Begun as an effort to help startup businesses in research, Iowa's lucrative Research Activities Credit program once again is shown — in an official state report — to be a boon to large, profitable companies that pay no state income tax.
Iowa Fiscal Partnership news release 2/15/2018 LATEST!
IPP’s Peter Fisher notes Governor Reynolds’ tax plan reinforced her commitment to eliminate federal deductibility, which has long distorted a clear picture of what Iowans pay in income taxes. But it also raises serious questions about fairness and adequate revenues when Iowa's system is already unfair, and not meeting critical needs.
Iowa Fiscal Partnership statement 2/13/2018
Under the Affordable Care Act, a significant expansion of Medicaid brought health coverage to an additional 150,000 low-income adults in Iowa. An infusion of federal dollars — $730 million in 2015 — has provided a huge boost to the state’s economy, creating over 10,000 jobs and over $500 million in annual income to Iowans.
Iowa Fiscal Partnership brief by David Swenson and Peter Fisher 2/12/2018
Twenty-nine states — including five of Iowa's neighbors — now have a minimum wage that exceeds the federal. In 18 states, workers just got a raise because the state minimum is indexed to inflation. Meanwhile Iowa’s low-wage workers continue for 10 years running to see their wages eroded by inflation, with no relief in sight.
Guest opinion by Peter Fisher in the Cedar Rapids Gazette 2/4/2018
Why low-wage proponents get it wrong.
Iowa Policy Points post 2/12/2018
Iowa should consider major policy changes including a moratorium on new concentrated animal feeding operations (CAFOs) that pose growing environmental and health challenges. A new report also recommends revising the failing Master Matrix.
Full report 1/25/2018 NEW!
Executive summary or PDF (2 pages) 1/25/2018
News release 1/25/2018
Governor Kim Reynolds delivered her first Condition of the State address, but delivered few details to show how Iowa will keep its responsibilities to working families, education and clean water.
Iowa Fiscal Partnership statement 1/10/2018
Iowans long took for granted a strong and ongoing commitment to local schools. That is increasingly threatened by budget choices and options being considered at the Statehouse.
Iowa Fiscal Partnership backgrounder 1/8/2018
Five years later, the Kansas experiment of drastically cutting taxes to promote economic growth has proved to be a dramatic failure.
Peter Fisher guest opinion in CR Gazette 1/7/2018
As Iowans look ahead to potential changes in the state’s tax structure, there are areas clearly ripe for reform to assure better fairness and revenue adequacy, often without raising taxes or rates.
Iowa Fiscal Partnership backgrounder 10/19/2017
Our senators should have warned us what the 2017 tax bill will actually do. Instead, both Senator Grassley and Senator Ernst are selling only cherry-picked data molded into a messy ball of spin and trickle-down economics, bereft of full context or history.
Iowa Policy Points post 12/29/2017
Congress is making a deficit-compounding giveaway to big corporations and rich households at the ultimate cost of services for all, particularly the most vulnerable.
Iowa Fiscal Partnership statement 12/19/2017
If Iowa lawmakers thought that their Draconian revisions to Chapter 20 could break the back of public-sector unionism, the last two months have proven them spectacularly wrong. Since early September, almost 500 of Iowa’s public-sector bargaining units have been forced into recertification elections.
Iowa Policy Points post by Colin Gordon 11/7/2017