On July 14th, the IRS held a public hearing for the debt-equity rule (section 385 of the IRS code) that the Treasury Department proposed last April. The hearing, which had as many as 16 speakers from various industries,...
- 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.