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 October 21, 2021 Business Insider: Biden roasts 55 companies like Nike and FedEx for paying less in taxes than the price of a cup of coffee
To make the case, he’s referencing one of his favorite talking points when it comes to the corporate tax: Multinational corporations who paid $0 in income taxes. An April report… -
media mention October 21, 2021 The Washington Post: Biden’s favorite stat — that 55 major corporations paid no federal income tax
The number comes from a report issued in April by the left-leaning Institute on Taxation and Economic Policy (ITEP). The group studied the corporate filings with the Securities and Exchange… -
media mention October 19, 2021 Barrons: Even Scaled Back, Biden’s Tax Reforms Would Reshape Business
Following is an excerpt of an opEd by ITEP Executive Director Amy Hanauer: Despite the drama about getting majorities of lawmakers to support it, the tax bill before Congress right… -
media mention October 13, 2021 Fast Company: Is the Global Minimum Tax Enough?
The result of many months of negotiations, the decision means companies doing business abroad will have to pay a minimum tax of 15% on their overseas profits, leaving little advantage… -
media mention October 12, 2021 McClatchy: Biden’s spending plan has big income tax changes. Here are the Californians who would benefit
Chief beneficiaries of tax cuts would be parents and very low-income workers without children who are among the lowest 20% of income earners, which means those making less than $29,100… -
media mention October 12, 2021 Brinkwire: Update on the IRS Child Tax Credit for 2021
Only kids with Social Security numbers are eligible to claim the tax credit, CNBC reports. So, some lawmakers have proposed to allow kids with individual taxpayer identification numbers (ITIN) to receive the… -
media mention October 10, 2021 Associated Press: How US states help rich foreigners shield assets
The Pandora Papers revealed how hundreds of politicians, celebrities, religious leaders and drug dealers have used shell companies and trusts to hide their wealth and investments. “The Pandora Papers is… -
media mention October 8, 2021 Associated Press: ‘Pandora Papers’ bring renewed calls for tax haven scrutiny
“The Pandora Papers is all about individuals using secrecy jurisdictions, which we would call tax havens, when the goal is to evade taxes,” said Steve Wamhoff, director of federal tax… -
media mention October 8, 2021 Politico: Democrats likely to throw billions in tax hikes overboard as spending plans shrink
“Democrats need to think about reforms to capital gains that prevent rich people from avoiding capital gains,” said Steve Wamhoff, a former tax aide to Sen. Bernie Sanders (I-Vt.) now… -
media mention October 8, 2021 Arkansas Times: Arkansas income tax cut plan favors the rich. Duh.
Analyses by the Institute on Taxation and Economic Policy (ITEP) show that plans to cut the top income tax rate would largely benefit Arkansans with the highest incomes and cost… -
media mention October 6, 2021 Yahoo! Finance: Democrats’ tax plan makes ‘baby steps’ toward racial wealth equity
By lifting up families at the bottom through tax credits and taxing affluent households more, Democrats can help narrow the racial wealth gap. But their latest plan may not be… -
media mention October 6, 2021 Truthout: Elizabeth Warren Probes “Corrupt” Link Between Tax System and Private Sector
A report by the Institute on Taxation and Economic Policy earlier this year found that 55 large corporations, including FedEx, Nike and American Electric Power, paid $0 in federal income… -
media mention September 25, 2021 Maine Beacon: Analysis: Dems’ budget plan would raise taxes on rich, cut rates for 80% of Mainers
A report released this week by a national policy group found that proposed changes to the tax code advanced by the House Ways and Means Committee to pay for the… -
media mention September 24, 2021 Wall Street Journal: Zero-tax companies could remain
Mr. Biden’s often-cited list of 55 companies comes from the Institute on Taxation and Economic Policy, or ITEP, a progressive group that publishes a regular report on the zero-tax-company phenomenon.… -
media mention September 19, 2021 The Motley Fool: House Democrats Push for Expansion of Tax Credit Designed for Low Earners
Now, House Democrats want to make the expanded EITC a permanent fixture of the tax code. If they get their way, the increased credit could provide $12.4 billion to families… -
media mention September 17, 2021 The Hill: Lessons from Occupy Wall Street for today’s tax fight
Following is an excerpt from an opEd by Amy Hanauer, ITEP’s executive director, published in The Hill. Right now, Congress is debating President Biden’s Build Back Better agenda, a plan that would make… -
media mention September 17, 2021 CNBC: About 1 Million More Kids Could Get the Child Tax Credit in the Future Thanks to This Change in Plan From Democrats
One major change in the current proposal is allowing children with individual taxpayer identification numbers, or ITINs, to receive the credit. These kids, who are often undocumented children growing up… -
media mention September 17, 2021 The Sun: Nearly one million kids could get child tax credits in new plan… are you in line for cash?
Researchers at the Institute on Taxation and Economic Policy think this change could benefit up to one million children. The 2017 Tax Cuts and Jobs Act prevented families with ITINs… -
media mention September 14, 2021 Boston Now: Housing, commuting and medical care pushes 9.4% of Bay Staters into poverty, Census data shows
The Institute on Taxation and Economic Policy also pointed to the stimulus payments as a reason why there was no commensurate spike in poverty in 2020 to go with the… -
media mention September 14, 2021 Houston Chronicle: Stimulus checks saved many from poverty, Census data show
“At the start of the health and economic crisis, we knew that we needed deep government investments to alleviate widespread hardship,” said Aidan Davis, a senior policy analyst at the… -
media mention September 14, 2021 Los Angeles Times: Democrats are ready to raise taxes, but not by nearly enough
They write off executive stock options, take advantage of federal research and development subsidies, and use accelerated depreciation schedules to write off the decline in the value of equipment faster… -
media mention September 14, 2021 The Hill: House Democrats take step back from Biden on tax hikes
Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, said the committee’s proposal would be a “huge improvement” over the current tax code. But… -
media mention September 14, 2021 CNBC: House Democrats push for permanent EITC expansion
A permanent expansion may cost $135 billion over the next decade, the Joint Committee on Taxation estimates. If enacted, the increased credit may provide $12.4 billion to families in 2022, affecting… -
media mention September 14, 2021 Marketwatch: Biden v. House Democrats: How their proposed tax hikes differ on Roth IRAs, capital gains
But the Ways and Means Committee proposals do “not go as far as the Biden administration proposals go,” said Steve Wamhoff, director of federal tax policy at the left-leaning Institute… -
media mention September 13, 2021 Daily Tax Report: House Democrats’ International Tax Plan More Modest in Aim
“It’s definitely more corporate-friendly than the Biden plan,” said Steve Wamhoff, director of federal tax policy for the left-leaning Institute on Taxation and Economic Policy. But in big-picture terms, he…