
June 16, 2015 • By ITEP Staff
This report lays out a set of policy and political interventions that cities, regions, and states can make to increase municipal revenue and to make their collections more progressive. Cities have historically suffered enormous budget shortfalls and after the Great Recession, available funds depleted even more drastically. Read the full report here.
June 16, 2015 • By ITEP Staff
Last week, we raised concerns with the Senate leadership’s new tax plan. Rather than reinvesting and regaining ground lost in recent years, the Senate is pursuing another round of costly income tax cuts. When fully implemented, the $1 billion price tag for the Senate tax plan will mean North Carolina must forgo investments in the foundations […]
June 15, 2015
Matthew Gardner, executive director of the left-leaning, Washington-based Institute on Taxation and Economic Policy said Kansas’ experience makes it more difficult for other states to pursue aggressive income tax cuts. In South Carolina, Republican Gov. Nikki Haley couldn’t pass income tax cuts even after declaring, “We are not doing what Kansas did.” “It’s clearly a […]
June 15, 2015
The report by the Institute on Taxation and Economic Policy on behalf of liberal research group Policy Matters Ohio estimates that the lowest 40 percent of Ohio income earners would see an average tax increase of about $20, although that number would fluctuate depending on whether someone smokes. Read more
June 15, 2015
“TOPEKA, Kan. — Republican legislators in Kansas narrowly approved tax increases Friday, responding to pleas from their leaders and a warning from GOP Gov. Sam Brownback’s aides about draconian spending cuts that could result if they didn’t erase a budget deficit. “Clearly, a move away from income taxes toward consumption makes an already unfair tax […]
June 15, 2015
Why did the recession have such a damaging effect on the state budget? Because, almost uniquely in the country, most of our state’s revenue comes from various kinds of sales tax. This causes real problems. The non-partisan Institute on Taxation and Economic Policy says Washington’s tax system is the most unfair in the entire country. […]
June 15, 2015
Poor families in Kansas would pay even more in taxes under a bill the state House passed Friday. Matt Gardner, the executive director of the left-leaning Institute on Taxation and Economic Policy said the new legislation would “double down” on those changes. “A tax hike of this size is going to have a worrisome impact […]
June 15, 2015 • By ITEP Staff
How much do undocumented Oregonians contribute in state and local taxes? A recent report by the Institute on Taxation and Economic Policy (ITEP) estimated that 124,000 undocumented Oregonians paid more than $83 million in state and local taxes in 2012. Read the full report here.
June 12, 2015
The text states that the contributions of this sector would increase by $ 845 million if the migrant relief proposed by US President Barack Obama is finally approved, and in 2.2 billion with a broader immigration reform, according to a recent study by the Intitute on Taxation and Economic Policy. Read more
June 12, 2015
Brownback’s well-paid tax consultant, the legendary economist Laffer, promised Kansans that the cuts would pay for themselves in supercharged economic growth. At the time, a report from the Institute on Taxation and Economic Policy showed that Laffer had things backward: over the previous decade, economic output per person had grown significantly faster in the nine […]
June 9, 2015
On average, the poorest one in five Texas residents pays 12.5 percent of their annual income in taxes to the state and to local governments, among the highest rates in the country, according to the nonpartisan Institute on Taxation and Economic Policy. Since the poor spend more of their income making basic purchases, sales taxes […]
June 9, 2015
“If you ask its advocates why it’s a good idea, one of the first things they’ll say is it’s a simpler way to tax,” said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a left-leaning nonprofit organization in Washington. “I think that’s largely an illusion. “Any move to a flat tax […]
June 9, 2015
Some states, however, have decided not to wait for the federal government to make the change. So far, 10 states have taken their own limited steps to expand the number of retailers that must collect sales taxes, according to the Institute on Taxation and Economic Policy. New York was first, enacting legislation in 2008 requiring […]
June 9, 2015
“If you ask its advocates why it’s a good idea, one of the first things they’ll say is it’s a simpler way to tax,” said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a left-leaning non-profit organization in Washington. “I think that’s largely an illusion.” “Any move to a flat tax […]
June 5, 2015
Most gentrification narratives go vaguely like this: hipsters come to a neighborhood and open up fancy businesses and build fancy stuff and the original residents get pushed out. But often there is little focus on how exactly the original residents get pushed out. Some policy institutes like The Institute on Taxation and Economic Policy consider most property […]
June 3, 2015
Brownback proposed the state eliminate income taxes for 388,000 poor residents and raise taxes for business owners. Sounds good. But the nonpartisan Institute of Taxation and Economic Policy found that the plan actually would raise taxes on the poorest 40 percent of Kansans. That’s because Brownback also proposes raising the sales tax to 6.65, from […]
June 3, 2015
Matt Gardner is director of the Institute on Taxation and Economic Policy, and he explained it this way: “If you think it’s wrong for companies to be able to shift their profits freely from state to state, on paper, without actually moving employees, without actually moving production, then this reform is a no-brainer,” he told […]
June 2, 2015
The non-partisan Institute of Taxation and Economic Policy found that the plan leaves behind the poorest 40 percent of Kansans. “The data does not support Governor Brownback’s claims,” said Annie McKay, executive director of the Kansas Center for Economic Growth. “In fact, data indicates the governor’s proposal not only fails to fix inequalities of his […]
June 2, 2015
Kate Brewster, executive director of Economic Progress Institute, also had a warning for the committee. She cautioned that while many have stories of seniors who move out of state because of taxes, a study by the Institute on Taxation and Economic Policy in Washington, D.C., estimates that less than 1 percent of those in 65 […]
June 2, 2015
Indeed, Washington has the nation’s most regressive tax structure, according to a study published in January by the Institute on Taxation and Economic Policy. The study found that the state’s top 1% contributes 2.4 percent of family income in state and local taxes while the poorest 20 percent contribute 16.8 percent, making Washington the “highest-tax […]
June 2, 2015
North Carolina’s sales tax is unfair because it “requires the least from those with the most,” said Meg Wiehe, state tax policy director at the national Institute on Taxation and Economic Policy, which leans to the left. And because it exempts services and falls less heavily on the rich, the sales tax by itself will […]
May 29, 2015
North Carolina’s sales tax law has loopholes large enough to drive a truck through — or sail a boat, pilot an airplane or guide a train. Or pull a wood chipper through, provided it is intended for use out of state. Each of those items gets preferential treatment under the law, underlining difficulties with a […]
May 29, 2015
Meg Wiehe, state tax policy director at the nonpartisan Institute on Taxation and Economic Policy, says Kansas’ tax cuts are “definitely the number-one reason the state faces a big budget gap.” And in Wisconsin, she adds, it is that, as the national recession ended and state revenues ticked up, Walker “enacted some permanent tax cuts” […]
May 28, 2015 • By ITEP Staff
Those making the least income relative to other New Yorkers would benefit more from the proposed circuit breaker than from a STAR rebate. Some 40 percent of taxpayers with incomes below $19,000 (the poorest fifth of New Yorkers) would receive a circuit breaker refund, according to an analysis of the governor’s proposal by the Institute […]
May 28, 2015
When considering income taxes overall, information from the Institute on Taxation and Economic Policy indicates that the poorest 20 percent of Kansans pay 11.1 percent of their income in taxes while the wealthiest 1 percent of Kansans pay only 3.6 percent. We have an unfair tax system. More than 300,000 businesses in Kansas are paying […]