Citations
ITEP's Citations Research Priorities
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 […]
Bloomberg: As ‘Mansion Taxes’ Catch On in US Cities, Los Angeles Offers Lessons
January 11, 2024
Amid backlash and a tough housing market, a new tax intended to fund affordable housing is bringing in far less money than projected. Read more.
Video: ITEP’s Carl Davis Discusses Arkansas’ Upside-Down Tax Code
January 11, 2024
The “Who Pays?” report, a nationwide report that highlights the tax systems of each of the 50 states, shows Arkansas is one of the many states that “exacerbate inequality” for low-income and middle-class Arkansans. “The Arkansas tax system right now is not very balanced,” said Carl Davis, research director for the Institute on Taxation and […]
Washington Post: Congress Nears Deal to Partially Restore Biden’s Expanded Child Tax Credit
January 11, 2024
Congressional lawmakers are closing in on a deal that would partially revive President Biden’s expanded tax credit for lower-income families in exchange for extending tax incentives favored by business interests, according to two people familiar with the matter. Read more.
Newsweek: Florida’s Tax System Most Unfair on Poor in US, Study Shows
January 10, 2024
The Florida tax system is the most unfair on the poor in the entire country, according to a new study, with the lowest-income 20 percent in the state paying much more of their income in taxes than the wealthiest 1 percent. Read more.
The Guardian: Forty-Four of 50 US States Worsen Inequality with ‘Upside-Down’ Taxes
January 10, 2024
A total of 44 of the 50 US states worsen inequality by making the wealthy pay a lesser share of their income in taxes than lower income people, a new analysis has found. Read more.
The Hill: Top 1 Percent Paying Lower Tax Rates Than Other Residents in Most States: Study
January 10, 2024
The wealthiest families in most states are paying lower tax rates than everyone else, a new analysis found. Read more.
Fast Company: Florida Can’t Get Enough of Tax Holidays. But They’re Not the Magic Bullet Ron DeSantis Claims
January 10, 2024
Floridians saved more than $475 million on tax-free holidays—but it comes at the expense of the state’s schools and infrastructure. Read more.
Massachusetts Budget & Policy Center: How Much Does the Millionaire Tax Improve Tax Fairness? How Does Massachusetts Compare Now to Other States?
January 10, 2024 • By ITEP Staff
A new 50-state analysis from the Institute on Taxation and Economic Policy (ITEP) finds that Massachusetts’ recently adopted millionaire tax makes Massachusetts’ state and local tax system much more equitable. Even under current law, however, those with incomes over $1 million still will pay a smaller share of their income in state and local taxes […]
HuffPost: Most States Have Tax Codes That Are Rigged To Benefit The Wealthy: Report
January 9, 2024
A sweeping new analysis of taxes across the country reveals that in four out of every five states, the top 1% are paying a lower tax rate than their middle-class and low-income neighbors. Instead of taxing wealthy residents an equal share, the vast majority of states are filling their budget gaps with taxes that disproportionately burden […]
Yahoo Finance: The Tax Credit That Could Do More for American Pocketbooks Than Any New Year’s Resolution
January 8, 2024
Many Americans are making promises to do better in 2024 with New Year’s resolutions to save money and spend it wisely. Read more.
Washington Post: Va. General Assembly Girds for Fights Over Arena, Taxes, Schools and More
January 7, 2024
Democratic lawmakers have the majorities. Republican Gov. Glenn Youngkin has the veto. That’s the crux as a new-look Virginia General Assembly rolls into town Wednesday, opening a 60-day legislative session in which roughly a third of lawmakers are rookies and Democrats control both chambers but can’t get much done without Youngkin’s cooperation. Read more.
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