
March 6, 2024
Iowa’s tax structure has long favored the wealthiest Iowans and corporations, and tax cuts passed in 2022 are making inequities worse. The average millionaire will see a cut of $62,000 a year. In the middle, Iowans earning $40,000 to $60,000 will see an average cut of $300, or about $6 a week. Most with incomes under $40,000 will see no cut at all.
State legislative sessions are in full swing with New Jersey and Oklahoma both particularly active this week...
February 12, 2024
Iowans have traditionally valued expanding opportunity, caring for neighbors and a strong sense of fair play. Tax-cut proposals at the Iowa Statehouse from Governor Kim Reynolds and legislative leaders turn these Iowa values upside down. They would drastically restrict revenue needed to fund critical services such as education, health care, public safety and environmental quality. The Senate bill, SSB 3141, would set out to fully eliminate the income tax, which until recently has funded roughly half of the state budget. By targeting benefits to the wealthiest Iowans, the plans would throw an already inequitable tax system further out of balance.
February 8, 2024 • By ITEP Staff
While we were hoping to get progressive tax policy wins for Valentine’s Day, many state lawmakers have another idea in mind...
January 26, 2024 • By ITEP Staff
Bills are moving and state legislative sessions are picking up across the country, giving elected officials the opportunity to consider two distinct paths when it comes to tax policy...
January 23, 2024 • By ITEP Staff
Updated July 15, 2024 In 2024, state lawmakers have a choice: advance tax policy that improves equity and helps communities thrive, or push tax policies that disproportionately benefit the wealthy, drain funding for critical public services, and make it harder for low-income and working families to get ahead. Despite worsening state fiscal conditions, we expect […]
January 11, 2024 • By ITEP Staff
States got a wake-up call this week as ITEP released the latest edition of our flagship Who Pays? report...
January 9, 2024 • By ITEP Staff
Iowa Download PDF All figures and charts show 2024 tax law in Iowa, presented at 2023 income levels. Senior taxpayers are excluded for reasons detailed in the methodology. Our analysis includes nearly all (99.9 percent) state and local tax revenue collected in Iowa. These figures depict Iowa’s 2024 graduated personal income tax, with a top […]
January 4, 2024 • By ITEP Staff
The year may be new, but state lawmakers seem to have the same old resolution: slashing state income taxes...
January 4, 2024
The income tax is a way Iowans come together to lay strong foundations that create opportunity and help people thrive. Governor Reynolds and legislative leaders want to eliminate Iowa’s personal income tax — a virtual promise to decimate the services that make Iowa a better place to live, work and raise a family. Read more.
November 8, 2023 • By ITEP Staff
Voters had the chance to impact tax policy across the country on election day, and some chose to enact common-sense reforms to raise revenue...
September 27, 2023 • By ITEP Staff
When it comes to investments, state lawmakers across the country are positioning their states to be in the red as they pass or debate further tax cuts that will overwhelmingly benefit the wealthy – and some states are now adding an additional coat of red paint...
August 3, 2023 • By ITEP Staff
Sales tax holidays are bad policies that have too often been used as a substitute for more meaningful, permanent reform.
June 9, 2023 • By ITEP Staff
Read as PDF Re: Recommendation for Inclusion of Section 1001 Regulation in 2023-2024 Priority Guidance Plan To Whom It May Concern, We are writing to respectfully urge that the IRS return to the work it left unfinished in 2019 when it issued final regulations on “Contributions in Exchange for State or Local Tax Credits” (RIN: […]
This op-ed was originally published by Route Fifty and co-written by ITEP State Director Aidan Davis and Center on Budget and Policy Priorities Senior Advisor for State Tax Policy Wesley Tharpe. There’s a troubling trend in state capitols across the country: Some lawmakers are pushing big, permanent tax cuts that primarily benefit the wealthy and […]
May 11, 2023 • By ITEP Staff
Many state legislatures this year have been considering property tax cuts – but too many are ignoring the solution that speaks more directly to questions of property tax affordability than any other policy option: the “circuit breaker."
May 11, 2023 • By Brakeyshia Samms, Carl Davis
Concerns over property tax affordability have been at the forefront this year as housing prices have climbed and property tax bills have often increased along with them. As lawmakers mull a range of property tax cuts, circuit breakers are the best possible approach—and these policies are receiving far too little attention in the states.
May 10, 2023 • By ITEP Staff
This week, in states across the country the momentum to center improvements to family economic security remains strong...
May 4, 2023 • By Joe Hughes, Matthew Gardner, Steve Wamhoff
The push by Congressional Republicans to make the provisions of the 2017 Tax Cuts and Jobs Act permanent would cost nearly $300 billion in the first year and deliver the bulk of the tax benefits to the wealthiest Americans.
April 19, 2023 • By ITEP Staff
Tax season has ended for most filers, but the topic remains a hot one in states around the country...
Over the past week Washington state saw a major victory for tax fairness after the state Supreme Court held the state’s capital gains tax—passed in 2021—constitutional...
As nature bursts into life and color with the arrival of spring, state tax proposals are doing the same as the legislative seeds planted by lawmakers earlier this year start to grow, blossom, and in some cases rot. However, some governors are not entirely happy with what state lawmakers have produced.
State governments provide a wide array of tax subsidies to their older residents. But too many of these carveouts focus on predominately wealthy and white seniors, all while the cost climbs.
It’s March and state lawmakers are showing why the Madness isn’t only reserved for the basketball court...
Wealthy families are overwhelmingly the ones using school voucher tax credits to opt out of paying for public education and other public services and to redirect their tax dollars to private and religious institutions instead. Most of these credits are being claimed by families with incomes over $200,000.