Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

Forbes: Mapping Billionaire Wealth: Where The Richest Americans Live Now Vs. Two Decades Ago

October 15, 2023

Extreme wealth has been consolidating in the United States. Read more.

The Street: Here’s Why Microsoft is Trying to Get Out of Paying its Massive Tax Bill

October 13, 2023

Corporate tax evasion has become a much more prominent piece of the discussion as Americans have struggled under high inflation, rising energy and home prices. Read more.

The American Prospect: Can States Plug Gaps in Federal Policy?

October 10, 2023

Expansion of the Child Tax Credit is blocked in Washington, but many states are partly helping. They can do only so much. Read more.

Arkansas Democrat Gazette: State’s Tax Relief Not Created Equal

October 10, 2023

For the second consecutive special session in about 13 months, the Arkansas General Assembly last month approved a temporary nonrefundable income tax credit for low-income and middle-income taxpayers as part of a tax cut package that permanently trimmed the state’s top individual and corporate income tax rates. Read more.

CNBC: Supreme Court Tax Case Could Have Sweeping Federal Policy Effects, Experts Say

October 6, 2023

As the Supreme Court starts a new term, experts are closely watching a case that could have sweeping effects on the U.S. tax code, including corporate revenue and future wealth tax proposals. Read more.

Video: ITEP’s Matt Gardner Discusses IRS Funding & ‘U.S. v. Moore’ SCOTUS Case on The Rick Smith Show

October 2, 2023

ITEP Senior Fellow Matt Gardner joined Rick Smith to discuss, among other things, our new report Supreme Corporate Tax Giveaway: Who Would Benefit from the Roberts Court Striking Down the Mandatory Repatriation Tax?.

ITEP’s Andrew Boardman: The State of Local Taxes in Alaska

October 1, 2023 • By Andrew Boardman

In late September, ITEP Local Policy Analyst Andrew Boardman presented on the state of local taxes in Alaska to the Presentation at the Alaska Municipal League 2023 Tax Conference. Click here for the slide deck.

Sharp rises in home assessment values are bringing property-tax relief to the forefront at the Statehouse in Columbus. While various bills may provide a partial answer to the property tax squeeze being felt by some Ohioans, there is a better solution. It’s one that has been embraced by states across the country: A property-tax circuit […]

Capital & Main: Some States Are Fighting Rising Child Poverty With Tax Credits

October 1, 2023

New Mexico is one of 10 states that have created or expanded child tax credits after Congress let a federal program expire. Read more.

Axios: How the Supreme Court Could Grant $271 Billion in Tax Relief

October 1, 2023

A court case on this term’s Supreme Court docket could end up granting 400 of America’s largest corporations some $271 billion in tax relief, per new calculations from the Institute on Taxation and Economic Policy. Read more.

Newsweek: Supreme Court May Upend the U.S. Tax Structure

September 29, 2023

An upcoming case that will be heard by the Supreme Court could potentially have far-reaching implications on the United States tax structure, according to a new report. Read more.

The Lever: Justices Have Financial Interest In Major Tax Case

September 27, 2023

John Roberts and Samuel Alito own shares of companies that could score billions in tax relief from the outcome of Moore v. United States. Read more.

Stateline: As Child Poverty Edges Back Up, States Launch or Expand Their Own Tax Credits

September 21, 2023

The federal pandemic-era child tax credit expansion lifted millions of children out of poverty in the second half of 2021. But Congress allowed it to expire at the end of that year, and new U.S. census data shows the child poverty rate more than doubled in 2022, erasing the record gains that were made. Read more.

Washington Post Editorial: The Best Vehicle for Addressing Child Poverty is Right Before Our Eyes

September 18, 2023

Child poverty in the United States more than doubled from 2021 to 2022, data released Tuesday from the Census Bureau shows. The surge — by far the largest jump on record — is a tragedy that was foreseeable and could have been prevented. It is largely the result of the decision by Congress not to renew the enhanced child […]

On September 14, 2023, the House Oversight and Accountability Committee held a hearing on the Inflation Reduction Act. Rep. Greg Casar talked about how necessary the IRA is to crack down on corporate tax dodging, as evidenced by research from ITEP.

Video: ITEP’s Amy Hanauer Talks Poverty and the Child Tax Credit on the Rick Smith Show

September 14, 2023

This week the Census Bureau released new numbers showing that in 2022 the U.S. lost the dramatic gains made against child poverty in 2021, in large part due to the lapsed Child Tax Credit expansion.

Salon: Child Poverty More than Doubled in 2022 Due to Republicans’ Tax Cut Push. Trump Plans for More

September 13, 2023

Trump and his advisors are setting sights on an aggressive tax cut plan to push during his 2024 campaign. Read more.

Testimony of ITEP’s Neva Butkus Before the Arkansas Senate Revenue and Tax Committee

The corporate and personal income tax changes under Senate Bill 8 would cost the state more than $200 million, with 70 percent of the overall cuts benefiting Arkansans in the top 20 percent of households.

In a dramatic development, Arkansas lawmakers are returning to work at the state Capitol this week, after Gov. Huckabee Sanders called for a special session of the Legislature last Friday. Top of the agenda? Whether Arkansas should adopt another round of costly income tax cuts that primarily benefit wealthy households and corporations, on top of cuts already […]

Vanity Fair: Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term

September 12, 2023

Remember when Donald Trump ran for office in 2016, claiming to be a champion of the working class and the worst nightmare of the global elite? And then passed a package of tax cuts that disproportionately benefited corporations and billionaires and was basically a middle finger to American workers? Well, today brings some exciting news for those who think the überwealthy […]

Washington Post: Trump Advisers Plot Aggressive New Tax Cuts for Second White House Term

September 11, 2023

As Donald Trump widens his lead over other Republican candidates in the GOP primary, the former president’s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Read more.

ITEP Senior State Policy Analyst Marco Guzman gave a presentation on property tax circuit breakers to the Colorado General Assembly’s Legislative Oversight Committee Concerning Tax Policy on September 7, 2023. Click here for the slide deck.

New York Times: New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz

September 7, 2023

The new corporate minimum tax was one of the most significant changes to the U.S. tax code in decades. Its logic rested on the idea that rich companies should not be able to find loopholes and other accounting maneuvers in order to pay lower tax rates than their workers. But making the tax operational has become a […]

Mother Jones: The Struggle to Tax the Rich Isn’t Done Yet—In Some States It’s Actually Happening

August 24, 2023

Under an overcast sky, Patty Flores led a group of colleagues to an empty lot in the mobile home park where she lived. A bare patch of grass traced the outline of a home set ablaze in an electrical fire.  She saw it as a symptom of a larger problem, one that connected to her rising […]

Mother Jones: “The Wealthy Tend to Always Look Out for Themselves”—The Attack on State Taxes By Outside Groups

August 22, 2023

Amia Edwards lives here because she wants to make a difference. But in this majority-Black city, long starved for funding by the state’s mostly white Legislature, that’s proved a steep challenge. Read more.