April 26, 2017Following is a statement by Alan Essig, executive director of the Institute on Taxation and Economic Policy, regarding the tax plan released today by the Trump Administration. The administration has said that this plan will be the "largest tax cut in history."
April 25, 2017The Trump administration's immigration policies have broken apart families and removed established members of communities. The administration's disregard for the contributions of immigrants, regardless of their legal status, is of real concern for young immigrants whose parents brought them to the United States as children. Many of those young immigrants qualify for deferred deportation action and legal work authorization under Deferred Action for Childhood Arrivals (DACA), a 2012 executive order under President Barack Obama.
April 24, 2017Alaska is facing a significant budget gap because of a sharp decline in the oil tax and royalty revenue that has traditionally been relied upon to fund government. This report examines five approaches for replacing some of the oil revenue that is no longer available: enacting a broad personal income tax, state sales tax, payroll tax, investment income tax, or cutting the Permanent Fund Dividend (PFD). Any of the options examined in this report could make a meaningful contribution toward closing Alaska's budget gap. To allow for comparisons across options, this report examines policy changes designed to generate $500 million annually. This amount would be insufficient to close Alaska's $3 billion budget gap, but any of these options could be modified to raise additional revenue, or could be incorporated into a larger package of changes designed to close the gap.
April 24, 2017Public debates in California over immigrants, specifically around undocumented immigrants, often suffer from insufficient and inaccurate information about the contributions of undocumented immigrants, particularly their tax contributions at the local and state level. The fact of the matter is undocumented immigrants living in the California pay millions of dollars each year in local taxes to the counties where they live (estimated to be more than $1.5 billion) and collectively an estimated $3 billion combined in state and local taxes. A little more than half of the total state and local taxes undocumented immigrants in California pay flow to local governments. The following tables provide county-by-county estimates on the current state and local level tax contributions of California's 2.7 million undocumented immigrants and the increase in contributions if all these taxpayers were granted legal status as part of comprehensive reform. As California policymakers at the state and local level debate their approach to immigration policy, this data will provide much needed context on the tax contributions of undocumented immigrants living and working in California.
April 13, 2017Every year around Tax Day, ITEP updates some of its key reports to help put the nation's tax system in proper context. This year, as people around the country march to demand President Trump release his tax returns and as policymakers consider overhauling our federal tax system, these reports are especially critical. Read 10 Things You Should Know on Tax Day.
- Undocumented Immigrants' State and Local Tax Contributions
- Fairness Matters: A Chart Book on Who Pays State and Local Taxes
- Comprehensive Guide to "Repatriation" Proposals
- State Tax Subsidies for Private K-12 Education
- State Tax Codes As Poverty Fighting Tools
- The ITEP Guide to Fair State and Local Taxes
Tax Justice Blog
- Income Tax Offers Best Bang for the Buck in Alaska - 04/2017
- No Room to Swing a CAT in Louisiana Legislature - 04/2017
- State Rundown 4/19: Alaska's Long Income Tax Freeze May Be Thawing - 04/2017
Trump Tax Plan Revives Economic Voodoo
Reports Using ITEP Data
The Arizona Center for Economic Progress: Questions and Answers About Arizona's State Budget and Taxes 2017