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 July 16, 2021 Bloomberg: TurboTax Maker Intuit Opts Out of IRS Free File Program
Carl Davis, director of research at the Institute on Taxation and Economic Policy, said he supports such an idea. The shift would mean the IRS could work directly with taxpayers,… -
media mention July 15, 2021 Yahoo! Money: Millions of American families plan for ‘life-changing’ Child Tax Credit payments
“This is super targeted to lower income families,” Aidan Davis, senior policy analyst at the Institute for Taxation and Economic Policy (ITEP), told Yahoo Money. “The families that are being… -
media mention July 15, 2021 Newsweek: Joe Biden’s Stimulus Is Financing GOP’s Billionaire Tax Cuts
“We saw that many states are using better-than-expected revenue outlooks as an excuse to cut personal and corporate income taxes,” Marco Guzman, state policy analyst at the Institute on Taxation… -
media mention July 14, 2021 Washington Post: As IRS audits waned, big businesses racked up unapproved tax breaks
One challenge for the IRS is that each company tends to interpret tax laws differently, says Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a… -
media mention July 8, 2021 Napa Valley Register: California’s progressive tax system proved its worth during the pandemic
In fact, the Institute on Taxation and Economic Policy reports that California’s tax system does the most of any state to alleviate inequality — while taxes in most states serve… -
media mention July 8, 2021 Politico: As Bezos called for tax hikes, Amazon lobbied to keep its tax bill low
“It’s very likely they’re getting hundreds of millions of dollars a year in R&D tax credits,” said Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy,… -
media mention July 8, 2021 New York Post: Jeff Bezos openly embraces tax hikes, but Amazon lobbied against them
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, who’s studied the tax habits of Amazon and other big companies, told Politico that Amazon is likely… -
media mention July 6, 2021 Yahoo! Finance: Biden’s tax plan would cost richest Americans an extra $1.5M next year, analysis finds
In all, the changes proposed by the Biden administration would generate about $88.4 billion in new tax revenue, according to a separate analysis conducted by the Institute on Taxation and Economic… -
media mention July 1, 2021 CNN.com: States are so flush with funds, many are cutting taxes
This means that the state’s wealthiest 5% of taxpayers will receive nearly 60% of the benefits, while the bottom 80% will get only 23%, according to an analysis for Policy… -
media mention June 25, 2021 NBC News: Billionaire investor Peter Thiel has $5B in his tax-free retirement account, report finds
“It’s a wildly inappropriate use of the Roth IRA, even if it’s legal,” said Steve Wamhoff, the director of federal tax policy at the Institute on Taxation and Economic Policy… -
media mention June 15, 2021 The Hill: Even Jeff Bezos should pay income taxes
According to the nonpartisan Institute on Taxation and Economic Policy, 55 of the largest corporations in America — including Archer Daniels Midland, FedEx and Nike — paid no federal income… -
media mention June 11, 2021 VOA News: IRS Data Leak Reveals How Little America’s Wealthiest Pay in Taxes
“I think it’s a big wake-up call,” said Steve Wamhoff, director of federal tax policy for the Institute on Taxation and Economic Policy in Washington. “It tells us things that… -
media mention June 10, 2021 Sacramento Bee: White, Asian families have most to gain if Congress restores tax break Trump capped, report says
“Outright repeal of the SALT cap without an adequate replacement would exacerbate racial inequities in this country,” said a study from the Institute on Taxation and Economic Policy’s Carl Davis… -
media mention June 10, 2021 Politico: How much companies that paid no corporate income tax spent on lobbying
ProPublica’s bombshell report on Tuesday showing that some of the wealthiest Americans routinely pay little or no taxes, a new report from watchdog group Public Citizen today dives into the… -
media mention June 10, 2021 Market Watch: How would Biden’s tax hikes hit the wealth of Jeff Bezos, Elon Musk and other billionaires? First, they’d have to die, experts say
“The whole exposé is really an argument for the Biden proposal to tax unrealized capital gains at death,” said Steve Wamhoff, director of federal tax policy at the left-leaning Institute… -
media mention June 9, 2021 Fortune: Biden’s plan will stop Jeff Bezos and Elon Musk from avoiding billions in taxes
Following is an excerpt of an opEd by Steve Wamhoff published in Fortune: It is no surprise that billionaires pay little in federal taxes relative to their incomes, but the… -
media mention June 9, 2021 Fortune: Biden’s plan will stop Jeff Bezos and Elon Musk from avoiding billions in taxes
FORTUNE: COMMENTARY | TAXES BY STEVE WAMHOFF It is no surprise that billionaires pay little in federal taxes relative to their incomes, but the level of detail provided by ProPublica Tuesday about how… -
media mention June 8, 2021 New York Times: Investors Fret as Biden Takes Aim at a 100-Year-Old Tax Loophole
In this congressional session, Democrats appear to be placing enormous emphasis on creating a fairer tax code along with investing in infrastructure and social programs, said Steve Wamhoff, director of… -
media mention June 8, 2021 Marketplace: Why are some states experiencing a tax revenue surplus?
But according to Carl Davis, research director at the Institute on Taxation and Economic Policy, no one is swimming in cash. “A lot of states were just barely trying to… -
media mention June 8, 2021 Washington Post: Plans for a Global Minimum Tax Revolution, Explained
Many big corporations do. At least 55 large U.S. companies, including Nike Inc. and FedEx Corp., reported paying no U.S. federal income taxes in 2020 even though they were profitable,… -
media mention June 7, 2021 Fortune: Last year 55 Fortune 500 companies paid no U.S. income tax. How can they get away with that?
Last year at least 55 major, profitable U.S. corporations paid no U.S. income tax, reports the Institute on Taxation and Economic Policy. Some are famous —Nike, FedEx, Salesforce.com—and all are in the Fortune… -
media mention June 5, 2021 CBS News: G-7 nations back global minimum corporate tax of at least 15%
Nations have been grappling with the question of how to deter companies from legally avoiding paying taxes by resorting to tax havens — typically small countries that entice companies with… -
media mention June 4, 2021 Talking Points Memo: If Biden’s Corporate Tax Offer Isn’t A Feint, Then It’s A Massive Concession
Their specific opposition to the corporate tax hike, Matt Gardner, corporate tax expert at the left-leaning Institute on Taxation and Economic Policy, told TPM, is part of their “hidebound refusal… -
media mention June 4, 2021 Bloomberg: Hedge Funds, Tech Spur Texas Wealth Boom as California Fades
The growth comes with headaches. Traffic is getting worse and public transportation is limited. The influx of people is driving up housing prices, forcing up the cost of living by… -
media mention June 4, 2021 The Week: Biden’s new $1 trillion infrastructure offer reportedly swaps in 15 percent minimum corporate tax for tax hike
“Corporations have paid a declining share in federal taxes since the 2017 GOP tax law dramatically slashed the corporate tax rate,” the Post reports, and 55 Fortune 500 corporations paid…