President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- The Tax Policy Blog
- Iowa Governor Wants a Review of All Tax Credits
Iowa Governor Wants a Review of All Tax Credits
The Iowa film tax credit scandal has prompted Governor Chet Culver to call for a review of all of Iowa's tax credits. The report should measure the costs and benefits of the state's credits to determine if they are achieving their goals in a cost effective manner. We encourage the Governor in this effort and hope that such a report will help spur the discussion on costly tax expenditures that often benefit a select group while providing little benefit to the rest of society.
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About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.