Citations
ITEP's Citations Research Priorities
Chicago Fed: Electric Vehicles, Motor Fuel Taxes, and Road Funding in the Seventh District and Beyond
August 17, 2023 • By ITEP Staff
State and federal highways are currently funded by a combination of motor fuel taxes (MFTs), general fund transfers, fees, tolls, property taxes, and bond revenues. Read more.
Editorial: Back-to-School Sales Tax Holiday is Mostly Hype
August 15, 2023
It’s just about back-to-school time, and Gov. Phil Murphy and other Democratic state leaders are showing their love for New Jersey families by offering this special giveaway: 20 cents in sales tax savings off a $3 notebook. Or 13 cents off $2 box of pencils. Wow, right? Read more.
Washington Post: Biden Wants Rich Companies to Pay Higher Taxes. Some Are Fighting Back.
August 14, 2023
It was a simple idea: Major U.S. corporations should pay at least a 15 percent tax on their income, ending an era when some of the country’s most profitable firms owed the federal government little or nothing at all. Instead, the policy championed by President Biden remains bogged down in Washington amid growing legal uncertainty […]
City of Seattle Revenue Stabilization Workgroup: Final Report
August 10, 2023 • By ITEP Staff
Seattle strives to support a social safety net for people in need and to uplift our diverse communities. Those services are too often financed by putting a disproportionate burden on those least able to afford it. Washington State ranks as having the most regressive tax system in the country. It doesn’t need to be that […]
Video: ITEP’s Carl Davis Presents ‘Tax Policy to Reduce Racial Retirement Wealth Inequality’ at UPenn’s Wharton School
August 8, 2023 • By Carl Davis
ITEP Research Director Carl Davis presents “Tax Policy to Reduce Racial Retirement Wealth Inequality,” coauthored with ITEP’s Brakeyshia Samms, at the 2023 Pension Research Council Symposium “Diversity, Inclusion, and Inequality: Implications for Retirement Income Security and Policy.”
New York Times: What’s the Matter With Miami?
August 4, 2023
For a couple of years after the pandemic struck, there was considerable buzz to the effect that much of the financial industry might leave New York for Miami. After all, state and local taxes on the richest one percent are much lower in Florida than in New York — about nine points lower as a percentage of income, according […]
Chalkboard News: Some States Offer Back-to-School Tax Holidays. Do They Work?
August 2, 2023
As back-to-school shopping is expected to cost consumers an all-time high, some states have implemented sales-tax holidays aimed at providing some relief. Read more.
Charlotte Observer: NC Republicans Aren’t Worried About the Effects of Tax Cuts. You Should Be.
July 28, 2023
In mid-summer, the state capital is experiencing an odd mix of anxiety and content. Democratic Gov. Roy Cooper is warning that plans by Republican state lawmakers to expand private school vouchers and further cut income taxes have forced our public schools into a state of emergency. Read more.
The Lever: The Magical Math Behind Disney’s Content Purge
July 26, 2023
As Hollywood actors and writers strike together for the first time since 1960 over pay, working conditions, and job security, Disney has purged dozens of original TV shows and movies from its streaming platforms, in a move that hurts workers and gives subscribers fewer options to watch. Disney claims it needs to destroy the content […]
Video: How Google, UPS & Amazon Avoid Paying Billions in Taxes
July 19, 2023
ITEP Senior Fellow Matt Gardner appeared on The Freedom Side to discuss corporate tax breaks and "bonus depreciation."
Video: ITEP Executive Director Amy Hanauer Featured on The Young Turks Segment on Social Security
July 17, 2023
This Young Turks segment on Senator Ron Johnson's comments on Social Security features his exchange with ITEP Executive Director Amy Hanauer as well as ITEP data.
The Hill: Progressive Groups Tell Dems To Back Out of Debt Ceiling Handshake Deal
July 17, 2023
Progressive groups are arguing a handshake agreement on spending struck by Republicans and Democrats while raising the debt ceiling is null and void. Read more.
Yahoo Finance: Could Social Security Be Saved by the ‘Buffett Rule?’
July 12, 2023
Among the chief proposals to fix Social Security before a major funding source runs out of money is to have wealthy Americans pitch in through higher taxes and lower benefits. One way to do that is through the so-called “Buffett Rule,” named after mega-billionaire investor Warren Buffett. Read more.
Sacramento Bee: Biden, Democrats Want to Increase Tax Break for Parents. It Could Help 15 million Californians
July 12, 2023
The increased tax credit would help an estimated 14.7 million Californians, according to the Institute on Taxation and Economic Policy, a progressive Washington-based research group. While the proposed increase has a long way to go legislatively, and is likely to change, it’s one of several tax cuts under serious discussion. Read more
Video: ITEP’s Matt Gardner Talks Corporate Tax Breaks on Scripps News Live
July 11, 2023
ITEP Senior Fellow Matt Gardner talks about "bonus depreciation" and our new report that finds that this tax break has saved nearly $67 billion for 25 of the corporations that benefited most.
Policy Matters Ohio: Legislators Squander Golden Opportunity
July 7, 2023 • By ITEP Staff
The operating budget includes a $1-billion-per-year income-tax cut that disproportionately benefits the wealthy, does nothing for Ohioans in the lowest-income 20%, and temporarily increases taxes for some middle-income households. Read more.
The New Republic: The Truth About the GOP and the Deficit: All They Do Is Raise It
July 6, 2023
They talk deficit reduction. But what they actually do—time after time after time—is raise it via corporate giveaways. Here’s the latest example. Read more.
Mountain State Spotlight: Tax Cuts, Low-Balled Estimates and Volatile Revenues: Inside West Virginia’s $1.8 Billion Budget Surplus
July 1, 2023
Gov. Jim Justice has used the state’s budget surplus as proof of his business skills as he runs for the U.S. Senate. But the surplus is built on unpredictable revenue streams and will likely be temporary. Read more.
New Jersey Policy Perspective: StayNJ 2.0: Senior Tax Cut Still 2 Regressive and 2 Expensive
June 28, 2023 • By ITEP Staff
Updated StayNJ senior tax cut proposal would still send the biggest benefits to already-wealthy households. Read more.
Pittsburgh Post-Gazette: The Next Tax Debates are Heating Up in Congress
June 26, 2023
Call it the battle of the tax cuts. Western Pennsylvania’s lawmakers are on opposite sides as the U.S. House debates whether — and how — to cut taxes. Read more.
The Sacramento Bee: Fact Check: Does California’s Middle Class Pay Less in Taxes Than in Other States?
June 21, 2023
“The American people don’t know this. We have the highest tax rate for the 1%, but middle-class families actually paid less than the majority of states in America in California,” Gov. Gavin Newsom told Fox News host Sean Hannity last week. The governor was half-right. Read more.
Center for American Progress: House Bill Would Slash Business Taxes and Undermine Efforts To Stem Profit Shifting
June 20, 2023 • By ITEP Staff
A new House Republican proposal would cut business taxes, expanding the primary cause of the nation’s increasing debt ratio. Read more.
Insider: The IRS Could Recover $12 for Every $1 Spent on Scrutinizing the Ultra-Wealthy’s Taxes
June 19, 2023
It turns out that scrutinizing the rich’s taxes pays off. A new paper from economists at the Department of Treasury, Harvard University, and the University of Sydney looks at the return on investment from IRS audits from 2010 through 2014. They find that while it’s much more expensive to audit the wealthiest tax payers, it’s still a […]
The Independent: Biden Warns Union Members that Republicans are ‘Coming for Your Jobs’ in 2024 Campaign Speech in Philadelphia
June 19, 2023
Joe Biden got his 2024 presidential re-election campaign underway in Philadelphia on Saturday by continuing to pitch voters on his pro-labour bonafides. Read more.
Policy Matters Ohio: Senate Tax Plan Pits the Rich Against the Rest of Us
June 15, 2023 • By ITEP Staff
The Ohio Senate has voted to weaken the state’s fiscal foundations in order to hand out billions of dollars to wealthy households. The changes to the state’s personal income taxes, currently included in the Senate’s version of the budget bill, will disproportionately benefit the rich, they will lead to temporary tax increases on some middle-income […]
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