whiten-jon – Page 32

media mention December 2, 2020
International Consortium of Investigative Journalists: Tax chemicals industry to help curb pollution internationally, experts propose

Past research has shown how some of the largest chemical producers such as the German giant BASF or the American company DuPont have used sophisticated tax planning strategies to avoid…
media mention November 27, 2020
The Hill: Biden’s Treasury pick will have lengthy to-do list on taxes

Key to Yellen’s ability to help Biden implement his agenda on taxes will be the relationships she develops with lawmakers. Steve Wamhoff, director of federal tax policy at the left-leaning…
media mention November 24, 2020
Motley Fool: One Big Change Kamala Harris Wants to Make to Increase Your Income by $500 a Month

According to the Institute on Taxation and Economic Policy, as many as half of all workers and two-thirds of children in the U.S. would benefit from the LIFT the Middle…
media mention November 19, 2020
The Hill: Progressive tax reform should top Biden’s list of priorities

“President-elect Joe Biden won over 78 million votes, more than any presidential candidate has ever received, while unabashedly vowing to raise taxes on the wealthiest individuals and on corporations. Progressive tax reform should…
media mention November 16, 2020
Marketplace: Could the success of ballot measures to legalize marijuana add pressure for federal legalization?

Carl Davis, research director at the Institute on Taxation and Economic Policy, studies states’ cannabis tax structures and he said one problem is that most states’ excise tax is based…
media mention November 12, 2020
Yahoo! Finance: Most Americans are unlikely to see a tax hike under Biden’s presidency

If fully implemented, Biden’s tax plan would be a direct tax hike for just the top 1.9% of the U.S. population, according to research from the Institute on Taxation and…
media mention November 2, 2020
Washington Post: Fact-checking the ‘final arguments’ of Biden and Trump

This statistic on 91 companies comes via the left-leaning Institute on Taxation and Economic Policy (ITEP). In a 2019 report, ITEP concluded that 91 profitable companies in the Fortune 500…
media mention October 30, 2020
Yahoo! Finance: Here’s How the Biden Tax Plan Would Affect Each State

Biden’s plan would generate over $289 billion in tax revenue, according to research from the Institute on Taxation and Economic Policy (ITEP). About 1.9% of the U.S. population would see…
media mention October 29, 2020
New York Times: Say Yes to Progressive Taxation

California is at the top of that list, according to the Institute on Taxation and Economic Policy. But there is room for improvement. For the last four decades, property taxation…
media mention October 29, 2020
Newsweek: Joe Biden Tax Calculator—How Democrat Candidate’s Plan Will Affect You

A report earlier this month by the Institute on Taxation and Economic Policy (ITEP), a nonpartisan think tank based in Washington, D.C., noted: “Just 1.9 percent of taxpayers would see…
media mention October 29, 2020
Fox Business: Trump vs. Biden’s tax plans: How much would you pay?

According to an analysis by the Institute on Taxation and Economic Policy on the overall impact of Biden’s proposed personal income tax and payroll tax increases for 2022, taxes would be projected…
media mention October 27, 2020
CBS News: Comparing Trump and Biden’s Tax Plans

ITEP Senior Fellow appeared on CBS News to discuss President Trump and Democratic Presidential Candidate Joe Biden’s Tax Plan. Watch
media mention October 27, 2020
Forbes: The Tax Credit That Could Produce Rare Agreement On Pandemic Relief

The TCJA changes moved the needle for approximately 550,000 children living in poverty by lifting them above the poverty line, according to a 2019 report by the Institute on Taxation and Economic Policy…
media mention October 27, 2020
Yahoo! Finance: Ex-Trump adviser Gary Cohn would back Biden’s proposed 28% corporate tax rate

The Trump administration’s tax overhaul has come under criticism given persistent loopholes that allow corporations to drive the effective rate well below the statutory level. In 2018, the work arounds…
media mention October 26, 2020
Rolling Stone: How Trump Took the Middle Class to the Cleaners

The Christmas present Trump promised the middle class turned out to be a trinket. The tax cut’s benefits to middle-wage earners worked out to about $65 a month, according to…
media mention October 26, 2020
In These Times: Billionaires Are Fighting the Fair Tax Because They Don’t Want to Pay up

The Institute on Taxation and Economic Policy recently released a study looking at how Illinois’ current flat tax structure amounts to a massive racialized wealth transfer from the poorest workers to the…
media mention October 26, 2020
DailyKos: All Those Wild Trump Economic Promises Were Just More Ruinous Trickle Down

The Christmas present Trump promised the middle class turned out to be a trinket. The tax cut’s benefits to middle-wage earners worked out to about $65 a month, according to numbers…
media mention October 24, 2020
City Watch: Biden Tax Plan Would Make America More Equal

The Institute on Taxation and Economic Policy has crunched the numbers: In 2022, under Biden’s plan, the nation’s top 1 percent would bear 97 percent of the direct tax increases Biden…
media mention October 23, 2020
The American Independent: Trump swears he’s bringing jobs back to the US. He’s done the opposite

Additionally, the Institute on Taxation and Economic Policy notes, the 2017 Tax Cuts and Jobs Act, which slashed taxes for the superwealthy and benefited large businesses, included a loophole offering…
media mention October 16, 2020
New York Times: Fact Checking Trump and Biden Town Halls

Data compiled by the Institute on Taxation and Economic Policy, a liberal research organization in Washington, show that 91 profitable Fortune 500 companies did not pay taxes on the income…
media mention October 16, 2020
MSNBC:Trump is eyeing another corporate tax cut

And as Biden noted, many corporations aren’t even paying taxes at the current rate. The Institute on Taxation and Economic Policy released a detailed study in 2018 that found of…
media mention October 15, 2020
Center for Public Integrity: The Heist

“It’s pretty clear that the PPP process was run in a way that pushed needy small businesses to the back of the line while prioritizing the influential,” said Matthew Gardner,…
blog October 14, 2020
A Conservative Supermajority on the Supreme Court Could Be a Boon to Wealthy Tax Cheats

By early next year, the Supreme Court could be operating under a 6-3 conservative supermajority that may unwind hard-fought progressive reforms across every area imaginable. While reproductive rights and health care are at the forefront of public discourse, the Court’s impact will extend far beyond these two areas. Voting rights, the battle against climate change, anti-discrimination laws, the separation of church and state and yes, even progressive taxation, are all at risk.
media mention October 14, 2020
WGLT: What To Know About Illinois’ Graduated Tax Amendment

Proponents of the amendment, including Pritzker, cite a breakdown which shows the bottom 20 percent of Illinois earners pay 14.4 percent of their total income to state and local taxes,…
media mention October 13, 2020
Washington Times: Spending plans by Biden, Trump would hike federal debt by $5 trillion over 10 years

Under his plan, 97% of the tax increases would fall on the top 1% of earners, according to new projections from the left-leaning Institute on Taxation and Economic Policy. “Only…

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