When you examine tax policy through the lens of how much working (and poor) people are taxed compared to rich men north (and south) of Richmond, it’s hard not to take Oliver Anthony’s runaway hit as a jumping off point to amplify some important facts.
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blog September 7, 2023 How to Better Tax the Rich Men North (and South) of Richmond
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media mention September 7, 2023 New York Times: New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz
The new corporate minimum tax was one of the most significant changes to the U.S. tax code in decades. Its logic rested on the idea that rich companies should not be able… -
media mention August 24, 2023 Mother Jones: The Struggle to Tax the Rich Isn’t Done Yet—In Some States It’s Actually Happening
Under an overcast sky, Patty Flores led a group of colleagues to an empty lot in the mobile home park where she lived. A bare patch of grass traced the outline… -
media mention August 22, 2023 Mother Jones: “The Wealthy Tend to Always Look Out for Themselves”—The Attack on State Taxes By Outside Groups
Amia Edwards lives here because she wants to make a difference. But in this majority-Black city, long starved for funding by the state’s mostly white Legislature, that’s proved a steep challenge.… -
ITEP Work in Action August 17, 2023 Chicago Fed: Electric Vehicles, Motor Fuel Taxes, and Road Funding in the Seventh District and Beyond
State and federal highways are currently funded by a combination of motor fuel taxes (MFTs), general fund transfers, fees, tolls, property taxes, and bond revenues. Read more. -
map August 15, 2023 Does Your State Offer Tax Credits for Private K-12 School Voucher Contributions?
Twenty-one states provide public support to private and religious K-12 schools through school voucher tax credits.
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media mention August 15, 2023 Editorial: Back-to-School Sales Tax Holiday is Mostly Hype
It’s just about back-to-school time, and Gov. Phil Murphy and other Democratic state leaders are showing their love for New Jersey families by offering this special giveaway: 20 cents in… -
media mention August 14, 2023 Washington Post: Biden Wants Rich Companies to Pay Higher Taxes. Some Are Fighting Back.
It was a simple idea: Major U.S. corporations should pay at least a 15 percent tax on their income, ending an era when some of the country’s most profitable firms… -
blog August 14, 2023 Celebrating One Year Since the Landmark Inflation Reduction Act
The Inflation Reduction Act was a course correction from decades of tax cuts that primarily went to the richest Americans and left the rest of us with budget shortfalls that conservative lawmakers now seek to plug with cuts to Social Security and Medicare. For the first time in generations we are finally asking those who have benefited the most from our economy to contribute back.
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ITEP Work in Action August 10, 2023 City of Seattle Revenue Stabilization Workgroup: Final Report
Seattle strives to support a social safety net for people in need and to uplift our diverse communities. Those services are too often financed by putting a disproportionate burden on… -
ITEP Work in Action August 8, 2023 Video: ITEP’s Carl Davis Presents ‘Tax Policy to Reduce Racial Retirement Wealth Inequality’ at UPenn’s Wharton School
ITEP Research Director Carl Davis presents “Tax Policy to Reduce Racial Retirement Wealth Inequality,” coauthored with ITEP’s Brakeyshia Samms, at the 2023 Pension Research Council Symposium “Diversity, Inclusion, and Inequality:… -
media mention August 4, 2023 New York Times: What’s the Matter With Miami?
For a couple of years after the pandemic struck, there was considerable buzz to the effect that much of the financial industry might leave New York for Miami. After all,… -
news release August 3, 2023 Gimmicky Sales Tax Holidays to Cost States & Localities $1.6 Billion This Year
Sales tax holidays are bad policies that have too often been used as a substitute for more meaningful, permanent reform.
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blog August 3, 2023 A Lot for A Little: Gimmicky Sales Tax Holidays Are an Ineffective Substitute for Real Sales Tax Reform
This year, 19 states will forgo a combined $1.6 billion in tax revenue on sales tax holidays—politically popular, yet ultimately ineffective gimmicks with minimal benefits and significant downsides.
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media mention August 2, 2023 Chalkboard News: Some States Offer Back-to-School Tax Holidays. Do They Work?
As back-to-school shopping is expected to cost consumers an all-time high, some states have implemented sales-tax holidays aimed at providing some relief. Read more. -
media mention July 28, 2023 Charlotte Observer: NC Republicans Aren’t Worried About the Effects of Tax Cuts. You Should Be.
In mid-summer, the state capital is experiencing an odd mix of anxiety and content. Democratic Gov. Roy Cooper is warning that plans by Republican state lawmakers to expand private school… -
media mention July 26, 2023 The Lever: The Magical Math Behind Disney’s Content Purge
As Hollywood actors and writers strike together for the first time since 1960 over pay, working conditions, and job security, Disney has purged dozens of original TV shows and movies… -
media mention July 19, 2023 Video: How Google, UPS & Amazon Avoid Paying Billions in Taxes
ITEP Senior Fellow Matt Gardner appeared on The Freedom Side to discuss corporate tax breaks and “bonus depreciation.”
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media mention July 17, 2023 Video: ITEP Executive Director Amy Hanauer Featured on The Young Turks Segment on Social Security
This Young Turks segment on Senator Ron Johnson’s comments on Social Security features his exchange with ITEP Executive Director Amy Hanauer as well as ITEP data.
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media mention July 17, 2023 The Hill: Progressive Groups Tell Dems To Back Out of Debt Ceiling Handshake Deal
Progressive groups are arguing a handshake agreement on spending struck by Republicans and Democrats while raising the debt ceiling is null and void. Read more. -
media mention July 12, 2023 Yahoo Finance: Could Social Security Be Saved by the ‘Buffett Rule?’
Among the chief proposals to fix Social Security before a major funding source runs out of money is to have wealthy Americans pitch in through higher taxes and lower benefits. One way to… -
blog July 12, 2023 Testimony: Tax Policy to Strengthen Social Security
We can make modest reforms to better tax those who are taking a larger share of our wealth and income in order to reinforce a major pillar of our promise to Americans.
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media mention July 12, 2023 Sacramento Bee: Biden, Democrats Want to Increase Tax Break for Parents. It Could Help 15 million Californians
The increased tax credit would help an estimated 14.7 million Californians, according to the Institute on Taxation and Economic Policy, a progressive Washington-based research group. While the proposed increase has… -
media mention July 11, 2023 Video: ITEP’s Matt Gardner Talks Corporate Tax Breaks on Scripps News Live
ITEP Senior Fellow Matt Gardner talks about “bonus depreciation” and our new report that finds that this tax break has saved nearly $67 billion for 25 of the corporations that benefited most.
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blog July 7, 2023 The Highs and Lows of 2023 State Legislative Sessions
Nearly one-third of states took steps to improve their tax systems this year by investing in people through refundable tax credits, and in a few notable cases by raising revenue from those most able to pay. But another third of states lost ground, continuing a trend of permanent tax cuts that overwhelmingly benefit high-income households and make tax codes less adequate and equitable.