Select Media Mentions
Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].
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media mention January 25, 2022 Northern Kentucky Tribune: General Assembly’s proposed ‘shift and shaft’ tax policy no way for Kentucky to prosper
If Kentucky were to cut its income tax rate to 4%, it would have to raise the sales tax rate from 6% to 7.4% to make up the lost revenue,… -
media mention January 24, 2022 Inequality.org: Two Sides, Same Coin: Suppressing Votes, Cutting Rich People’s Taxes
But those surpluses, points out Institute on Taxation and Economic Policy analyst Neva Butkus, reflect a set of special circumstances that range from billions in federal Covid aid to changes in tax-filing… -
media mention January 24, 2022 The Street: The Top Corporate Tax Havens and Global Tax Reform
According to the Institute on Taxation and Economic Policy: FedEx (FDX) – Get FedEx Corporation Report zeroed out its federal income tax on $1.2 billion of U.S. pretax income and… -
media mention January 20, 2022 Idaho Press-Tribune: Who gets rebates, tax cuts under House bill
Idaho’s corporate income tax rate is a single rate of 6.5%; the bill would lower it to 6%. Necochea called that “throwing money out of the state,” citing figures from… -
media mention January 20, 2022 Quad City Times: Record $600M Idaho tax cut clears House, heads to Senate
An analysis by the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan tax policy organization based in Washington, D.C., found that the total tax benefits of the package for… -
media mention January 10, 2022 Exposed: Bradley and Koch Cash Fuels Push to Eliminate Wisconsin Income Tax
In addition, “sales taxes inevitably take a larger share of income from low- and middle-income families than from rich families because sales taxes are levied at a flat rate and… -
media mention January 3, 2022 CNN: We Can’t Afford to let Build Back Better Fail
The bill also has provisions to require corporations to pay their fair share of the nation’s tax bill. According to the Institute on Taxation and Economic Policy, 55 of the… -
media mention December 31, 2021 The Daily Beast: Joe Manchin Doomed the Child Tax Credit. Can States Save Kids Instead?
A 2019 report from the Institute on Taxation and Economic Policy suggested state-level CTCs are also a means for reducing “a myriad of inequities that are exacerbated by the tax… -
media mention December 23, 2021 CNBC: Some Americans may receive more stimulus money this tax season
Still, many America have money coming to them if they still have not received all that was due them from the three stimulus checks, or if they are eligible for… -
media mention December 21, 2021 Zero Hedge: American “Super Rich” Feel “Immense Relief” As ‘BBB’ Tax Hikes Are Canceled
Of course, a bunch of admittedly left-leaning economists say the Democrats’ plan would help “reduce inequality.” Though many of Democrats’ more radical tax proposals were scaled back or dropped in… -
media mention December 20, 2021 NBC News: Build Back Better demise ‘a crushing blow’ to child tax credit payments, advocates say
About 10 million children could sink into poverty or deeper into poverty if the credit is discontinued, according to CBPP. The poorest 20 percent in the U.S. would experience a… -
media mention December 20, 2021 Bloomberg: Super-Rich Americans Feel Relief as Tax Hikes Canceled for Now
Though many of Democrats’ more radical tax proposals were scaled back or dropped in negotiations, the bill would be “a meaningful step for reducing inequality,” said Carl Davis, research director… -
media mention December 18, 2021 CNBC: Parents Worry About the End of Monthly Child Tax Credit Payments
The lowest-income households will be hit the hardest. If the credit were continued through 2022, the poorest 20% of families would have seen a 35% income boost, according to a… -
media mention December 16, 2021 The Hill: Build Back Better is a chance to finally make corporate taxes line up better with profits
These planning opportunities have long helped to make corporate tax avoidance both incredibly successful and publicly infamous. Between 2018 and 2020, the Institute on Taxation and Economic Policy reports that 39… -
media mention December 16, 2021 Time: A Wonky Tax Break for the Well-Off Is a Bigger Problem for Democrats Than You’d Think
That’s because raising the cap on SALT deductions from $10,000 to $80,000, as prescribed in the House-passed version of BBB, would disproportionately help taxpayers rich enough to benefit from itemizing… -
media mention December 16, 2021 McClatchy: Parents Are Receiving Their Final Monthly Child Tax Credits. Will Congress Bring Them Back?
Continuing the expanded credit in 2022 would mean these savings for California families with tax cuts next year, according to the Institute on Taxation and Economic Policy: — Less than… -
media mention December 10, 2021 Bloomberg: SALT Debate Forces Rich Americans to Confront Widening Tax Gap
Lawmakers in Arizona, Arkansas, Idaho, Iowa, Louisiana, Missouri, Montana, North Carolina, Ohio and Oklahoma have also approved cuts to their top personal income tax going into effect either this year… -
media mention December 9, 2021 USA Today: With inflation spiking, will states and voters give grocery taxes a second look?
Read more: https://www.usatoday.com/story/news/politics/2021/12/08/inflation-food-prices-grocery-taxes/8800601002/?gnt-cfr=1 -
media mention December 9, 2021 Arkansas Democrat-Gazette: Income tax cut bills roll through Arkansas House and Senate; steel plant incentive also meets approval
The state Democratic House Caucus held a news conference Wednesday morning to release several proposals that they said would be a better use of the $600 million a year that… -
media mention December 9, 2021 NJ.com: 96% of N.J. residents would get their full property tax break restored under this Senate plan
According to the progressive Institute on Taxation and Economic Policy, the Senate proposal would encompass 96% of New Jersey taxpayers. The higher cap for what is known as SALT would… -
media mention December 7, 2021 Tax Notes: Looking Ahead: State Tax Policy Trends To Watch Next Year
This pod cast features ITEP research director Carl Davis: https://www.forbes.com/sites/taxnotes/2021/12/07/looking-ahead-state-tax-policy-trends-to-watch-next-year/?sh=7f2a4ba02add -
media mention December 7, 2021 McClatchy: What would the Biden tax-break plan mean for your wallet?
Most families with children as well as taxpayers with higher six-figure incomes are the biggest California winners from the tax changes in the Biden administration’s Build Back Better plan so… -
media mention December 5, 2021 Washington Post: Treasury officials raised concerns about new minimum tax on corporations, key to Biden spending plan
The proposal gained traction among some liberals in recent years amid reports that 55 major corporations are effectively able to zero out their tax liability by aggressive use of tax… -
media mention November 24, 2021 CNN Business: This Tax Would Make Wealthy Corporations Pay Their Fair Share
Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal… -
media mention November 19, 2021 Forbes: How An $80,000 SALT Cap Stacks Up Against A Full Deduction For Those Making $400,000 Or Less
Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction. The House version of President…