Branstad’s budget shortfall raises red flags

Iowa’s economic and revenue growth has been stolen by a corporate property tax cut deal and other handouts and giveaways signed into law last year by Governor Terry Branstad, forcing the state to dip into surplus funds to cover expenses, and that’s before badly needed new appropriations in education, environmental protections, and infrastructure are considered, according to a comprehensive new budget analysis by the Iowa Policy Project released on January 13 and interpreted by Iowa Citizens for Community Improvement Action Fund (Iowa CCI Action Fund) members.

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Two solutions to close corporate tax loopholes in Iowa

Every year, huge out-of-state corporations avoid paying their fair share of taxes to Iowa by using a tax loophole that the Iowa legislature has yet to close. We're pushing that the Iowa legislature close this tax loophole by requiring out-of-state corporations to combine their reporting of profits and pay their fair share of taxes to the state of Iowa on those profits.

We're also pushing a corporate tax transparency bill.

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2013 Legislative Agenda

Our 2013 Legislative Agenda identifies the areas and issues that need addressed and our the legislative priorities we'll be pushing this session.

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