Citations
6,208 posts
USA Today: Gas Taxes Rise Sunday in Seven States as AAA Projects Record Travel for July 4th
July 2, 2018
Massive teacher protests this spring in Oklahoma, West Virginia, Kentucky and other states prompted the Oklahoma Legislature to raise taxes on cigarettes, fuel and oil and gas production to pay for raises averaging $6,100 per year and to boost funding for schools, support personnel and state workers. “The last time the Sooner State raised its gas tax […]
Augusta Free Press: Rising Gas Prices, Health Costs Mitigate Impact of Tax Cuts
July 2, 2018
Meanwhile, six months after passage of the tax cut law, Virginia’s wealthiest one percent will be watching fireworks at the country club in great comfort knowing that their tax cuts will provide them with a $60,000 average tax cut a year, according to the Institute on Taxation and Economic Policy. According to figures from GasBuddy.com, the price […]
Seattle Times: Fight Heats up over Washington State Carbon ‘Fee’ Likely to Make Fall Ballot
July 2, 2018
Opponents criticize the measure as a regressive tax on Washingtonians. They note that the state — with a sales tax but no income tax — already is considered to have the most regressive tax system in the nation, according to a study by the Institute on Taxation and Economic Policy. Read more
American Prospect: The Two Biggest Lies in Donald Trump’s Tax Plan
June 29, 2018
Following is an excerpt from an essay in the American Prospect by ITEP Senior Fellow Matt Gardner: Despite a full-court charm offensive by the White House, its media surrogates, and big corporations that benefit most from the 2017 Republican Tax Act, the public stubbornly sees the truth: that President Trump’s tax bill was designed for […]
San Antonio Express News: Why Immigrants Come
June 29, 2018
What’s needed is a change of policy and a change of focus. The objective should not be to decrease the supply of labor needed in the farm fields and hospitality industries but rather to create a program and a process whereby employers can legally hire these undocumented workers to do the jobs they can’t find […]
Fast Company: AT&T’s Long Partnership with NSA Is Just Another Swamp Romance
June 28, 2018
The Institute on Taxation and Economic Policy said AT&T enjoyed an effective tax rate of just 8 percent between 2008 and 2015, despite the fact that the company enjoyed record profits, and took full advantage of tax breaks and loopholes. AT&T objected, saying it pays an effective tax of 32.7%. Read more
American Prospect: Massive Spending Cuts, the Tax Act’s Hidden Costs
June 28, 2018
According to an analysis released last year by the Institute on Taxation and Economic Policy, those in the bottom fifth of the income distribution paid just under 7 percent of their income in federal taxes, and just over 12 percent in state and local taxes. That contrasts with the top 1 percent of tax filers, […]
Washington Post: N.J. Approaches a Government Shutdown as Democrats Feud Over Tax on Millionaires
June 28, 2018 • By ITEP Staff
New Jersey is just days away from a government shutdown over a plan to raise taxes on the rich that has divided Democrats and revealed the political difficulty of raising funds for the party's ambitious social spending goals.
Bloomberg BNA: Fix’ for Federal Cap on State Tax Deduction? K-12 Tax Credits
June 27, 2018
But the very same charge can be made against the tax credit programs for private K-12 schools, the Institute on Taxation and Economic Policy said in its report. These programs are now being openly promoted by tax advisers and accountants as a way to sidestep or circumvent the SALT deduction cap, according to ITEP. “In […]
Wall Street Journal: As Treasury Targets Workarounds to Tax Law, Impact May Extend Beyond High-Tax States
June 27, 2018
Tax experts say the federal government will find it difficult if not impossible to write rules to stop the workarounds in New York, New Jersey and Connecticut without also limiting existing tax credits in Georgia, Alabama, South Carolina and elsewhere. According to a recent paper from law professors, 33 states currently have more than 100 […]
Consumer Reports: Sales Tax Ruling May Have Limited Impact
June 27, 2018
Most states currently have some kind of sales tax, though the amount—and what items or services are taxed—varies widely from state to state. Some experts think states will need to pass additional legislation to collect more tax on online purchases, which could take some time. “The Court’s decision provides no hard-and-fast rules for states to […]
The American Prospect: Raises and Bonuses, The PR Fraud
June 27, 2018
It’s hard to imagine a greater encouragement for companies to shift as much profit overseas as possible, mostly to low- or no-tax havens. By the time the tax debate began, the corporate offshore profits pile had grown to $2.6 trillion, on which the companies owed more than $750 billion in unpaid U.S. taxes, according to […]
Governing: Why New Jersey Is Headed for Another Shutdown
June 26, 2018
But Meg Wiehe, deputy director of the left-leaning Institute on Taxation and Economic Policy, notes that the federal corporate income tax cut also has an effect on high-income earners. Historically, shareholders have been the biggest beneficiaries of corporate tax cuts. According to her organization’s research, that means New Jersey’s wealthiest 1 percent will still see […]
Scene: Policy Matters Ohio Proposes State Income Tax Overhaul to Help Low- and Middle-Income Ohioans
June 26, 2018 • By ITEP Staff
After presenting the recommendations contained within a new report Tuesday morning, Policy Matters Ohio researcher director (and the report's lead author) Zach Schiller was asked whether or not Ohio, a "center-right state," would realistically support a tax code overhaul that proposed taxing Ohio's wealthiest at a higher rate.
Policy Matters Ohio: Overhaul: A plan to rebalance Ohio’s income tax
June 25, 2018 • By ITEP Staff
Policy Matters proposes the following changes to the state income tax […] This would generate almost $2.6 billion a year, including the cost of expanding the EITC, according to analysis by the Institute on Taxation and Economic Policy (ITEP). Read more here
NPR: Supreme Court Ruling Means Some Online Purchases Will Cost More
June 22, 2018
While the court made clear that the states do not have unlimited power to require sales tax collection, “The court blessed South Dakota’s law,” said Carl Davis, research director for the Institute of Taxation and Economic policy. The law specifically protects small businesses from collecting sales taxes if they have less than $100,000 in sales […]
New York Times: Supreme Court Widens Reach of Sales Tax for Online Retailers
June 22, 2018
The decision, in South Dakota v. Wayfair Inc., was a victory for brick-and-mortar businesses that have long complained they are put at a disadvantage by having to charge sales taxes while many online competitors do not. And it was also a victory for states that have said that they are missing out on tens of […]
CNBC: Here’s What That Supreme Court Sales Tax Decision Means for You
June 22, 2018
If you haven’t been doing this, you might get a nasty surprise at checkout if your state successfully pushes online merchants to collect those taxes. “This is about improved enforcement of a tax that’s already on the books,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. “For years, shoppers have […]
CNBC: Trump Celebrates Supreme Court Decision that Could Force His Online Store to Collect More Taxes
June 22, 2018
The store, which brands itself as “the official retail website of The Trump Organization,” currently names just four states in which it collects sales taxes. Before April, only two were listed. “The end game here is that internet stores like Trump store should begin collecting sales tax” in more states, said Carl Davis, research director […]
Buffalo News: Sales Tax Ruling Will Help Stores Compete Against Online Retailers
June 22, 2018
Carl Davis, research director at the Institute on Taxation and Economic Policy, a Washington think tank, was quoted in The New York Times saying, “State and local governments have really been dealing with the nightmare scenario for several years now.” He added that “this is going to allow state and local governments to improve their […]
Market Insider: Trump Praises Supreme Court Decision on Sales Tax
June 22, 2018
A Trump Organization representative did not respond to a request for comment from Business Insider on how the Supreme Court decision could affect TrumpStore.com. When New York was added to the list of states, a Trump Store spokesperson told Business Insider the online retailer has “always, and will continue to collect, report, and remit sales […]
Reuters: How U.S. Tax Reform Rewards Companies that Shift Profit to Tax Havens
June 20, 2018
“If the guardrails in the new territorial system were meant to prevent companies from avoiding all taxes, AbbVie’s (tax rate) is a pretty clear signal that these guardrails may not be effective,” said Matthew Gardner, senior fellow with the Institute of Taxation and Economic Policy. Read more
USA Today: After Losing Fight to Levy ‘Amazon tax,’ Seattle Is Back to Square One on Helping Homeless
June 20, 2018
The construction pause “was a concrete action as opposed to just a threat,” said Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a nonpartisan, nonprofit in Washington, D.C., focused on federal, state and local tax reform issues. “It seems pretty clear now that whoever ‘wins’ the HQ2 battle is very likely going to be […]
Cleveland Plain Dealer: Our Immigrant Neighbors Are Not Violent Criminals to Be Uprooted and Separated from Their Children
June 20, 2018
According to a 2017 study carried out for the Institute on Taxation and Economic Policy, a Washington, D.C. research organization, undocumented immigrants collectively pay almost $12 billion a year in state and local taxes, approximately 8 percent of their income. To put this in perspective, the institute observes that “the top 1 percent of taxpayers pay […]
NorthJersey.com: NJ Lottery Operator Northstar Wants $97 Million Raise and Less Money for New Jersey
June 15, 2018
In neighboring Pennsylvania, the Legislature in 2014 approved decreasing the minimum profit margin from 27 percent to 25 percent and projected net revenue would increase by $40 million over the following three to four years. Since the change, Pennsylvania’s net revenues decreased cumulatively by $35 million, according to research by the Institute on Taxation and […]
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