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media mention December 23, 2021 CNBC: Some Americans may receive more stimulus money this tax season
Still, many America have money coming to them if they still have not received all that was due them from the three stimulus checks, or if they are eligible for… -
media mention December 21, 2021 Zero Hedge: American “Super Rich” Feel “Immense Relief” As ‘BBB’ Tax Hikes Are Canceled
Of course, a bunch of admittedly left-leaning economists say the Democrats’ plan would help “reduce inequality.” Though many of Democrats’ more radical tax proposals were scaled back or dropped in… -
media mention December 20, 2021 NBC News: Build Back Better demise ‘a crushing blow’ to child tax credit payments, advocates say
About 10 million children could sink into poverty or deeper into poverty if the credit is discontinued, according to CBPP. The poorest 20 percent in the U.S. would experience a… -
media mention December 20, 2021 Bloomberg: Super-Rich Americans Feel Relief as Tax Hikes Canceled for Now
Though many of Democrats’ more radical tax proposals were scaled back or dropped in negotiations, the bill would be “a meaningful step for reducing inequality,” said Carl Davis, research director… -
media mention December 18, 2021 CNBC: Parents Worry About the End of Monthly Child Tax Credit Payments
The lowest-income households will be hit the hardest. If the credit were continued through 2022, the poorest 20% of families would have seen a 35% income boost, according to a… -
blog December 17, 2021 Pandemic Policies Demonstrate Government Can Address Widening Economic Inequality If Policymakers So Choose
We are surrounded by evidence that economic inequality is spinning out of control, yet we also see straightforward examples of how government can stop the downward spiral should it choose to do so. The Build Back Better Act, which invests in communities and ensures the wealthy and corporations pay their fair share, is one such example. Congress should pass it.
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media mention December 16, 2021 The Hill: Build Back Better is a chance to finally make corporate taxes line up better with profits
These planning opportunities have long helped to make corporate tax avoidance both incredibly successful and publicly infamous. Between 2018 and 2020, the Institute on Taxation and Economic Policy reports that 39… -
media mention December 16, 2021 Time: A Wonky Tax Break for the Well-Off Is a Bigger Problem for Democrats Than You’d Think
That’s because raising the cap on SALT deductions from $10,000 to $80,000, as prescribed in the House-passed version of BBB, would disproportionately help taxpayers rich enough to benefit from itemizing… -
media mention December 16, 2021 McClatchy: Parents Are Receiving Their Final Monthly Child Tax Credits. Will Congress Bring Them Back?
Continuing the expanded credit in 2022 would mean these savings for California families with tax cuts next year, according to the Institute on Taxation and Economic Policy: — Less than… -
media mention December 10, 2021 Bloomberg: SALT Debate Forces Rich Americans to Confront Widening Tax Gap
Lawmakers in Arizona, Arkansas, Idaho, Iowa, Louisiana, Missouri, Montana, North Carolina, Ohio and Oklahoma have also approved cuts to their top personal income tax going into effect either this year… -
media mention December 9, 2021 USA Today: With inflation spiking, will states and voters give grocery taxes a second look?
Read more: https://www.usatoday.com/story/news/politics/2021/12/08/inflation-food-prices-grocery-taxes/8800601002/?gnt-cfr=1 -
media mention December 9, 2021 Arkansas Democrat-Gazette: Income tax cut bills roll through Arkansas House and Senate; steel plant incentive also meets approval
The state Democratic House Caucus held a news conference Wednesday morning to release several proposals that they said would be a better use of the $600 million a year that… -
media mention December 9, 2021 NJ.com: 96% of N.J. residents would get their full property tax break restored under this Senate plan
According to the progressive Institute on Taxation and Economic Policy, the Senate proposal would encompass 96% of New Jersey taxpayers. The higher cap for what is known as SALT would… -
media mention December 7, 2021 Tax Notes: Looking Ahead: State Tax Policy Trends To Watch Next Year
This pod cast features ITEP research director Carl Davis: https://www.forbes.com/sites/taxnotes/2021/12/07/looking-ahead-state-tax-policy-trends-to-watch-next-year/?sh=7f2a4ba02add -
media mention December 7, 2021 McClatchy: What would the Biden tax-break plan mean for your wallet?
Most families with children as well as taxpayers with higher six-figure incomes are the biggest California winners from the tax changes in the Biden administration’s Build Back Better plan so… -
media mention December 5, 2021 Washington Post: Treasury officials raised concerns about new minimum tax on corporations, key to Biden spending plan
The proposal gained traction among some liberals in recent years amid reports that 55 major corporations are effectively able to zero out their tax liability by aggressive use of tax… -
media mention November 18, 2021 New York Times: A proposed minimum tax would hit Amazon, Facebook and others, a report shows
“Giant corporations have figured out how to game the system so that the costs of running this country are borne by hardworking families while these big corporations scoop up all… -
blog November 9, 2021 Paying The Estate Tax Shouldn’t Be Optional for the Super Rich
ProPublica this year released multiple exposés revealing how the nation’s wealthiest individuals and families avoid taxes on an unimaginable scale. Most recently, it uncovered Republican and Democratic elected officials and political… -
media mention November 8, 2021 PennLive: Several billionaires received federal direct relief payments, report says
Institute on Taxation and Economic Policy responded to the controversy via Twitter: “This disgrace is why we need real tax reform.” Tax reform is exactly what Democratic lawmakers have been advocating.… -
media mention November 8, 2021 New York Post: At least 18 billionaires got COVID stimulus checks, report claims
The Institute on Taxation and Economic Policy, a left-leaning think tank, called ProPublica’s findings a “disgrace” that shows “why we need real tax reform.” Read more -
media mention November 8, 2021 The Washington Post: Biden’s minimum tax proposal could hit these ultra-profitable corporations
In 2020, 55 profitable corporations paid no federal income tax, according to an analysis by the Institute on Taxation and Economic Policy, a progressive think tank. Biden noted the statistic while… -
media mention November 8, 2021 Star-Ledger: On SALT, Dems push tax relief for the rich, not the middle class
It’s true: Eliminating the limit on the SALT deduction would be more costly than the other parts of Biden’s social spending agenda, including the extension of the child tax credit,… -
media mention November 8, 2021 1945: How Is This Possible? Billionaire George Soros Received A Stimulus Check
In response to the eye-opening findings, the Institute on Taxation and Economic Policy tweeted: “This disgrace is why we need real tax reform.” Read more -
media mention November 5, 2021 CBSNews.com: At least 18 billionaires got federal stimulus checks, report says
“This disgrace is why we need real tax reform,” the Institute on Taxation and Economic Policy, a left-leaning think tank, said on Twitter about the findings. Read more -
news release November 4, 2021 New Study: Increase in Working from Home Could Depress Commercial Real Estate Prices, Reduce Local Tax Revenue
Covid-19 dramatically altered how and where many employees work, a shift that could have a long-term negative effect on commercial real estate occupancy rates and, ultimately, on local governments’ tax revenue base, a new study…