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media mention August 27, 2019 Washington Post: Why the U.S. Economy Is Worse Than It Seems
The situation looks very different at the high end of the economic scale. Over the past decade, the nation’s highest earners (the 95th percentile) saw their wages grow at almost… -
media mention August 23, 2019 NPR: California Says Its Cannabis Revenue Has Fallen Short Of Estimates, Despite Gains
“After adjusting for population, the Golden State raised the second-least amount of revenue from cannabis taxes during the second quarter among states with legal sales, ahead of only Massachusetts,” according… -
media mention August 23, 2019 The Hill: Conservatives Push Trump Tariff Relief over Payroll Tax Cuts
And conservatives aren’t the only critics of a potential payroll tax reduction. Steve Wamhoff, director of federal tax policy at the left-leaning Institute on Taxation and Economic Policy, said there… -
media mention August 22, 2019 BBC: Three Ways Trump Could Juice the Economy
The policy was last used during the Obama administration in the wake of the 2008 financial crisis when it faced huge pushback from Congressional Republicans. In 2011 and 2012, the… -
media mention August 21, 2019 Fortune: What Trump’s Brief Flirtation With a Payroll Tax Cut Says About the State of the Economy
“The administration based the big 2017 tax cut on the idea that it would spur economic growth,” says Matthew Gardner, a senior fellow at the Institute on Taxation and Economic… -
media mention August 21, 2019 Politico Morning Tax: Moderately Short
In all, the Congressional Research Service found in 2016 that the seven states collect some $563 million a year in taxes on internet access, and some experts worry that the… -
media mention August 20, 2019 CBS News: Why Trump’s Payroll Tax Cut Wouldn’t Do Much for the Economy
There’s also a political risk in saying the economy needs a spark only 18 months after the Republican party passed one of the largest tax cuts in U.S. history. “The… -
media mention August 20, 2019 Washington Times: Trump Says He’s Considering Cut in Payroll Taxes, Calls on Fed to Cut Rates
Cutting payroll taxes that fund Social Security programs “should not be cut except in extreme situations,” said Steve Wamhoff, director of federal tax policy at the Institute on Taxation and… -
media mention August 20, 2019 Governing: High on Pot Taxes
But even with maximized revenue, pot taxes will likely only account for about 1 percent of overall state budgets, according to the Institute on Taxation and Economic Policy. The $266… -
media mention August 15, 2019 New York Times: Trump’s Policy Could Alter the Face of the American Immigrant
For example, an updated report released in March 2017 by the Institute on Taxation and Economic Policy found that undocumented immigrants alone contribute $11.74 billion each year in taxes, though… -
media mention August 14, 2019 Boston WCVB: Last Sales Tax Holiday Cost State up to $38M
The Institute on Taxation and Economic Policy said in a July report that the benefits from sales tax holidays are “minimal,” saying the benefits disproportionately benefit already-wealthy taxpayers and cost… -
media mention August 14, 2019 NewsDay: Green card policy is shortsighted
Meanwhile, the Institute on Taxation and Economic Policy, a nonpartisan watchdog organization, found in April that 60 top corporations not only paid no federal income tax for 2018, but received… -
media mention August 13, 2019 Forbes: Capital Gains Tax Tug-Of-War: Democratic Presidential Candidates, Trump’s Indexing, And IRS Forms
The concept of capital gains indexing has been around for a while, as shown in a report issued by the Congressional Budget Office back in 1990, when long-term capital gains… -
blog August 12, 2019 The Mortgage Interest Deduction Is a House of Cards
Given how much more exclusively this deduction now benefits the highest-income households, its continued existence is hard to justify. Even when the credit was available to a larger swath of families, it was ineffective at promoting homeownership.
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media mention August 12, 2019 Here and Now: The Impact of Company Tax Breaks on Cities
On this nationally syndicated radio program, ITEP research director Carl Davis describes why cities and states should reconsider doling out tax breaks to corporations in exchange for promised economic development… -
media mention August 12, 2019 Cleveland Scene: Despite Tax Cuts, Lower-Income Ohioans Likely Won’t See Savings Under Ohio’s New Budget
The budget eliminated the state’s bottom two tax brackets below about $21,000 a year, increased the state’s Earned Income Tax Credit and took other measures to put money in non-wealthy… -
media mention August 11, 2019 Columbus Dispatch: Make over $208,000 a Year? If Not, Ohio’s Tax Cut Won’t Help
In plain language, the rich get richer and the poor (and middle class) get poorer. In fact, only the most affluent 5% of Ohioans (those making more than $208,000 a… -
media mention August 9, 2019 Akron Beacon-Journal: Make the State Earned Income Tax Credit refundable
The analysis, conducted by the Institute on Taxation and Economic Policy, found a familiar outcome. The changes favor wealthier households, those at the top 5 percent of household incomes enjoying… -
blog August 9, 2019 Taxing Offshore Profits and Domestic Profits Equally Could Curb Corporate Tax Dodging
In recent days, presidential candidates Sen. Kamala Harris and New York Mayor Bill DeBlasio have called for taxing corporate profits the same whether they are earned in the United States… -
media mention August 8, 2019 Associated Press: Oil Unease: Alaska Faces Tough Budget Decisions
Carl Davis, research director with the Washington, D.C.-based Institute on Taxation and Economic Policy, said cutting the dividend is regressive, hitting lower-income families particularly hard. He sees no conflict between… -
media mention August 1, 2019 CNN: Fact Check Democratic debate, night 2
Bennet: “Since 2001, we have cut $5 trillion worth of taxes. Almost all of it has gone to the wealthiest people in America.” THE FACTS: This is exaggerated. Bennet’s claim… -
media mention August 1, 2019 New York Times: Debate Fact Check: What Were They Talking About, and What Was True?
What Mr. Bennet said: “Since 2001, we have cut $5 trillion worth of taxes. Almost all of it has gone to the wealthiest people in America.” This is exaggerated. Mr.… -
media mention August 1, 2019 Wall Street Journal: Going Out of Style: Tax-Driven Deals to Move Corporate HQs Outside U.S.
Through mergers, companies such as Allergan, Mylan, Medtronic and Johnson Controls PLC moved tax addresses abroad. The companies were often managed from the U.S. “It was always a fiction that they… -
media mention August 1, 2019 NBC News: Fact-check: The July Democratic debate 2019, Night 2
Did ‘almost all’ of the tax cuts since 2001 go to the wealthiest Americans? “Since 2001, we have cut $5 trillion worth of taxes. Almost all of it has gone… -
media mention August 1, 2019 Time: Democrats Made Lots of Claims During the Second Debates. Here Are the Facts
Amazon paid $0 in federal income tax in the U.S. in 2018 after making over $11 billion in profits, according to an analysis by the Institute on Taxation and Economic…