Citations
ITEP's Citations Research Priorities
Hartford Business Journal: Major policies opposed by businesses loom in Democrat-controlled legislature
January 14, 2019
When Rep. Josh Elliott (D-Hamden) calls Connecticut’s tax system regressive, it’s not just an opinion. The Democrat is citing a 2014 report by the state’s own tax department, that uses a scoring method called the Suits Index to measure the impact of Connecticut’s nine major state and local taxes. The Department of Revenue Services concluded […]
Eagle Pass Business Journal: Report: Low-Income Taxpayers Pay Most in Connecticut
October 19, 2018 • By ITEP Staff
The report, by the Institute on Taxation and Economic Policy and Connecticut Voices for Children, found the state’s lowest-income earners pay 41 percent more of their income in taxes than wealthier residents. According to Jamie Mills, director of fiscal policy and economic inclusion at Children’s Voices of Connecticut, taken as a whole the tax system in the Nutmeg State is upside down – because, as in many other states, the tax on personal income is only part of total tax revenue.
NJ.com: Murphy Pushes Plan to Save Property Tax Breaks
September 26, 2018
Only residents of New York, Connecticut, and California deduct more from federal taxes than New Jerseyans, according the progressive Institute on Taxation and Economic Policy. Most of the states hit hardest send billions of dollars more to Washington than they get back in services. Read more
New Jersey Online: Trump Administration Rejects Efforts to Save Your Property Tax Break
August 23, 2018
And in New Jersey, more than four in 10 taxpayers claimed that tax break and deducted an average deduction of $17,850 in 2015, according to the Pew Charitable Trusts. Only residents of New York, Connecticut and California deduct more from federal taxes than New Jerseyans, according the progressive Institute on Taxation and Economic Policy. Read more
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 […]
Bloomberg BNA: Higher Gas Prices May Mean Paying States More in Taxes
May 1, 2018
As a result, a few states will see revenue gains from higher prices because their tax rates are tied to the price of fuel, rather than its volume, Carl Davis, research director for the left-leaning Institute on Taxation and Economic Policy, told Bloomberg Tax. Those states include California, Connecticut, Kentucky, Maryland, Nebraska, New Jersey, New […]
CNN: GOP Tax Plans Could Fuel the Suburban Revolt Against Trump
November 15, 2017
The bite from the GOP bill is deeper for upper-middle-class families in major metropolitan areas, particularly in Democratic-leaning states where taxes, and usually property values, are higher. While only about one-in-five families between the 80th and 95th income percentiles in most red states would face higher taxes by 2027 under the House GOP bill, that […]
Select State News Coverage of ITEP’s 50-State Analysis of the GOP Tax Proposal
October 10, 2017
The Sentinel: Trump Tax Even in Harrisburg Will Feature Truckers The Columbus Dispatch: 15% of Ohioans Could See Tax Increase Under GOP Plan KGW Portland: Richest Oregonians Benefit Most from Proposed Tax Cuts Raleigh News & Observer: The Racial Wealth Divide Could Grow with Tax Changes Northwest Indiana Times: Hoosiers Would Lose in Trump Tax […]
Connecticut Voices for Children: Testimony Supporting H.B. No. 7316 – An Act Concerning Evaluation of Business Assistance and Incentive Programs H.B. No. 7313 – An Act Imposing a Surcharge on Income Derived From Investment Management
April 11, 2017 • By ITEP Staff
At Connecticut Voices for Children, we view the state budget as the clearest statement of Connecticut’s policy priorities. We believe that these priorities should advance long-term inclusive economic prosperity, equity of opportunity, and support for our most vulnerable residents. We believe that an effective revenue system can advance these core priorities by adhering to five […]
Connecticut Post: These two big Connecticut companies avoided taxes for years
April 11, 2017
The Institute on Taxation and Economic Policy in Washington, D.C. analyzed 258 profitable Fortune 500 companies and found that 100 of them paid no taxes at least one year between 2008 and 2015. Eighteen of these corporations, including General Electric and Priceline, paid zero total income tax over the eight-year period, the study showed. […]
Connecticut Voices for Children: Testimony Regarding S.B. No. 787 – AAC Revenue Items To Implement the Governor’s Budget
March 9, 2017 • By ITEP Staff
At Connecticut Voices for Children, we view the state budget as the clearest statement of Connecticut’s policy priorities. We believe that these priorities should advance long-term inclusive economic prosperity, equity of opportunity, and support for our most vulnerable residents. We believe that an effective revenue system can advance these core priorities by adhering to five […]
The Connecticut Post: A giant sucking sound on the horizon
March 8, 2017
The nonpartisan Institute on Taxation and Economic Policy broke it down more. They pay more than $125 million in just state and local taxes in Connecticut. That would rise by more than $20 million if they had legal status. Republican presidential candidate Mitt Romney once said you can’t take that much money out of an […]
Connecticut Voices for Children: Testimony Regarding Estate and Gift Taxes and Exempting Retirement Income: SB 5, SB 58, HB 6358, SB 6, SB 272, HB 6558, and HB 5587
March 3, 2017 • By ITEP Staff
Exemptions to Pensions and Social Security – Exempting retirement income would not only cause immediate revenue deterioration, but given the state’s aging population, could threaten long-term adequacy of the income tax. According to the University of Virginia’s Demographics’ Research Group, Connecticut’s share of individuals age 65 and older is expected to increase rapidly from 14 […]
CT News Junkie: Keep Your Eyes on the CEO Not the Public Employee
February 22, 2017
According to the Institute on Taxation and Economic Policy (ITEP), Connecticut’s state and local tax system is the 26th most regressive in the nation. That simple fact alone is reason enough to demand real tax fairness. Connecticut’s budget issues cannot be resolved on the backs of middle class families. Nor can they be fixed by […]
Hartford Courant: Windham Works On Sanctuary City Resolution
January 30, 2017
Hewes pointed to a number of sources of information, including a 2015 report from The Institute on Taxation and Economic Policy. According to this report, “unauthorized immigrants in Connecticut paid $136.6 million in state and local taxes in tax year 2012, including $67.1 million in sales taxes, $53.9 in property taxes, and $15.5 in personal […]
News-Times: Estate tax change makes no sense
January 23, 2017
“According to the Institute on Taxation and Economic Policy, Connecticut’s top 1 percent (making more than $1.33 million a year) saw just 5.3 percent of their incomes go to taxes in 2015 (income, and sales). Conversely, the bottom 20 percent (making less than $25,000 a year) paid nearly twice that. Meanwhile, 40 percent paid a […]
Connecticut Voices for Children: Revenue Options are Key to Addressing Budget Shortfalls and Supporting Thriving Communities
January 18, 2017 • By ITEP Staff
Long-term investments in children and families have been the cornerstone of the state’s prosperity. To preserve these investments and support long term economic health, a balanced approach to the upcoming biennial budget must include new resources. Read more here
Connecticut Voices for Children: Impact of the Final FY 2017 Budget on Children and Families
January 9, 2017 • By ITEP Staff
“Following hundreds of millions of dollars in budget cuts in Fiscal Year 2016, Connecticut policymakers tackled the nearly $1 billion budget deficit in Fiscal Year 2017 (FY 17) by adopting a two-pronged austerity approach. First, policymakers refused to consider any new revenues, taking a cuts-only method that struck $233.6 million from programs that support children […]
The Middletown Press: Several big Connecticut firms keep offshore subsidiaries for tax purposes
October 14, 2016
“The report, Offshore Shell Games, was compiled by the U.S. Public Interest Research Group, the Institute on Taxation and Economic Policy, and Citizens for Tax Justice.” Read more
Salon: Donald Trump’s tax returns show the American tax code favors the rich
October 5, 2016
“’The real estate [loophole] is a pretty clear and, I think, pretty potent example of a tax break where middle-income Americans look at it and just say, “Well, this doesn’t do anything, this is basically inapplicable to me,”’ said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy. ‘It’s legal; it probably […]
CBS Connecticut: Companies Store Trillions In Offshore Accounts
October 4, 2016
“The study by ConnPirg, the Connecticut Public Interest Research Group, along with the Institute on Taxation and Economic Policy, shows $2.5-trillion squirreled away in offshore accounts.” Read more
WTNH: New report highlights Connecticut companies utilizing tax havens
October 4, 2016
“Matthew Gardner, a spokesperson for the Institute on Taxation and Economic Policy, explained that the only way for the U.S. to get this tax money back would be to adjust the current tax codes.” Read more
Hartford Business: Unusual property-tax experiment given new life
June 7, 2016
“Meanwhile, a national tax expert, Carl Davis of the nonpartisan Institute on Taxation and Economic Policy, said he was unaware of any similar programs in other states, and warned that if the pilot is expanded beyond five towns, it could pit cities and towns against one another and promote business poaching.” Read More
Journal Inquirer: Bonding for Bob’s Discount Furniture, Westport hedge fund raises questions
May 31, 2016
“He cited reports, including one by the nonpartisan Institute on Taxation and Economic Policy that found tax incentives to be “costly for states” and “a drag on national economic growth.”” Read more
Hartford Business Journal: Controversial hedge fund aid passes with little opposition
May 31, 2016
“Lembo highlighted reports, including one by the nonpartisan Institute on Taxation and Economic Policy that found tax incentives are “costly for states” and “a drag on national economic growth.”” Read more
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