Institute on Taxation and Economic Policy

Select Media Mentions

La Opinión: Los indocumentados que Trump quiere deportar aportan millones de dólares a la economía

August 15, 2024

En una entrevista con la cadena ABC el pasado domingo, el compañero de fórmula de Donald Trump en la mancuerna presidencial republicana, JD Vance, evadió responder cuál será el proceso para identificar y deportar a millones de indocumentados, la pieza central de su campaña, y se limitó a recitar las usuales frases que son código de movilización para su base: frontera “abierta”, muro, criminales.

NPR Planet Money: The Economic Mind of Tim Walz

August 13, 2024

In recent weeks, Minnesota Gov. Tim Walz burst from relative obscurity to co-headlining the Democratic presidential ticket. Walz’s career rocket launch was fueled by his cutting political rhetoric, folksy midwestern charm, jovial dad vibes, and progressive principles and accomplishments.

The Washington Examiner: The Coming Multifront Battle Over the Corporate Tax Rate

August 12, 2024

Next year is likely to see the biggest battle over the taxation of corporations in nearly a decade, a multifront engagement that will pit free marketers and big business against Democrats and populists. The corporate tax rate is set to be a point of negotiation in a historic “fiscal cliff” scheduled for next year, when the individual portions of the Trump tax cuts expire.

USA Today: Trump’s Lies About Undocumented Immigrants Hide the Truth: They Pay Their Share of Taxes

August 9, 2024

These payments fund essential public services and immigrants' own paths to legal status. Misinformation about undocumented immigrants in America is harmful and leads to stereotypes and policies that not only hurt immigrants but Americans and businesses, too.

ABC News: What is Tim Walz’s Record on the Economy? Look at Minnesota.

August 8, 2024

Minnesota Gov. Tim Walz, the Democratic vice presidential nominee, has enacted economic policies in the state on key issues like job creation and taxes. The track record, stretching back to 2018, indicates how he may approach such issues if granted the nation's second-highest office. His positions could also help shape perceptions of the Harris-Walz ticket on the economy, which ranks as one of the most important issues among voters. Here's what to know about where Walz stands on key economic issues:

Bangor Daily News: Immigrants Add Value to the US

August 8, 2024

With so much focus on immigration, there is unfortunately much false information being shared about immigrants and their impact on the U.S. One common misperception is that immigrants are a drain on the economy. A recent national report adds new information to debunk such arguments. According to the Institute on Taxation and Economic Policy, undocumented immigrants paid nearly $100 billion in federal, state and local taxes in 2022. More than half went to the federal government.

Mother Jones: How Trump’s “Mass Deportation” Plan Would Ruin America

August 8, 2024

This election cycle, former President Donald Trump has made one campaign promise the most prominent: Mass deportation. It is a long-standing vow. In 2016, Trump said he would deport the 11 million undocumented immigrants living in the United States. Once in the White House, he ordered sweeping worksite raids, enacted a ban on travelers from Muslim-majority countries, and deliberately separated migrant families, many of whom have yet to be reunited.

New York Times: A Walzonomics Primer

August 7, 2024

It’s been nearly 24 hours since Kamala Harris announced Gov. Tim Walz of Minnesota as her running mate, catapulting him into the national spotlight. Unlike other candidates for the position, including Gov. Josh Shapiro of Pennsylvania and Senator Mark Kelly of Arizona, the Midwestern politician hasn’t been closely scrutinized — until now. Here’s where he stands on some key business issues.

Fox Business: Kamala Harris’ VP Pick: What to Know About Tim Walz’s Economic Track Record

August 7, 2024

Minnesota Gov. Tim Walz's economic track record is under the microscope after Vice President Harris' decision Tuesday to select Walz as her running mate on the Democratic Party's 2024 ticket.

Audio: ITEP’s Marco Guzman on Taxes Paid by Texas Undocumented Immigrants

August 6, 2024

Marco appeared on Texas Public Media’s The Source on August 4, 2024. Listen to the clip here.

Yahoo Finance: The Economic Risk of Trump’s Deportation Plan

August 6, 2024

The surge of migrants entering the United States during part of Joe Biden’s presidency has played to Donald Trump’s signature issue. Trump launched his first campaign for president in 2015 with an anti-immigrant rant, and the issue has worked for him ever since. So Trump, in his third campaign for president, has raised his bid on the issue, promising the “mass deportation” of up to 20 million people if he wins a second term.

ProPublica: How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways

August 5, 2024

In 2010, as the country still reeled from the worst economic crisis since the Great Depression, tech companies, real estate developers and rural lobbyists went to the state Capitol in Olympia, Washington, to press for a tax break for data centers.

Boston Globe: The Hidden Tax Power of Undocumented Immigrants

August 5, 2024

A common argument among anti-immigrant politicians and advocates is that noncitizens who are in the United States illegally exploit government benefits and constitute a financial burden on the country. That claim is largely inaccurate and misleading. The latest evidence was provided this week by policy analysts and researchers at the Institute on Taxation and Economic Policy. They found that undocumented immigrants in the United States paid $96.7 billion in federal, state, and local taxes in 2022, averaging $8,889 per person.

USA Today: Report: Targeted for Deportation by Trump, Undocumented Immigrants Pay Billions in Taxes

August 1, 2024

Florida is among a half-dozen states which each collect more than $1 billion in taxes from undocumented immigrants – a flow of public money likely to disappear under Republican presidential candidate Donald Trump’s mass deportation plan, a new report shows.

Newsweek: Undocumented Immigrants’ Payments Into Social Security Detailed in Report

August 1, 2024

New analysis by the Institute on Taxation and Economic Policy (ITEP) found that undocumented residents paid £25.7 billion into Social Security funds and $6 billion into Medicare in 2022; both programs that they are not entitled to use. In total, undocumented immigrants paid $96.7 billion, or roughly $9,000 per person, in taxes in 2022.

Audio: ITEP’s Marco Guzman Talks About the Tax Payments of Connecticut’s Undocumented Immigrants

August 1, 2024

CT’s undocumented immigrants pay over $400 million in taxes annually, study finds. Read more or listen here.

Video: ITEP’s Marco Guzman Talks About the Tax Contributions of Virginia’s Undocumented Immigrants

August 1, 2024

Marco Guzman spoke with 13News Now. Watch the clip here.

Audio: ITEP’s Carl Davis Talks About the Tax Contributions of Utah’s Undocumented Immigrants

July 31, 2024

A new study describes states that the tax contributions of undocumented immigrants equate to almost $100 billion, both federally and statewide. Read more or listen here.

States Newsroom: Study Says Undocumented Immigrants Paid Almost $100 Billion in Taxes

July 31, 2024

A new study shows that undocumented immigrants paid nearly $100 billion in federal, state and local tax revenue in 2022 while many are shut out of the programs their taxes fund. The findings run counter to anti-immigrant rhetoric that undocumented immigrants are “destroying” social programs. Read more.

Video: ITEP’s Marco Guzman on the Tax Contribution of Maine’s Undocumented Immigrants

July 31, 2024

A new national study is shedding light on the economic contributions made by undocumented immigrants in Maine and throughout the United States, WMTW-TV in Maine reports. Watch the clip or read the story here.

McClatchy DC: Undocumented Immigrants in California Are Paying Billions in Taxes. Here’s How Much.

July 30, 2024

Amid pledges for mass deportations of undocumented immigrants by presidential candidate Donald Trump, a new study has highlighted the increasingly positive economic effects of this community. The report from the Institute on Taxation and Economic Policy, a Washington-based progressive research group, found undocumented immigrants nationwide paid an estimated $96.7 billion in taxes in 2022. About $37.3 billion was spent on state and local taxes, and the rest went to federal taxes.

Bloomberg: Undocumented Immigrants in US Pay Nearly $100 Billion in Taxes

July 30, 2024

Undocumented immigrants paid almost $100 billion of taxes, underscoring the importance of border policies on the country’s tax collections, according to a new report. Read more.

USA Today: America’s Billionaires Are Worth a Record $6T. Where Does That Leave the Rest of Us?

July 19, 2024

America’s billionaires are now collectively worth a record $6 trillion. Their wealth has more than doubled since the passage of the landmark Tax Cuts and Jobs Act in 2017. Is that good news, or bad? It depends on whom you ask. Read more.

Quartz: ‘Trump Trade’ Is Back in Focus

July 16, 2024

The world’s financial markets are growing increasingly open to the likelihood that former President Donald Trump will make his way to a second term in the White House. All it took was outperforming President Joe Biden on a debate stage and surviving an assassination attempt.

Route 50: States, Cities Consider ‘Mansion Taxes’ to Fund Affordable Housing

July 15, 2024

States and cities have been throwing darts at the wall, trying to find dedicated funding to tackle affordable housing needs. Nationwide, tens of millions of families are struggling amid a housing shortage with rent and housing costs. Home prices are up about 60% over the past decade, adjusted for inflation. And about a quarter of renters—some 12 million households—spend more than half their income on housing, which is far above the recommended 30%. To support affordable housing development and other initiatives in the rapidly growing Denver area, Mayor Mike Johnston on Monday unveiled a proposed new tax that would add 0.5%…

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