Citations
6,208 posts
Think Progress: CBO Confirms Tax Law Will Worsen Offshore Tax Dodging
April 16, 2018
The CBO findings echo analysis from non-partisan think tanks like the Institute on Taxation and Economic Policy, which found that the Republican Tax Cuts and Jobs Act would make offshore tax dodging even worse than it was before. The Center on Budget and Policy Priorities similarly found that the plan is “likely to lead to more […]
NC Budget and Tax Center: North Carolina’s Upside Down Tax Code
April 16, 2018 • By ITEP Staff
Tax season comes to a close this week, and Tax Day serves as a good time to reflect on who pays taxes in North Carolina. The income tax is, naturally, at the foremost of our minds, but often ignored as one of the best tools to align our tax code with taxpayers’ ability to contribute […]
New Jersey Policy Perspectives: Undocumented Immigrants Pay Taxes: County Breakdown of Taxes Paid
April 16, 2018 • By ITEP Staff
While undocumented immigrants in New Jersey now face greater threats from the federal government than ever before, new data at the state and county level released by the Institute on Taxation and Economic Policy make clear that the Garden State’s undocumented immigrants are an important economic benefit to this immigrant-rich state. Read more here
Dallas Morning News: NJ Gov. Murphy to Texas Gov. Abbott: Back off from our people and companies Filed under Commentary at 4 days ago
April 16, 2018
We are also not fixated on cutting taxes for the wealthy at the expense of the middle class. According to the Institute on Taxation and Economic Policy, Texas is home to the third-most unfair state and local tax system in the country, with middle-class and working families paying disproportionately higher rates than the wealthiest Texans. […]
The Chronicle: Value Teachers, Unions to Better Education
April 16, 2018 • By ITEP Staff
It is not a coincidence these movements took place in Republican-led states in which tax cuts take precedence over funding education. An example is Kentucky House Bill 366, which would cut taxes of the state’s wealthiest residents while increasing taxes of low-wage earners, according to the Institute on Taxation and Economic Policy.
The Street: Is President Trump’s Beef with Amazon Justified
April 15, 2018
Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy, added that Amazon aggressively fought off calls for years that it start collecting such taxes. Avoiding collection of this money for that long gave the company a huge advantage with shoppers and greatly disadvantaged bricks-and-mortar retailers, he said. Read more
Newark Star-Ledger: The 15 Mostly Red States That Mooch off NJ the Most
April 15, 2018
Under the Republican tax bill, New Jersey and five other states, four of which now pay more to Washington than they receive in services, will contribute a greater share of federal income taxes than they do now, according to the Institute on Taxation and Economic Policy, a progressive research group. Read more
Last Week Tonight with John Oliver: Corporate Taxes
April 15, 2018
ITEP’s corporate data was featured on Last Week Tonight with John Oliver
WNYC: Despite Myth, Undocumented Immigrants Pay Taxes But Receive Few Benefits
April 13, 2018
Yatziri has recently benefited from her DACA status, and her tax dollars have helped fuel the $2 billion dollars in state and local taxes contributed by DACA recipients across this country. According to Meg Wiehe, deputy director at the Institute on Taxation and Economic Policy, this money was instrumental in a circuit court judge’s decision to halt […]
GOP Authors of Tax Law Double Down in Campaigns
April 13, 2018
Roskam’s campaign estimates that his district will get $1 billion in tax relief in 2019 for individuals and pass-through businesses, citing data from the IRS and the Institute on Taxation and Economic Policy. While Democrats seeking to unseat the GOP tax-writers say voters have concerns about the new tax law, they expect that other issues […]
Vox: Immigrants Pay Taxes
April 13, 2018
The best estimates come from research by the Institute of Taxation and Economic Policy, a Washington, DC, think tank, which suggests that about half of undocumented workers in the United States file income tax returns. The most recent IRS data, from 2015, shows that the agency received 4.4 million income tax returns from workers who […]
Washington Post: Kentucky’s Tax Cut for the Top 5 Percent Survives Despite Governor’s Veto
April 13, 2018 • By ITEP Staff
Republicans in Kentucky's state legislature overturned Gov. Matt Bevin's (R) vetoes of their tax overhaul and budget plan Friday, capping a dramatic confrontation between members of the same party that has also seen thousands of teachers descend on the state Capitol in protests for better pay.
Washington Post: Behind Oklahoma’s Teacher Strike: Years of Tax Cuts and an Energy Slump
April 12, 2018
Some states that have also recently pushed through big income tax cuts, including North Carolina and Ohio, did so while also broadening their tax base, according to Meg Wiehe of the Institute on Taxation and Economic Policy. But until this year, Oklahoma did very little to balance rate reductions with increases in the tax base. Oklahoma raised […]
Reuters: U.S. Companies Found Ways to Avoid Taxes Before Tax Bill: Report
April 12, 2018
A report by the Institute on Taxation and Economic Policy, or ITEP, said data showed how profitable Fortune 500 companies have routinely lowered their tax bills long before the Republican tax overhaul signed into law by President Donald Trump in December. The 15 corporations had profits of $24.5 billion in 2017 but managed to obtain […]
Washington State Budget & Policy Center: Five Essential Truths About Our State Tax Code
April 12, 2018 • By ITEP Staff
Unfortunately, many myths permeate the public discourse about our state tax code. At the Washington State Budget & Policy Center, we are committed to making sure you know the truth about that tax code – and the real solutions that must be enacted in Olympia to make it work for everyone. Because it is a tax code that doesn’t live up to our values. It isn’t set up to invest in our communities in the short and long term. And it is set up to favor corporations, special interests, and the ultra-wealthy over everyday Washingtonians. As a result, the tax…
CNN: Kentucky Governor Signs Pension Reform Bill
April 11, 2018
House Bill 366 has come under criticism from Democrats and analysts who say that it favors the wealthy and corporations, reported CNN affiliate WKYT. An analysis of that bill by the Institute on Taxation and Economic Policy found it would bring a huge tax cut for the richest 1% of residents, while the biggest tax […]
CNN: Kentucky Governor Signs Controversial Pension Bill as Teachers Call for Rally
April 11, 2018
An analysis of that bill by the Institute on Taxation and Economic Policy found it would bring a huge tax cut for the richest 1% of residents, while the biggest tax increase would affect those making less than $21,000 a year.
Tribune News Service: Amid Teacher Protests, Kentucky Governor Vetoes Budget and Tax Plan
April 10, 2018
Democratic lawmakers expressed support for Bevin’s decision to veto the tax changes. In a joint statement from Senate Minority Leader Ray Jones and House Minority Leader Rocky Adkins, the two Democratic leaders said the bills were not “transparently vetted” and referenced a study performed by the Institute on Taxation and Economic Policy that found that […]
Fiscal Times: Who Wins if Temporary Tax Cuts Are Made Permanent
April 10, 2018
Virtually all of the individual tax cuts are temporary, and making them permanent is being pitched politically as a win for middle-class taxpayers. But according to a new analysis from the Institute on Taxation and Economic Policy, the extension the temporary tax cuts after 2025 will do little to change the overall distribution of benefits […]
Lexington Herald-Leader: Bevin Vetoes Entire State Budget and Tax Overhaul Plan
April 9, 2018
Democratic lawmakers expressed support for Bevin’s decision to veto the tax changes. In a joint statement from Senate Minority Leader Ray Jones and House Minority Leader Rocky Adkins, the two Democratic leaders said the bills were not “transparently vetted” and referenced a study performed by the Institute on Taxation and Economic Policy that found that […]
CNBC: Trump Organization’s Online Store Adds Virginia to Short List of States Collecting Tax on Its Sales, Bringing Total to 3
April 9, 2018
“You have Trump Tower New York and the Trump Store in Trump Tower pointing people to the site, essentially being salespeople,” Carl Davis, research director of the nonpartisan Institute on Taxation and Economic Policy, told CNBC. A spokesman for the New York Department of Taxation and Finance said secrecy laws prevent it from commenting on […]
Vox: How Tax Cuts for the Rich Led to the Oklahoma Teachers Strike
April 9, 2018 • By ITEP Staff
Before the strike last week, the state legislature tried to avert the work stoppage by passing a $447 million tax increase that effectively gives teachers an average annual pay bump of $6,000. That concession from the state legislature didn’t meet the teachers’ full demands, but it was a huge win considering the state legislature hadn’t approved a tax increase since 1990.
Associated Press: Amazon Ignores Trump’s Attacks as It Molds a Business Empire
April 6, 2018
Trump’s charge that Amazon pays “little or no taxes” may have merit. Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, said in February that Amazon “has built its business model on tax avoidance.” Amazon reported $5.6 billion of U.S. profits in 2017 “and didn’t pay a dime of federal […]
The Motley Fool: Amazon Is a Master of Tax Avoidance
April 6, 2018
Until the stock’s recent dive, Amazon was the second-most valuable company in the country, worth nearly $800 billion and behind only Apple. However, the company paid no U.S. income taxes on a $5.6 billion in domestic profits last year thanks to a $789 million windfall from the new tax law, according to the Institute on Taxation […]
Courier Journal: Kentucky Tax Reform Bill is a Break for the Rich but a Hike for Everybody Else, Study Says
April 6, 2018
The tax bill that zipped through the General Assembly on Monday will amount to a tax break for millionaires but a tax increase for 95 percent of Kentuckians, according to an analysis by the Washington-based Institute for Taxation and Economic Policy.
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