ITEP Work in Action
Rep. Greg Casar on Corporate Tax Dodging & The Inflation Reduction Act
September 16, 2023
On September 14, 2023, the House Oversight and Accountability Committee held a hearing on the Inflation Reduction Act. Rep. Greg Casar talked about how necessary the IRA is to crack down on corporate tax dodging, as evidenced by research from ITEP.
Testimony of ITEP’s Neva Butkus Before the Arkansas Senate Revenue and Tax Committee
September 12, 2023
The corporate and personal income tax changes under Senate Bill 8 would cost the state more than $200 million, with 70 percent of the overall cuts benefiting Arkansans in the top 20 percent of households.
Arkansas Advocates for Children: Lawmakers Returning To Work This Week Should Reject Costly Tax Cuts For The Wealthy
September 12, 2023
In a dramatic development, Arkansas lawmakers are returning to work at the state Capitol this week, after Gov. Huckabee Sanders called for a special session of the Legislature last Friday. Top of the agenda? Whether Arkansas should adopt another round of costly income tax cuts that primarily benefit wealthy households and corporations, on top of cuts already […]
ITEP’s Marco Guzman: Making a More Robust Property Tax Circuit Breaker in Colorado
September 9, 2023
ITEP Senior State Policy Analyst Marco Guzman gave a presentation on property tax circuit breakers to the Colorado General Assembly’s Legislative Oversight Committee Concerning Tax Policy on September 7, 2023. Click here for the slide deck.
Chicago Fed: Electric Vehicles, Motor Fuel Taxes, and Road Funding in the Seventh District and Beyond
August 17, 2023
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.
City of Seattle Revenue Stabilization Workgroup: Final Report
August 10, 2023
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 those least able to afford it. Washington State ranks as having the most regressive tax system in the country. It doesn’t need to be that […]
Video: ITEP’s Carl Davis Presents ‘Tax Policy to Reduce Racial Retirement Wealth Inequality’ at UPenn’s Wharton School
August 8, 2023
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: Implications for Retirement Income Security and Policy.”
Policy Matters Ohio: Legislators Squander Golden Opportunity
July 7, 2023
The operating budget includes a $1-billion-per-year income-tax cut that disproportionately benefits the wealthy, does nothing for Ohioans in the lowest-income 20%, and temporarily increases taxes for some middle-income households. Read more.
New Jersey Policy Perspective: StayNJ 2.0: Senior Tax Cut Still 2 Regressive and 2 Expensive
June 28, 2023
Updated StayNJ senior tax cut proposal would still send the biggest benefits to already-wealthy households. Read more.
Center for American Progress: House Bill Would Slash Business Taxes and Undermine Efforts To Stem Profit Shifting
June 20, 2023
A new House Republican proposal would cut business taxes, expanding the primary cause of the nation’s increasing debt ratio. Read more.
Policy Matters Ohio: Senate Tax Plan Pits the Rich Against the Rest of Us
June 15, 2023
The Ohio Senate has voted to weaken the state’s fiscal foundations in order to hand out billions of dollars to wealthy households. The changes to the state’s personal income taxes, currently included in the Senate’s version of the budget bill, will disproportionately benefit the rich, they will lead to temporary tax increases on some middle-income […]
Rep. Judy Chu: Statement on GOP Tax Scam 2.0
June 15, 2023
An analysis by the Institute on Taxation and Economic Policy determined that should this package become law, Americans at the bottom 20 percent of income levels would receive an average tax cut of $40 next year, but the richest one percent would receive an average $16,550 tax cut. Read more.
Rep. Richard Neal: Neal Opening Statement at Markup of GOP Tax Scam 2.0
June 15, 2023
This is the most ill-considered piece of legislation that I’ve witnessed in years in front of this committee. Just 10 days after our Republican colleagues were prepared to bring the nation to the brink of default to the precipice, if not over the edge, they now come back with a tax cut. Read more.
New Jersey Policy Perspective: Stay Away from StayNJ: Proposal Cuts Taxes for the Rich, Leaves Low-Income Seniors Behind
June 9, 2023
Housing affordability is one of the most pressing challenges facing New Jersey, but not all policies aimed at making the state affordable are equally effective, efficient, or equitable. When evaluating new proposals and changes to the tax code, it’s critical to consider who stands to benefit, by how much, and who is left behind. In […]
Knowledge at Wharton: Closing the Racial Wealth Gap in Retirement Readiness
June 7, 2023
Black and Hispanic Americans are less financially prepared for retirement than their white counterparts for multiple reasons. Participants at the 2023 Pension Research Council Symposium grappled with the underlying causes and suggested reforms. Read more.
The Commonwealth Institute: Cutting Top Personal Income Tax Boosts the Wealthy, Excludes People with Lower Incomes
June 6, 2023
With no budget compromise yet from the Virginia General Assembly, $1 billion in untargeted tax cuts that mostly benefit the wealthy and profitable corporations are still on the table. Read more.
Policy Matters Ohio: A Better Earned Income Tax Credit Will Help Ohio’s Working Families
June 6, 2023
Ohio’s leaders can use the tax system to increase economic stability for every family in the state. The Earned Income Tax Credit (EITC) is a proven, powerful tool to do just that. In 2021, the federal EITC lifted about 5.3 million people above the poverty line, including nearly 3 million children. Read more.
North Carolina Budget & Tax Center: Tax Changes in NC Senate Budget Plan Benefit Richest, Worsen Racial Inequities
May 25, 2023
The NC Senate tax plan will double down on the path to zero income tax — keeping in place the elimination of the corporate income tax and reducing the personal income tax to 2.49 percent after 2029 — to benefit the very wealthy and profitable corporations. Read more.
Arizona Center for Economic Progress: Extending the 2017 Tax Cuts and Jobs Act Will Further Solidify An Unequal Federal Income Tax Structure for Generations
May 23, 2023
A new report from the Institute on Taxation and Economic Policy (ITEP) predicts that making permanent the temporary provisions of the 2017 Tax Cuts and Jobs Act (TCJA) will cost nearly $290 billion in 2026. H.R. 976, the TCJA Permanency Act, would permanently enshrine the portions of the TCJA that were set to expire in 2025. In Arizona, […]
Massachusetts Budget & Policy Center: What’s Race Got to Do With It? Some Tax Proposals Would Widen Racial Inequality, Others Would Advance Equity
May 17, 2023
Lawmakers have proposed a variety of tax cuts, some of which would provide outsize benefits to the most affluent households and widen existing racial and economic disparities. Other proposed tax changes would make the Commonwealth more equitable by targeting benefits to lower-income households who need them the most. Read more.
U.S. Senate Budget Committee: Extending Trump Tax Cuts Would Add $3.5 Trillion to the Deficit, According to CBO
May 17, 2023
According to a report released today by the nonpartisan Congressional Budget Office (CBO), extending the Trump tax cuts would add $3.5 trillion to the deficit through 2033. Read more.
Oklahoma Policy Institute: Flat Tax, Tax Triggers Would Make Oklahoma’s Tax System Less Fair, Less Adequate, and less stable
May 16, 2023
With less than two weeks left in the 2023 legislative session, lawmakers have very little time remaining to reach agreement on, reveal, and adopt the Fiscal Year 2024 state budget. Bills that would change tax policy are typically unveiled as part of the budget package. Though they have not yet been introduced, this year’s budget […]
OpenSky Policy Institute: Proposed Property Tax Breaks Benefit Wealthy While Restricting School Revenue
May 11, 2023
The Legislature on Wednesday and Thursday will consider property tax breaks and corresponding income tax cuts that together would restrict the revenue that’s available to fund important programs that all Nebraskans rely on for years to come. Read more.
Testimony of ITEP’s Amy Hanauer Before the D.C. Tax Revision Commission
May 3, 2023
The written testimony of ITEP Executive Director Amy Hanauer is below the embedded video of the hearing. Dear D.C. Tax Revision Commission, Thank you for inviting me to testify last week on the research of my colleagues at the Institute on Taxation and Economic Policy. We’re grateful to have our perspective included and as a […]
Policy Matters Ohio: How Ohio’s Income Tax Works – and How the House Budget Would Change It
April 25, 2023
The proposed changes to the state’s personal income tax in the House substitute budget bill are another blow to Ohio’s only tax that is based on the ability to pay, weakening the public programs, institutions, and supports that make the state strong. Read more.
Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.
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