
February 18, 2018
Carl Davis, the research director at the Washington-based Institute on Taxation and Economic Policy, has written extensively about ETCs as tax shelters. Nationwide, about $1 billion in potential tax dollars is diverted each year into these scholarship organizations, according to a 2016 ITEP report by Davis. What kinds of tax credits states allow under ETC […]
February 16, 2018
Half of unauthorized workers even file tax returns, according to the Institute on Taxation and Economic Policy. Many believe it will help them qualify some day for amnesty and legal residency, which is how DACA worked for the Dreamers. Even with 8 million unauthorized workers already here, more than half of American employers say they […]
February 16, 2018 • By ITEP Staff
Gov. Nathan Deal’s administration introduced a multifaceted tax package on Feb. 13, 2018 designed to reduce state revenues by about $1 billion a year over the next decade. House Bill 918 comes in response to recent news that the federal tax changes signed into law by President Donald Trump in December could generate a so-called […]
February 16, 2018 • By ITEP Staff
Idahoans believe that everyone should pay their fair share. But the passage of the federal Tax Cuts and Jobs Act in December 2017 raised concerns about potential negative impacts on Idaho families with children. If Idaho chooses to update its tax code to align fully with the federal changes (a policy choice called ‘conformity’), an estimated 66 percent of Idaho families with 1 to 2 dependents will see a state tax increase and 80 percent of Idaho families with 3 or more dependents will see a state tax increase. To mitigate these negative impacts, Idaho lawmakers are considering the creation…
February 15, 2018
It is difficult to quantify how much the average taxpayer would be affected under current law. A middle income family in Georgia — making between $40,000 and $62,000 annually — could see its federal tax burden decrease by about $600 annually, according to an analysis from the left-leaning Institute on Taxation and Economic Policy in […]
February 15, 2018 • By ITEP Staff
systemic barriers facing Kansans can strengthen our state’s economy. Using data broken out by race and ethnicity, gender, and immigration status, the entries highlight areas for policymakers to address to ensure continued economic prosperity for every Kansan. Policy and research analyst Emily Fetsch examined data in recent reports from the Kansas Health Institute and the Institute on Taxation and Economic Policy.
February 14, 2018 • By ITEP Staff
The new federal tax law has generated a lot of press, sparked a fair amount of outrage and led many elected officials scrambling to respond with sound policies. Unfortunately, there seems to be widespread confusion about the winners and losers under the new law – confusion that is complicating efforts to clean up New Jersey’s tax code and raise new resources to invest in critical public services.
February 13, 2018
The president released his budget Monday for fiscal 2019, proposing $11.1 billion for the Internal Revenue Service, including $2.3 billion for tax filing and compliance applications and $110 million to modernize the agency’s computer systems. “The real question is whether the base level of funding will be sufficient for the IRS to do its job […]
February 7, 2018
That all added up to a massive PR campaign on behalf of the cuts that elided all of the bill’s negative consequences, like the decision by Kleenex maker Kimberly-Clark to use its tax windfall to fund a plan that included laying off 5,000 workers. And it’s not clear that the cut directly led to the […]
February 7, 2018 • By ITEP Staff
A recent report from the Institute of Tax and Economic Policy (ITEP) shows how undocumented immigrants in Kansas demonstrate their commitment to our state and increase state revenue through the taxes they pay. Read more here
February 7, 2018 • By ITEP Staff
Currently, undocumented immigrants residing in Kansas pay nearly $68 million a year in state and local taxes. By granting undocumented immigrants full and legal status, Kansas could receive an additional $11 million in state and local taxes annually, creating a nearly $79 million state and local tax contribution from the undocumented immigrant population. Read more […]
February 6, 2018 • By ITEP Staff
One motivation for reducing taxes this year is to offset the increase in revenue that conformity – aligning our state tax code with recent federal changes – will bring. If Idaho chooses to conform, the state will collect additional revenue in the range of $82 million to $97.4 million. This means that some Idahoans – particularly those with multiple children - will pay more in state taxes.
February 2, 2018
Most of the individual and family savings from tax reform are going to high earners. In Texas, three-quarters of the upside will be claimed by taxpayers earning over $106,000, according to the Institute on Taxation and Economic Policy, a “nonprofit, nonpartisan” research firm in Washington. To offset those gains — and the hit on the […]
February 1, 2018 • By ITEP Staff
Immigrant taxpayers contribute to Georgia’s bottom line. As immigrants start businesses, buy homes, earn wages and spend disposable income at local businesses, they generate considerable state and local tax revenue regardless of citizenship status. Undocumented Georgians contributed an estimated $352 million in state and local taxes in 2014, according to the Institute on Taxation and […]
February 1, 2018 • By ITEP Staff
People-Powered Prosperity details a new vision for how state lawmakers can pursue strategies to help all Georgians thrive, as well as how the state can responsibly pay for it.
January 31, 2018
Indeed, it’s far more likely that businesses make decisions on where to locate based on a talented workforce and top-quality infrastructure than their tax rate. The Institute on Taxation and Economic Policy reported in 2013 that state and local taxes are only about 1.8 percent of a company’s cost of doing business. You cannot possibly lower the […]
January 31, 2018
Iowa lawmakers attempted in vain to repeal the deduction last year, and Alabama has considered repeal efforts as a way of offsetting the revenue loss that would occur if the state repeals its tax on groceries, according to a blog post by Dylan Grundman, senior policy analyst with the left-leaning Institute on Taxation and Economic […]
January 31, 2018
Below is an excerpt of an op-ed by ITEP deputy director Meg Wiehe. It’s well known that the GOP tax law approved in a rush at the end of last year provides a small tax cut for most working people and a bonanza for the wealthy. Attempting to make this historically unpopular bill more agreeable, […]
January 31, 2018 • By ITEP Staff
The Colorado Fiscal Institute (CFI) has a long-time partnership with the Institute of Taxation and Economic Policy (ITEP) and their estimate of the impact on state revenue is significantly smaller than the current amounts predicted by the Colorado Legislature and the Colorado Governor’s Office. This brief explains the various components of the ITEP estimate.
January 31, 2018 • By ITEP Staff
Arkansas is part of a shrinking group of states that haven’t started using tax credits, like the Earned Income Tax Credit (EITC), to build their middle class and help people move permanently out of poverty. Arkansas remains among the worst states for overtaxing the poor.
January 30, 2018
Meanwhile, Walmart, the nation’s largest private employer, announced it would spend an additional $700 million over the next two years on employee pay, thanks to the tax bill. That’s less than 5 percent of the company’s most recent annual profit. Walmart announced the closure of 63 Sam’s Club stores, which will result in hundreds of […]
January 30, 2018 • By ITEP Staff
For Rhode Island to achieve its potential as a first-class place to live and do business we need to ensure that we have the public services and amenities that enhance the quality of life and work in our state. Rhode Islanders make a collective investment through taxes, fees, and other forms of revenue to fund the services that businesses and residents count on.
January 29, 2018 • By ITEP Staff
The Colorado Fiscal Institute (CFI) promotes tax and budget policies that are effective, efficient, equitable, transparent and accountable. Each year, CFI takes positions on new legislation that affects the sustainability and equity in Colorado's state budget and tax system.
January 28, 2018
December’s federal income tax reform bill would have decreased Oklahoma’s state income tax revenue by $375 million had legislators not “decoupled” from the federal standard deduction last year, analysts say. “Had we not decoupled, the state would have been bringing in $375 million less this year,” said David Blatt of the Oklahoma Policy Institute, citing […]
January 27, 2018 • By ITEP Staff
A recent study by the Institute on Tax and Economic Policy (ITEP) shows that the estimated 137,000 undocumented immigrants in Pennsylvania pay our state and local governments almost $135 million in taxes each year. (They pay $11.7 billion in state and local taxes nationwide.) Read more here