whiten-jon – Page 35

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…
media mention October 12, 2020
Progressive.org: ‘Sheer Cruelty, Racism, and Disregard’

Trump’s badmouthing of undocumented immigrants ignores the $11.7 billion that they contribute annually in state and local taxes, according to the Institute on Taxation and Economic Policy. It also creates…
media mention October 9, 2020
Yahoo! Finance: A Breakdown of Biden’s Tax Proposals

Matt Gardner, Senior Fellow at The Institute on Taxation and Economic Policy joins Yahoo Finance’s Kristin Myers for a break down of Joe Biden’s tax proposals. Watch the video
media mention October 9, 2020
Boston.com: Mike Pence incorrectly claimed Joe Biden’s plan would raise taxes on ‘every’ American. Here’s what it would actually do

Pence was correct that Biden twice said during the first presidential debate he was “going to eliminate the Trump tax cuts.” According to the Institute on Taxation and Economic Policy,…
media mention October 7, 2020
Money: VP Debate: Where Kamala Harris Stands on Taxes, Health Care and Stimulus Checks

“The CARES Act gave Americans an important one-time payment, but it’s clear that wasn’t nearly enough to meet the needs of this historic crisis,” Harris said in a statement. But…
media mention October 7, 2020
Washington Post: How the Cares Act gave millions to energy companies with no strings attached

“The Cares Act tax provisions were too heavily tilted towards large businesses and away from at-risk individuals,” said Matt Gardner, a senior fellow at the Institute on Taxation and Economic…
media mention October 3, 2020
FAIR: Steve Wamhoff on Trump’s Taxes

We’ll talk about takeaways from Trump’s taxes with Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy. Listen
media mention October 3, 2020
Forbes: The $750 Question: How Trump’s Taxes Reveal The Deep Unfairness Of The U.S. Tax Code

“There are certainly some tax advantages available to larger corporations that are practically unavailable to individuals. Most large businesses have full-time staff available to help negotiate the tax laws,” said…
media mention October 2, 2020
Chicago Sun-Times: Illinois needs the Fair Tax for racial equity

An analysis by the non-partisan Institute on Taxation and Economic Policy shows that, between 1999 and 2019, the state’s current flat rate income tax dramatically increased the racial wealth gap,…
media mention October 2, 2020
In These Times: It’s Cheap to Be Rich

As the Institute on Taxation and Economic Policy explained: “The mechanisms Amazon has used to reduce its three-year federal income tax rate to zero between 2017 and 2019 are legal.…
media mention October 2, 2020
Jacobin Magazine: Abraham Lincoln Taxed the Rich. This Election Day, Illinois Can, Too.

Illinois now boasts one of the most unfair tax systems in the country. According to a new report from the Institute on Taxation and Economic Policy, the state’s flat tax…

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