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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

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Tax 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.

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Tax cuts leave little money for allowable school growth

A retired teacher and a concerned parent with Iowa Citizens for Community Improvement Action Fund (Iowa CCI Action Fund) both testified in support of six percent allowable school growth over the next two years at a Senate Education subcommittee meeting Jan 27, but the CCI members also asked serious questions about how the state of Iowa can afford to fully fund education at those levels after Governor Branstad’s corporate property tax cuts are already set to burn through the state’s surplus in the next five years.

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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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Branstad schedules public budget hearing, Monday, December 16 at 4pm

Iowa Department of Management Director David Roederer has scheduled Governor Branstad’s annual public budget hearing for 4pm Monday in the Robert Ray Conference Room of the state capitol, and Iowa Citizens for Community Improvement Action Fund (Iowa CCI Action Fund) members say they will mobilize to promote their “People First Iowa” budget and tax policies and to stand up and speak out against Branstad’s flat tax proposal and calls by corporate lobby groups to cut corporate income taxes this year.

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