Citations
ITEP's Citations Research Priorities
Video: ITEP’s Neva Butkus Discusses Wisconsin’s Tax Code on ABC News
January 29, 2024
"What this really comes down to is fairness," Neva Butkus, a state policy analyst for the Institute on Taxation and Economic Policy said. She contributed to "Who Pays?," the seventh edition of a periodic analysis offered by ITEP of tax policies in all 50 states.
AP News: Kansas Governor Vetoes Tax Cuts She Says Would Favor ‘Super Wealthy’
January 29, 2024
But the left-leaning Institute on Taxation and Economic Policy reported that even with the changes designed to benefit poorer taxpayers, 70% of the savings in raw dollars will go to the 20% of filers earning more than $143,000 a year.
Fatherly: What the New Child Tax Credit Would — and Wouldn’t — Do for Families
January 29, 2024
Various efforts have been made to revive the 2021 tax credit, which was wildly popular and is considered the “gold standard,” to CTC advocates, according to Joe Hughes, a Federal Policy Analyst at the Institute on Taxation and Economic Policy, a non-profit, non-partisan tax policy organization. It’s also popular across party lines: A poll from Zero to Three and Morning Consult found that 85% of respondents want Congress to reinstate the 2021 CTC — 94% of Democrats and 77% of Republicans. But no effort in that direction has yet been successful.
CBS News: Vermont Wants to Fix Income Inequality by Raising Taxes on the Rich
January 29, 2024
Across the U.S., the rich generally pay a lower share of their income in taxes than low earners, according to the Institute on Taxation and Economic Policy (ITEP). A recent analysis by the left-leaning think tank found that the average effective state and local tax rate paid by residents to their home state is 7.2% for the top 1% of earners; for the lowest-earning 20%, that rate tops 11%.
CBS News: 14 States are Cutting Individual Income Taxes in 2024. Here are Where Taxpayers are Getting a Break
January 29, 2024
The reductions represent a continuation of "tax cut fever," as termed by the left-leaning Institute on Taxation and Economic Policy (ITEP). The drive to cut state taxes began during the pandemic when many states found themselves flush with tax revenue. With coffers fat, lawmakers sought to provide some relief to their constituents, typically through tax rebates or rate reductions.
Hawai’i Appleseed Center for Law and Economic Justice: Rebalance Hawaii’s Upside-Down Tax Code to Achieve Prosperity for All
January 24, 2024 • By ITEP Staff
Our state tax code makes the situation worse. A comprehensive analysis of state and local taxes across the country shows that Hawaii is the third-worst state when it comes to taxing struggling working families. Households in the lowest income category pay an effective tax rate of 14.1%, while the richest 1% pay an effective tax rate of 10.1%
New York Times: Vermont Becomes Latest State to Propose Wealth Taxes
January 23, 2024
Lawmakers in Vermont are introducing legislation this week that would impose new taxes on the state’s wealthiest residents, joining a growing national campaign being pushed by Democrats who believe that the measures will gain traction as states reckon with post-pandemic budget squeezes
Oregon Center for Public Policy: Oregon’s Tax System is Fundamentally Unfair, but We Can Fix It
January 23, 2024 • By ITEP Staff
If you were designing a tax system from scratch, who would you tax at a higher rate: a low-income family struggling to pay the rent and put food on the table, or a rich family making way more money than they spend?
Editorial: Florida Shines at Favoring the Rich, Punishing the Poor
January 23, 2024
But there’s one category in which Florida is unarguably first — first of the worst. The state has the nation’s most regressive state and local tax structure. That’s the judgment of ITEP, the progressive Institute on Taxation and Economic Policy, which ranks states every five years
The Commonwealth Institute: How the Governor’s Proposal Increases Taxes for Low-Income Families, Gives Significant Cuts to the Wealthy
January 23, 2024 • By ITEP Staff
When we all pitch in our fair share, we can invest in the programs and services that help everyone to thrive, like public education, affordable housing, and more. But Virginia’s tax code is upside-down, where those with the most pay the least taxes as a share of income.
Audio: ITEP’s Carl Davis Discusses North Carolina’s Upside-Down Tax Code
January 23, 2024
Ever since Republicans took control of the North Carolina legislature in 2011, they’ve passed income tax cut after income tax cut and bragged repeatedly of the supposed enormous benefits this has afforded to average North Carolinians
The Hill: House Panel Advances Tax Deal with Resounding Bipartisan Vote
January 20, 2024
A deal to reduce taxes for businesses and increase the child tax credit (CTC) made it out of the House Ways and Means Committee with broad bipartisan support Friday. Read more.
New York Times: What’s in the New Tax Deal?
January 19, 2024
Lawmakers on the House Ways and Means Committee will attempt a rare feat on Friday when they begin debate on something that rarely comes together in an election year: bipartisan tax legislation. Read more.
Associated Press: GOP Lawmakers, Democratic Governor in Kansas Fighting Again Over Income Tax Cuts
January 18, 2024
Top Republican legislators in Kansas have renewed a fight with the Democratic governor over income tax cuts that have drawn bipartisan criticism as favoring the wealthy, with no sign of a break in an impasse that thwarted tax relief last year. Read more.
Yahoo Finance: Lawmakers Ink a Bipartisan Tax Deal to Expand the Child Tax Credit
January 17, 2024
A powerful bipartisan duo announced a significant tax deal Tuesday that would combine a temporary expansion of the child tax credit with long-sought provisions for the business world. Read more.
Ring of Fire: You’ll Be Sick When You Find Out How Little The Top 1% Are Paying In Taxes
January 17, 2024
In 41 states across the country – and yes, that includes plenty of Democrat-controlled states – the tax rates for the top 1% of income earners and corporations are actually LOWER than the tax rates for EVERY OTHER income group. Read more.
Axios: Bipartisan Deal Would Expand Child Tax Credit, Lift Half-Million Children Out of Poverty
January 17, 2024
Congressional committee chairs reached a deal Tuesday that would expand the federal child tax credit, after three years of pushing by Democrats and progressives. Read more.
Testimony of Prosperity Indiana’s Andrew Bradley Before the Indiana State and Local Tax Review Task Force
January 16, 2024 • By ITEP Staff
On January 10, Andrew Bradley, Policy Director at Prosperity Indiana, testified before the State and Local Tax Review Task Force of the Indiana General Assembly. During his presentation, Bradley highlighted Prosperity Indiana’s tax policy priorities and ITEP’s Who Pays? findings. To watch the video, click here (Bradley’s testimony begins at 1:55:40) To read written testimony […]
Video: The Young Turks Explains Upside-Down State Tax Codes
January 16, 2024
An analysis by the Institute on Taxation and Economic Policy (ITEP) show that lower and middle class citizens are paying way a higher tax rate their rich counterparts. Rayyvana, David Shuster and Wosny Lambre discuss on The Young Turks. Read more.
New Mexico Taxation and Revenue Department: New Mexico Among Top 10 for Tax Equity
January 15, 2024 • By ITEP Staff
New Mexico is now among the top 10 states for most equitable tax structures thanks mostly to changes signed into law by Gov. Michelle Lujan Grisham over the past five years, according to a new report by the Institute on Taxation and Economic Policy (ITEP). Read more.
Washington State House Democrats: WA Improves Tax Equity Based On New Report
January 15, 2024 • By ITEP Staff
Washington’s tax system is becoming more fair for working families. Read more.
Oxfam: Do the Rich Pay Their Fair Share?
January 15, 2024 • By ITEP Staff
Paying your fair share of taxes strikes at the heart of fundamental fairness. Does everyone play by the same rules? Does our government have the resources it needs to provide the services we all rely on, from schools to roads to firefighters? Read more.
The Guardian: US Corporations Push to Roll Back Trump-Era Tax Policies They Once Endorsed
January 12, 2024
An agreement is emerging that ties the corporate tax breaks to an increase in support for vulnerable American families. Read more.
MarketWatch: Moving to Florida Might Not Be the Tax Play It’s Cracked Up to Be — Unless You’re Loaded
January 12, 2024
Florida, Texas and Tennessee have become hot real-estate markets in recent years, in part because they offer the allure of low taxes and cheap living costs. But a new analysis of how much state and local taxes cost rich and poor residents in those states throws cold water on the assumption that moving to states like Florida […]
Washington Post: Behind Closed Doors, Trump Eyes Second Round of Corporate tax Cuts
January 12, 2024
Donald Trump’s campaign team says the former president would prioritize cutting taxes for working-class families and small businesses if he returns to the White House. But privately, Trump has told allies that he is keenly interested in cutting corporate tax rates again, according to two people who have spoken with Trump in recent months. Read […]
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