HB 2653 would only exacerbate the regressive nature of Hawai’i’s state and local tax system and compound the preferential treatment of income derived from wealth.
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ITEP Work in Action April 9, 2024 ITEP’s Miles Trinidad Testifies Against Weakening Hawai’i’s Estate Tax
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ITEP Work in Action April 1, 2024 Video: President Biden Cites ITEP’s Data on Corporate Tax Avoidance at the State of the Union
From the State of the Union on March 7, 2024 -
ITEP Work in Action April 1, 2024 Video: Rep. David Trone Discusses Corporate Tax Avoidance at House Budget Committee Hearing
His remarks were at a March 21, 2024 House Budget Committee hearing on President Biden’s proposed budget. -
blog April 1, 2024 Biden Is Right: Corporate Tax Avoidance Has Big Problems That We Can Fix
Sensible reforms to the corporate tax system can help both crack down on corporate tax avoidance and ensure companies that are flourishing are paying their share for the public infrastructure that forms the building blocks of their success.
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blog March 26, 2024 The Estate Tax Should Help to Level the Playing Field. Instead it’s Letting the Rich Get Richer.
The federal estate tax should ensure that family dynasties who’ve amassed enormous fortunes pay their fair share in taxes. But because policymakers have repeatedly doubled and tripled the immense sums that can be passed on before the tax kicks in, the estate tax today affects almost no one.
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blog March 20, 2024 States Move to Tax the Top in 2024
These forward-thinking states are demonstrating the wide variety of options for policymakers who want to raise more from the wealthiest people, rein in corporate tax avoidance, create fair tax codes and build strong communities.
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news release March 14, 2024 As Chicago Nears Vote on Mansion Tax, New ITEP Brief Looks at This Increasingly Popular Policy
Contact: Jon Whiten ([email protected]) Chicago voters will on Tuesday decide whether to levy a higher real estate transfer tax on properties sold for more than $1 million to help fight… -
ITEP Work in Action March 14, 2024 Vermont Lt. Gov David Zuckerman: Fair Share
Today, I have an exceptionally important topic to talk about: taxes! Taxes have become a dirty word, and in many ways for good reason. Since the 1980’s there has been… -
news release March 8, 2024 ITEP Statement & Resources: Tax Fairness and The State of the Union
When it comes to tax fairness, President Biden has a clear and compelling vision. Make large, profitable corporations and the wealthy pay their share, reduce taxes on low-income and working families with robust refundable tax credits, and use the trillions of dollars in new resources to create the kind of America we all want to see.
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ITEP Work in Action March 7, 2024 The White House Fact Sheet: President Biden Is Fighting to Reduce the Deficit, Cut Taxes for Working Families, and Invest in America by Making Big Corporations and the Wealthy Pay Their Fair Share
President Biden is fighting to make the tax system fairer while Republicans continue to push tax cuts for the wealthy and big corporations. The President’s plan delivers tax cuts for… -
media mention March 7, 2024 Washington Post: Biden: Ban Deductions for Firms Paying Executives More Than $1 Million
President Biden will call for blocking corporations from deducting the costs of paying salaries over $1 million from their federal taxes in Thursday night’s State of the Union address, part of populist-oriented… -
ITEP Work in Action March 4, 2024 ITEP’s Kamolika Das Testifies on Pennsylvania’s Upside-Down Tax Code
Below is written testimony delivered by ITEP Local Policy Director Kamolika Das before the Pennsylvania House Finance Subcommittee on Tax Modernization & Reform on March 1, 2024. Good afternoon and… -
news release February 29, 2024 New Study: Corporate Tax Avoidance Remains Widespread Under Trump Tax Law
Contact: Jon Whiten ([email protected]) The tax overhaul signed into law by former President Donald Trump in 2017 cut the federal corporate income tax rate from 35 percent to 21 percent,… -
report February 6, 2024 Tax Policy to Reduce Racial Retirement Wealth Inequality
Historic and ongoing discrimination have created stark racial disparities in the US, and the racial retirement wealth gap is one such example.
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media mention January 20, 2024 The Hill: House Panel Advances Tax Deal with Resounding Bipartisan Vote
A deal to reduce taxes for businesses and increase the child tax credit (CTC) made it out of the House Ways and Means Committee with broad bipartisan support Friday. Read… -
media mention January 19, 2024 New York Times: What’s in the New Tax Deal?
Lawmakers on the House Ways and Means Committee will attempt a rare feat on Friday when they begin debate on something that rarely comes together in an election year: bipartisan… -
blog January 19, 2024 How the Fairness of State Tax Codes Affects Public Education
The findings of Who Pays? go a long way toward explaining why so many states are failing to raise the amount of revenue needed to provide full and robust support for our public schools.
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media mention January 18, 2024 Associated Press: GOP Lawmakers, Democratic Governor in Kansas Fighting Again Over Income Tax Cuts
Top Republican legislators in Kansas have renewed a fight with the Democratic governor over income tax cuts that have drawn bipartisan criticism as favoring the wealthy, with no sign of… -
blog January 17, 2024 Worthwhile Ideas for a Stronger and Fairer D.C. Tax Code
The nation’s capital has a once-in-a-decade opportunity to advance a stronger and fairer local tax code. New draft recommendations from a key advisory panel will help leaders make the most of the moment.
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media mention January 17, 2024 Yahoo Finance: Lawmakers Ink a Bipartisan Tax Deal to Expand the Child Tax Credit
A powerful bipartisan duo announced a significant tax deal Tuesday that would combine a temporary expansion of the child tax credit with long-sought provisions for the business world. Read more. -
media mention January 17, 2024 Ring of Fire: You’ll Be Sick When You Find Out How Little The Top 1% Are Paying In Taxes
In 41 states across the country – and yes, that includes plenty of Democrat-controlled states – the tax rates for the top 1% of income earners and corporations are actually… -
media mention January 17, 2024 Axios: Bipartisan Deal Would Expand Child Tax Credit, Lift Half-Million Children Out of Poverty
Congressional committee chairs reached a deal Tuesday that would expand the federal child tax credit, after three years of pushing by Democrats and progressives. Read more. -
ITEP Work in Action January 16, 2024 Testimony of Prosperity Indiana’s Andrew Bradley Before the Indiana State and Local Tax Review Task Force
On January 10, Andrew Bradley, Policy Director at Prosperity Indiana, testified before the State and Local Tax Review Task Force of the Indiana General Assembly. During his presentation, Bradley highlighted… -
news release January 16, 2024 ITEP Statement on Federal Tax Deal on Child Tax Credit, Business Tax Breaks
Child poverty is a problem. Corporations paying too much in taxes is not. Unfortunately, many members of Congress have refused to direct resources to help children in poverty unless an equal amount of resources is simultaneously directed towards corporate tax cuts.
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media mention January 16, 2024 Video: The Young Turks Explains Upside-Down State Tax Codes
An analysis by the Institute on Taxation and Economic Policy (ITEP) show that lower and middle class citizens are paying way a higher tax rate their rich counterparts. Rayyvana, David…