Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have...
- 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 blog 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.