Institute on Taxation and Economic Policy (ITEP)

ITEP Work in Action

Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.

New Jersey Policy Perspectives: Undocumented Residents Pay $587 Million a Year in NJ Taxes

April 3, 2017

New Jersey’s undocumented immigrants contribute $587 million in state and local taxes, the sixth highest level of all the states. And those contributions would increase by $73 million – the eighth most of all states – under comprehensive immigration reform. These are the key Garden State findings in a new 50-state study released today by […]

New Jersey Policy Perspectives: Transportation-Funding Deal Endangers New Jersey’s Future & Fails the ‘Tax Fairness’ Test

October 4, 2016

After a months-long stalemate, New Jersey’s three most powerful policymakers announced late last Friday that they’d come to an agreement on investing in the state’s transportation networks. As part of the deal, the leaders have agreed to a large-scale package of tax cuts that would disproportionately benefit well-off New Jerseyans while further decimating the state’s […]

New Jersey Policy Perspective: Executive Actions on Immigration Would Help Many New Jerseyans While Boosting the Economy

October 21, 2015

President Obama’s 2014 executive actions on immigration would benefit hundreds of thousands of New Jerseyans and provide a boost to the state’s economy by allowing many undocumented residents to work legally and avoid deportation. Read the full report here

New Jersey Policy Perspective: Levied on Very Few, New Jersey’s Estate and Inheritance Taxes Support Colleges, Health Care & Other Services

October 21, 2015

An effort by some lawmakers to eliminate or drastically cut taxes for a small number of New Jerseyans – a move that would deliver the greatest benefit to the state’s wealthiest households – threatens resources needed for public colleges, safe communities, health care and other important services. Read the full report here

New Jersey Policy Perspective: Increasing the EITC Would Boost New Jersey’s Working Families

June 29, 2015

Increasing New Jersey’s Earned Income Tax Credit (EITC) to 30 percent from 20 percent of the federal EITC would provide over half a million New Jersey working families with a much-needed bump in their take-home pay while giving the state’s economy a boost. But the economic impact of the EITC goes beyond the specific amount […]

New Jersey Policy Perspective: Failure to Address Gas Tax Costs New Jersey Over Half a Billion Dollars a Year

April 29, 2015

New Jersey is losing out on over $500 million each year by not tying increases in transportation construction costs to increases in gas tax rates, a new national report finds. This $504.7 million currently left on the table could nearly double the annual funding for vital transportation projects across the state. Read the full report

New Jersey Policy Perspective: Income Taxes Don’t Impede Economic Growth

April 29, 2015

As Gov. Chris Christie prepares to unveil the specifics of his proposed 10-percent income tax cut at next week’s budget address, he’s working under a key tenet of conservative economics: that high tax rates harm economic growth. There’s just one problem, according to a new national report by the Institute on Taxation and Economic Policy […]

New Jersey Policy Perspective: State Treasurer Confesses: Our Job is To Protect Millionaires

April 29, 2015

In case it remained a mystery to anyone, the administration’s plan for economic growth was made clear by Treasurer Andrew Sidamon-Eristoff at a New Jersey Business and Industry Association breakfast last Tuesday. To paraphrase the treasurer, the state’s job is to protect its approximately 15,000 millionaires by cutting their taxes. Read the full report

New Jersey Policy Perspective: Tax Increase to Fund Transportation Should Be Combined with Credit to Help Low-Income Families

January 26, 2015

As New Jersey policymakers close in on a deal to boost New Jersey’s transportation funding, a bold solution that raises at least $1 billion in new revenue a year through new gas taxes is essential if New Jersey wants to take advantage of one of its greatest economic assets – its location – and rebuild […]

New Jersey Policy Perspective: New Jersey’s Upside-Down Tax System

January 21, 2015

Low-income and middle-class New Jerseyans pay greater shares of their incomes in state and local taxes than wealthy residents, according to a new study released today by the Institute on Taxation and Economic Policy (ITEP) and New Jersey Policy Perspective (NJPP). Read the full report

New Jersey Policy Perspective: Many of America’s Most Profitable Corporations Pay Little or No Federal Income Taxes

February 26, 2014

New Jersey-based Honeywell, which in 2012 was awarded a state tax break of $40 million not to leave New Jersey, paid no federal corporate income taxes in 2009 and 2010, despite posting $3 billion in profits in those two years. Because of various tax breaks and loopholes, Honeywell’s effective federal corporate income tax rate in […]

New Jersey Policy Perspective: $elling New Jersey $hort: Across-the-Board Income Tax Cut Would Harm the Garden State

January 13, 2014

An across-the-board state income tax cut would be detrimental to New Jersey’s future because it would do nothing to create jobs and grow the economy while disproportionately helping those who need it least and eroding public capacity to invest in the true building blocks of job growth and a strong economy. The state’s finances are […]

New Jersey Policy Perspective: New Jersey’s Undocumented Immigrants Pay Nearly Half a Billion Dollars a Year in State and Local Taxes; Immigration Reform Would Boost These Revenues by $81 Million

July 10, 2013

With fiscal costs and benefits figuring large in the immigration reform debate, a new analysis estimates that unauthorized immigrants are already paying $10.6 billion a year in state and local taxes nationwide, including $476 million in New Jersey. The study, released today by the Institute on Taxation and Economic Policy (ITEP), also estimates that New […]

New Jersey Policy Perspective: Invest in New Jersey: Improve Our Roads and Bridges

June 28, 2013

Fixing New Jersey’s crumbling roads and bridges is vital to energizing the state’s lagging recovery from the Great Recession. Without a sound transportation system that allows businesses to cheaply and efficiently move their goods to market and eases the commute of working men and women, New Jersey’s economy will continue to trail its neighbors. Rather […]

New Jersey Policy Perspective: Gas Tax Talk Leads Down the Right Road

January 15, 2013

In the wake of restructuring proposals made by Governor Corzine, the gasoline tax is starting to be talked about as part of a solution to New Jersey’s financial crisis. This is a welcome development. For too long, New Jersey has shied away from greater use of gas taxes and other driving-related fees, to the detriment […]

New Jersey Policy Perspective: Funding for Business Tax Breaks Shows Skewed Priorities

January 15, 2013

The Fiscal Year 2009 budget proposed by Gov. Jon Corzine increases spending on tax breaks for businesses—tax breaks of questionable value, as some recent developments highlight— while investments in more tried and true economic development tools suffer. More than ever, it is clear that New Jersey needs to spend state dollars in ways that invest […]

New Jersey Policy Perspective: What’s the Rush? Costly Tax Changes Need More Deliberation

January 15, 2013

In this atmosphere of emergency, some of the legislation is moving with less deliberation than might be expected of tax changes that, when fully implemented, would likely cost the state at least $400 million a year in lost revenue. That is in addition to declines in state sales and personal income tax revenue that New […]

New Jersey Policy Perspective: If It Ain’t Broke: New Jersey’s Income Tax Makes Dollars and Sense

January 14, 2013

Most people probably would agree that we need taxes at some level to pay for the things we want government to do. We could disagree on what to tax, how much and who—not to mention how best to use the money raised through taxes. But there is enough common ground for a reasoned discussion of […]