ITEP's Research Priorities
- Blog
- Cannabis Taxes
- Corporate Taxes
- Corporate Taxes
- Earned Income Tax Credit
- Education Tax Breaks
- Estate Tax
- Federal Policy
- Fines and Fees
- Immigration
- Income Taxes
- Inequality and the Economy
- ITEP Work in Action
- Local Income Taxes
- Local Policy
- Local Property Taxes
- Local Refundable Tax Credits
- Local Sales Taxes
- Maps
- News Releases
- Personal Income Taxes
- Property Taxes
- Property Taxes
- Publications
- Refundable Tax Credits
- Sales, Gas and Excise Taxes
- Sales, Gas and Excise Taxes
- SALT Deduction
- Select Media Mentions
- Social Media
- Staff
- Staff Quotes
- State Corporate Taxes
- State Policy
- State Reports
- States
- Tax Analyses
- Tax Basics
- Tax Credits for Workers and Families
- Tax Credits for Workers and Families
- Tax Reform Options and Challenges
- Taxing Wealth and Income from Wealth
- Trump Tax Policies
- Who Pays?
-
media mention August 3, 2020 CNBC: How Trump could force a payroll tax holiday without waiting for Congress
The poorest 20% of people — those with income below $24,200 — would see their taxes fall by an average of $250, according to the Institute on Taxation and Economic… -
media mention August 2, 2020 The Hill: Stimulus checks debate now focuses on size, eligibility
An analysis from the left-leaning Institute on Taxation and Economic Policy (ITEP) found that the HEROES Act would provide more assistance to low- and moderate-income families than the HEALS Act… -
media mention August 2, 2020 The Globalist: Economic shame haunts hard-working Americans. They ask themselves why they can’t do as well as their parents.
The second root cause is tax holidays for unearned income — i.e., income on wealth that was earned some other time, some other place, and usually by somebody else. The… -
media mention August 1, 2020 CNBC: Receiving unemployment payments? Why tax season might cost you next year
Unemployment benefits aren’t considered earned income. “When you calculate your 2020 earned income tax credit, if your 2019 earned income tax credit would’ve been larger, you’d have the option to… -
media mention July 31, 2020 Newsweek: Tax-Paying Undocumented Immigrants Should Get Stimulus Checks, Democrats Tell McConnell
Their provision would benefit roughly 7.8 million people—4.3 million adults and 3.5 million children—according to the left-leaning Institute on Taxation and Economic Policy. Roughly 4.4 million undocumented immigrants who are… -
media mention July 29, 2020 Bloomberg: States Eye Anti-Poverty Tax Credit to Ease Covid Impact
The various state programs differ widely with the key distinction being refundability. Twenty-three of the 29 EITC states have made their credits refundable—widely considered an important check against regressivity. “Almost… -
media mention July 27, 2020 Politico Morning Tax: Another View
Meg Wiehe of the liberal Institute on Taxation and Economic Policy noted that most states, with just a couple of exceptions, have budgets lined up for fiscal 2021 — but… -
media mention July 26, 2020 Forbes: Rubio Renews Stimulus Check Eligibility Push; 1.7 Million U.S. Citizens Currently Excluded
The 1.7 million American citizens is only a subset of individuals excluded from receiving stimulus checks. The CARES Act had excluded undocumented immigrants, who do not have a Social Security… -
media mention July 24, 2020 Motley Fool: 3 Reasons Why Trump’s Payroll Tax Cut Won’t Be in the Senate’s Coronavirus Stimulus Bill
With a complete payroll tax cut — meaning, no Social Security or Medicare taxes taken out of paychecks at all — 64% of the benefit would be reaped by the… -
media mention July 24, 2020 Alternet: As laid off workers face a financial cliff, Amazon’s Jeff Bezos grows $13 billion richer in one day
While Amazon reported $13.9 billion in income in 2019, Bezos’ company managed to pay just $162 million in federal taxes last year—a 1.2% tax rate despite the United States’ 21% federal tax… -
media mention July 24, 2020 Forbes: Why You Won’t See A Payroll Tax Cut In Second Stimulus Round
But the financial benefit to taxpayers is so disproportionate toward the wealthy that most economists agree a payroll tax cut is not a logical choice during the pandemic. The Institute… -
media mention July 24, 2020 New York Times: 16 States Go Ahead With ‘Back to School’ Sales Tax Holidays
Still, the drain on state revenue, combined with the incentive to crowd into stores looking for bargains when coronavirus cases are surging, suggests that 2020 may have been a good… -
media mention July 23, 2020 The Hill: Congress cannot ignore the need for COVID-19 relief
Following is an excerpt from an op-ed by Amy Hanauer published in The Hill. Yet, the economy is keeping afloat because Congress put cash in people’s pockets all spring, with… -
media mention July 23, 2020 Axios: Why economists don’t like the idea of a payroll tax cut
“The White House’s latest economic policy trial balloon leaves out the most important solutions and floats some policies that are diametrically opposed to what the country needs,” Amy Hanauer, executive… -
media mention July 22, 2020 Bloomberg: Biden Attacks $50 Billion Real Estate Tax Break in Jab at Trump
On its merits, the like-kind exchange — sometimes referred to as a “1031” exchange for its tax code designation — is difficult to defend, according to some tax experts. “There… -
media mention July 22, 2020 CNBC: These are the taxpayers who benefit most from Trump’s call for a payroll tax holiday
The wealthiest 20% of taxpayers would reap the most from a suspension of this levy, according to a recent analysis from the Institute on Taxation and Economic Policy. The non-partisan… -
media mention July 22, 2020 Forbes: Here’s Who Gets The Money On Further Covid-19 Relief
The Institute on Taxation and Economic Policy (ITEP) performed an analysisto estimate who would benefit most for the cut. An elimination of payroll taxes from September through December 2020 would… -
media mention July 22, 2020 11 Alive (Atlanta): President Trump signs memo to keep undocumented immigrants from participating in census
The Institute on Taxation and Economic Policy found undocumented immigrants pay eight percent of their incomes in state and local taxes each year. Advocates worry Tuesday’s memo will deter immigrants… -
media mention July 22, 2020 Forbes: Would A Second Stimulus Check Or Payroll Tax Cut Be More Effective?
The left-leaning Institute on Taxation and Economic Policy (ITEP), calculated that eliminating the 7.65 levy on employees between April 1 and December 31, 2020 would distribute 47 percent of the benefits to… -
media mention July 22, 2020 Newark Star-Ledger: Murphy plea for federal aid blocked by McConnell as some in GOP don’t want to help blue states
Trump has championed a payroll tax cut, which would not help those currently without jobs under the pandemic-induced recession nor assist states in balancing their budgets. Almost two-thirds of the… -
media mention July 20, 2020 Business Insider: Trump is doubling down on a payroll tax cut which has slim GOP support and would do virtually nothing to help jobless Americans
A disproportionate share of the aid would go toward the wealthier segment of Americans. The Institute on Taxation and Economic Policy found that 65% of the benefits would be drawn… -
media mention July 20, 2020 Forbes: Is Trump Using Next Stimulus Package To Undermine Funding Of Social Security And Medicare?
In 2011, when President Obama and a Republican Congress compromised on a temporary 2 percent payroll tax holiday, the left-leaning Institute on Taxation and Economic Policy (ITEP), calculated that 48… -
report July 16, 2020 Trade Deals Aren’t Enough: Fixing the Tax Code to Bring American Jobs Back
We all need the public sector to protect public health, keep us safe, educate our children, and much more. Companies, particularly multinational corporations, could not function without the legal, infrastructure, financial, regulatory, health, and transportation resources that the government provides.
-
media mention July 16, 2020 KPFA: Death and taxes! or, why the rich get richer
Why and how the wealth of the very rich has grown, while all other public and private wealth has shrunk during COVID 19. Detailed analysis from the Institute on Taxation… -
media mention May 26, 2020 USA Today: Biden wants Amazon to ‘start paying their taxes’
Amazon’s position is that it pays what it owes according to the tax code. A recent analysis by the liberal-leaning Institute on Taxation and Economic Policy said that, despite reporting $29 billion of…