whiten-jon – Page 72

media mention August 7, 2017
International Business Times: How Changing Corporate Tax Rates Affects The Economy, Government Revenue

As Suarez Serrato pointed out in the IBT interview, the study also highlighted the gulf between statutory and effective corporate tax rates. While the federal corporate rate stands at 35 percent…
media mention August 4, 2017
USA Today: In Some States, Sales Tax Holidays Lose Luster

For more than a decade after New York started the modern trend in 1997, the number of states with annual sales tax holidays grew steadily. But the count peaked at…
media mention August 4, 2017
Politifact: Are There Over $4 Trillion in Earnings Offshore?

We also turned to the Institute on Taxation and Economic Policy, which found that Fortune 500 companies — a slightly smaller pool — report $2.6 trillion offshore. ITEP included total untaxed…
media mention August 3, 2017
Between the Lines: Trump Tax Plan Would Benefit the Wealthiest Americans

Between The Lines’ Scott Harris spoke with Matthew Gardner, senior fellow with the Institute on Taxation and Economic Policy, who discusses his group’s analysis of the Trump administration’s tax reform…
media mention August 1, 2017
International Business Times: As Mnuchin Discusses Tax Reform, Business Groups Lobby To Shape Tax Policy

Two reports on effective federal and state corporate tax rates by the Institute on Taxation and Economic Policy found that, for dozens of profitable Fortune 500 companies, it has, on…
media mention August 1, 2017
Houston Chronicle: Sanctuary Cities Law Could Cost Texas Billions

An analysis of data from the U.S. Census, the Bureau of Economic Analysis and the Institute on Taxation and Economic Policy found that if 10 percent of undocumented immigrants leave…
blog July 31, 2017
The Problems with the Multi-Million-Dollar Effort to Secure Millionaire and Corporate Tax Cuts

Until GOP leaders put forth a detailed tax proposal, we will not know for certain whether the plan will focus on the middle-class and create jobs. But what we do know is that unless the plan is a radical departure from the principles outlined by President Trump earlier this year or laid out by Paul Ryan last year in his “Better Way,” plan, GOP-led tax “reform” efforts will be a tax break bonanza for the wealthiest Americans while delivering a pittance to working people.
media mention July 31, 2017
Utah Public News Service: Trump’s Economic Policies to Increase Economic Inequality

The Trump administration’s tax proposals would not benefit all taxpayers or states equally, according to new analysis from the Institute on Taxation and Economic Policy. Matt Gardner, a senior fellow with…
media mention July 29, 2017
San Francisco Chronicle: Should We Fear Big Tech?

Many tech companies have avoided taxes by placing intangibles such as patents and copyrights in subsidiaries in low- or no-tax countries, then attributing income likely generated elsewhere to those subsidiaries.…
media mention July 28, 2017
The New York Times: Wisconsin’s Lavish Lure for Foxconn: $3 Billion in Tax Subsidies

Big companies like Foxconn possess leverage to extract concessions from state governments that smaller firms cannot, said Carl Davis, research director at the nonpartisan Institute on Taxation and Economic Policy…
media mention July 28, 2017
The Atlantic: How Much is Wisconsin Paying for a Taiwanese Manufacturer’s Jobs

Plus, states rarely seem to consider whether the money they lavish on corporations might be better spent elsewhere—on public goods like bridges, say, or educational initiatives for their work forces.…
media mention July 27, 2017
The Sacramento Bee: A Jackpot for the 1 Percent, a Pittance for the Rest of Us

In California, the bottom line would be even more unfair. The 1 percent with the highest incomes – an average of more than $2.7 million a year – would get…
blog July 26, 2017
Trump Touts Tax Cuts for the Wealthy as a Plan for Working People

Unless the administration takes a radically different direction on tax reform from what it has already proposed, its tax plan would be a monumental giveaway to the top 1 percent. The wealthiest one percent of households would receive 61 percent of all the Trump tax breaks, and would receive an average of $145,400 in 2018 alone.
media mention July 25, 2017
Gizmodo: Meet the Shell Company Uber Used to Acquire Otto

This kind of patent game has been played best by Pfizer. In its annual report on offshore tax havens used by Fortune 500 companies, the Institute on Taxation and Economic…
media mention July 20, 2017
Bloomberg: Americans Say They Back Gas Tax to Fix Crumbling Roads

Twenty-six states have raised or updated their gas taxes since 2013, including eight so far this year, according to the Institute on Taxation and Economic Policy, a non-profit research organization…
media mention July 20, 2017
Law 360: Wealthy Benefit More Under $5T Trump Tax Plan

The Institute on Taxation and Economic Policy on Thursday projected a minimum $4.8 trillion federal revenue reduction over a 10-year period under President Donald Trump’s tax plan that the nonprofit…
news release July 20, 2017
50-State Analysis of Trump’s Tax Outline: Poorer Taxpayers and Poorer States are Disadvantaged

Not only would President Trump’s proposed tax plan fail to deliver on its promise of largely helping middle-class taxpayers, it also would shower a disproportionate share of the total tax…
media mention July 19, 2017
Newsday: Rural America Keeps Rejecting Big Wind

Since last October, NextEra Energy, the world’s biggest producer of wind energy, has filed lawsuits in federal and state courts against five rural governments, including the town of Hinton, Oklahoma,…
media mention July 19, 2017
Louisville Courier-Journal: Fix Kentucky’s Upside Down Tax Code

And among other things, the legislation would raise Kentucky’s tax on cigarettes and other tobacco products, including e-cigarettes. This would initially generate about $155 million in revenue, but – more…
media mention July 19, 2017
The Hill: Tech Groups Voice Support for Tax Reform

The U.S. currently taxes companies on their income at home and abroad. Corporations, however, don’t have to pay taxes on their income abroad until they repatriate it back home. Supporters…
media mention July 16, 2017
Bloomberg BNA: Low Tax Revenue Fuels State Deficits, Budget Battles

In more than a dozen other states, legislators fought down to the wire. Maine and New Jersey were forced into brief government shutdowns. Much press was given to New Jersey…
media mention July 14, 2017
MarketWatch: Why Back to School Sales Could Actually Cost You Money

Currently 16 states have back-to-school sales tax holidays planned for 2017, with most located in the Southeast. Some states also have sales tax holidays for other products, such as guns…
media mention July 14, 2017
Richmond Times-Dispatch: Legislator Proposes Exempting Poorest Virginia Localities from Some Taxes

Carl Davis, research director at the nonpartisan Institute on Taxation and Economic Policy, says state taxes don’t play that large a role in economic development decisions. Companies search for an…
news release July 13, 2017
Regardless of Political Maneuvers, Tax Cuts for the Rich Remain Tied to Cuts in Health Care

The GOP continues its dogged attempt to unravel the Affordable Care Act under the guise of ‘fixing’ our health system despite multiple Congressional Budget Office reports indicating millions stand to lose health care coverage. It’s is not obvious that this version of the bill is much different from the previous fiasco of a bill in which CBO projected 22 million would lose coverage.
media mention July 12, 2017
The American Prospect: As Trump Gears Up for Big Tax Cuts, Seattle Opts to Tax Wealthy

Currently, Washington is one of the few states that don’t levy a personal or corporate income tax. No cities in Washington levy a tax on income, either. That’s partially why…

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