Media Center

Fiscal projections approved this morning by the REC show the folly of a half dozen years of reckless tax cutting that gave the biggest breaks to the richest Iowans and most profitable corporations. For the current fiscal year, FY 2027, revenue projections are more than $1.1 billion below the budget lawmakers approved in May.

Iowa's job market numbers showed little overall change in July, with payroll jobs down about 3,600 over the year but still in line with recovery from the big drops in the COVID recession.

More than a quarter-million Iowans who receive federal food assistance benefits could be at risk of going hungry if Congress pursues a Republican plan to cut $230 billion or more from the program over nearly 10 years. One idea would push some SNAP benefit costs to the states – but states like Iowa already face budget cliffs because of big tax cuts for the wealthiest.

More than 40 state and regional organizations in Iowa have asked all six members of the Iowa congressional delegation to protect Medicaid and SNAP in current federal budget negotiations.

An annual report on Iowa's Research Activities Tax Credit once again showed the state's generosity to business, with $54.5 million in credits claimed in 2024, the vast majority to large companies and two-thirds paid out as subsidy checks to companies that owed no state income tax.

Job quality provisions in federal initiatives for infrastructure improvements and energy systems will help redirect Iowa’s construction industry and lawmakers toward high-road policies with long-term benefits for Iowa. A new report from Common Good Iowa identifies trends that feed low-road practices toward workers and communities, and threaten a thriving construction industry in the state.

Iowa’s job market is in a slow-growth mode as Governor Kim Reynolds and legislative leaders suppress worker rights and advance counterproductive policies that hold back our economy.

Political showmanship won’t obscure the reality of deficits, debt and inequity when the U.S. House Ways & Means chair stages a pro-Trump Tax Cut hearing at the Iowa State Fair.

It might not be this year, or next, but Iowans in the near future will realize the destructive course set by Governor Kim Reynolds and the tax-cutting leadership of the Legislature.