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media mention November 16, 2017 New York Times: Republican Tax Plan Puts Corporations over People
The plans also differ on their treatment of state and local tax deductions. The Senate would kill them entirely. The House would maintain them only for property taxes and cap… -
media mention November 16, 2017 Vox: Republicans Are Weaponizing the Tax Code
The Republican tax plan supercharges these changes. To a striking degree, the changes are about benefiting not just the well-off but those who are well-off because they own capital, as… -
media mention November 16, 2017 Denver Magazine: How the House and Senate Tax Plans Would Affect Coloradans
To pay for its extensive perks for the wealthy, the House bill adds $1.5 trillion to the national deficit over 10 years, according to the Institute on Taxation and Economic… -
media mention November 16, 2017 Los Angeles Times: A Tax Bill No Responsible California Lawmaker Should Support
But the bill’s cuts in personal tax rates, its increase in the standard deduction and other benefits for individual taxpayers are partially offset by reductions in some popular tax deductions… -
November 16, 2017 Teen Vogue: How Proposed Tax Reform Would Impact Young People
Meg Wiehe, deputy director of the Institute on Taxation and Economic Policy (ITEP), tells Teen Vogue that caring about social policy requires understanding tax policy. “What I want people to… -
media mention November 16, 2017 Fast Company: The Republican Tax Bill Is Great If You’re a Rich, Jobless Heir
Of the $1.5 trillion in proposed cuts in the House version of the bill, about $1 trillion will go to corporations and businesses over the next decade. About $500 billion will… -
news release November 15, 2017 Senate Tax Plan Is a Conflagration That Attempts to Address Ideological Grievances
There are a few things that have been clear since this tax bill’s inception. It was never a plan to help the middle class. Now, the legislation being considered before the Senate Finance Committee is no longer a tax bill. It is an ACA repeal bill.
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media mention November 15, 2017 Washington Post: GOP Tax Cuts Would Be Tax Hikes for Some Families
A separate analysis released by the Institute on Taxation and Economic Policy found that District-wide, about 39 percent of households earning between $77,220 and $131,900 would see their taxes increase… -
media mention November 15, 2017 The Guardian: Trumps Tax Breaks for the Rich Won’t Trickle Down to Help Working Americans
According to the Institute on Taxation and Economic Policy, the richest 5% of households will receive 61% of the tax cuts in 2027 under the House plan. The middle fifth… -
media mention November 15, 2017 CNN: GOP Tax Plans Could Fuel the Suburban Revolt Against Trump
The bite from the GOP bill is deeper for upper-middle-class families in major metropolitan areas, particularly in Democratic-leaning states where taxes, and usually property values, are higher. While only about… -
media mention November 15, 2017 Rolling Stone: The GOP Tax Plan Just Became an Assault on Obamacare
The Senate tax bill is now skewed toward millionaires. In 2027, according to an analysis by the Institute on Taxation and Economic Policy, the Republican plan provides the richest one… -
blog November 14, 2017 The Bottom 40 Percent Has Grown Poorer, So Why Are Tax Cut Plans Focused on the Rich and Corporations?
The bottom line is that the rich and corporations are doing fine. We don’t need legislative solutions that fix non-existent problems. Only in a world of alternative facts does the top 0.2 percent of estates need to be exempt from the estate tax, for example.
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media mention November 14, 2017 Washington Post: Republican Tax Bill Would Be Paradise for Plutocrats
As Thomas Frank wrote in the Guardian, these “tax havens are not a sideshow” to the global economy; “they are a central reality.” And that reality makes a mockery of… -
news release November 13, 2017 Senate Tax Plan Reserves Greatest Benefit for Richest Americans, Millions Face an Increase
A 50-state analysis of the Senate tax proposal finds that not only would greatest share of benefits go to the richest Americans, but also more than one in 10 taxpayers would face a tax hike, with a large number of those taxpayers residing in states where residents pay higher state and local taxes.
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news release November 9, 2017 Senate Tax Plan Includes Some Changes but Maintains Focus on Tax Cuts for the Rich
Following is a statement by Alan Essig, executive director of the Institute on Taxation and Economic Policy, regarding the Senate tax plan released today. While it will take a complete… -
media mention November 9, 2017 U.S. News&World Report: The Rot at the Heart of the GOP’s Tax Bill
Let’s take the second part first. Republicans have been promoting their tax “reform” plan – which is really more of a big tax cut with some modest reforms chucked in… -
media mention November 8, 2017 NPR’s All Things Considered: After Working To Avoid Taxes, What Could New Legislation Mean For Apple?
ITEP Senior Fellow Matthew Gardner talks to All Things Considered reporter Jim Zarroli about Apple’s tax avoidance schemes. JIM ZARROLI: Apple has made hundreds of billions of dollars around the… -
media mention November 8, 2017 New York Times: Want Kids, a Degree or a Home? The Tax Bill Would Cost You
That is why taxes would go up for about 45 percent of middle-class taxpayers by 2026 under the House bill, according to an analysis by The Times. By contrast, the… -
media mention November 8, 2017 Bloomberg: Tax Bill Offers Uneven Benefits and Hikes for Some, Analysts Say
President Donald Trump’s promised tax cut for the middle class comes with some extra baggage in the bill House Republicans are considering: a much larger tax cut for the top… -
media mention November 8, 2017 CBS News Money Watch: 5 Groups Who May Get No Relief from The GOP Tax Bill
Republicans say they want their tax code to give middle-class Americans a break, but some analysts are warning a few vulnerable groups may not get relief. The biggest winners under… -
media mention November 8, 2017 Mother Jones: Donald Trump’s Tax Plan Would Give Nearly 50 Percent of Tax Cuts to the Top 1 Percent
Another report, released Monday by the the Institute on Taxation on Economic Policy (ITEP), a liberal think tank, also finds that nearly half the benefits would go to the top 1 percent.… -
media mention November 7, 2017 Washington Post: What Is Carried Interest and Why It Matters in the GOP Tax Bill
Critics argue that these wealthy financiers should be paying more. The preferential tax treatment gives the wealthy an unfair advantage and deepens the divide between the rich and poor, they… -
media mention November 7, 2017 MarketWatch: Paradise Papers’ Are a Timely Reminder Not to Overlook Your Own Tax Breaks
“As with last year’s Panama Papers, these papers will help shed light on the astonishing breadth of corruption facilitated by tax havens and law firms that work with elite clients… -
media mention November 7, 2017 The Washington Post: Guess What? Republicans May Be About to Raise Your Taxes
Now let’s look at an analysis by the Institute on Taxation and Economic Policy. Its data shows that in 2018, 8 percent of taxpayers will see a tax increase. Since some… -
media mention November 7, 2017 Vanity Fair: Tax Bill Would Help a Very Specific, Very Orange Type of Rich Rerson
On Monday, the Institute on Taxation and Economic Policy released its preliminary findings of the Tax Cuts and Jobs Act, and if you’re an elected official trying to sell this…