
May 16, 2013 • By ITEP Staff
The Earned Income Tax Credits (EITC) is widely recognized as an effective, short-term tool for lifting low-income working families out of poverty by encouraging work and supplementing low wages. Rhode Island should enhance the effectiveness of its state EITC by increasing the refund available to low-wage workers. This would put money in the pockets of […]
May 16, 2013 • By ITEP Staff
Governor Walker has proposed an income tax cut that would benefit the highest earners the most, and would result in insignificant tax cuts for low-income Wisconsinites. Read the Full Report
May 16, 2013
(Original Post) The plan to reduce Oklahoma’s income tax from 5.25 percent to 5.00 beginning in 2015 is a done deal. We know it means losing $200 million from state revenues that could have gone to hire more teachers and properly fund public safety so that we have enough troopers on the road and ensure […]
May 10, 2013
(Original Post) By Steve Mistler [email protected] House Bureau AUGUSTA — A Maine family of four earning $50,000 a year would save about $647 on its state income taxes under a sweeping tax reform proposal to be aired in a public hearing today before the Legislature’s Taxation Committee. However, that same family also would pay hundreds […]
May 10, 2013
Posted: May 09, 2013 6:25 PM EDT Updated: May 09, 2013 11:10 PM EDT By Jon Paepcke BIRMINGHAM, AL – With every bar code swipe, the numbers add up in Alabama. Did you know that for every dollar you spend on groceries four cents goes to the state? It’s true. Did you also know we […]
May 8, 2013
(Original Post) Wednesday, May 08, 2013 GoLocalProv Politics Team An assemblage of Rhode Islanders, including labor leaders, municipal leaders, wealthy Rhode Islanders, Providence public school students, small business owners, economists and others, testified today in support of bill H-5751, sponsored by Representative Maria Cimini, that will increase the income tax rate from 5.99% to 7.99% […]
May 8, 2013
(Original Post) 5:13 pm, Tue May 7, 2013 By Michael Tomsic “The largest tax cut in North Carolina history.” That’s how Republican state senate leaders describe the tax plan they unveiled Tuesday. But that plan also expands the sales tax to many more services. Senate leader Phil Berger said the GOP plan will cut […]
May 8, 2013
(Original Post) Ashlee Rezin Wednesday May 8th, 2013, 1:11pm The U.S. Senate voted to approve the Marketplace Fairness Act, a bill that would require online retailers to comply with sales tax laws of states where they sell and ship goods. According to proponents of the measure, Internet shoppers are one step closer to losing the […]
May 7, 2013
(Original Post) Posted By Ryan Holeywell | May 7, 2013 The U.S. Senate passed the Marketplace Fairness Act (MFA) 69 to 27 Monday night, marking a historic victory for state and local leaders who have long advocated for Congress to give them the ability to collect sales taxes from online purchases. The vote was the […]
May 7, 2013
(Original Post) Jayne O’Donnell USA TODAY9:30 p.m. EDT May 6, 2013 Shoppers may flock to free shipping offers, but the online sales tax debate hasn’t interested consumers nearly as much. Maybe it should. Sales taxes, after all, can cost as much or more than shipping — at times about 7% to 8% of a product […]
May 6, 2013
(Original Post) published Sunday, May 5th, 2013 by Tim Omarzu A group of Republican lawmakers in Atlanta wants to do away with Georgia’s 6 percent income tax and replace it — mainly by increasing taxes on sales and services. State Rep. Tom Kirby, R-Loganville, set the stage for what could be a sweeping change to […]
May 6, 2013
(Original Post) Jeff Saginor May 6, 2013 The Marketplace Fairness Act, which would finally require online retailers to charge sales tax, is hitting the Senate floor this week. In 1984, CompuServe launched the first “Electronic Mall,” a Pleistocene-era Amazon with which owners of a TRS-80 personal computer could browse and buy goods over the Internet. […]
May 2, 2013 • By ITEP Staff
This study examines the relationship between voter ideology and the distribution of tax burdens across income groups using state and local data, aggregated at the state level, for 1995, 2002, and 2007. I find that average voter liberalism is positively related to subnational tax progressivity. However, the effects are economically insignificant. A state’s ethnic demographic […]
May 2, 2013 • By ITEP Staff
On Washington, D.C.’s Capitol Hill, charities have been involved in an all-consuming debate over the future of the federal charitable tax deduction. But can nonprofits effectively participate in the national debate over taxes and expenditures if they don’t know what is happening at the state level? There are fifty states with budgets that are paid […]
May 2, 2013
(Original Post) Posted: Thursday, May 2, 2013 8:13 am J. Andrew Curliss/News & Observer State leaders blamed each other in October 2011 after Continental Tire chose South Carolina for a large new factory that will employ 1,600 workers. The biggest hang-up, according to documents and state officials, was $45 million in taxpayer money the tire […]
May 2, 2013
(Original Post) By Star-Ledger Guest Columniston May 02, 2013 at 7:16 AM By Timothy Karr Is your internet bill too high? You can thank the phone and cable companies for that. Today, high-speed broadband services offered by these national carriers cost more than $500 a year and even more when customers are forced to bundle […]
May 2, 2013
(Original Post) I’m writing in response to Virginia Young’s “Tax shuffle could shake up Missouri” article (April 29) but specifically regarding the tax plan calculator that accompanies it online. The chart in the article comparing current law, the Senate and House plans is quite helpful and points out important distinctions between the proposals, but the […]
May 2, 2013
(Original Post) Posted May 1, 2013 midnight Hundreds of people gathered at the Georgetown Presbyterian Church on May 1 to rally for immigration reform. This effort is one of many May Day protests against immigrant deportation that occurred across the country. Of those at the rally were Maxima 900 AM & 106.1 FM, La Esperanza, […]
May 2, 2013
(Original Post) By JAMES OSBORNE Staff Writer [email protected] Published: 01 May 2013 08:56 PM Updated: 01 May 2013 09:01 PM It’s an arcane corner of state law through which utility corporations nationwide can charge their customers for federal taxes they never paid. And under a bill moving through the Texas Legislature, power companies that do […]
May 2, 2013
(Original Post) Zach Carter [email protected] Posted: 05/02/2013 12:00 am EDT | Updated: 05/02/2013 8:26 am EDT WASHINGTON — Companies in the Fix the Debt coalition, which advocates for federal austerity policies, qualified for $1 billion or more in tax breaks tied to executive pay packages from 2009 to 2011, according to a new report by […]
April 30, 2013 • By ITEP Staff
The desire to help small business owners is understandable, as they are an important component of our economy and communities. However, the granting of preferential tax treatment for people reporting “business income,” as some lawmakers are considering under a banner of “helping small business,” is a terribly misguided idea. Read the Full Report
April 30, 2013
By Dan Kane [email protected] Posted: Monday, Apr. 29, 2013 In the thick of the Great Recession four years ago, state lawmakers fought into the evening over a proposed one-penny increase in the state’s sales tax to prevent further cuts to schools, courts and health care services. House Minority Leader Paul “Skip” Stam grabbed the microphone […]
April 26, 2013 • By ITEP Staff
An income tax cut deal has been reached between Governor Fallin and Legislative leadership. The proposal is moving through the Legislature as HB 2032. This fact sheet explains what’s in the latest deal and how it will affect Oklahomans. Read the Full Report
April 24, 2013
(Original Post) By Jillian Berman Posted: 04/24/2013 3:38 pm EDT | Updated: 04/24/2013 3:44 pm EDT Hundreds of Fortune 500 companies are reaping billions at the expense of Uncle Sam because of a legal tax break that critics claim defies “common sense.” Over the past three years 280 Fortune 500 companies have taken home a […]
April 24, 2013
(Original Post) According to Gallup, Americans may object to increasing gas prices while the economy is still unstable. By Douglas Newcomb As state legislatures across the U.S. debate whether to raise gas taxes to repair crumbling roads, a new Gallup poll finds that two-thirds of Americans would vote against gas tax hikes in their home […]