Alex Welch – Page 11

blog April 19, 2022
Some Lawmakers Continue to Mythologize Income Tax Elimination Despite Widespread Opposition

One of the most surprising trends this legislative session is that conservative leaders and the business community joined with progressive advocates to oppose income tax repeal plans. There is a general consensus that income tax repeal is a step too far.
blog April 19, 2022
Cannabis Taxes Outraised Alcohol by 20 Percent in States with Legal Sales Last Year

In 2021, the 11 states that allowed legal sales within their borders raised nearly $3 billion in cannabis excise tax revenue, an increase of 33 percent compared to a year earlier. While the tax remains a small part of state budgets, it’s beginning to eclipse other “sin taxes” that states have long had on the books.
blog April 18, 2022
Public Problems Demand Public Solutions

Long-term troubles for this country and this planet now demand our attention. Progressive tax policy would transform our ability to tackle them.
blog April 6, 2022
Frequently Asked Questions and Concerns About the President Billionaires’ Minimum Income Tax

Find the answers to some frequently asked questions about President Biden’s Billionaires’ Minimum Income Tax, which would limit very wealthy individuals’ ability to put off paying income taxes on capital gains until they sell assets.
ITEP Work in Action April 6, 2022
DC Fiscal Policy Institute: DC’s Earned Income Tax Credit – The Most Generous in the Nation, but not the Most Inclusive

The DC Earned Income Tax Credit (EITC) is a powerful tool for advancing racial, gender, and economic equity. Modeled after the federal tax credit by the same name, DC’s EITC…
blog March 31, 2022
Racial Discrimination in Home Appraisals Is a Problem That’s Now Getting Federal Attention

With both assessments and appraisals being unfair, homeowners of color are stuck between a rock and a hard place when it comes to determining the worth of what is, for most homeowners, their most valuable asset.
ITEP Work in Action March 29, 2022
The Commonwealth Institute for Fiscal Analysis: Gas Tax Proposal Misses the Mark

Earlier this month, Virginia Gov. Glenn Youngkin announced a new policy proposal to suspend the state’s 26-cents per gallon gas tax for three months and to cap gas tax rates…
news release March 28, 2022
ITEP Statement on Biden Administration’s Billionaire Minimum Income Tax Plan

The following is a statement from Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, on the Biden administration’s inclusion of a Billionaire Minimum Income Tax in…
report March 25, 2022
What the Biden Administration Can Do on Its Own, Without Congress, to Fix the Tax Code

The Biden administration has several options to address tax reform even when Congress is unable or unwilling to help.
blog March 24, 2022
Women’s History Month is a Reminder that Sensible Tax Policy is Central to Women’s Economic Security

Women’s History Month is a chance to remember what happens for women when tax policy becomes more progressive, boosts income, and helps make raising a family more affordable.
ITEP Work in Action March 23, 2022
New Hampshire Fiscal Policy Institute: Expansions of the Earned Income Tax Credit and Child Tax Credit in New Hampshire

Prior to the temporary expansions, nearly one in five likely eligible Granite Staters did not claim the EITC, and approximately 7,745 children were estimated to be eligible for the CTC…
March 21, 2022
Tax Breaks for Elderly Taxpayers in the States in 2022

Read as PDF
ITEP Work in Action March 14, 2022
Georgia Budget and Policy Institute: House Proposes Massive Tax Cuts for Wealthiest, Slashing State Revenues

Members of the Georgia General Assembly are considering legislation that would fundamentally change the structure of the tax code and result in disproportionately large tax cuts for the wealthiest while…
blog March 11, 2022
What We Can Learn Today from the American Rescue Plan – and Sen. Rick Scott’s Proposed Tax Increases

The success of the American Rescue Plan Act is worth revisiting today. Instead of pursuing Sen. Rick Scott’s agenda of making life more difficult for those already working the hardest, Congress should extend or make permanent some of the beneficial policies in ARPA.
ITEP Work in Action March 10, 2022
California Budget & Policy Center: California’s Tax & Revenue System Isn’t Fair for All

Californians need quality public health and schools, access to affordable housing and clean water, and safe roads and neighborhoods along with many more services to live and thrive – no…
report March 7, 2022
State-by-State Estimates of Sen. Rick Scott’s “Skin in the Game” Proposal

A proposal from Sen. Rick Scott would increase taxes for more than 35% of Americans, with the poorest fifth of Americans paying 34% of the tax increase.
blog March 1, 2022
Taxes Should be Part of the State of the Union Agenda

President Biden should elevate his tax and revenue proposals which remain essential if we are to pay for environmental restoration, health priorities and peacekeeping, the front-burner items that may dominate the speech.
ITEP Work in Action February 23, 2022
New Jersey Policy Perspective: Making New Jersey Affordable for Families – The Case for a State-Level Child Tax Credit

A state-level child tax credit would recognize the unique costs of raising children and the support that most families need to care for their kids and set them up for…
blog February 22, 2022
Senate Republicans Revive the Myth of the Takers

Sen. Scott and others who favor shifting taxes away from the rich and down the income distribution often focus solely on the federal personal income tax and ignore all the other taxes that Americans pay.
blog February 17, 2022
The Federal Gas Tax Holiday is Not a New Idea, Just a Bad One

The argument for suspending the gas tax, which would cost $20 billion, is weaker than ever.
blog February 16, 2022
Imagine a Better Tax Code, Use Evidence to Make It Real

It’s become popular to urge people to imagine a better world. But on tax policy, the last year gives us ample evidence that lets us move far beyond imagining.
ITEP Work in Action February 15, 2022
West Virginia Center on Budget and Policy: House Personal Income Tax Cut Plan Largely Benefits Wealthy, Not Fiscally Sustainable

The West Virginia Legislature has introduced a bill to cut and eventually eliminate the state’s personal income tax. The House Finance Committee voted to advance that bill to the House…
ITEP Work in Action February 14, 2022
Oklahoma Policy Institute: Strengthening the Grocery Tax Credit Would Provide Fiscally Smart Tax Relief to Working Oklahomans

Oklahoma can effectively eliminate the state and local sales tax on groceries for most low-income families by strengthening the Sales Tax Relief Credit. At a time when many Oklahomans are…
ITEP Work in Action February 10, 2022
Common Good Iowa: New Income Tax Cuts – a Recipe for Disaster and Inequity

Iowa lawmakers have repeatedly cut taxes over the last three decades in ways that provide the greatest benefits to the highest-income taxpayers while ratcheting down investments that historically made the…
report February 8, 2022
Federal EITC Enhancements Help More Than One in Three Young Workers

More than one in three young adults would benefit from workers without children being eligible to receive the federal EITC. This policy change would bolster young adults’ economic security.

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