Feb 13, 2025 - News
Iowa's federal $2K cha-ching
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Only 13 states send more money to federal government coffers than they receive, a recent analysis found.
Why it matters: The Trump administration's push for states to be more financially independent brushes up against the reality that many depend on federal money.
Zoom in: Iowa received just over $2,000 per capita more than it sent in 2022, according to a recent Rockefeller Institute of Government report.
- Of our surrounding states, Minnesota and Illinois paid more into the federal system than they took — around $1,900 and $1,300, respectively.