Citations
ITEP's Citations Research Priorities
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 […]
Rep. Judy Chu: Statement on GOP Tax Scam 2.0
June 15, 2023 • By ITEP Staff
An analysis by the Institute on Taxation and Economic Policy determined that should this package become law, Americans at the bottom 20 percent of income levels would receive an average tax cut of $40 next year, but the richest one percent would receive an average $16,550 tax cut. Read more.
Rep. Richard Neal: Neal Opening Statement at Markup of GOP Tax Scam 2.0
June 15, 2023 • By ITEP Staff
This is the most ill-considered piece of legislation that I’ve witnessed in years in front of this committee. Just 10 days after our Republican colleagues were prepared to bring the nation to the brink of default to the precipice, if not over the edge, they now come back with a tax cut. Read more.
Video: ITEP’s Amy Hanauer Talks Proposed GOP Tax Cuts on Scripps New Live
June 15, 2023
ITEP Executive Director Amy Hanauer joined Scripps News Live to talk about the trio of tax bills that House Republicans are moving through committee this week, and explain how they would disproportionately help the wealthiest Americans and foreign investors.
Salon: GOP Follows Debt Fight with Bill to Give $24 billion Tax Cut to the Top 1 Percent
June 15, 2023
After spending months threatening to tank the economy over the federal deficit, Republicans have unveiled a set of new tax proposals that would cost the government billions of dollars — by handing tens of billions of dollars of tax cuts to the richest 1 percent of Americans, as a new report reveals. Read more.
Common Dreams: New GOP Bills Would Hand Richest 1% Over $28 Billion in Tax Cuts Next Year
June 13, 2023
Tax cut legislation that House Republicans are set to consider this week after pushing the global economy to the brink of disaster would deliver more than $28 billion to the richest 1% of Americans next year—and just $1.4 billion to the poorest fifth of the country. Read more.
Video: ITEP’s Joe Hughes Talks Child Tax Credit Expansion on Scripps News Live
June 12, 2023
ITEP Federal Policy Analyst Joe Hughes joined Scripps News Live to talk about the American Family Act, which would permanently expand the Child Tax Credit (CTC) to 2021 levels, helping millions of children and families, especially the lowest-income families who currently make too little to receive the CTC.
New Jersey Policy Perspective: Stay Away from StayNJ: Proposal Cuts Taxes for the Rich, Leaves Low-Income Seniors Behind
June 9, 2023 • By ITEP Staff
Housing affordability is one of the most pressing challenges facing New Jersey, but not all policies aimed at making the state affordable are equally effective, efficient, or equitable. When evaluating new proposals and changes to the tax code, it’s critical to consider who stands to benefit, by how much, and who is left behind. In […]
Los Angeles Times: As IRS Funding Shrinks, California’s Wealthiest Can Breathe a Bit Easier
June 9, 2023
California millionaires and billionaires who were set to face the full auditing firepower of a revamped Internal Revenue Service can breathe a bit easier, thanks to congressional Republicans. Read more.
Forbes: House Proposal Would Restore Expanded And Improved Monthly Child Tax Credits
June 9, 2023
A group of U.S. Representatives has introduced the American Family Act, legislation that would make the previously expanded and improved monthly child tax credit permanent. Read more.
Knowledge at Wharton: Closing the Racial Wealth Gap in Retirement Readiness
June 7, 2023 • By ITEP Staff
Black and Hispanic Americans are less financially prepared for retirement than their white counterparts for multiple reasons. Participants at the 2023 Pension Research Council Symposium grappled with the underlying causes and suggested reforms. Read more.
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