When Rep. Josh Elliott (D-Hamden) calls Connecticut’s tax system regressive, it’s not just an opinion. The Democrat is citing a 2014 report by the state’s own tax department, that uses…
By the end of 2017, Nike had $12.2 billion in permanently reinvested earnings. The company estimates that had it dispensed with the foreign strategy and kept that money in the…
Rep. Lane Jean, R-Magnolia, said he started digging last month into a written analysis of the plan given by Lisa Christiansen Gee, senior policy analyst at the Institute on Taxation…
According to estimates from the Institute on Taxation and Economic Policy, the richest 1 percent of households, those with incomes higher than $607,090, stand to receive a total tax cut…
His assertion that undocumented immigrants create a strain on our nation is basically refuted in a 2017 report from the Institute on Taxation and Economic Policy (pdf) which shows undocumented…
Whether legal or illegal, all immigrants pay sales taxes and property taxes (the latter are factored into the cost of rental units for people who don’t own homes). And all…
And a recent analysis of state and local tax systems by the Institute on Taxation and Economic Policy shows that, as a whole, state and local governments tax the poor…
ndeed, the Institute on Taxation and Economic Policy finds the Michigan tax code to be a matter of “soak the poor and middle class, spare the wealthy.” According to ITEP,…
The Institute on Taxation and Economic Policy estimates the LIFT Act would impact one in every two workers and two out of every three children in America. In addition, ITEP…
Last year, many states opened their legislative sessions at the beginning of January, just after the federal tax law passed in December 2017, leaving them little time to figure out…
The surge in buybacks comes with an “opportunity cost,” says Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy. “You can’t spend money on things like…
Thanks to some bold number crunching by the nerds at the Institute for Taxation and Economic Policy, the figure compares a regressive, supply-side tax cut, like the one we got…
Many of the changes that Democrats are seeking have little chance of enactment amid divided government in Washington. But Alan Essig, executive director of the Institute on Taxation and Economic…
Henry Connelly, a spokesman for Pelosi, said the rule was unnecessary to prevent Democrats from hiking taxes on the middle class. He also noted that House Republicans waived their rule…
Almost a year after lawmakers hastily enacted the Tax Cuts and Jobs Act, evidence continues to mount that it is providing far more tax cuts than jobs. A new Morgan…
Media contact A tiny fraction of estates will be subject to the tax in 2018 The Tax Cuts and Jobs Act drastically reduced the number of estates that are subject…
“These multinational firms are going to want to stay below the 10 percent threshold, because that means the U.S. tax system won’t touch their foreign earnings,” said Matt Gardner, a…
According to the Institute on Taxation and Economic Policy, the poorest 20 percent of Arkansas taxpayers, those making less than $18,600, pay 11.3 cents in state and local taxes on…
Those findings echoed previous analysis from non-partisan agencies like like the Institute on Taxation and Economic Policy, which found the Republican Tax Cuts and Jobs Act would make offshore tax…
The first is to tax extreme wealth directly—specifically, with a 1% tax on the assets of the wealthiest 0.1% of households, those with assets greater than $20 million. Such a…
“This is about improved enforcement of a tax that’s already on the books,” echoed Carl Davis, research director at the Institute on Taxation and Economic Policy, to CNBC. “For years,…
While it remains to be seen whether bipartisan support for a full or partial SALT restoration is feasible or even affordable in the new Congress, the fight – or at…
Rep. Bill Pascrell Jr., a member of the tax-writing House Ways and Means Committee, said he would introduce legislation in the new Congress to raise the $88 billion in revenue that…
Simply reinstating the unlimited cap, without also reversing the changes to the alternative minimum tax, would deliver no benefit to low-income and middle-class Americans, according to a new analysis by…
