The vast majority of Research Activities Credit claims are by corporations, rather than individuals; by big corporations, rather than entrepreneurs; and paid out as checks, rather than to reduce taxes. The cost in 2013: over $53 million.
Designed to support start-up companies to do research, Iowa's costly Research Activities Credit program primarily benefits very large companies, with little scrutiny, as money is spent under the cover of tax law and not the regular budget process.|
Read Iowa Fiscal Partnership backgrounder. 3/6/14. NEW!
Or 2-page PDF.
The state of Iowa spent $36.2 million on research subsidy checks to 140 companies that paid no state income tax in 2013. Iowa Fiscal Partnership analysis of a new state report shows the 12 largest recipients of the Research Activities Credit (RAC) shared at least $29.1 million in those checks.
Read Iowa Fiscal Partnership news release. 2/17/14.
For additional perspective, see our blog posts:
• A taste of transparency, 2/11/14
• Two numbers say so much, 3/6/14 NEW!
Not that you're likely to hear it in what has become common political talk, but Iowa — again — is shown to have taxes on business that are in the middle of the pack or below the national average.|
Read Iowa Fiscal Partnership backgrounder. 3/5/14. NEW!
Or 2-page PDF.
|Even at the state's median wage, many families in Iowa cannot make ends meet. IPP's latest Cost of Living in Iowa report illustrates costs of a basic-needs, no-frills family budget — and higher costs of housing, food, transportation and child care.|
Read full report by Peter Fisher and Lily French. 2/26/14 NEW!
Or as 22-pg PDF.
Get data by county or region. (Excel sheet)
Read news release.
|Iowans can fall off an income cliff when even a minimal pay increase costs them child care assistance.|
Read policy brief by Peter Fisher. 12/9/13.
Iowa’s child care assistance programs should encourage parents to further their education.
Read policy brief by Lily French and Peter Fisher. 11/26/13.
Read executive summary or 2-pg PDF.
Read news release.
Proposed reforms of Iowa Economic Development Authority programs raise questions about the quality of jobs that proponents would subsidize with public money.|
Read backgrounder by Colin Gordon. 2/27/14 NEW!
Climate change is a reality and the investor-owned utility companies must adjust their business model to contend with it.|
Read statement by IPP's David Osterberg to the Iowa Utilities Board. 2/25/14 NEW!
Read excerpt on our Iowa Policy Points blog. 2/25/14
While the income gap in Iowa is not as stark as it is in many other states, it is still wide — and getting wider. Between 1979 and 2007, the top 1 percent in Iowa claimed almost one-third (29.8 percent) of all income gains.|
Read IPP Policy Snapshot by Colin Gordon. 2/19/14. NEW!
Read The Increasingly Unequal States of America from the Economic Policy Institute. 2/19/14. NEW!
“Inequality is high during eras of light financial regulation and lax labor standards (before the 1930s and after the 1970s). But it narrows when public policies make an effort to sustain the bargaining power of ordinary Americans, and regulate the ambitions of the richest among us.”
— IPP's Colin Gordon
Rapid growth of fracking — and thus frac sand mining — has sparked environmental and aesthetic concerns in Wisconsin, Minnesota and Northeast Iowa. What long-term issues lie beneath this prized sand, and what steps can Iowa communities take to be vigilant about what is best for them? |
Read our policy brief by Aaron Kline and David Osterberg. 1/30/14. NEW!
• executive summary
• news release
• blog post by Aaron Kline
Hear Iowa Environmental Focus report by Jerry Schnoor of the University of Iowa Center for Global and Regional Environmental Research (1 minute, 17 seconds)
A stable and durable public pension system, efficiently managed and funded, is important to employees, employers, the state, and the economy.
Iowa‘s public pension systems are strong and healthy, working as intended to assure retirement security to thousands of Iowans.|
Read policy brief by Imran Farooqi, Peter Fisher and David Osterberg. (33 pages) 12/12/13. NEW!
Read executive summary. (or 5-page PDF)
Read news release.
Read David Osterberg's guest opinion in the Cedar Rapids Gazette 12/15/16
Hear Osterberg on the Devine Intervention, KVFD-AM Fort Dodge 12/12/16
Recovery has offered Iowans little respite from the challenges of diminished job security and widening inequality, the annual State of Working Iowa report finds.|
Read The State of Working Iowa 2013 online interactive version
or 18-pg PDF. 8/30/13.
Or our news release. 8/30/13.
“Labor Day is a good time to remember that shared prosperity rests on policies and institutions that sustain the bargaining power of workers.” — IPP's Colin Gordon, author of The State of Working Iowa 2013
One out of every six Iowa households benefits from the federal Earned Income Tax Credit, bringing $412 million into the state economy in 2010 alone.
The golder and greener the spots on the map at right, the greater the use of the credit by moderate- and low-income working families.|
Read Iowa Fiscal Partnership Backgrounder. 5/14/13
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 our Iowa Fiscal Partnership Backgrounder. 4/5/13