Anyone else here read Iowa Policy Project and its sister, Iowa Fiscal Partnership

[rurallib]

These guys - especially Mike Owen and Peter Fisher - do some of the best analysis of issues in Iowa I have seen.

Here is an excerpt from a recent article by Fisher (believe he is a professor emeritus in Economics at Iowa - not sure):
http://www.iowafiscal.org/more-millions-for-millionaires/

Tax legislation pending in the Iowa House would shower most benefits on higher income Iowans, while reducing revenues by over half a billion dollars.

Already for the coming fiscal year, $277 million — two-thirds of the increased revenue to the general fund — is going to be funneled to commercial and industrial property tax relief. This will leave the state short of funds to adequately finance education and other services, before the new legislation would strip the general fund of another $482 million.
<snip>

Higher income Iowans would benefit most — Iowa tax filers with adjusted gross income of $40,000 or less (representing over half of all taxpayers) get just 6 percent of the $373 million in tax cuts for tax year 2015 under this bill, for an average of just $30 savings per tax filer (see Table 1). Nearly two-thirds of the $373 million goes to those with income of $100,000 or more, representing just 1 in 6 taxpayers. Of that group, Iowa’s millionaires — representing just four-tenths of 1 percent of taxpayers — get 10 percent of the total benefit, or $5,463 each.

I can't seem to reproduce the table. But here we go again - we can't fund schools in Iowa, but we have plenty of money (according to Repugs) for more and bigger tax cuts for the rich.

[progressoid]

1. So they throw us 30 bucks and then will have to cut services.

While the rich get richer.