whiten-jon – Page 64

media mention December 5, 2017
Inside Sources: GOP Tax Plan Is a Corporate Handout

Why are these corporate tax cuts considered “necessary,” when so many big corporations have been posting record profits and have an effective tax rate of less than 20 percent, or…
blog December 4, 2017
They Can’t Help Themselves: GOP Leaders Reveal True Intent Behind Tax Overhaul

The hand-written scrawls in the margins of the hastily written 500-page Senate tax bill had barely dried when lawmakers began to reveal the true motivation behind their rush to fundamentally overhaul the nation’s tax code.
news release December 2, 2017
Senate Okays Unpopular Plan to Widen Income Inequality, Make the Rich Richer

But so far, Republican leaders have demonstrated that, for them, the only voices that matter in this debate are those that fund their campaigns.
media mention November 30, 2017
New York Times: Trump Says GOP Tax Bill Won’t Benefit Him. That’s Not True

Mr. Trump still has not released his tax returns, so it’s impossible to know to what extent he would personally benefit from the legislation. But there’s little doubt that he…
media mention November 30, 2017
Wall Street Cheat Sheet: Ted Cruz Sure Loves the Top 1 Percent

Because he didn’t really elaborate, it’s hard to understand what Cruz was trying to say here. When Democrats say that the lionshare of the tax breaks in the Senate bill…
media mention November 30, 2017
Quartz: The Republican tax plan takes aim at one of the biggest engines of US growth

As Los Angeles Times Jim Puzzanghera pointed out recently, California is already one of a handful of states that pays more to the federal government than it receives. The Republican…
media mention November 29, 2017
KQED: UC Grad Students Join National Protest Against GOP Plans to Increase Their Taxes

Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said the decision not to tax waived tuition fees is in line with standard taxation principles. The…
media mention November 28, 2017
The Atlantic: The Big Blue Losers in the GOP Tax Plan

Between the mortgage and SALT limits, the bills hit many upper-middle-class taxpayers, especially in blue states. The Institute on Taxation and Economic Policy calculates that by 2027 the Senate bill…
media mention November 27, 2017
Minneapolis Star-Tribune: Luring corporate money from tax havens is a big unknown for reform proposals

U.S. companies booked 61 percent of foreign earnings in just 10 low-tax countries in 2014, according to the Institute on Taxation and Economic Policy (ITEP). In five of those countries…
media mention November 25, 2017
San Francisco Chronicle: GOP tax bills could shield multinationals’ future overseas profits

Currently, the U.S. government taxes foreign earnings at the same 35 percent corporate rate charged on domestic profits, but only when the foreign earnings are returned to the United States.…
media mention November 21, 2017
Bloomberg: Should the Upper Middle Class Take the Biggest Tax Hit?

And maybe they should. Higher taxes on the upper middle class make sense to some liberal tax experts—but only if the proceeds are used the right way, they said, for…
blog November 21, 2017
Resources for Your Thanksgiving Dinner Tax Policy Debates

ITEP has analyzed each of the tax proposals advanced by the House and Senate in recent weeks. While some details have changed, the bottom line is the same: The plans…
media mention November 20, 2017
Washington Post: For Some GOP Women, the Ultimate Women’s Issue Right Now Is the GOP Tax Plan

However, according to the Institute on Taxation and Economic Policy, Alabama voters may be taking a bit of a risk by assuming that a vote for the GOP tax plan…
media mention November 20, 2017
American Prospect: We Should All Be Sick and Tired of This Tax Debate

That’s because this “tax cut” is actually a tax increase for millions of Americans. According to the Joint Committee on Taxation, Congress’ official scorekeeper on tax issues, the Senate’s version…
media mention November 18, 2017
Washington Post: Almost Third of Marylanders Are Set to Pay Higher Taxes

The Institute on Taxation and Economic Policy has determined that 30.5 percent of Marylanders would pay substantially higher taxes under the Republican plan. The capping of deductions for state and…
media mention November 18, 2017
The Guardian: Drug Traffickers Taught the Rich How to Hide Money in Tax Havens

A study by the Institute on Taxation and Economic Policy published this year shows that 366 of the 500 American companies with the highest revenue (those that are part of…
news release November 18, 2017
New 50-State Analysis: Senate Tax Plan Would Increase Taxes on at Least 29 Percent by 2027

Poorest 20 percent would receive the biggest tax hike A 50-state analysis of the tax plan that passed the Senate Finance Committee finds that the bottom 60 percent of households…
November 17, 2017
The Baltimore Sun: Andy Harris Is No Friend of the Middle Class

Dr. Harris knows that the Institute on Taxation and Economic Policy has determined that 31 percent of middle class Marylanders will pay substantially higher taxes under this bill. The elimination…
media mention November 17, 2017
Washington Post: The GOP Tax Plan Is Moving Forward. It’s a Big Scam on Trump’s Base

While this JCT document doesn’t say exactly how many people will see their taxes rise, other analyses give us a hint. For instance, the Institute on Taxation and Economic Policy…
media mention November 17, 2017
Associated Press: Derided by Critics, Trickle-Down Economics Gets Another Try

In the view of Carl Davis, research director at the left-leaning Institute on Taxation and Economic Policy, the track record for supply-side economics “is not particularly inspiring.” In 1981, in…
media mention November 17, 2017
New York Times: Confused by Tax Bills?

Compared with current law, the House bill, which was passed Thursday, would raise personal federal income taxes on California, New Jersey, New York and Maryland residents by $16.7 billion in…
media mention November 17, 2017
San Francisco Chronicle: Tax Reform–Look out Californians

Another point to consider: The corporate tax cuts are permanent, while the individual tax cuts are not. Nationwide, only one income group — individuals making $20,000 to $30,000 — would…
news release November 16, 2017
House Passes Tax Cuts for the Rich and Corporations as a False Cure for Working People’s Economic Anxiety

For months, Speaker Paul Ryan has cited working people’s “economic anxiety” as a reason to push through tax reform. While the speaker has correctly diagnosed a defining social issue of our time, he and other Republican leaders continue to focus on a top-down remedy that will only make this problem worse.
media mention November 16, 2017
New York Times: Billionaires Desperately Need Our Help

Now it’s fair to complain that the tax plan over all doesn’t give needy billionaires quite as much as they deserve. For example, the top 1 percent receive only a…
media mention November 16, 2017
The Washington Post (Morning Plum): Tax Plan Favors Trump States

The House GOP tax plan nixes most state and local deductions, hitting higher-taxed states harder. Jim Tankersley reports on a new analysis by Carl Davis of the Institute on Taxation…

ITEP's Research Priorities