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Posted May 05, 2014in Iowa Watchdog

Downgraded Des Moines feels the cost of public pensions

Some of the damage of public pensions — what Warren Buffet once called “a gigantic financial tapeworm” — is being visited upon Des Moines. Moody’s Investors Service announced Wednesday it lowered the [...]

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Posted April 29, 2014in Iowa Watchdog

One dollar payments get Iowa millions in Medicare dollars

DES MOINES, Iowa — Talk about a massive return on investment: Iowa receives millions each year from the federal government in exchange for $1 monthly contributions for each of the [...]

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Posted April 29, 2014in Iowa Watchdog

Casinos will pay $92 million to end dog racing mandate

DES MOINES, Iowa —Decades of state-mandated subsidies for Iowa’s two greyhound racing tracks may be about to end. In exchange for a $92 million payout to the state’s greyhound racing [...]

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Posted April 24, 2014in Iowa Watchdog

Iowa congressman urged IRS to investigate nonprofits

DES MONES, Iowa — Four days after the head of the Internal Revenue Service denied the agency was targeting conservative social welfare organizations applying for tax exempt status, Rep. Bruce [...]

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Posted April 24, 2014in Iowa Watchdog

Iowa to give Microsoft millions in exchange for 86 jobs

DES MOINES, Iowa— The Iowa Economic Development Authority has unmasked Project Alluvion, awarding $18 million in sales tax rebates for Microsoft to build a data center in West Des Moines. [...]

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Posted April 24, 2014in Iowa Watchdog

Zoom! Sioux City and South Dakota battle over speed cameras

DES MOINES, Iowa — Sioux City’s Interstate 29 mobile speed cameras, which pumped $4.5 million into the city’s general operating budget last year, have just become less profitable. Neighboring South [...]

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Posted April 16, 2014in Iowa Watchdog

IRS-Social Security seizure a ticking time bomb

WASHINGTON, D.C. — The Washington Post declared victory Tuesday for exposing the seizure of income-tax refunds to claw back alleged Social Security overpayments. But the legal issue of garnishing money from [...]

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Posted April 15, 2014in Iowa Watchdog

In Iowa, go to prom, get a tax credit

DES MONIES, Iowa — Some of that huge sum your kid shamed you into blowing on prom is eligible for a state tax credit, although nobody is quite sure just [...]

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Posted April 14, 2014in Iowa Watchdog

IRS holds refunds to recover parents’ Social Security

WASHINGTON, D.C. — Along with death and taxes, add a third certainty in life: taxes after death. On this April 15, and every other day, the IRS is seizing millions [...]

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Posted April 11, 2014in Iowa Watchdog

Iowans, celebrate your ‘tax freedom’ on Sunday

DES MOINES, Iowa — Forget about 13 being unlucky. April 13 is a lucky day for Iowans this year. It’s Tax Freedom Day. Tax Freedom Day is the creation of [...]

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