DES MOINES, Iowa – The latest analysis of state impacts of the federal budget by the National Priorities Project finds that Iowa receives about $27 billion from the federal budget over the course of a year.
Becky Sweger, director of data and technology for the advocacy group, says the figure in its State Smart project is calculated through direct federal assistance to individuals, federal grants and contracts to business and governments, and the salaries of the federal employees in the state.
And Sweger says it works out to about $8,700 per capita, which is a little bit lower than the U.S. per capita. On the other end, the study found that Iowa residents and businesses paid about $18 billion in federal taxes in 2013, most of that by or on behalf of individuals in the form of income taxes, self-employment taxes and payroll taxes.
While the inflow to Iowa is billions of dollars a year more than the total federal taxes paid, Sweger notes that the figures aren’t expected to be equal. “It’s just not how the federal budget works,” she says. “People shouldn’t expect to get sort of a one-for-one, I give you a dollar and I get a dollar back.”
(Iowa News Service)