Institute on Taxation and Economic Policy

The Capital Times: Scott Walker redistributes wealth — upward

February 19, 2014

(Original Post) Scott Walker may not know how to create jobs. But he does know how to create income inequality. The governor’s election-season tax cut scheme is widening the gap between the very well off and the rest of us by redistributing wealth upward. An analysis of the governor’s initiative by the nonpartisan Institute on […]

The Tulsa World: OU leader slams funding cuts

February 18, 2014

(Original Post) President Boren says constant reductions are harming higher education in the state. BY KIM ARCHER World Staff Writer | 0 comments University of Oklahoma President David Boren is decrying the governor’s proposal to again cut higher education funding and is urging Oklahoma residents to raise their voices to stop further reductions. He became […]

Open Sky Policy Institute: Data show middle class benefit of LB 1097 paltry compared to higher earners

February 18, 2014

While some proponents of LB 1097 – a bill to cut Nebraska’s income taxes – talk about the bill’s benefit to the state’s middle class, a look at the data shows by far the biggest beneficiaries of the cut would be the state’s highest earners. Read the Full Report

Oklahoma Policy Institute: Tax cut will provide little benefit to most Oklahomans

February 18, 2014

The average Oklahoman would get just $29 from Governor Mary Fallin’s proposed income tax cut, while one-quarter of the total benefit would go to the wealthiest 1 percent of households, according to a new analysis prepared by the Institute for Taxation and Economic Policy (ITEP). Read the Full Report

Missouri Budget Project: Nixon-Kraus Tax “Deal” Would Undercut MO Services, Including Education

February 18, 2014

According to recent analysis, the tax “deal” between Governor Nixon and Senator Kraus is skewed to benefit Missouri’s wealthiest families, and leaves all services vulnerable to cuts as a result of its $364-$500 million cost. Read the Full Report

Cincinnati City Beat: Kasich’s Tax Proposal Favors Wealthy

February 18, 2014

(Original Post) February 14th, 2014 By German Lopez | News | Posted In: News, Economy, Governor Proposal would let poor buy a slice of pizza, while top 1 percent could buy a trip to Italy Gov. John Kasich’s income tax proposal would disproportionately favor Ohio’s wealthiest, an analysis from Policy Matters Ohio and the Institute […]

MLive.com: Immigration officials up pressure on undocumented workers in Michigan

February 18, 2014

(Original Post) By Gary Ridley | [email protected]  on February 16, 2014 at 6:30 AM, updated February 16, 2014 at 6:35 AM FLINT, MI — Jose Guerra was 15 when he started working illegally in the United States. Guerra, now 25, said he, his parents, two brothers and sister left Mexico in 2003 to find work […]

Politico: Combined Reporting in Maryland Not All Bad

February 18, 2014

(Original Post) The proposed mandatory unitary combined reporting bill in Maryland that ruffled some critics’ feathers last week might have some backers after all. The idea of corporations filing consolidated income tax returns isn’t anything new since most states with corporate income taxes require combined reporting, Carl Davis, senior policy analyst at Institute on Taxation […]

The Huffington Post: Raising Taxes On The Rich Would Reduce Income Inequality: Larry Summers

February 18, 2014

(Original Post) The Huffington Post | by Jillian Berman Posted: 02/17/2014 3:07 pm EST Updated: 02/17/2014 3:59 pm EST Raising taxes on the rich would “play a major role” in reducing income inequality, according to Larry Summers. Capping the earnings of the likes of Mark Zuckerberg or Bill Gates would do little to actually boost […]

The Huffington Post: Tom Perkins: People With More Money Should Get More Votes

February 14, 2014

(Original Post) The Huffington Post | by Jillian BermanPosted: 02/14/2014 9:39 am EST Updated: 02/14/2014 11:59 am EST Tom Perkins is desperately trying to extend his 15 minutes of infamy. The 82-year-old venture capitalist, who recently made a lot of people angry by comparing progressives to Nazis, told an audience in San Francisco Thursday that […]

Policy Matters Ohio: Income-tax cut would favor well-to-do

February 14, 2014

An across-the-board cut in rates favored by Gov. Kasich may allow low-income Ohioans to buy a slice of pizza a year, on average. Those in the middle could purchase a cheap pizza maker, while the state’s most affluent taxpayers could use their cut to go on a round-trip for two to Italy, with money left […]

WFPL: Gov. Steve Beshear’s Tax Plan Fails to Address Inequality, Economic Think Tank Says

February 11, 2014

(Original Post) By JONATHAN MEADOR Credit Rae Hodge/Kentucky Public Radio Steve Beshear Kentucky Gov. Steve Beshear’s tax reform plan fails to address issues of fairness in the state’s tax code, says a non-partisan economic think tank. The Institute on Taxation and Economic Policy doesn’t think the plan’s Earned Income Tax Credit will be enough to […]

Kentucky Center for Economic Policy: Measuring the Tax Plan Against Key Principles

February 10, 2014

Governor Beshear has released his tax reform proposal, and analysis and debate over the plan has begun. It’s important that this discussion keep in mind three principles that are needed in a tax reform plan in order to move Kentucky forward: First, tax reform should generate significant new revenue now to allow Kentucky to begin […]

Lexington Herald-Leader: Get it right, go big on tax reform

February 10, 2014

(Original Post) February 9, 2014 Lawmakers have plenty of time to dig into tax reform and improve on what Gov. Steve Beshear has proposed. While Beshear is offering some good ideas, his package does too little to broaden the state’s loophole-ridden tax base while carving out even more loopholes. Kentucky already exempts more in taxes […]

Open Sky Policy Institute: Looking for Clarity: An Overview of Nebraska Budget and Tax Policy

February 7, 2014

To help Huskers decode how Nebraska makes budget decisions and creates tax policy, we have created Looking for Clarity: An Overview of Nebraska Budget and Tax Policy. This easy-to-read primer takes the confusion out of Nebraska’s laws and tax codes and distills it into a concise, manageable summary of how Nebraska collects and spends funds. […]

Kentucky Center for Economic Policy: Tax Plan Misses Opportunity to Make Overall Tax System Fairer

February 7, 2014

The combined impact of the tax increases and tax cuts in Governor Beshear’s reform proposal would not help improve the regressive nature of Kentucky’s tax system, according to analysis of the plan released today by the Institute on Taxation and Economic Policy (ITEP). The plan would basically maintain the existing distribution of taxes for individuals, […]

Open Sky Policy Institute: Income tax cut bills would decimate state budget, lead to cuts, property tax hikes

February 6, 2014

A pair of bills to cut income taxes would blow holes in the state budget, aren’t aimed at the middle class and are not likely to grow the economy. Furthermore, the bills — LB 1097 and LB 721 — likely would lead to higher property taxes and cuts to investments in schools and other key […]

The Garden Island: Licensed to drive

February 3, 2014

(Original Post) Bill would allow undocumented residents to acquire driver’s license Posted: Monday, February 3, 2014 2:00 am Tom LaVenture – The Garden Island LIHUE — Proposed legislation would amend state requirements to allow undocumented residents to qualify for a driver’s license in the interest of public safety, identification and insurance coverage. The “Safe and […]

Tax Analysts: Short on Revenue, State and Local Governments Turn to Nonprofits

February 3, 2014

  And in North Carolina, lawmakers and leaders of nonprofits fought a bitter battle last year over exemptions for nonprofits. Ultimately, HB 998 capped nonprofits’ sales tax refunds at $45 million and required them to begin collecting sales and use taxes on admission charges to entertainment activities. Their property, income, and payroll tax exemptions were […]

La Crosse Tribune: Q&A – Gov. Scott Walker’s tax cut proposal

February 3, 2014

(Original Post) MATTHEW DeFOUR | Wisconsin State Journal | State lawmakers have nearly a billion dollars at their disposal because of higher-than-expected past and future tax revenues. As a result, Gov. Scott Walker has proposed more than $500 million in tax cuts. The Legislature will take up the plan as early as Feb. 11. Here’s […]