Six of the state’s college presidents are skeptical Governor Tom Vilsack’s proposed tax credit for Iowa-educated college grads who stay and work in the state will stop the “brain drain.” The tax credit isn’t a huge amount of money, and Catherine Dunn, president of Clarke College in Dubuque, says it won’t be enough of an enticement to get kids to attend universities here either.
Dunn says most 18-year-old, in-coming college students don’t pay taxes, and the idea of a tax credit won’t sway many college decisions.
The presidents of Iowa, Iowa State, U-N-I, Drake, Clarke and Coe met with the media this week in Cedar Rapids.