whiten-jon – Page 16

media mention January 2, 2023
Albany Times Union: Ending Poverty Will Take a New Look at Wealth, Too

We would do well to remember the millions of families in New York that were already experiencing the storms of poverty, inequality and policy violence, not to mention those who…
media mention January 2, 2023
Seattle Times: Proliferation of GoFundMes Reveals a Dirty Little Open Secret

This time of year, we find ourselves touched by the generosity, grace and kindness of people helping people. Extending ourselves to others reveals the best of who we are as…
media mention December 24, 2022
Yahoo Finance: These 23 Companies Got $50 Billion in Tax Breaks Due to a Trump Tax Law

The government spending bill that was just passed through the Senate and awaits approval from Congress is estimated to total nearly $1.7 trillion. While it will fund a variety of initiatives like…
blog December 20, 2022
The Tax Deal That Wasn’t: Congress Decides Corporate Tax Cuts Are Too Expensive if it Means Also Helping Children

Congressional leaders announced their long-awaited omnibus spending package which will fund the government through September 2023. The good news: the bill does not include needless corporate tax giveaways. The bad news: it also leaves out any expansion of the child tax credit.
media mention December 20, 2022
Hawaii Public Radio: Report: State could slash child poverty in half with new tax credit

The child tax credit has been available at the federal level since 1997. Before 2021, families were able to take advantage of a $2,000 credit per child. Under the American…
media mention December 15, 2022
Pluribus News: States Advance Child Tax Credits as Congress Deliberates

Lawmakers in Connecticut, New York and several other states want to expand tax breaks for families with children next year, inspired by a 2021 federal tax credit that dramatically reduced…
blog December 6, 2022
Reversing the Stricter Limit on Interest Deductions: Another Huge Tax Break for Private Equity

Private equity is doing fine on its own and does not need another tax break. Congress should keep the stricter limit on deductions for interest payments —one of the few provisions in the 2017 tax law that asked large businesses to pay a little bit more.
blog December 5, 2022
Bipartisan Retirement Proposals Are Mostly Just More Tax Cuts for the Wealthy

The EARN Act and SECURE Act 2.0, two bipartisan retirement bills working their way through Congress, are major disappointments. They would mainly provide more tax breaks for the well-off who will most likely retire comfortably regardless of what policies Congress enacts. The bills would provide modest assistance for those who really need help to save.
media mention December 3, 2022
Mississippi Public Radio: State Child Tax Credit Could Benefit Mississippi
ITEP Work in Action November 23, 2022
Montana Budget & Policy Center: Tax Credits for Workers and Families

Montana has an opportunity to invest high state revenues to support families and individuals and improve our tax system. State tax credits targeted to those in most need of assistance…
media mention November 23, 2022
The Lever: Will Biden End An Illegal $50 Billion Tax Giveaway?

The IRS is sanctioning state laws allowing rich Americans to bypass the SALT cap and avoid billions in taxes, but a new Biden nominee could end the scheme. Read more.
media mention November 23, 2022
Route 50: How Tax Credits Could Help States Reduce Child Poverty by 25%

Child poverty in the U.S. hit a record low last year, according to the U.S. Census Bureau, in part due to the American Rescue Plan Act’s expansion of the federal child…
media mention November 23, 2022
Jacobin: In Massachusetts, Unions Beat Billionaires to Pass a Tax on the Rich

Voters in Massachusetts just ratified the Fair Share Amendment, which taxes income above $1 million to fund public services. A broad coalition of labor and community groups took on billionaire…
media mention November 23, 2022
CNBC: As a Key Deadline Looms to Claim 2021 Tax Credits, Republicans Complain of ‘Suspicious Timing’ of IRS Letters

Certain tax credits were made temporarily more generous in 2021. For certain people, there still may be time to claim the money, which may add up to thousands of dollars…
blog November 21, 2022
Child Tax Credit Expansion Would Shrink the Racial Wealth Gap

Extending the expanded Child Tax Credit would benefit nearly every child in low- and middle-income families. Under current rules, 24% of white children, 45% of Black children, and 42% of Hispanic children will not receive the full credit in 2023 because their families make too little. These figures would drop to zero if the provisions were extended, helping families of all races and disproportionately helping families of color.
ITEP Work in Action November 18, 2022
The Economic Progress Institute: Rhode Island Standard of Need

With scenic beaches, culinary and arts communities, higher education institutions, and a vibrant celebration of culture, Rhode Island can be a wonderful place to live and to raise a family.…
blog November 16, 2022
States Can Halve Child Poverty with Child Tax Credits

State policymakers have the tools they need to drastically reduce child poverty within their borders. A new ITEP report, coauthored with Columbia University’s Center on Poverty and Social Policy, explores…
news release November 16, 2022
State Child Tax Credits Have Enormous Potential to Cut Child Poverty

CONTACT: Jon Whiten New state-by-state data charts a course for how states can make headway for the next generation As the dust settles on this year’s elections and state lawmakers…
ITEP Work in Action November 14, 2022
Policy Matters Ohio: Increase Family Security and Expand Opportunity in Ohio

The expanded federal child tax credit (CTC) improved the lives of millions of children and families. We outline how a simple solution — direct payments to families with children —…
media mention November 11, 2022
Policy for the People Podcast: Our Labor, Their Fortunes: Billionaires Capture Oregon’s Wealth

Wealth inequality is at mind-boggling levels in Oregon and elsewhere. Listen to Research Director Carl Davis talk about the trends here.
ITEP Work in Action November 11, 2022
Fiscal Policy Institute: Inequality in New York & Options for Progressive Tax Reform

Income statistics have long shown that the top earners in New York State earn relatively more than their counterparts elsewhere in the U.S. Income inequality alone, however, provides an incomplete…
blog November 9, 2022
Massachusetts Voters Score Win for Tax Fairness with ‘Fair Share Amendment’

In a significant victory for tax fairness, Massachusetts voters approved Question 1—commonly known as the Fair Share Amendment—Tuesday night with 52 percent of the vote. The new constitutional amendment creates a 4 percent surcharge on income over $1 million, and the revenue will specifically fund education and transportation projects in the Bay State.
ITEP Work in Action November 3, 2022
Oregon Center for Public Policy: Wealth Inequality in Oregon Is Extreme

How extreme is wealth inequality in Oregon? So extreme that, together, three billionaires residing in the state have about twice the wealth as that of the entire bottom half of…
media mention November 2, 2022
Washington Post: Tax-cut Guru Still Says He’s Right About Trump, Truss and Trickle-down

The mess in England doesn’t mean he’s wrong. Arthur Laffer, the chief cheerleader for supply-side economics since the days of Ronald Reagan, wants to make that clear. Read more.
media mention November 1, 2022
Route Fifty: In One State, a Fight Over How Tax Hikes are Passed at the Ballot Box

In Arizona, Republican legislators are asking residents to make it tougher for voters to pass ballot measures that would raise taxes. Supporters say the proposal, which will be decided in…

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