Alex Welch – Page 13

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.
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.

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