Tax Loopholes and Giveaways
June 8, 2008
The 7-Cent Swipe
Iowa Windfall: Hearing Monday to Examine Grocers' Subsidy from Food Stamp Transactions

Iowa retailers receive a 7-cent fee for every time a Food Stamp recipient makes a purchase — unlike other electronic transactions, and unlike the practice in any other state. It's one more example of generous Iowa business subsidies that have no apparent return. News release

April 16, 2008
Iowans Pay Taxes, Fund Secret Checks to Corporations
Biggest Firms Benefit, With Little Accountability to Taxpayers

While Iowans are busy paying their taxes this week, a new report shows how household-name companies have been getting big checks at their expense. Read the seven-page full report and two-page news release, as well as our two-page backgrounder from February, and graphs that illustrate the comparison between these unscrutinized subsidies to corporations, and tax credits for low-income working families.

April 8, 2008
Out of View, and Out of Balance
Secret Check Issue Illustrates Gap in Tax Equity, Priorities

Iowa human services advocates are drawing lines to connect the choices of secret tax breaks for big corporations — $32.8 million worth in 2005 — and state lawmakers' inability to find funding to improve the Earned Income Tax Credit for low-income working families. Read the news release from the Iowa Human Needs Advocates, and read our two-page backgrounder.

Also read the Des Moines Register story.

April 3, 2008
Improving Tax Fairness in Iowa
Stopping Scare Tactics: Large Companies Won't Leave if Iowa Treats Them the Same
A new report from the Center on Budget and Policy Priorities shows how large Iowa manufacturers already deal with combined reporting legislation in other states, undermining many big-business claims that closing tax loopholes in Iowa would harm the state's economy. Read the nine-page report and two-page news release. Also see the two-page backgrounder from the Iowa Fiscal Partnership.

Putting Fairness First in Financing Public Services in Iowa
As state legislators close out the 2008 legislative session and confront the tasks of maintaining commitments and investing in Iowa's future, they will have to finance their budget. Each financing decision has a different set of consequences for Iowans at different income levels. It is crucial to remember a basic principle of taxation: fairness. Read the three-page backgrounder.

How Improving the State EITC Can Improve Tax Fairness

On issues of tax fairness, Iowa's personal income tax system falls most short in its tax treatment of families with children. In fact, Iowa's income tax system is the most skewed against families with children of any state income tax system in the country. Expanding Iowa's Earned Income Tax Credit can improve the lot of those families. Read the two-page backgrounder.

March 6, 2008
A Capital (Gains) Offense
Unnoticed But Lasting Change Undermines Iowa's Tax Code

The research is in and the data are clear: Iowa’s outdated, and increasingly leaky, tax code needs reform. Over time, special provisions have been incorporated to give advantage to different special interests, while tax accountants and attorneys have found ways to manipulate the code to help their clients escape taxes. A prime example of how our tax code has been skewed to benefit the wealthy: Iowa's special treatment of capital gains. Read the two-page backgrounder.

Feb. 27, 2008
Iowa's Tax Credit Bonanza
Open Ends and Closed Books: How Iowa Is Giving Away the Farm

Rapid growth in the adoption and use of tax credits are contributing to an unsustainable, structurally imbalanced budget in Iowa, suggesting lawmakers should take a step back and immediately (1) provides for public disclosure of the beneficiaries of all business-directed tax credits; (2) revise and limit existing tax credits; and (3) establish a moratorium on the enactment of any additional tax credits. Read the two-page backgrounder.

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