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media mention March 4, 2021 Yahoo! Finance: New stimulus check thresholds would leave 12 million adults without payments
Narrower income requirements for the next round of stimulus checks would mean 11.8 million fewer adults and 4.6 million fewer children would get payments compared with an earlier version of… -
media mention March 4, 2021 Reuters: Millions of U.S. households would not get COVID-19 payments under new Biden plan
The Institute on Taxation and Economic Policy calculated that those payments now would help 11.8 million fewer adults and 4.6 million fewer children than the more generous version that passed… -
media mention March 4, 2021 KRGV: Senate continues to work on COVID-19 relief bill
According to Institute on Taxation and Economic Policy, 12 million fewer adults and 5 million fewer kids would get a stimulus payment based on the Biden and Senate agreement. Read… -
media mention March 4, 2021 CNBC: About 12 million adults may not receive those $1,400 stimulus checks. Here’s why
Steve Wamhoff, director of federal tax policy, said the numbers are “pretty close” to the Urban-Brookings Tax Policy Center’s estimates. “For most people, it doesn’t make a difference,” Wamhoff said.… -
media mention March 4, 2021 Today.com: Senate bill will narrow who can receive $1,400 stimulus checks
According to CNBC, the Institute on Taxation and Economic Policy estimated that that would affect about 12 million adults and 4.6 million children in the country. “That being said, it… -
media mention March 4, 2021 Barrons: Tighter Eligibility for Stimulus Payments Could Exclude 12 Million More Americans
Subscription required: https://www.barrons.com/articles/tighter-eligibility-for-stimulus-payments-could-exclude-12-million-more-americans-51614864561 -
media mention March 4, 2021 The Progressive Farmer: Dems Tighten Relief Benefits, Firm Up Support for Virus Bill
That means some people who received the last round of $600 relief checks approved in December wouldn’t get anything this time. The liberal Institute on Taxation and Economic Policy estimated… -
media mention March 4, 2021 Kiplinger Personal Finance: Will You Still Get a Third Stimulus Check Under the New Senate Plan?
As a result, under the new Senate plan, the third stimulus check for people with an income above a certain amount will be reduced – potentially to zero – at… -
media mention March 4, 2021 CNBC: Senate Democrats’ plan to curb eligibility for third stimulus check cuts off 12 million adults
The new income caps would mean that 11.8 million fewer adults and 4.6 million fewer kids would receive a third stimulus payment, the Institute on Taxation and Economic Policy calculates.… -
media mention March 1, 2021 KKNX: WA Democrats push for capital gains tax in a year when ‘tax’ doesn’t seem like a bad word
Democrats say the system isn’t working and often point to a 2018 study by the liberal Institute on Taxation and Economic Policy (ITEP) that ranked Washington as having the most regressive… -
media mention March 1, 2021 Marketplace: High-income taxpayers help some states stay above water
However, in 22 states, tax revenue actually increased, with revenue in four states — Idaho, Utah, South Dakota and Colorado — up more than 5%. Revenue fell in the remaining… -
media mention February 26, 2021 Bloomberg Tax: ‘Sham Transactions’ Trigger States to Crack Down on Tax Havens
Some lawmakers in Hawaii want worldwide reporting to become a hard requirement under H.B. 441 and S.B. 1302, which would transition the state beginning Jan. 1, 2022. The preamble of… -
media mention February 26, 2021 WJTV: Experts discuss bill that would eliminate Mississippi’s state income tax
According to data from the Institute on Taxation and Economic Policy (ITEP), the proposal to increase the state’s sales tax rate to 9.5 percent would give Mississippians the highest sales… -
media mention February 26, 2021 CNET: New child tax credit could bring more money than the stimulus check. What to know
For the bottom 20% of families in terms of income, the proposed expansion of the CTC would increase income by an average of 9.7% — even higher if you only… -
media mention February 24, 2021 Politifact: Facebook post misleads about tax bill breakdown
Experts say analyzing this claim isn’t easy because the post lacks necessary details. Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said the post is… -
media mention February 23, 2021 Market Watch: Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000
Billionaires pay the lowest tax rate of any income group nationally, Price added. In Washington state, the richest pay 3% of their income on taxes, while the poor pay 18%,… -
media mention February 22, 2021 BGR: Families are going to love this stimulus check news
This is what was found by an analysis from a left-leaning nonpartisan think tank called the Institute on Taxation and Economic Policy which looked at both the Biden plan as well as… -
media mention February 21, 2021 Heavy.com: Third Stimulus: Poorest Americans Could See 33% Income Boost
The relief bill, proposed last month, allocates $1,400 direct checks to eligible individuals and expands the the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC), CBS News reported.… -
blog February 19, 2021 Enforcing Current Tax Law Makes Financial Sense
While lawmakers disagree sharply over what our tax law should look like, there should be no argument that we must enforce tax laws currently on the books. Yet, Republican Congresses systematically weakened the IRS’s ability to enforce tax laws by defunding the agency, resulting in hundreds of billions in lost tax revenue every year. Two bills introduced in the U.S. House would address this by increasing tax audits of big corporations and high-income individuals and by providing more resources to the IRS.
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media mention February 16, 2021 Bond Buyer: Direct Aid to Local Governments Is on the Way
Nationally the expansion of the EITC for workers without children would be the largest since 2009. “The Institute on Taxation and Economic Policy estimates that such expansions along with direct… -
media mention February 16, 2021 CBS News: Stimulus bill would boost incomes of poorest Americans by nearly $4,000
nder the plan advancing in the House Ways and Means Committee, the next stimulus bill would send $1,400 to eligible people, as well as expand the Child Tax Credit (CTC) and… -
media mention February 16, 2021 NEXSTAR Media Wire: Biden stimulus plan would boost incomes for poorest, analysis shows
President Joe Biden’s $1.9 trillion American Rescue Plan would benefit millions of Americans, but it would have an outsized impact for the people who make up the poorest fifth of… -
media mention February 16, 2021 The New York Times: California: Liberal Model or Cautionary Tale?
Below is an excerpt of an LTE by ITEP Research Director Carl Davis: Of course, the very richest people in California pay more tax than they would if they… -
media mention February 16, 2021 Nasdaq.com: World Reimagined Podcast
An analysis by the Institute on Taxation and Economic Policy (ITEP) showed that U.S. President Joe Biden’s $1.9 trillion American Rescue Plan would benefit millions of Americans and would have… -
media mention February 15, 2021 Fox Business: Biden’s $1.9T stimulus would give almost $3,600 to poorest Americans, analysis finds
The Institute on Taxation and Economic Policy (ITEP), a left-leaning nonpartisan think tank, analyzed the cash payment and tax proposals from the House Ways and Means Committee as part of…