive property-tax breaks that they don't need, while their low-wage employees receive a better Earned Income Tax Credit. Business tax benefits in the deal are 10 times the benefits to working families from the EITC.
Read IFP statement from Peter Fisher 5/16/13
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| Property-Tax Cut Plans Affect Big, Small Businesses Differently |
Property-tax reduction plans in the Iowa House and Senate are costly to local and state services and offer an unnecessary break to businesses.
Read IFP news release or report 6-pg PDF 4/24/13
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One out of every six Iowa households benefits from the federal EITC, bringing $412 million into the state economy in 2010 alone. The greener the spots on the map at right, the greater the use of the credit.
Read IFP backgrounder 5/14/13 NEW!
How much working families need a boost from the Earned Income Tax Credit (EITC) can be seen in light of the actual costs of raising a family in Iowa.
Read IFP backgrounder 4/5/13
Click here for more information about the EITC — how it works and how it's used in Iowa
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The continued growth of Iowa’s business tax expenditures is largely the result of new or expanded credits, increased spending without accountability, sizable uncapped credits and limited review by lawmakers.
Read IFP policy brief or download 5-pg PDF 4/16/13
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A new report explains why two areas of Governor Branstad's “Healthy Iowa Plan” make it unlikely to be approved by federal officials.
Read the IFP policy brief by Mary Nelle Trefz (7-page PDF) or our news release 3/21/13 NEW!
“We know that for low-income individuals, cost-sharing and premiums are a significant barrier to maintaining coverage.”
— Mary Nelle Trefz, Iowa Fiscal Partnership.
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The annual debate about commercial property taxes in Iowa is under way, and once again the discussion ignores the larger picture — that overall business taxes in Iowa are below average among states — and fails to consider reforms that should be addressed first.
Read the IFP policy brief by Peter Fisher or download 2-pg PDF 2/28/13
“If Iowa is to make changes in its property tax treatment of commercial and industrial property, the first thing it should do is look to finance the cost of these changes through closing existing tax loopholes and subsidies.”
— Peter Fisher, Iowa Fiscal Partnership.
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An annual report on the state's Research Activities Credit shows big companies get big tax breaks from the state for research activities, but much is left to ponder. Would they do the research anyway? And which ones aren't paying any income taxes while picking up $33 million in checks?
Read IFP backgrounder 2/25/13
Read Peter Fisher's guest opinion in the Cedar Rapids Gazette 2/24/13
Hear Mike Owen's interview on KVFD's Devine Intervention program 2/20/13
Read IFP news release 2/15/13
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A new national report shows Iowa taxes — like those in most states — are much greater as a share of income from middle- and low-income families than from wealthy families.
Read IFP news release 1/30/13
Also see Iowa fact sheet (2-pg PDF) with map at right and district impacts 1/30/13
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A new study finds that state tax and regulatory policies recommended by the American Legislative Exchange Council (ALEC) fail to promote stronger job creation or income growth, and actually predict a worse performance.
Read full report PDF or news release 11/28/12
ALEC is defending its shoddy analysis; our experts show why they're wrong.
Read backgrounder or as 3-pg PDF 2/11/13 NEW!
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Governor Branstad’s Condition of the State address missed an opportunity to bring a spotlight to several critical issues, including greater accountability on corporate tax breaks.
Read the IFP statement by Peter Fisher or download 1-pg PDF 1/15/13
“Corporate tax credits in Iowa are excessive and unaccountable, and the Governor did not offer a solution to the giveaway mindset that dominates Iowa public policy toward corporations."
— Peter Fisher, Iowa Fiscal Partnership.
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Decisions in the lame-duck session of Congress can have big impacts on children in Iowa and across the country as lawmakers hammer out differences on nutrition assistance — including Food Stamps — that were evident between House and Senate versions of the Farm Bill.
Read IFP policy brief or download 3-pg PDF 11/13/12 NEW!
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Extending tax breaks for 40 Iowa families inheriting multimillion-dollar estates is a bad idea, especially when combined with other proposals that would end tax improvements used by over 86,000 families just to get by.
Read IFP news release or download 1-pg PDF 10/16/12
“It’s not fair, it’s poor fiscal policy and it’s not good for the economy."
— David Osterberg, Iowa Fiscal Partnership.
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New Census data illustrate stubborn issues for Iowans in gaining health insurance coverage and better incomes, and breaking free of poverty.
Read IFP news release or download 2-pg PDF 9/12/12
"When over 300,000 people cannot get health insurance in our state, it is no time to be turning back efforts to increase access."
— Peter Fisher, Iowa Fiscal Partnership.
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| Commitment in Question: Iowa Falls Short on Education, Water Quality Funding |
Iowa lawmakers took few strides in 2012 toward catching up on long-missed funding commitments to priority Iowa issues in higher education and water quality.
Read Higher Education backgrounder 6/26/12
Read Water Quality backgrounder 6/26/12
Read news release 6/26/12
2012 Legislative Session Reports:
Early Childhood Education Funding
Read policy brief or download 5-pg PDF 4/19/12
Read news release or download 2-pg PDF 4/19/12
Tuition Aid Funding
Read policy brief or download 6-page PDF 4/12/12
Read news release or download 2-page PDF 4/12/12
Community College Funding
Read policy brief or download 4-page PDF 3/22/12
Read news release 3/22/12
Regents Funding
Read policy brief or download 5-page PDF 3/8/12
Read news release 3/8/12
Water-Quality Funding
Read Iowa Policy Project paper (9-page PDF) 3/1/12
Read news release 3/1/12
In General, Serious Questions About Iowa Priorities
Budget-making season is upon us — even though it doesn't seem that long ago that Iowa lawmakers last passed a budget after the marathon 2011 session. Context of Iowa budget trends of recent years might be helpful as decisions are made.
Read Andrew Cannon's policy brief or download 12-page PDF 2/7/12
Read news release or download 2-page PDF 2/7/12
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The most significant accomplishment HF2460 offers is better accountability and transparency. In terms of changing the actual practice of TIF, however, the bill is a disappointment.
Read our Iowa Fiscal Partnership backgrounder or download 2-page PDF 5/17/12 LATEST!
Why slapdash changes carrying a "reform" label are not enough.
Read our Iowa Fiscal Partnership backgrounder or download 2-page PDF 3/29/12
Abuse of tax-increment financing by cities is a statewide problem.
Read IFP Summary of TIF situation in Iowa
Polk County and Johnson County provide case studies of the need for reform.
Read Polk County report (8-page PDF) 3/15/12
Read news release or 2-page PDF
Read Johnson County report (15-page PDF) or executive summary (2-page PDF) 11/21/11
Also see report appendix (maps) or news release 11/21/11
View Johnson County forum on TIF reform, or view slides from Peter Fisher's presentation 1/4/12
“TIF has been allowed to degenerate to the point that many cities view a TIF area as a perpetual cash cow to finance a wide range of city operations that have nothing to do with economic development.” — IFP's Peter Fisher
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