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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 moreProtesters Picket Latham Home
More than forty Iowa CCI Action Fund members protested outside the Clive home of Iowa Representative Tom Latham Saturday to demand a good budget deal that raises new revenue from the super-rich and big corporations rather than a bad deal that relies on spending cuts to Social Security, Medicare, Medicaid, and other vital public programs.
read moreBig Bird visits Romney’s rural event
Big Bird and his Sesame Street friends paid a visit to GOP presidential candidate Mitt Romney and his corporate agenda at a campaign stop in Van Meter, Iowa Tuesday morning.
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“Big Bird and Sesame Street didn’t cause the economic crisis and financial meltdown, the big banks on Wall Street did,” said Jessica Reznicek, a CCI Action Fund member originally from Perry, Iowa. “This protest was brought to you by the letters C and R. R is for revenue and C is for closing corporate tax loopholes, not cutting more programs like Sesame Street.”
