Biden’s plan would provide stimulus payments to approximately 95 percent of the country, while the Republican plan, lowering the threshold to those making under $50,000 a year, would provide payments…
Large segments of the population are as skeptical of government as they’ve ever been, so asking them to install devices in their vehicles to determine how far and sometimes even…
The Tax Foundation’s findings are similar to an estimate from the left-leaning Institute on Taxation and Economic Policy that found that about 95 percent of adults and children are in…
The bottom 20 percent of Nevadans with an income of less than $20,500 pay 10.2 percent of their daily income in taxes, including 7 percent in sales tax, according to…
The Institute for Taxation and Economic Policy estimated that the second lowest 20% of Washington income earners, those making $28,800 to $53,200, would save an average $2,470. The middle 20%,…
This episode features commentary from Jessica Scheider on the risk of too small a stimulus. Read more: https://www.marketplace.org/shows/marketplace/people-caught-unemployment-benefits-gap/
Media contact The credit would boost after-tax income for the poorest 20 percent by $4,570 or an average 37% of their incomes President Biden’s proposed expansion to the Child Tax…
Following is a statement by Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, regarding President-elect Biden’s economic package released today. “President-elect Biden’s plan offers sound solutions…
Low-income Americans can expect to see a significant income boost if the Caring for Americans with Supplemental Help Act passes in the Senate. The House passed the CASH Act on…
America’s poorest families would see their incomes grow by more than quarter if the $2,000 stimulus check proposal that President-elect Joe Biden supports passes, according to a new analysis. The 20% of…
A $2,000 payment would give a 60 percent majority of Americans, those with annual incomes under $65,000, an average income boost of 11 percent, according to a reportreleased last week…
On the other hand, our federal tax code, even after the Bush-era and Trump-era tax changes, is rather progressive. It taxes the wealthy at much higher rates than the nonwealthy.…
In all, the bottom 60 percent of income earners — who made less than $65,000 in 2020 — “would see an average income increase of 11 percent by a $2,000…
If passed, the CASH Act — in combination with the latest round of $600 stimulus checks — would boost the incomes of the poorest 20% of Americans by an estimated…
There’s no income tax in Washington state, home to some of the world’s richest people: Amazon.com founder Jeff Bezos; his ex-wife, MacKenzie Scott; and Microsoft founder Bill Gates and former…
ncreasing economic payments to $2,000 from $600 as part of a coronavirus stimulus bill would have a “significant impact” on the households of lowest-income Americans, a report from the Institute…
But Democrats argue that the more-direct assistance to Americans is needed at a time when many are struggling to cover basic expenses. According to an analysis released Thursday by the…
Now, some of Mr. Biden’s ideas are much more likely to become law, said Steve Wamhoff of the progressive Institute on Taxation and Economic Policy, who said that the president-elect’s…
A study by the Institute on Taxation and Economic Policy reported on the first year following the passage of the GOP tax cuts and found that 91 of the Fortune…
There’s no income tax in Washington state, home to some of the world’s richest people: Amazon.com founder Jeff Bezos; his ex-wife, MacKenzie Scott; and Microsoft founder Bill Gates and former…
The spate of proposals could mean higher tax bills for tech titans Amazon, Apple, Facebook, Google, Microsoft, and Netflix, in addition to the millions of consumers using their services. Agencies…
Musk has another good reason for moving to Texas: taxes. His 170 million shares of Tesla are worth $110 billion. And he could pay billions of dollars if he were…
Following is an excerpt of an opinion piece by Steve Wamhoff published in Newsweek: During his campaign, President-elect Joe Biden talked about raising taxes on rich people more than any…
Meg Wiehe, deputy executive director of the Institute on Taxation and Economic Policy, said Wyoming at least was dealing with the painful reality. “The bigger kind of cuts that will…
Aside from concerns that Amazon is anti-competitive, the U.S. government is investigating Amazon for labor violations. Its workers around the world are staging protests, and the company has retaliated by…
