-
ITEP Staff
June 27, 2019
ICYMI: A Brief Summary of Our June Blogs and Reports
A summary of ITEP reports, analyses and blogs this month. -
Steve Wamhoff
Federal Policy DirectorA February survey found that 61 percent of registered voters supported a wealth tax proposal, including 51 percent of Republican voters. And it’s not just the non-rich wanting to tax the very rich. A June survey found that 60 percent of millionaires support the idea. -
Carl Davis
Research DirectorOn July 1, 12 states will boost their gasoline taxes and 11 will boost their diesel taxes. The reasons for these increases vary, but they’re generally intended to fund maintenance and improvement of our nation’s transportation infrastructure–a job at which Congress has not excelled in recent years. -
Carl Davis
Research DirectorJune 27, 2019
Most States Have Raised Gas Taxes in Recent Years
Ohio now enjoys the distinction of being the 30th state to raise or reform its gas tax this decade, and the third state to do so this year, under a bill signed into law by Gov. Mike DeWine. While state tax policy can be a contentious topic, there has been a remarkable level of agreement on the gasoline tax. Increasingly, state lawmakers are deciding that outdated gas taxes need to be raised and reformed to fund infrastructure projects that are vital to their economies. These actions are helping reverse losses in gas tax purchasing power caused by rising construction costs and improvements in vehicle fuel efficiency. -
Steve Wamhoff
Federal Policy DirectorA refundable tax credit proposed by Rep. Rashida Tlaib (D-MI) would be more expansive than other recent tax credit proposals, new estimates from ITEP show. Rep. Tlaib’s proposal, unlike others, does not require households to work to receive the benefit. -
Steve Wamhoff
Federal Policy DirectorAmerica needs a new tax code. The Democratic presidential debates beginning this week present an opportunity for candidates to make clear how they would address inequality or to raise enough revenue to make public investments that make the economy work for everyone. Here are some of the big tax issues that we hope they will touch on. -
Carl Davis
Research DirectorA House Ways and Means subcommittee hearing on Tuesday will explore a highly controversial provision of the Tax Cuts and Jobs Act (TCJA) that prevents individuals and families from writing off more than $10,000 in state and local tax (SALT) payments on their federal tax forms each year. The focus of the hearing will be whether the cap negatively affects state and local revenue streams that fund schools, firefighters, and other services. There are at least three ways this could happen though only one of those is plausible, and it’s not the one that the organizers of this hearing likely expected. -
Steve Wamhoff
Federal Policy DirectorToday the House Ways and Means Committee is marking up the Economic Mobility Act of 2019, a bill introduced by Chairman Richard Neal to expand some key tax credits to help low- and moderate-income people and families. New data generated with the ITEP microsimulation tax model show how adults and children would benefit nationally and in each state. -
As Americans observe Juneteenth today–the day two years after the Emancipation Proclamation on which news of the end of the Civil War and slavery reached some of the last slaves in Texas—most people’s attention should be on celebrating victories, remembering losses, gathering strength to continue the fight for racial justice, and the accompanying Congressional reparations hearings. In comparison, state tax debates over matters such as reluctance to invest in infrastructure in Michigan and Missouri, approval of income tax cuts in Wisconsin, and a budget standoff in New Jersey may seem unimportant and irrelevant. But we encourage our readers to think about how state policies often serve to enrich and empower white and wealthy households, and how our tax codes and public investments can be redirected toward advancing racial equity in all states. -
ITEP Staff
June 18, 2019
We’re Hiring: Lead Tax Model Platform Developer
Join our team! ITEP has an opening for a Senior Software Engineer (Full Stack) to join our creative, passionate and productive staff as Lead Tax Model Platform Developer. This position will work directly with the technical engine behind our work: ITEP’s Microsimulation Tax Model. The Lead Tax Model Platform Developer reports directly to ITEP’s senior economist and works closely with the entire policy analyst team. -
Steve Wamhoff
Federal Policy DirectorDismissing calls for progressive taxes as “radical,” “extreme,” or “socialism” are taunts meant to distract from the real question: Why should we ignore the bottom half of Americans, whose share of the economic pie shrank and now have negative net worth, while allowing the wealthy and powerful, whose net worth more than tripled, to dictate our public policies? -
This week saw lawmakers in Ohio propose significant harmful tax cuts, leaders in California and Oregon work toward strengthening the state Earned Income Tax Credits (EITCs), and governors in Missouri and Kansas declare a truce to end the practice of bribing businesses in the Kansas City area with tax cuts to move from one side of the state line to the other. Meanwhile, Massachusetts leaders are discussing ways of raising taxes on their richest households, which our latest Just Taxes blog post notes is a promising trend this year across many states.
-
Dylan Grundman O'Neill
Senior AnalystJune 12, 2019
Taxing the Rich Works
States are putting evidence into practice with multiple efforts to improve services and tax codes through more progressive taxes on the wealthy. Clear evidence has spread widely this year, informing a national conversation about progressive taxation and leading lawmakers in multiple states to eschew supply-side superstition and act on real evidence instead. Taxing the rich works, and in this Just Taxes blog we review state-level efforts to put these proven findings into effect. -
Carl Davis
Research DirectorToday the Internal Revenue Service (IRS) released its final regulations cracking down on a tax shelter long favored by private and religious K-12 schools, and more recently adopted by some “blue state” lawmakers in the wake of the 2017 Trump tax cut. The regulations come more than a year after the IRS first announced the […] -
Steve Wamhoff
Federal Policy DirectorJust before tax day in April, ITEP’s Jessica Schieder wrote that two proposals before Congress would take taxpayers in opposite directions. One was a bill passed in the House on a voice vote that included, among many other provisions, a section making permanent the “Free File” program under which private tax preparers claim to offer […] -
June 5, 2019
State Rundown 6/5: Illinois Gets Busy
Illinois made big news in several tax and budget areas recently, including sending a graduated income tax amendment to voters in 2020, as well as legalizing and taxing cannabis and updating gas and cigarette taxes for infrastructure improvements. Connecticut made smaller waves with sales tax reforms, a plastic bag tax, and a progressive mansion tax. Property tax credits were proposed in both Maine and New Jersey. And Nevada extended a business tax to give teachers a raise. And our What We’re Reading section is brimming with good reads on how states are doing with recovering from the Great Recession, funding education, using cannabis tax revenues, and improving Earned Income Tax Credits (EITCs). -
Aidan Davis
State Policy DirectorJune 5, 2019
Tax Credit Wins and Continued Debates in the States
Income inequality continues to be an undercurrent in public discourse about our economy and how working families are faring. It drove the national debate over the 2017 Tax Cuts and Jobs Act, which, mounds of data reveal has exacerbated the problem. Some elected federal officials have responded to this step backward with calls for higher […] -
Carl Davis
Research DirectorAfter states implemented laws that allow taxpayers to circumvent the new $10,000 cap on deductions for state and local taxes (SALT), the IRS has proposed regulations to address this practice. It’s a safe bet the IRS will try to crack down on the newest policies that provide tax credits for donations to public education and other public services, but it remains to be seen whether new regulations will put an end to a longer-running practice of exploiting tax loopholes in some states that allow public money to be funneled to private schools. -
Matthew Gardner
Senior FellowTax evasion matters. It drains needed revenues from the public treasury, and saps public confidence in rules of the game. A recent Pew Research poll finds that 60 percent of Americans are bothered “a lot” by the feeling that the best-off don’t pay their fair share of taxes. And now, thanks to a new report, […] -
Matthew Gardner
Senior FellowSince Uber’s much-hyped initial public offering last month, the news has been relentlessly bad for the scandal-plagued ride-sharing company. The company’s share price has fallen by 8 percent from its initial $45, meaning that billions of dollars of the company’s apparent value have vanished. This week the news got a little worse: Uber is under […] -
ITEP Staff
May 30, 2019
ICYMI: A Brief Summary of Our May Blogs and Reports
From a new report comparing five major federal tax credit proposals to resources for continuing gas tax debates and the launch of ITEP's interactive library On the Map, here’s a summary of ITEP news this month. -
Matthew Gardner
Senior FellowThis new report is the most comprehensive assessment yet undertaken by the CRS, which has an unimpeachable reputation as an impartial arbiter of policy disputes. So, when it says that the TCJA doesn’t appear to have grown wages or the economy and has made our long-term budget deficits even worse, it’s a judgment that will last. -
Like certain recent controversially concluded television shows, tax and budget debates can end in many ways and often receive mixed reviews. Illinois leaders, for example, ended on a cliffhanger by approving a historic constitutional amendment to create a graduated income tax in the state, whose ultimate conclusion will be crowdsourced by voters next November. Arizona’s fiscal finale fell flat with many observers due to corner-cutting on needed investments and a heavy focus on tax cuts. Texas legislators went for crowd-pleasing property tax cuts and school funding increases but left a gigantic “but how will we pay for this” plot hole in their script. And after appearing ready to conclude after countless seasons, Nebraska lawmakers left their school funding, tax reform, and business tax break storylines on the cutting room floor to be picked up for yet another season next year.
-
Alan Essig
Executive DirectorUsing the tax code to boost the economic security of low- and moderate-income families is a proven strategy. These bold proposals would go much further than any policy currently on the books, and their approach directly contrasts with longstanding supply-side theories that call for continual tax cuts to those who are already economically faring far better than everyone else. -
Lawmakers and advocates can enjoy their barbeques with only one eye on their work email this weekend in states that have essentially finished their budget debates such as Alaska, Minnesota, Nebraska, and Oklahoma, though both Alaska and Minnesota require special sessions to wrap things up. Getting to those barbeques may be a bumpy ride in Louisiana, Michigan, and other states still working to modernize outdated and inadequate gas taxes.
Blog Categories
- Corporate Taxes
- Earned Income Tax Credit
- Education Tax Breaks
- Federal Policy
- Fines and Fees
- Immigration
- Inequality and the Economy
- Local Income Taxes
- Local Policy
- Local Property Taxes
- Local Refundable Tax Credits
- Local Sales Taxes
- Maps
- Personal Income Taxes
- Property Taxes
- Refundable Tax Credits
- Sales, Gas and Excise Taxes
- SALT Deduction
- State Corporate Taxes
- State Policy
- Tax Analyses
- Tax Basics
- Tax Credits for Workers and Families
- Tax Credits for Workers and Families
- Tax Reform Options and Challenges
- Taxing Wealth and Income from Wealth
- Trump Tax Policies
- Who Pays?