Citations

Taxes help pay for things that benefit everyone, like good schools, clean air and water, and safe roads. Businesses also need these things to succeed, along with a healthy, housed, and educated workforce, modern infrastructure, and affordable energy. Fair taxes mean everyone pitches in according to their means, so those who have less pay less, and those who have more pay more. Unfortunately, the vast majority of states still have upside-down tax structures, meaning that families with wealth pay a smaller portion of their income in taxes than families with low income. That’s not fair.

ITEP Federal Policy Analyst Joe Hughes appeared on the Oregon Center for Public Policy’s “Policy for the People” podcast, discussing IRS funding and Direct File.

Oregon can clamp down on multinational corporations shifting profits overseas, create a more level playing field for Oregon businesses, and raise millions in revenue by enacting “Complete Reporting” by large corporations. That law would make it difficult for multinational corporations to avoid Oregon corporate income taxes by artificially shifting profits earned in Oregon to subsidiaries […]

HB 2653 would only exacerbate the regressive nature of Hawai’i’s state and local tax system and compound the preferential treatment of income derived from wealth.

In November 2022, 58% of Los Angeles City voters approved Measure ULA to increase the City’s existing real estate transfer tax on property sales over $5 million. The law went into effect on April 1, 2023. In its first year, Measure ULA is on track to raise hundreds of millions of dollars and spend the funds to build more affordable housing, provide emergency rental assistance, protect tenants from eviction, and prevent homelessness. This is all despite efforts by the real estate industry to undermine the new law and a significant shortage of Los Angeles Housing Department (LAHD) staff to carry…

From the State of the Union on March 7, 2024

His remarks were at a March 21, 2024 House Budget Committee hearing on President Biden’s proposed budget.

To reduce their federal corporate income taxes, every year large multinational corporations shift hundreds of billions of dollars in profits earned in the United States onto the books of subsidiaries formed in foreign tax havens like Bermuda, the Cayman Islands, and Ireland. Because nearly all state corporate taxes are based on the taxable profits a corporation reports on its federal return, each year states lose at least $10 billion — and perhaps as much as $15 billion — of revenue due to this profit-shifting, estimates suggest. This is substantial revenue states could be using to provide K-12 teachers with better…

The tax package designed to lower property taxes paid to local political subdivisions would increase the tax burden on low- and middle-income working families and make it increasingly difficult for cities, counties and schools to provide the services that Nebraskans expect.

The proposal to lower property taxes paid to fund local government services will reduce property taxes paid by property owners, but it’s important to understand how the package that raises the state sales tax rate impacts all consumers and the effect of plans to “front load” the existing tax credit for taxes paid to public schools.

The taxes paid by Montana residents and businesses have created and continue to fund an equitable educational system, roads and bridges, and services that keep our communities safe. Unfortunately, over time, responsibility for our tax system has shifted to everyday Montanans, like our teachers, plumbers, and construction workers, and away from the wealthy. Over the […]

The Issue Paper by Can Chen and Alex Hathaway, State Tax Cuts After the Pandemic: Strategies to Sustain Fiscal Health, is the latest in a series of Alliance issue papers on state and local budgeting in the COVID Era. Following the unprecedented federal aid issued to offset the impact of COVID-19, state revenues and cash reserves reached […]

Today, I have an exceptionally important topic to talk about: taxes! Taxes have become a dirty word, and in many ways for good reason. Since the 1980’s there has been a significant shift in how much everyday people pay in taxes. Wealthy and high-income individuals have seen their marginal tax rates drop precipitously, while working […]

Senator Warren’s exchange at a March 12, 2024 Senate Finance Committee hearing entitled: American Made: Growing U.S. Manufacturing Through the Tax Code

Corporate tax dodging and executive pay packages have both gotten so far out of control that a significant number of major U.S. corporations are paying their top executives more than they’re paying Uncle Sam in federal income taxes.

Mainers work hard to support themselves and their communities. They pay taxes to fund the services communities need to thrive, like education, health care, and infrastructure. But it is increasingly clear that big corporations aren’t holding up their end of the bargain by contributing their fair share. They deploy complicated tax loopholes and accounting schemes to avoid paying what they owe, using their money and power to ensure laws in place don’t expose the tricks they’re playing.

Good afternoon, Senator Fonfara, Representative Horn, and members of the Committee, and thank you for this opportunity to testify. My name is Marco Guzman and I'm a senior policy analyst with the Institute on Taxation and Economic Policy, or ITEP, and we’re a nonprofit research organization that focuses on state, local, and federal tax policy issues.