ITEP's Research Priorities
Gov. Hutchinson’s low-income tax plan: A good start, but needs work
January 25, 2017 • By ITEP Staff
Governor Asa Hutchinson’s new tax cut proposal includes a break, at long last, for some of the lowest income working families in our state. The bones of this plan are good – it isn’t too expensive, and it includes a portion of the families making less than $21,000 a year who were left out of […]
Statement on Governor Hutchinson’s Low-Income Tax Plan
January 25, 2017 • By ITEP Staff
The following is a statement from Rich Huddleston, executive director of Arkansas Advocates for Children and Families: Read more here
The Arizona Center for Economic Progress: Questions and Answers About Arizona’s State Budget and Taxes 2017
January 24, 2017 • By ITEP Staff
State budgets and taxes are the foundation for achieving our common priorities that will lead to more quality jobs, a strong economy, and thriving communities. This publication provides information and analysis to help policymakers, community leaders, and community-based organizations make good decisions about Arizona’s state budget and taxes to reach those goals. These questions and […]
WDEF: HOW WOULD TENNESSEE STACK UP AGAINST OUR NEIGHBORS WITH NEW GAS TAX?
January 23, 2017 • By ITEP Staff
“Governor Haslam argues that Tennessee hasn’t raised the gas tax in a long time. In fact, the Institute on Taxation and Economic Policy finds that the 27 years since we raised the tax is one of the longest streaks in the nation. Tennessee ranks 5th longest without a tax increase in their graph.” Read more
Bloomberg BNA: Congress, Courts, Oil Among Pressures on State Budgets
January 23, 2017 • By ITEP Staff
“A further problem facing oil states such as Oklahoma, Louisiana, North Dakota and West Virginia is deep cuts they made to severance and other taxes “when times were good,” Carl Davis, research director at the Institute on Taxation and Economic Policy, told Bloomberg BNA.” Read more
Politico: Mnuchin hits the hot seat
January 23, 2017 • By ITEP Staff
“Another progressive group, the Institute on Taxation and Economic Policy, found that Fortune 500 companies would rack up more than a half-trillion dollars due to Trump’s onetime 10 percent repatriation rate.” Read more
Star Ledger: Will Trump deport N.J. unauthorized immigrants in college under Christie ‘Dream Act’?
January 23, 2017 • By ITEP Staff
“A 2015 analysis by non-partisan Institute on Taxation and Economic Policy found that New Jersey has an estimated 528,000 unauthorized immigrants, and their average family income was just $34,500.” Read more
New York Times: Federal Policy Will Shift. Not All States Will Shift With It.
January 23, 2017 • By ITEP Staff
“But the Institute on Taxation and Economic Policy in Washington reports that these fears were overblown, citing a recent Stanford University study. It found that million-dollar income earners are actually less likely to move than Americans earning only average wages; fewer than 2 percent of the tiny fraction of those millionaires who did move cited […]
News-Times: Estate tax change makes no sense
January 23, 2017 • By ITEP Staff
“According to the Institute on Taxation and Economic Policy, Connecticut’s top 1 percent (making more than $1.33 million a year) saw just 5.3 percent of their incomes go to taxes in 2015 (income, and sales). Conversely, the bottom 20 percent (making less than $25,000 a year) paid nearly twice that. Meanwhile, 40 percent paid a […]
Washington State Budget & Policy Center: Closing the Tax Break on Capital Gains
January 20, 2017 • By ITEP Staff
A capital gain is the profit an individual receives from the sale of a financial asset. Currently, Washingtonians receive a tax break on the profits they make from the sale of high-end capital assets. This tax break contributes to our state having the most upside-down tax code in the nation, in which people with low […]
Tax Justice Digest: Kansas again, state budget woes, and corporate tax cuts
January 19, 2017 • By ITEP Staff
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Trickle-down policies did not and will not work In December, Kansas Gov. Sam Brownback told the Wall Street Journal that […]
ATTN: Robert Reich Addressed This Claims About Undocumented Workers ‘Stealing Jobs’
January 19, 2017 • By ITEP Staff
“According to a 2016 report from the left-leaning Institute on Taxation and Economic Policy, undocumented immigrants contribute about $12 billion in local and state taxes each year. The group also contributed about $7 billion toward Social Security, which they are barred from benefiting from, the conservative think tank Heritage Foundation estimated.” Read more
The Street: Why Trump’s Potential $500 Billion Tax Holiday Could Make Apple and Microsoft Huge Winners
January 19, 2017 • By ITEP Staff
“Major corporations including Apple (AAPL) , Microsoft (MSFT) and Oracle (ORCL) will save billions of dollars in taxes if Trump is able to enact the repatriation holiday he promised on the campaign trail, according to a new analysis from the Institute on Taxation and Economic Policy (ITEP), a Washington, D.C.-based think tank. Instead of taxing […]
Policy Matters Ohio: Flat tax would mean more taxes for most
January 19, 2017 • By ITEP Staff
Nearly three-quarters of Ohioans would pay more in state income taxes under flat-rate tax plans for which a joint legislative commission is developing an implementation plan. At the same time, the most affluent 1 percent of Ohioans would see tax cuts averaging $4,000 or more a year. Nearly three-quarters of Ohioans would pay more […]
Maine Center for Economic Policy Releases Findings Related to Distributional Impacts of Governor LePage’s Budget Proposal
January 19, 2017 • By ITEP Staff
MECEP finds that Governor LePage’s budget proposal includes an upside down tax plan that will lead to the following outcomes: Taxes will go up on average for Maine families with income below $92,000. This represents the bottom 80% of Mainers who will see an average tax increase of approximately $85. The top 1% of […]
Trump Plan to Give Billions in Tax Breaks to Multinational Corporations May Have Bipartisan Support
January 18, 2017 • By Richard Phillips
There are a lot of troubling components of the tax reform packages being proposed by President-Elect Donald Trump and the House GOP, but one that especially stands out is the push to give companies a tax break on the earnings they are holding offshore. Unfortunately, proposals rewarding the nation’s most egregious tax dodging multinational corporations […]
Kansas State of the State: Worlds Apart
January 18, 2017 • By Lisa Christensen Gee
Back in December, Kansas Gov. Sam Brownback gave an interview with the Wall Street Journal and suggested President-elect Trump should follow his state’s example and cut taxes as well as spending. The sheer gall of the suggestion belies the fact that Kansas’s tax cuts have resulted in credit downgrades, lack of adequate funding for essential […]
State Rundown 1/18: Revenue Woes Piling Up Faster Than Solutions
January 18, 2017 • By ITEP Staff
This week we continue to track revenue shortfalls, governors’ budget proposals, and other tax news around the country, finding most proposals to be focused on slashing taxes and reducing public investments despite public opinion and economic research showing the benefits of well-funded state services and progressive tax policies. — Meg Wiehe, ITEP State Policy Director, […]
Connecticut Voices for Children: Revenue Options are Key to Addressing Budget Shortfalls and Supporting Thriving Communities
January 18, 2017 • By ITEP Staff
Long-term investments in children and families have been the cornerstone of the state’s prosperity. To preserve these investments and support long term economic health, a balanced approach to the upcoming biennial budget must include new resources. Read more here
Hawaii Tax Fairness Coalition: Tax Fairness Flyer
January 18, 2017 • By ITEP Staff
Hawaiʻi has the lowest wages in the nation after adjusting for our cost of living, which is the highest in the nation. We also place the 2nd highest tax burden in the country on our low-income households. Faced with this one-two-three punch, almost half of our state’s residents are living paycheck-to-paycheck. Read more here
Hawaii Tax Fairness Coalition:
January 18, 2017 • By ITEP Staff
Hawaiʻi ranks second nationally in how heavily we tax our low-income households. In fact, we are in the minority of states that actually pushes low-income people deeper into poverty with taxes. As a result, nearly half of our state’s residents live paycheck-to-paycheck. Read more here
Multinational Corporations Would Receive Half a Trillion in Tax Breaks from Trump’s Repatriation Tax Proposal
January 18, 2017 • By Richard Phillips
One of the central questions for lawmakers looking to reform the federal tax code this year is how to address the $2.5 trillion in earnings that U.S. companies are holding offshore to avoid taxes. Lawmakers on both sides of the aisle have supported proposals that would either require or allow companies to repatriate these earnings to the United States at a discounted tax rate. These proposals have ranged from letting companies repatriate their earnings tax-free to requiring them to immediately pay a discounted rate of 20 percent. All of the proposals would give corporations a substantial tax discount and forego…
Trump/Congressional Tax Holiday Would Net $514 Billion Corporate Tax Break
January 18, 2017 • By ITEP Staff
Fortune 500 corporations stand to reap $514 billion in tax breaks under President-elect Trump's proposal to allow companies to pay only a 10 percent tax rate on offshore profits. And the 10 firms that have most aggressively shifted their profits offshore would glean fully 25 percent of this massive corporate tax break, the Institute on Taxation and Economic Policy (ITEP) said today.
Congress Shouldn’t Defy Public Opinion and Good Policy by Cutting Taxes for Corporations and the Wealthy
January 17, 2017 • By Richard Phillips
Members of Congress have floated fundamental changes to the tax code for years, but last week marked a ramping up of these efforts as Republican Speaker of the House Paul Ryan met with President-elect Donald Trump and his advisors to discuss how to move forward with tax reform in 2017. Plans floated by the incoming […]
State of Play: The Coming Debate Over the Ryan and Trump Tax Plans
January 17, 2017 • By Richard Phillips
If the incoming Trump Administration and Republican-lead Congress have their way, fundamental changes to the tax code are afoot. The most important similarity between the Ryan and Trump tax plans are dramatic reductions in the corporate tax rate and across-the-board tax cuts whose benefits primarily flow to the richest Americans. Because of their potentially catastrophic […]
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.