Institute on Taxation and Economic Policy

Select Media Mentions

KY Forward: Kentucky needs to take its future in its own hands and make tax system fairer

April 4, 2014

Thursday, April 3, 2014 The General Assembly has just passed another inadequate state budget. And once again, it has failed to give Kentucky a tax system that will allow it to compete in the 21st-century economy. As a legal aid attorney and education advocate for 35 years, I’ve long witnessed firsthand how our state budget […]

Waterloo Cedar Falls Courier: Gas tax

April 2, 2014

(Original Post) A new fact sheet from the Institute on Taxation and Economic Policy indicates Iowa is one of seven states where the gas tax rates are “stuck in neutral.” According to the institute’s analysis, 21 states have gone a decade or more without increasing their gas tax rates and 16 states have gone two […]

Globe Gazette: Iowa’s Among Gas Tax Rates Stuck in Neutral

April 2, 2014

(Original Post) A new fact sheet from the Institute on Taxation and Economic Policy indicates Iowa is one of seven states where the gas tax rates are “stuck in neutral.” According to the institute’s analysis, 21 states have gone a decade or more without increasing their gas tax rates and 16 states have gone two […]

Politico: Morning Transportation 04/02/2014

April 2, 2014

(Original Post) When each state last raised its gas tax (in chart form), via the Institute on Taxation and Economic Policy: http://bit.ly/1hg0cA7

Public News Service: Many Big Corporations Paying No State Taxes

March 28, 2014

(Original Post) March 27, 2014 CHARLESTON, W.Va. – Many huge, profitable corporations pay no state taxes, according to a new report from Citizens for Tax Justice and the Institute for Taxation and Economic Policy. The report looks at 300 Fortune 500 companies that made a profit every year from 2008 to 2012 and found at […]

The Washington Post: New report slams Kansas tax cuts

March 28, 2014

(Original Post)  BY NIRAJ CHOKSHI March 27 at 3:22 pm In 2012, Kansas enacted one of the largest tax cuts of any state ever, and the short-term results aren’t promising, a new report finds. “Kansas is a cautionary tale, not a model,” Center on Budget and Policy Priorities researchers Michael Leachman and Chris Mai write […]

The Intelligencer: Total Republican control produces Harrisburg scam

March 27, 2014

(Original Post) Posted: Thursday, March 27, 2014 12:15 am By Joe Frederick The Republicans have been in complete control of Harrisburg since 2011. The governor is a Republican, and both the state House and the state Senate have Republican majorities (and there are no filibusters in the Pennsylvania Constitution). So what have they done with […]

Rocky Mountain Telegram: Tax loopholes favor giant corporations

March 27, 2014

(Original Post) Tuesday, March 25, 2014 Gov. Pat McCrory and the Republican-led N.C. General Assembly in 2013 made good on their promises to cut corporate income taxes in order for North Carolina to better compete to land new businesses and industries – and the jobs that come with them. North Carolina’s tax rate on corporations […]

News & Record: Next to nothing

March 24, 2014

(Original Post) What’s less than a lower corporate income-tax rate? What some businesses actually pay. North Carolina legislators cut the state’s corporate income-tax rate last year from 6.9 percent to 6 percent. It’s scheduled to drop to 5 percent next year. Republican lawmakers said the cut was needed to create a better business climate and […]

The Record: The 5-cent solution – gas tax for New Jersey

March 24, 2014

(Original Post) MARCH 21, 2014, 4:53 PM LAST UPDATED: FRIDAY, MARCH 21, 2014, 4:53 PM BY CARL DAVIS THE RECORD Carl Davis is senior policy analyst at the Institute on Taxation and Economic Policy, a non-profit, non-partisan research organization that works on federal, state and local tax policy issues. IF YOU WERE to ask five […]

Reuters: Some big U.S. companies dodge state income taxes

March 21, 2014

(Original Post) WASHINGTON Thu Mar 20, 2014 6:14pm EDT (Reuters) – Some profitable U.S. corporations that avoid paying federal income taxes manage to do the same in states where they operate, said a study issued on Thursday by a tax activist group. From 2008 through 2012, ten U.S. companies paid no state income taxes, said […]

24/7 Wall St: Ten Huge Companies Dodged State Taxes for Five Years

March 21, 2014

(Original Post) By Douglas A. McIntyre March 21, 2014 6:38 am EDT States, often burdened by budget deficits that grew during the recession, are not getting tax receipts from some of America’s largest companies. Among them are Boeing Co. (NYSE: BA) and Merck & Co. Inc. (NYSE: MRK), which have not paid taxes for five […]

Daily Kos: That Sucking Sound? It’s The 73 Billion-Dollar Corporate Robbery of The States

March 21, 2014

(Original Post) Tasini THU MAR 20, 2014 AT 11:12 AM PDT What I really like about corporate skullduggery is that at least it’s usually done with big numbers, as in billions of dollars. Nothing on the cheap (except, of course, when it comes to paying workers). In another installment of “how can we fill our […]

The Day: Six firms paid less than 3% in state taxes

March 21, 2014

(Original Post) Published 03/21/2014 12:00 AMUpdated 03/20/2014 11:42 PM Six Connecticut-based companies, including General Electric, United Technologies, Northeast Utilities and Aetna, paid state taxes totaling less than 3 percent of their profits over the past few years, according to a new report. The report by Citizens for Tax Justice and the Institute of Taxation and […]

Accounting Today: Big Corporations Dodge Billions in State Taxes

March 21, 2014

(Original Post) WASHINGTON, D.C. (MARCH 21, 2014) BY MICHAEL COHN Some of the largest and most profitable Fortune 500 companies are paying little or nothing in state income taxes, according to a new study. The study, by the advocacy groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy, examined 269 Fortune […]

The Hill: Our great nation of immigrants

March 20, 2014

(Original Post) March 17, 2014, 09:00 am By Rep. Matt Cartwright (D-Pa.) This month I, along with 34.5 million Americans of Irish descent, celebrate St. Patrick’s Day. It was Irish immigrant Annie Moore who was the first to pass through Ellis Island when it officially opened on New Year’s Day 1892. Today, Irish is the […]

The Hill: Corporations avoid state taxes

March 20, 2014

(Original Post) March 19, 2014, 10:01 pm By Bernie Becker Dozens of Fortune 500 companies paid no state corporate taxes in at least one recent year, according to a new report from liberal groups. The study, from Citizens for Tax Justice and the Institute on Taxation and Economic Policy, found that 269 companies in all […]

The Oregonian: 24 Oregon companies turned a profit but paid no income tax in 2011

March 20, 2014

(Original Post) By Christian Gaston | [email protected] on March 19, 2014 at 7:00 PM, updated March 19, 2014 at 7:08 PM At least two dozen profitable corporations paid no Oregon income taxes in 2011, according to a new study by the Oregon Center for Public Policy. The Silverton-based think tank sifted through data from the […]

Politico: Study Finds Nearly 100 Companies Don’t Pay State Income Taxes

March 20, 2014

(Original Post) Some of the country’s most famous Fortune 500 companies are using tax code giveaways and breaks to avoid paying state income taxes, a new study by Citizens for Tax Justice and the Institute for Taxation and Economic Policy, two left-of-center advocacy groups, found. The study examined 269 Fortune 500 companies that posted profits […]

Public News Service: Report Highlights Illinois Companies Dodging State Taxes

March 20, 2014

(Original Post) March 20, 2014 SPRINGFIELD, Ill. – Illinois may have the fourth highest corporate tax in the nation, but it turns out that not all businesses are actually paying it. Several Illinois-based companies are on a list of profitable Fortune 500 companies that paid zero state income tax in at least one year from […]

Burnt Orange Report: The Texas Miracle – The Devil in the Details

March 18, 2014

(Original Post) by: Joe Deshotel Fri Mar 14, 2014 at 02:00 PM CDT As the American economy begins to gain traction and the national dialogue addresses the subject of income equality it is a good time to reflect on merits of “The Texas Miracle.” The narrative is simple — Low taxes, low services, and low […]

The Gazette: Potential benefits of a community ID

March 18, 2014

(Original Post) The Gazette Editorial Board Center for Worker Justice of Eastern Iowa and others are proposing a community ID program for Iowa City and Johnson County. It’s the first Midwest location to seriously discuss implementation. The aim is to help a substantial number of people who cannot access basic services without an ID, one […]

Accounting Today: Multinationals Pay Higher Tax Rates Abroad than in U.S.

March 18, 2014

(Original Post) WASHINGTON, D.C. (MARCH 17, 2014) BY MICHAEL COHN Most U.S.-based multinational corporations paid lower U.S. taxes on their domestic profits than they paid to foreign governments on their foreign profits, according to a recent study. The study, released late last month by the advocacy groups Citizens for Tax Justice and the Institute on […]

The Digital Journal: Customers will pay for ash pond cleanup, Duke Energy CEO says

March 13, 2014

(Original Post) BY KELLY FETTY Charlotte – Duke Energy expects its customers to pay for the cleanup and removal of hazardous coal ash ponds in North Carolina, CEO Lynn Good said last Friday. Good made the remark in a brief interview after she accepted the BusinessWoman of the Year award at Queens University of Charlotte […]

USA Today: Needing money for roads, states mull gas tax hikes

March 11, 2014

(Original Post) Larry Copeland, USA TODAY 10:13 a.m. EDT March 11, 2014 The federal gas tax hasn’t been raised in more than two decades The federal gas tax, long used to help states pay for roads and bridges, hasn’t been raised since Bill Clinton was president. The prices of asphalt, steel and heavy machinery — […]

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].