Alex Welch – Page 12

blog February 7, 2022
Amazon Avoids More Than $5 Billion in Corporate Income Taxes, Reports 6 Percent Tax Rate on $35 Billion of US Income

Amazon avoided about $5.2 billion of federal income tax on its record $36 billion in U.S. pretax income for fiscal year 2021.
ITEP Work in Action February 7, 2022
Idaho Center for Fiscal Policy: HB 436 Tax Cuts Benefit Wealthy Idahoans

The tax cuts proposed in HB 436 would benefit wealthy Idahoans the most. The bill would also collapse the state’s five tax brackets to four, and would lower the income…
ITEP Work in Action February 7, 2022
Idaho Center for Fiscal Policy: Idaho Families Would Benefit From Move to Include More Children in State’s Child Tax Credit

From housing to child care, hard-working Idaho families face high costs in our growing state. Since 2018, Idaho’s tax code has supported families through the state Child Tax Credit (CTC).…
ITEP Work in Action February 7, 2022
Hawai’i Budget & Policy Center: Expanding Economic Opportunity with the Hawai’i EITC

Hawai’i’s working families continue to struggle with the nation’s highest gap between median earnings and the cost of living, and this difficult reality has only been made harsher by the…
ITEP Work in Action February 7, 2022
Arkansas Advocates for Children and Families: Tax Cut Plan Even More Expensive, Skewed Toward The Wealthy

The likely proposal for the long-discussed special session seems to have settled, and its main feature would be to cut the top personal and corporate income tax rates. This disproportionately…
ITEP Work in Action February 7, 2022
Wisconsin Budget Project: Tax Shift Would Hike Taxes for People with Low Incomes and Give a Big Tax Cut to the Top 1%

Last month, an influential group of lobbyists released a proposal to raise Wisconsin’s sales tax to 8%, making it the highest state sales tax in the country, and eliminate the state…
ITEP Work in Action February 7, 2022
The Commonwealth Institute: Youngkin Administration’s Proposals Would Sharply Reduce State Resources, Largely Exclude Working Families with the Lowest Incomes

The Youngkin administration’s tax plan would leave out nearly 80 percent of the over 800,000 taxpayers in Virginia who have incomes below $24,000. Gov. Youngkin’s proposed changes would also sharply…
ITEP Work in Action February 7, 2022
One Voice: Eliminating Individual Income Tax is Bad for Mississippi

House Bill 531 would eliminate the state individual income tax. Eliminating the income tax is bad for Mississippi, especially the state’s working families, communities of color, and retirees. While some…
ITEP Work in Action February 7, 2022
Alabama Arise: Eliminating State Grocery Tax Would Make Life Better for Alabama Families

Two bills in the 2022 regular session would end the state grocery tax while protecting school funding. The graph below shows how millions of Alabamians would benefit. Untaxing groceries quickly…
ITEP Work in Action February 4, 2022
Open Sky Policy Institute: Most Nebraskans Left Behind by Income Tax Cut Bills

Non-Nebraskans, corporations and wealthy residents would be big winners under the latest income tax cuts proposed in in LB 938 and LB 939. Meanwhile, the bills – which would ratchet the state’s top…
blog February 1, 2022
Netflix Posts a Record $5.3 Billion in Profits and a Federal Tax Rate of Just 1.1 Percent

Netflix’s 2021 financial report shows it doubled its profits to $5.3 billion from the previous year and reported an effective federal corporate income tax rate of 1.1 percent.
ITEP Work in Action February 1, 2022
Connecticut Voices for Children: Steps to a Fairer Tax System

Although Connecticut has the second highest level of per capita personal income in the US, making it exceptionally wealthy overall, many families consistently struggle because Connecticut also has the second…
blog January 31, 2022
Build Back Better’s Tax Provisions Would Help Advance Racial Equity

Build Back Better can help ensure that all people are provided with the chance to lead healthy lives, have access to quality education, are treated fairly and justly, and thrive in today’s economy.
blog January 19, 2022
Mississippi Is the Latest in a String of States Pursuing Short-Sighted, Top-Heavy Tax Cuts

Not only is Mississippi’s latest tax proposal deeply inequitable, the state simply cannot afford it.
blog January 14, 2022
The Compelling Data and Moral Case for Continuing the Child Tax Credit Expansion

In just six short months, the enhanced Child Tax Credit (CTC), enacted as part of the American Rescue Plan (ARP), decreased the number of children living in poverty by 40 percent. ITEP estimated that the lowest-income 20 percent of households with children would receive a 35 percent income boost from this policy alone in 2021. This is a meaningful, life-changing sum.
blog January 13, 2022
The Problem with Returning to a $2,000 Non-Refundable Child Tax Credit

Prior to last year, more than one in three children lived in households with incomes too low to receive the full $2,000 credit because it is not fully refundable. This means earnings requirements and other limits reduce the amount tax filers can receive as a refund. In fact, the maximum refundable portion is reduced to $1,400 (less than half of the maximum refundable credit available in 2021).
blog January 11, 2022
School’s In: Tackling College Affordability Through State Tax Codes

Given that a sweeping federal solution to the college affordability crisis does not appear to be on the immediate horizon, it is even more important that states take whatever steps they can to expand college access and affordability. While most of that effort will need to occur on the spending side of the ledger—such as through lowering tuition costs, expanding financial aid, or perhaps even funding free college outright—tax policy also has a role to play.
blog January 10, 2022
The New Trend: Short-Sighted Tax Cuts for the Rich Will Not Grow State Economies

The same legislators who touted tax cuts for the rich as solution to our problems before the pandemic are also saying tax cuts for the rich are a solution during the pandemic. Tax cuts cannot be a solution to everything, especially at a time when the richest Americans are amassing more wealth than ever.
blog January 10, 2022
Investing in a Joint Future: Harnessing State Tax Codes

Rather than resorting to tax cuts, which can eventually create revenue shortfalls, lawmakers should determine whether they have adequately invested in people and communities. There are better ways to leverage tax systems to help those who need it most.
blog December 21, 2021
Why Treasury’s Pending Race-Based Analysis of Stimulus Payments is Important

One important data inadequacy is the lack of demographic information in tax data. While the IRS data offers rich data on taxpayer income, it does not collect information on important demographic characteristics like race and ethnicity. This presents a challenge for researchers interested in the racialized impacts of the U.S. tax system and has prompted many researchers and organizations to advocate for public-use tax data that is disaggregated by race and ethnicity.
blog December 14, 2021
ITEP Data on Child Tax Credit and Earned Income Tax Credit Provisions Before Congress

Congress expanded the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) for 2021 as part of the American Rescue Plan Act (ARP). The additional benefits that millions of…
brief December 12, 2021
Resources on the Build Back Better Agenda

President Biden’s American Families Plan (AFP) would use personal income tax increases on very well-off individuals to finance investments in people—in childcare, education, higher education, reducing child poverty, and other related measures. The following analyses provide more information about the revenue proposals in the AFP.
blog December 9, 2021
Tax Credits in Build Back Better Support Millions of Families

The EITC and CTC are proven poverty-fighting tools. The monthly CTC payments alone kept 3.6 million people out of poverty in October. This policy success is worth repeating.
ITEP Work in Action December 8, 2021
The Commonwealth Institute: Tax Proposals Would Reduce Resources for Education, Transportation, and Other Priorities

The incoming Youngkin administration and state lawmakers have proposed several major tax proposals to reduce taxes for individuals and businesses. These include one-time tax rebates, dramatically increasing the state standard…
December 8, 2021
Alex Welch

Alex leads the organization’s graphic design work and content creation for email, social media and website. Prior to joining ITEP, Alex served as the Digital & Media Manager for the Georgia Budget and Policy Institute.

ITEP's Research Priorities