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Iowa’s Disappearing Corporate Tax Base
A new report by National People’s Action and the Center for Effective Government co-authored by Iowa Citizens for Community Improvement Action Fund (Iowa CCI Action Fund) finds that a “Robin Hood” tax on Wall Street speculation and closing other corporate tax loopholes could generate significant new revenue for the state of Iowa, which relies on federal money for about one third of its annual budget. Iowa has a 12.7 percent poverty rate but corporate tax revenue only accounts for 5.4 percent of the state budget
read moreTax Cuts vs Schools: Something Has to Give, But Branstad Won’t Say Why
On January 27, Governor Branstad told the Iowa press corps that there is no room in his five-year budget for setting allowable school growth at six percent, as Senate Democrats propose, but the governor failed to give the reason why: because his “signature bipartisan achievement”, corporate property tax cuts, is so expensive that the cost will burn through Iowa’s budget surplus in just a few years without leaving any money left over for investing in the vital public services that everyday people and hardworking families depend on like education, environmental protections, infrastructure, and workforce development.
read moreDemocratic candidate for governor gets behind CCI Action’s “People First Iowa” agenda
State Senator Jack Hatch (D-Des Moines), the Democratic candidate for governor running against incumbent Terry Branstad, endorsed Iowa Citizens for Community Improvement Action Fund’s “People First Iowa” agenda today during an hour-long meeting with more than 200 CCI Action Fund members at the Henry Wallace Building Auditorium.
read moreBranstad’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.
read moreBranstad recycles bad flat tax policy
Governor Terry Branstad’s proposal Wednesday to enact an optional flat tax system would overwhelmingly benefit Iowa’s wealthiest citizens at the expense of everyday people, hardworking families, and a state budget that can afford to fully fund vital public services, Iowa Citizens for Community Improvement Action Fund (Iowa CCI Action Fund) members said Thursday.
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