Select Media Mentions
Vox: Biden’s Plan to Tax the Rich, Explained
March 10, 2023
Billionaires in the US pay a tiny proportion of the wealth they accrue in taxes compared to the cut ordinary Americans pay from their wages. Now, President Joe Biden wants that to change: His just-unveiled budget for fiscal year 2024 contains a tapestry of tax hikes with a laser-beam focus on billionaires, multi-millionaires, and large corporations, all aiming to […]
MarketWatch: Biden’s Tax Hikes for the Rich are Unlikely to Pass. The Bigger Debate: Trump-era Tax Cuts that End in 2025.
March 10, 2023
For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels set long before the pandemic blindsided households and inflation raged. Read more.
Louisiana Illuminator: Private School Tax Credit is a ‘Charitable Facade’ for the Rich, Study Says
March 9, 2023
A new study found that Louisiana’s private school voucher tax credit is siphoning money from public education and serving as a tax shelter for the wealthy rather than encouraging charitable donations. Read more.
Los Angeles Times: Wall Street Journal Tells Us to Weep for the Plight of the Very, Very Rich
March 8, 2023
Coverage of the richest Americans in publications aimed at their tax bracket tend to fall into two genres. One is stories claiming that income well into six figures doesn’t make them really “rich.” The other involves hand-wringing and whining about their (purportedly) ruinous tax bills. An editorial last week in the (of course) Wall Street Journal may […]
The Why: Matt Gardner on Corporate Tax Avoidance
March 7, 2023
Scripps News: How Billionaires and Corporations Avoid Taxes
March 7, 2023
Across the U.S., some of the nation’s top earners have a toolbox full of mechanisms to build wealth. Read more.
Wall Street Journal: New Jersey Is Latest State to Push Tax Relief Despite Economic Uncertainty
February 28, 2023
New Jersey Gov. Phil Murphy on Tuesday will propose another $2 billion in property-tax rebate checks as part of a $53 billion state budget, a state treasury official said, making it the latest state to push ahead with tax-relief proposals despite recession concerns. Measures under discussion in more than a dozen states vary widely but the trend cuts […]
New York Times: I.R.S. Decision Not to Tax Certain Payments Carries Fiscal Cost
February 27, 2023
More than 20 state governments, flush with cash from federal stimulus funds and a rebounding economy, shared their windfalls last year by sending residents one-time payments. This year, the Biden administration added a sweetener, telling tens of millions taxpayers they did not need to pay federal taxes on those payments. Read more.
Kansas Reflector: Kansas Senate Flat Tax Would Cut $1 for Low-Wage Earners, Hand Windfall to Top 1%
February 22, 2023
A flat tax plan moving through the Senate is structured to provide minimal relief to low-income Kansans while granting a windfall to high wage earners. Read more.
Fortune: More Than Half of States are Considering Personal Income Tax Cuts This Year
February 15, 2023
State governments are still flush with cash from federal COVID-19 aid dollars and increased revenues. And more than half are considering using those budget surpluses to institute or accelerate tax cuts for residents. Read more.
Yahoo Finance: Stock Buybacks Have Surged in the Weeks Since Washington Began Taxing Them
February 13, 2023
A new excise tax on stock buybacks went into effect Jan. 1 and has been followed by what seems to be an unexpected development: corporate share repurchase announcements have exploded. Read more.
CBS News: States are Flush with Cash. It’s Setting Off ‘Tax Cut Fever.’
February 11, 2023
Even as the U.S. economy shows signs of slowing down, many states around the U.S. are flush with cash, with their so-called rainy day funds estimated to reach a record high of $136.8 billion this fiscal year. And lawmakers in more than half of states are responding to their new cash cushions with similar proposals: cutting taxes. […]
FiveThirtyEight: Congress’s U-Turn Has States Thinking About Giving Parents Cash
February 9, 2023
Last year, Congress walked away from what looked like one of the most effective fixes for child poverty in a generation. Now, state legislators are trying to walk it back. Lawmakers in at least 10 states are considering some new version of the expanded child tax credit, a federal program that lifted millions of children out of poverty but […]
Wall Street Journal: Top GOP Tax Legislator Says He’ll Boost Workers, Probe Companies
February 7, 2023
Rep. Jason Smith (R., Mo.), the House’s new top tax writer, is promoting an approach he says would favor working-class Americans over large corporations, a shift in tone from his predecessors that raises questions about companies’ ability to push tax cuts through Congress. Read more.
States Newsroom: States Take Heat for Spending Federal Relief Funds on Tax Cuts, Prisons
February 2, 2023
As states plan how they’ll spend the $25 billion remaining in federal COVID relief funds, some also are facing criticism and renewed scrutiny over how they allocated money already received from the American Rescue Plan Act. Read more.
Kansas Reflector: Analysis Show Kansas Chamber’s Flat Tax Proposal Costs $1.5B, Favors Top 20% of Wage Earners
January 30, 2023
Assessments by the Kansas budget director and an independent tax policy institute Monday showed the flat tax proposal by the Kansas Chamber would reduce the state budget by $1.5 billion per year and primarily benefit the state’s most affluent wage earners. Read more.
Center for Public Integrity: How Will a Divided Government Affect Taxes?
January 27, 2023
House Republicans want tax changes that experts say would increase inequality and aren’t likely to pass the Senate. In a gridlocked federal landscape, states may hold the key. Read more.
Idaho Statesman: A Warning About Cutting Taxes in States Like Idaho That are Flush with Cash
January 27, 2023
During his State of the State address this year, Idaho Gov. Brad Little quoted Lt. Gov. Scott Bedke’s piece of ranch family wisdom. “It won’t be the bad years that put you out of business; it’s what you did in the good years that sets you up for failure or success.” Flush with cash, too […]
The American Prospect: Reanimating the Taxman
January 26, 2023
At its core, the Internal Revenue Service (IRS) is the federal government’s revenue collector and benefits administrator. Yet with Congress inclined to run virtually every function of the government through the tax code in some form, the agency is equivalent to the central processing unit of every electronic device on the planet. Read more.
Wisconsin Examiner: Tax Analyst Says Flat-Rate System Will Benefit Wealthy at the Expense of the Majority
January 26, 2023
The wealthiest Wisconsin residents already pay a smaller share of their incomes in state taxes than the rest of the population, and replacing the state’s current graduated-rate income tax structure with a flat tax would increase that disparity, a national tax expert says. Read more.
Newsweek: The GOP’s 30 Percent Sales Tax Plan Is Tearing the Republican Party Apart
January 26, 2023
Republicans in the House of Representatives appear divided over a proposed national sales tax that would replace income taxes, with Democrats using the issue to attack the GOP. Read more.
Yahoo Money: The Fair Tax Act Aims to Abolish the IRS and Set a National Sales Tax. Here’s How It Would Work
January 25, 2023
Imagine this: Instead of paying federal taxes to the IRS, you pay them to your local cafe every time you buy a latte or to your supermarket when you make a grocery run — or to countless other businesses when you make purchases. Read more.
Yahoo News: Flat Income Taxes: Who Are the Biggest Winners and Losers?
January 25, 2023
From Kansas to Wisconsin to Nebraska, the conversation surrounding a flat tax has picked up as of late, with more state legislators pushing for as much. Read more.
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