We’re very pleased to have the opportunity to support Iowans for Tax Relief in their efforts to bring more transparency and accountability to their state’s economic development incentives. CEA President John C. Mozena and ITR’s John Hendrickson laid out the argument for reform in an op-ed in today’s Des Moines Register:
Iowa does have a tax credit review process, but it clearly needs to be strengthened to include more transparency and more independent analysis. If the taxpayers of Iowa are being asked to subsidize a business, then it’s only appropriate that they be given as much access to relevant information about the deal as any other investor.