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 August 11, 2022 U.S. News: What the Inflation Reduction Act Means for You
The Inflation Reduction Act requires certain large corporations to pay a minimum income tax of 15% and a 1% tax on stock buybacks. The bill also allocates an additional $80… -
media mention August 2, 2022 Bloomberg Tax Op-Ed: Manchin-Schumer Deal Takes Sensible Aim at Corporate Tax Dodging
Revenue-raising provisions in the Inflation Reduction Act would bring long-overdue fairness to a tax system that for decades has been eroded by special breaks for the powerful and well-connected, says… -
media mention July 28, 2022 The Washington Post: How the Schumer-Manchin Climate Bill Might Impact You and Change the U.S.
“This would certainly be the biggest corporate tax increase in decades,” said Steve Wamhoff, a tax expert at Institute on Taxation and Economic Policy. “We’ve had decades of tax policy… -
media mention July 28, 2022 Reuters: Biden Pledge to Tax Wealthy, Companies Revived with Manchin-Led Bill
Biden said during a speech on Thursday that the deal would “for the first time in a long time begin to restore fairness to the tax code – begin to… -
media mention July 5, 2022 CNBC: Millions of Calif. families to get ‘inflation relief’ stimulus checks of up to $1,050
Democratic California Gov. Gavin Newsom and Democratic legislative leaders agreed on a $17 billion relief package that includes $9.5 billion in inflation relief funds. Those estimated 23 million California taxpayers will receive… -
media mention June 14, 2022 Bloomberg Tax: Flat Income Tax Revival Draws Sharply Mixed Reviews (Podcast)
With cash cushions plump with federal pandemic relief dollars and a surge in tax revenues, state legislatures across the country have cut taxes aggressively this year. But several states went… -
media mention June 2, 2022 TheStreet.com: Amazon’s Biggest Rival Isn’t Walmart, It’s Congress
Over that period the company paid $1.9 billion in U.S. corporate income taxes, according to a 2021 analysis by the Institute on Taxation and Economic Policy. Those payments gave Amazon… -
media mention June 2, 2022 Wall Street Journal: States Help Business Owners Save Billions in Federal Taxes
“That’s logical from any individual state’s perspective, but in the big national scheme of things, it’s hard to see how this is a good thing,” said Carl Davis, research director… -
media mention June 2, 2022 Bloomberg: Some States Are Offering Sales Tax Holidays for Shoppers in 2022
Last year, sales tax holidays cost states and local governments more than $550 million in lost revenue—that’s according to an Institute on Taxation and Economic Policy (ITEP) survey of cost… -
media mention May 17, 2022 The New York Times: State Lawmakers, Step Up and Govern
Below is an excerpt of a letter to the editor by Aidan Davis: The overarching theme that ties most of them together is that they are a default reaction among… -
media mention May 17, 2022 The Hill: Biden, Bezos Feud Escalates
Between 2014 and 2018, Bezos reported $4.22 billion income and paid $973 million in taxes. In that period, the Amazon founder and then-CEO’s wealth grew by $99 billion, according to… -
media mention May 16, 2022 MarketWatch: Jeff Bezos accuses Biden of ‘misdirection’ over inflation causes and solutions
A report earlier this year said Amazon avoided paying about $5.2 billion in corporate income taxes in 2021 as it reported record profits. The report by the Institute on Taxation and… -
media mention May 10, 2022 CNN: Fact-checking the Biden vs. Rick Scott argument over Scott’s tax proposal
Another analysis, from the left-leaning Institute on Taxation and Economic Policy think tank, tested a different hypothetical policy that would satisfy Scott’s proposal to have all Americans pay some income… -
media mention May 10, 2022 Washington Post: Corporate America takes first battle over future of Trump tax cuts
“That’s a fair trade,” said Frank Clemente, executive director of Americans for Tax Fairness, a left-leaning group that has along with the Institute on Taxation and Economic Policy voiced opposition… -
media mention May 10, 2022 The Center Square: States That Legalized Marijuana Are Bringing in More Tax Revenue on Marijuana Sales than Alcoho
A majority of the states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales. The first two states to legalize pot… -
media mention May 9, 2022 Politico: Checking for research opposition
The progressive Institute on Taxation and Economic Policy followed up with a post shortly thereafter, calling it an “incredible reversal” that Democrats would consider a net corporate tax cut in… -
media mention May 7, 2022 Salon: Taking the Amazon union battle to the C-suite
The Institute on Taxation and Economic Policy recently reported that Amazon “avoided” about $5.2 billion in corporate federal income taxes in 2021 while reporting record profits of more than $35… -
media mention April 27, 2022 The Hill: Pot taxes surpass those from alcohol in legalization states
The report, from the Institute on Taxation and Economic Policy, found the 11 states where marijuana is legal pulled in just shy of $3 billion in excise taxes on pot… -
media mention April 27, 2022 Bloomberg: Musk’s Untaxed Wealth Opens a Path to Twitter, Riling Democrats
“If you look at Musk’s ‘income’ as defined by our tax code, you see that the guy is really rich, but not rich enough to buy Twitter,” Steve Wamhoff, the… -
media mention April 25, 2022 Yahoo! Finance: Pot Taxes Giving Some States a Revenue High
Taxes on the sale of marijuana are now producing more revenue than taxes on alcohol in the 11 states that legalized commerce in the drug, according to an analysis by… -
media mention April 24, 2022 Forbes: Will Working From Home Cripple City Budgets?
As if COVID-19 hasn’t been hard enough on cities, a new report from the Institute on Taxation and Economic Policy (ITEP) raises another worry—lost tax revenues from a weak office… -
media mention April 19, 2022 McClatchy: A Republican senator has a plan to ‘Rescue America.’ Here’s what it could cost Californians
But it’s the lowest wage earners who would pay more taxes, according to the Institute on Taxation and Economic Policy. The nonpartisan Tax Policy Center reached the same conclusion. The… -
media mention April 15, 2022 MarketPlace: Millions of college students are eligible for tax credits. But they have to file for them
“They’re sensibly designed to make college more attainable, to make it so that students don’t have to live in poverty just to pay for their college expenses,” said Matthew Gardner,… -
media mention April 14, 2022 CNBC: How companies like Amazon, Nike and FedEx avoid paying federal taxes
The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of… -
media mention April 12, 2022 CSPAN Washington Journal: Biden Tax Proposals
ITEP Senior Fellow Matthew Gardner appeared on CSpan’s Washington Journal on Tuesday, April 12, 2022, to discuss President Biden’s tax proposals.