In May of this year, Iowa’s Republican Governor Kim Reynolds signed a giant tax giveaway to corporations. The people of Iowa were warned that this would lead to education cuts and increased tuition. But, nevertheless, she persisted.
“Most Iowa taxpayers won’t get a tax cut, or see very little cut in their taxes,” she said. “Our revenues are already low and we’ve cut things that help the state grow, such as education and help for small businesses.”
The ranking Democrat on the House Ways and Means Committee, Rep. Dave Jacoby, D-Coralville, called the legislation a GOP “tax giveaway” that overwhelmingly benefits the wealthy and special interests, while a third of Iowans will “get nothing or end up paying more.”
“In order to pay for $483 million in new corporate tax giveaways, Republicans are actually raising taxes on everyday Iowans through higher property taxes, raising the sales tax, and increasing tuition at community colleges and state universities,” Jacoby said.
Iowa Republicans were unfazed by the warnings. They’ve already been cutting education funding. What’s a few more million in cuts to them?
The University of Iowa and Iowa State University will shoulder most of the cuts, at around $11 million, which means tuition increases for students.
Now, can you guess the result? Yep, the students of Iowa get to pay for these corporate tax giveaways by going deeper in debt, or just not going to college at all.
State legislatures are decreasing funding to public universities and community colleges. In Iowa, for instance, state funding to the three public universities is now less than in the 2015 fiscal year. Mid-year budget cuts are expected this spring and there’s uncertainty about next year’s state funding.
“Lower-middle-class and working families don’t have big chunks of money sitting around to pay for their kids’ college education,” said Lampe, a Pleasantville High School social studies teacher.
“As costs go up, students are going to take out more loans — or not go to college at all.”
Is this seriously the direction the State of Iowa wants to keep going? There is an old saying that the people of Iowa should be familiar with: Don’t Eat your Seed Corn. Seed corn is what farmers save to plant next year to get a crop to live on in the future. If you eat the seed corn, you may live well this year, but then you could have huge problems down the road. Making it more difficult for Iowa students to succeed is not going to help the State down the road. Iowa Republicans are eating the State’s seed corn. Iowa voters should make a choice to stop.