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media mention January 25, 2021 The Nation: These Progressives Helped Keep Hope Alive in 2020—and Prepare Us for 2021
The Nation’s annual honor roll recognizes progressive activists and leaders who helped keep hope alive and set the groundwork for transformational change in 2021. Since taking over in 2019 as… -
media mention January 25, 2021 Newsweek: Third Stimulus Check of $1,400 Will Likely Be Passed by End of March, Analysts Say
A study released earlier in January by the Institute on Taxation and Economic Policy indicated that the bottom 60 percent of U.S. earners would see a “significant” impact to their finances with… -
January 21, 2021 On COVID-19 and Economic Recovery “There will be calls for austerity from politicians who were happy to incur debt to pay for tax cuts but now want to deny necessary… -
media mention January 20, 2021 MarketWatch: Here’s the Maximum Amount Biden’s Stimulus Checks and Tax Credits Would Deliver to America’s Poorest Families
For the bottom 60% of incomes, the new round of direct payments, plus the two expanded tax credits would average $3,520, equaling around 11% of annual income, the Institute on… -
media mention January 20, 2021 The Daily Northwestern: Advocates Against Income Inequality Reassess After the Fair Tax Act’s Failure
The Fair Tax Amendment would have introduced a progressive income tax to Illinois. The state currently mandates a flat income tax of 4.95 percent. Illinois ranks eighth in the country… -
news release January 20, 2021 ITEP Statement on President Biden’s Inauguration: Ready for Change
Media contact Following is a statement by Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, regarding President Biden’s inauguration. “Today, we pause to recognize President Joe… -
media mention January 16, 2021 Yahoo!Money: Here’s Who Gets a Payment under Biden’s $1,400 Stimulus Check Proposal
The $2,000 stimulus checks would also mean a big increase in income for America’s poorest families. The 20% of households with the lowest incomes would see their annual income increase… -
brief January 15, 2021 ANALYSIS: Cash and Tax Provisions in Biden’s Economic Recovery Plan
The $1.9 trillion economic recovery plan, known as the American Rescue Plan, announced by President-elect Biden contains, among other provisions, expanded cash payments and changes to the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC).
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blog January 15, 2021 Happy Double Take: A President Who Takes Economic Challenges Seriously
After a solid year of federal policy doing too little to combat staggering job loss, spiking poverty, a raging pandemic and nearly 400,000 COVID deaths, we are ready for a leader who wants to hunker down and get to work on behalf of the people. So we did a happy double take when President-elect Joe Biden outlined his economic plan last night.
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media mention January 14, 2021 WWD: Execs Flag ‘Concerns’ Over Corporate Taxes Amid Rising Inequality
“The lack of accessible child care, climate change, inequality…all these things are pretty basic existential threats for American workers, families and America as a nation,” said Gardner. “And the only… -
ITEP Work in Action January 12, 2021 Policy Matters Ohio: Ohio Needs a Corporate Profits Tax
Moreover, the 2017 federal tax law has put more money in the pockets of many Ohio business owners. The Tax Cuts and Jobs Act, slashed corporate taxes and provided a… -
blog January 12, 2021 New Jersey Leads by Example with Its New Cannabis Tax
New Jersey lawmakers passed an innovative tax design that other states debating cannabis legalization should look to for inspiration. The state officially legalized cannabis in November when voters overwhelmingly approved a constitutional amendment by a margin of 67 to 33 percent. The amendment applied the state’s general sales tax to cannabis and allowed local governments to create their own taxes on the industry. The legislature added the most notable part of the tax structure last month with a Social Equity Excise Fee.
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map January 8, 2021 New Leadership Should Seize Tax Justice Mandate; Cash Payments Offer On-ramp
With the victory of Senators-elect Raphael Warnock and Jon Ossoff in Georgia, Democrats now control all three branches of government. New leaders should seize this moment to create a tax code that does much more to reduce inequality and to resource long-overdue investments in climate, health, education and other essentials. Most immediately, the historic election shifts power, making it easier to deliver on the promise to increase the recently enacted $600 cash payments to $2,000 per person.
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news release January 7, 2021 Dems Promised $2,000 Payments. Here’s What that Would Mean for Taxpayers Across the Income Spectrum.
New estimates from ITEP show how taxpayers across the income spectrum would fare should Democrats enact the $2,000 payments they promised would happen if they gained control of the Senate.
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blog January 6, 2021 How the Proposed $2,000 Cash Payments Compare to the $600 Already Provided by Congress
On Dec. 28, the House of Representatives passed the Caring for Americans with Supplemental Help (CASH) Act of 2020, which would increase the cash payment recently provided by Congress from $600 per person to $2,000 per person, among other changes. New estimates from ITEP compare the impacts of $2,000 payments to $600 payments.
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media mention December 28, 2020 Feet to the Fire: Taxes in the Time of COVID
ITEP Executive Director Amy Hanauer joined Jim Lardner’s Feet to the Fire podcast to speak about how we can seize this moment to promote higher taxes on corporations and the… -
map December 23, 2020 A Visual History of Sales Tax Collection at Amazon.com
Today, Amazon is collecting state-level sales taxes on all its direct sales but it still usually fails to collect sales tax on the large volume of sales it makes through the Amazon Marketplace. This points to a broader problem in state tax enforcement that lawmakers in many states are moving quickly to address with laws and administrative action requiring tax collection by Amazon and other large online marketplaces such as Etsy and eBay.
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media mention December 22, 2020 Delaware Business Times: Congress Approves $900 Billion Stimulus
The stimulus, approved as part of a large end-of-year catchall package including traditional spending measures, also allocates $82 billion in support to school systems and higher education institutions, $10 billion… -
media mention December 21, 2020 Newsweek: Millions of Americans Who Missed Out on Stimulus Checks Will Qualify Under New Deal
Democrats, along with immigration groups, would have preferred to also include millions of ITIN immigrant taxpayers, who makeup a large portion of essential workers. The left-leaning Institute On Taxation and Economic Policy estimates that… -
news release December 21, 2020 COVID Relief Bill Will Help Families Now; Bigger, Bolder Package Needed in 2021
Following is a statement from Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, regarding the COVID-19 relief deal reached Sunday night.
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map December 21, 2020 National and State-by-State Estimates of New $600 Cash Payments
The House and Senate are about to pass the first COVID-19 relief legislation since the CARES Act was enacted in March. The new relief package includes, among other provisions, cash payments of $600 per person, which is half as large as the payments provided under the CARES Act, but also extends payments to spouses and children of certain undocumented immigrants who were left out of the previous payments.
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media mention December 18, 2020 The American Prospect: Can Corporate Tax Incentives Revive a Pandemic Economy? New Jersey Thinks They Can.
“New Jersey has really been an exemplar this year in positive progressive tax policies, with their millionaire’s tax and extension of the Earned Income Tax Credit—which are really the best… -
media mention December 16, 2020 The American Prospect: The Day One Agenda for Corporate Taxes
Even without Congress, President-elect Biden’s regulatory agencies can fix a lot of problems with the corporate tax code. BY STEVE WAMHOFF, MATTHEW GARDNER The public has long told pollsters that… -
ITEP Work in Action December 10, 2020 Center on Budget and Policy Priorities: Improved State Taxes on Wealth, High Incomes Can Help Fuel an Equitable Recovery
Families’ access to wealth has played a large role in determining how the pandemic has affected them. The worst of the economic and health effects have largely bypassed wealthier, higher-paid… -
media mention December 10, 2020 Bloomberg: Musk Flees California. He Now Faces a Battle to Escape Its Taxes
Fear of rich people moving for tax reasons is overblown, says Carl Davis, research director at the left-leaning Institute on Taxation and Economic Policy, or ITEP. Studies show the wealthy…