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 September 8, 2021 Huffington Post: How Farms Became Wealthy Heirs’ Anti-Tax Mascot
The tax proposals in question do not actually target family farms. The White House has called for higher taxes on capital gains, like the profits from buying a stock and… -
media mention September 8, 2021 Business Insider: Biden is picking a fight on corporate taxes with Disney, Fedex, and others. Senate Democrats may go easier.
He also ripped into 55 large companies that paid no federal income taxes in 2020, per a report from the left-leaning Institute on Taxation and Economic Policy. Those firms who… -
media mention September 8, 2021 The Intercept: Companies Lobbying Infrastructure Tax Increase Have Avoided Paying Billions in Taxes
A 2016 report from the U.S. Public Interest Research Group, Citizens for Tax Justice, and the Institute on Taxation and Economic Policy found that Bristol Myers Squibb held $25 billion… -
media mention September 8, 2021 Wall Street Journal: Heirs, Estates and the Step-Up in Basis Rule
Following is an excerpt from a letter to the editor published in the Wall Street Journal by Steve Wamhoff, ITEP federal policy director. Under current law, America’s wealthiest people can… -
media mention September 6, 2021 The Nation: The New New Deal
Amy Hanauer, the executive director of the Institute on Taxation and Economic Policy, sees the budget as a “long overdue” opportunity to achieve fairer taxation. Biden and Senate Democrats have… -
media mention September 2, 2021 The Hill: Progressives prepare to launch counterattack in tax fight
“Clearly what is happening is that some lawmakers are responding to a lobbying campaign by corporations and very wealthy people, and that campaign is really kicking into gear now,” said… -
media mention September 2, 2021 Salon: Former Sen. Heidi Heitkamp now lobbies for tax loophole she called “one of the biggest scams”
Amy Hanauer, executive director of the Institute for Taxation and Economic Policy, told Salon that the current loophole “unfairly allows billionaires like Jeff Bezos to avoid paying income tax on… -
media mention August 25, 2021 Bloomberg Law: Wyden Plan Retains Tax Boost But Mulls Foreign Tax Credit Perk
But public opinion supports the idea of companies paying higher taxes on their offshore profits, said Steve Wamhoff, director of federal tax policy for the Institute on Taxation and Economic… -
media mention August 24, 2021 Newark Star-Ledger: U.S. House paves way to increase property tax breaks after delay spurred by N.J. Democrat
The Institute on Taxation and Economic Policy, a progressive research group, said 80% of the 1.9 million New Jerseyans who would benefit from removing the cap had an average income… -
media mention August 20, 2021 The Motley Fool: Low-Income Americans Will Get an Average of $3,590 in Stimulus Money in 2021
According to the Institute on Taxation and Economic Policy, the lowest-earning Americans will receive more financial relief this year than some of their higher-earning counterparts. Specifically, those who have a… -
media mention August 19, 2021 Mississippi Today: Mississippi tax laws place higher burden on people of color
“Black households pay an average of 8.7% of their income in state and local tax while Hispanic families pay 9.1%,” according to a recently released study by non-profit One Voice,… -
media mention August 17, 2021 CNBC: States boost earned income tax credits for pandemic relief
President Joe Biden proposed making these changes permanent in the American Families Plan, which could provide $12.4 billion to families in 2022, affecting 19.5 million workers, according to research from the Institute on… -
media mention August 13, 2021 Motley Fool: Middle-Class Americans Will Get an Average of $2,910 in Stimulus Money in 2021
Although there’s no specific data detailing exactly how much stimulus money people within this income range will receive on average, the Institute on Taxation and Economic Policy found that those… -
media mention August 13, 2021 Yahoo! Finance: Silence from congressional liberals as Democrats move toward SALT tax cut for wealthy
The issue has made odd bedfellows of Republicans and some Democrats, with the liberal-leaning Institute on Taxation and Economic Policy blasting a repeal as “inequitable.” ITEP found that if the… -
media mention August 13, 2021 CNBC: Biden’s boost to the earned income tax credit may trigger a ‘marriage penalty’
A worker without children may receive up to $1,502 in 2021, nearly triple the former benefit, and President Joe Biden proposed making the changes permanent in the American Families Plan. If that happens… -
media mention July 29, 2021 Motley Fool: Stimulus Check Update: Most Americans Will Get an Average of $3,450 in Stimulus Money in 2021
In fact, an analysis from the Institute on Taxation and Economic Policy recently revealed that the value of federal stimulus dollars averages $3,450 for the bottom 60% of earners in… -
media mention July 29, 2021 Fortune: Newsletters, Bull Sheet
39. That’s the number of profitable S&P 500 and/or Fortune 500 companies who paid no federal income tax from 2018 through 2020—the first three years that the Trump administration’s Tax… -
media mention July 29, 2021 Common Dreams: 73 Major Corporations Paid Just 5.3% Federal Tax Rate Between 2018 and 2020: Report
Thirty-nine U.S. corporations reaping over $120 billion in profits between 2018 and 2020—the first three years of the so-called “GOP tax scam”—paid no net federal income tax, or claimed refunds… -
media mention July 28, 2021 Salon: Elizabeth Warren cornered by billionaire: “I shouldn’t get Social Security”
According to the senator’s website, the law would require that corporations making over $100 million in yearly profits would pay a 7% tax on any money made after the $100… -
media mention July 27, 2021 CNBC: Stimulus checks and child tax credit payments help prompt calls to expand another credit benefitting workers
The stimulus checks and monthly child tax credit payments have helped increase the understanding of how money can serve as a tool to help people who are struggling, he said.… -
media mention July 26, 2021 Fox: Here’s how much taxpayers can get in added federal benefits
The average American in the lowest 20% of income earners has the potential to collect a total of $3,590 from a combination of direct payments, the expanded Child Tax Credit… -
media mention July 23, 2021 CNBC: Between stimulus checks and expanded tax credits, here’s how much federal money you could get
Between cash hitting bank accounts — in the form of stimulus payments and advance child tax credits — and the expanded earned income tax credit, the value is an average… -
media mention July 22, 2021 CNBC: Between stimulus checks and expanded tax credits, here’s how much federal money you could get
t looks like the combination of stimulus checks and at least two expanded tax credits will be a boon to most U.S. households. Between cash hitting bank accounts — in… -
media mention July 21, 2021 Bloomberg: Intercompany Accounting—A Target For Tax Scrutiny
The IRS also feels significantly short-changed by dozens of big, profitable companies. Just as the Biden administration is pushing to raise corporate tax, a new study by the Institute on… -
media mention July 21, 2021 The Washington Post: Despite paying little or no income tax, some companies have big plans to profit from infrastructure deal
Jacobs was among 55 large companies included on an annual list of firms that don’t pay U.S. income taxes put together by the left-leaning Institute on Taxation and Economic Policy.…