ITEP's Research Priorities
New Study: Increase in Working from Home Could Depress Commercial Real Estate Prices, Reduce Local Tax Revenue
November 4, 2021 • By ITEP Staff
Covid-19 dramatically altered how and where many employees work, a shift that could have a long-term negative effect on commercial real estate occupancy rates and, ultimately, on local governments’ tax revenue base, a new study reveals. The Impact of Work from Home on Commercial Property Values and the Property Tax in U.S. Cities concludes that even as the recovery strengthens, if […]
The Impact of Work From Home on Commercial Property Values and the Property Tax in U.S. Cities
November 4, 2021 • By ITEP Staff
The fiscal implications of a decline in commercial property values are important because the property tax is the dominant local source of taxes, and commercial property makes up a significant portion of the property base in cities.
Senators Menendez and Sanders Show the Way Forward on the SALT Cap
November 3, 2021 • By Steve Wamhoff
Amending the Build Back Better bill to fully repeal the SALT cap would mean that the richest 1 percent could pay less in personal income taxes than they do now, which goes against everything President Biden has said for the past year as he promoted this legislation.
Washington Post: Democrats look at expanding minimum tax on wealthy in exchange for state and local tax break
November 3, 2021
“The majority of benefits from repealing the SALT cap just go to the 1 percent,” said Steve Wamhoff, a tax expert at the Institute on Taxation and Economic Policy. “If BBB [the Build Back Better legislation] is amended to include that, we could be looking at a bill that cuts taxes for a lot of […]
Newsmax: Dems Consider Upping Minimum Tax on Rich in Exchange for SALT Deduction Cap
November 3, 2021
Steve Wamhoff, an expert on taxes with the Institute on Taxation and Economic Policy, said that “the majority of benefits from repealing the SALT cap just go to the 1 percent. If BBB [the Build Back Better legislation] is amended to include that, we could be looking at a bill that cuts taxes for a […]
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