Institute on Taxation and Economic Policy

Governing: Back-to-School Tax Holidays Losing Popularity Among Lawmakers

August 30, 2016

“[Tax holidays] don’t help lower-income people much either, according to the left-leaning Institute on Taxation and Economic Policy (ITEP).” Read more

Chron: This is where immigrants in Texas are moving to

August 30, 2016

“‘The 11 million undocumented immigrants currently living in the United States collectively paid $11.64 billion in state and local taxes,’ explains the website for the Institute on Taxation and Economic Policy.” Read more

Santa Barbara Independent: Lacking Papers but Owning Values

August 26, 2016

“A report released by the Institute on Taxation and Economic Policy in February of this year found that, in sum, undocumented people paid an estimated $11.64 billion in local and state taxes. As undocumented people, they will never see that money back because contrary to common belief, they do not qualify to receive government assistance.” […]

Politico: Morning Tax: Treasury ramps up

August 25, 2016

“VIEW FROM THE LEFT: The liberal Institute on Taxation and Economic Policy is out with a couple new studies this week, including a paper arguing that state officials need to keep in mind that lowering state income taxes will lead to a lower federal tax deduction for their residents. “Even if it is sometimes politically […]

Florida Times Union: Tonyaa Weathersbee: Broken promises are a reason to vote no on pension sales tax

August 25, 2016

“According to a 2015 report by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization that examines issues of tax fairness and sustainability, Florida has the second most regressive tax structure in the nation.” Read more

The Institute on Taxation and Economic Policy (ITEP) this week published a new policy brief whose conclusions may be surprising to those who don’t spend their days analyzing the intersection of state and federal tax policy. The brief, How State Tax Changes Affect Your Federal Taxes, outlines how the “federal offset,” or the deductibility of […]

Politico: Morning Tech: A look inside Clinton’s extensive tech policy squad

August 24, 2016

“VCs say that such a policy would deter investors from committing to risky, long-term projects that yield large payoffs. Additionally, critics of such reform argue that it could inhibit talent from entering venture capital, since it reduces the financial incentive. The National Venture Capital Association says that up to 60 percent of a venture capitalist’s […]

Bloomberg Technology: As Clinton and Trump Call for Tax Reform, Silicon Valley Must Prove VCs Are Special

August 24, 2016

“In this election cycle, carried interest has become calcified in a larger economic debate. “It’s become the poster child for inequality,” said Matt Gardner, executive director at the Institute on Taxation and Economic Policy, a think tank in Washington. “When you see these tax breaks that aren’t available to the general population of wage earners, […]

The Street: Tax-Free Shopping Doing More Harm Than Good, CNBC’s Reagan reports

August 23, 2016

“Moreover, a report published by the Institute on Taxation and Economic Policy suggests that the tax-free incentive disproportionately benefits those with higher incomes than it does those living on more limited means. she added.” Read more

Accounting Today: VCs Contend Their Carried Interest Isn’t Like the Other Guys’

August 23, 2016

“In this election cycle, carried interest has become calcified in a larger economic debate. “It’s become the poster child for inequality,” said Matt Gardner, executive director at the Institute on Taxation and Economic Policy, a think tank in Washington. “When you see these tax breaks that aren’t available to the general population of wage earners, […]

Madison Magazine: Out of the shadows

August 18, 2016

“But every time the tides of anti-immigration rise, so too does support for immigrants. On a frigid February day this year, an estimated 14,000 Latinos and their supporters descended on the Capitol Square to protest SB 533 and a second proposed bill (to fine so-called sanctuary cities that restrict police from asking one’s immigration status, […]

Investopedia: Back-to-School Tax Holidays May Be Skimpier

August 15, 2016

“And since the average family with kids in kindergarten through high school will spend about $674 for school, according to the National Retail Federation, the tax savings to that family is only about $34 assuming a 5% sales tax rate. That could be notable for a low-income family – if they’re in a position to […]

Mother Jones: How Hillary Can Rein in Big Finance

August 12, 2016

“Sales and excise taxes are the most regressive element in most state and local tax systems,” says the Institute on Taxation and Economic Policy, which examines state tax systems every year. Last year, it claimed Washington had the most unfair tax system in the country, largely because the state, which lacks an income tax, raises […]

Tim Cook’s Disingenuous Argument to Justify Apple’s $215 Billion Offshore Cash Hoard

Tim Cook is a persuasive CEO. In a wide-ranging interview published earlier this week in the Washington Post, he discussed his vision for the company, thoughts about leadership succession, and humbly admitted he has made mistakes. So it would be very easy to view as reasonable his declaration that Apple will not repatriate its offshore […]

Chattanooga Times Free Press: Tennessee Now Holds Sales Tax Holiday on Same Weekend as Georgia

August 8, 2016

Seventeen states, primarily in the Southeast, stand to lose more than $300 million in tax revenue because they waive sales taxes on back-to-school items and other goods, including hunting gear, energy-efficient appliances and severe weather preparedness, according to the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan research organization with offices in Washington, D.C., […]

The Daily Progress: Three-days sales tax holiday on certain items starts Friday

August 5, 2016

The Institute on Taxation and Economic Policy, meanwhile, says that while the idea for the sales tax holiday as a way for families to save money sounds good, it doesn’t do much in the long run. “However, a two- to three-day sales tax holiday for selected items does nothing to reduce taxes for low- and […]

Oklahoman: State-wide Tax Free Holiday Approaches

August 5, 2016

The Institute on Taxation and Economic Policy, a Washington, D.C.-based nonprofit, nonpartisan research organization, recently issued a statement about problems with such programs. “Policy makers tout sales tax holidays as a way for families to save money,” the release said. “On the surface, this sounds good. However, a two- to three- day sales tax holiday […]

The Atlanta Journal Constitution: Sales Tax Weekend a Mini Black Friday

August 5, 2016

But the 17 states that will host a sales-tax “holiday” this year will lose a total of about $300 million in tax revenue, according to the Institute on Taxation and Economic Policy.Read more

The Jackson Clarion Ledger

August 5, 2016

The Institute on Taxation and Economic Policy lists Mississippi’s taxes as 21st for “most unfair” or regressive, with people’s incomes less equal after state and local taxation. This is largely because of the state’s reliance on sales taxes and it being one of only two states that levies its full sales tax on groceries with […]

New York Times: The Path to Prosperity Is Blue

August 5, 2016

Ranking the states by social and economic indicators. Source: Institute on Taxation and Economic Policy, etc. Read more

Santa Fe New Mexican: Statewide Tax-Free Holiday Approaches

August 5, 2016

The Institute on Taxation and Economic Policy, a Washington, D.C.-based nonprofit, nonpartisan research organization, recently issued a statement about problems with such programs. “Policy makers tout sales tax holidays as a way for families to save money,” the release said. “On the surface, this sounds good. However, a two- to three- day sales tax holiday […]

Houston Public Media: Houston Becomes an Official Welcoming City

August 5, 2016

According to the Institute on Taxation and Economic Policy, foreign-born residents contributed over $116 billion into the local economy in 2014. Wu says the Energy Corridor is the perfect example of immigration working in Houston. Read more or listen to the segment

Houston Public Media: Five Reasons Tax-Free Weekend Might Be a Bad Idea

August 5, 2016

Check out this map of all the U.S. sales tax holidays, back to school and otherwise, from the Institute on Taxation and Economic Policy.

Politico: The Problem for Energy States

August 5, 2016

The liberal Institute on Taxation and Economic Policy is out with a new paper arguing that energy-rich states cut corners and relied too heavily on their wealth of natural resources, instead of setting up tax systems based on more solid footing. States like Alaska and Louisiana, ITEP writes, showered tax cuts on both individuals and […]

Ackron Beacon Journal: What you need to know about Ohio’s sales-tax holiday beginning Friday

August 5, 2016

The Institute on Taxation and Economic Policy again this year called sales-tax holidays ineffective with minimal benefits for low-and moderate-income taxpayers. “Sales tax holidays fall short because they are poorly targeted, cost revenue, can easily be exploited and create administrative difficulties,” the institute said. Read more