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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