Institute on Taxation and Economic Policy

Select Media Mentions

The Street: U.S. Corporate Taxes Need to Go to Zero

December 17, 2012

by Chris Markowski March 10, 2012 On April 1, our ally Japan is playing a cruel little April Fools’ Day joke on us: The country is lowering its corporate tax rate from 39.5% to 35%. This will give the United States the dubious and awkward distinction of having, at 39.2%, the highest integrated federal/state tax […]

Montgomery Advertiser: Rally calls for end to state tax on groceries

December 17, 2012

by Brian Lynn March 15, 2012 Speakers at a State House rally Thursday said repealing the state’s sales tax on groceries and a federal income tax deduction would create tax equity and address looming budget shortfalls. “Asking the richest Alabamians to pay the same share as the rest of us is common sense,” said Kimble […]

The Columbus Dispatch: Still a good catch?

December 17, 2012

(Original Post) By  Tim Feran The Columbus Dispatch Sunday March 18, 2012 9:40 AM When Ohio offered Sears big money in hopes the retailer would relocate its headquarters to central Ohio, it seemed like a rare chance to snag an iconic American company. Sears dashed Ohio’s hopes in December by deciding to stay in Illinois. […]

Birmingham News: Alabama’s tax system is unfair and immoral, but lawmakers have yet to ease the burden on most families

December 17, 2012

(Original Post) Once upon a time six years ago, the Legislature, prodded by a governor and shamed by a tax study, actually took a baby step toward tax fairness. Lawmakers raised the nation’s lowest income tax threshold — the point at which people begin paying state income tax — from an embarrassingly low $4,600 a […]

Journal News: Gas taxes fail in their purpose

December 17, 2012

11:02 PM, Mar. 19, 2012 Written by A Journal News editorial Sunday’s report on gas taxes in New York helps codify the pain and anguish so many New Yorkers feel when they so much as drive by a gas station in the Empire State. “It’s outrageous,” declared Stephen Lester, whose quest for cheaper gas takes […]

Cincinnati Enquirer: Will lower income tax bring jobs to Ohio?

December 17, 2012

(Original Post) Kasich thinks so, but our taxes aren’t really so high8:02 AM, Mar. 22, 2012 Written by Paul E. Kostyu COLUMBUS — Lower Ohio’s burdensome personal income taxes. Create jobs. That’s what Gov. John Kasich proposed last week in an expansive plan to reform government and improve the state’s economy. Kasich said Ohio’s income […]

Lawrence World Journal: Brownback active in promoting agenda

December 17, 2012

(Original Post) By Scott Rothschild April 2, 2012 Tax-cut proposals harmful, group says The League of Women Voters of Kansas issued a news release critical of Gov. Sam Brownback’s tax-cutting plan as well as two major proposals in a House-Senate conference committee. All three plans reduce income tax rates and eliminate income taxes on nonwage […]

Kansas Reporter: Will KS plan cut taxes or just shift them?

December 17, 2012

Posted on Tuesday, April 03, 2012 By Gene Meyer | Kansas Reporter TOPEKA — Gov. Sam Brownback and state lawmakers say they want to cut income taxes. So what? tax mavens say. The state government will get its money. Somewhere. Somehow. “True tax reform has to be a combination of reduced tax rates and spending […]

Bluffton Today: Why demonize poor people?

December 17, 2012

(Original Post) Posted: April 4, 2012 – 12:23am By BARBARA KELLYLowcountry Liberal “A nation does not have to be cruel to be tough.” These words of Franklin Delano Roosevelt would be a good reminder for some in the Republican Party who have a new sport — demonizing poor people. In this time when the top […]

Salon: States shush corporate critics

December 17, 2012

(Original Post) Wednesday, Apr 4, 2012 7:45 AM Eastern Daylight Time From factory farms to home foreclosures, state governments are helping hide corporate wrongdoingBy David Sirota You can’t be outraged by — or fight back against — what you don’t know. At least that seems to be the theory behind a spate of new government-backed […]

Orlando Sentinel: Shamu the shrewd? SeaWorld sees record earnings – and no income tax

December 17, 2012

(Originial Post) 5:56 p.m. EST, April 4, 2012| By Jason Garcia, Orlando Sentinel SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its U.S. theme parks. Earnings set a company record. But SeaWorld won’t have to pay a dime in federal income tax. It will not have to […]

The Orlando Sentinel: SeaWorld an example of why people want tax laws changed

December 17, 2012

(Original Post) By Jason Garcia — The Orlando Sentinel Posted: 12:00am on Apr 9, 2012; Modified: 1:38am on Apr 9, 2012 ORLANDO, Fla. — SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its United States theme parks. Earnings set a company record. But SeaWorld won’t have to […]

The Hill: 26 top corporations paid subzero tax rate

December 17, 2012

(Original Post) By Bernie Becker – 04/09/12 07:52 PM ET Twenty-six Fortune 500 companies paid a tax rate of less than zero over a four-year span, according to a new study. The report from Citizens for Tax Justice and the the Institute on Taxation and Economic Policy updated an analysis released last year that found […]

PressTV: Fortune 500 companies make money from taxes

December 17, 2012

(Original Post) Instead of giving money to the government, it turns out more than a few U.S. companies are actually making money off their income taxes. In a recent report by the Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy, 26 of 30 Fortune 500 companies examined had negative income […]

The Examiner: Report shows profitable corporations paid no tax in 2011

December 17, 2012

(Original Post) April 10, 2012 Robert BowenEconomic Policy Examiner A new report released today shows that many very profitable corporations paid no federal tax in 2011. In fact, many received big taxpayer subsidies.  This news may not make the average middle class taxpayer feel great when they pay their taxes this week.Citizens for Tax Justice […]

Market Watch: Nearly 30 Fortune 500 companies dodge taxes since 2008

December 17, 2012

(Original Post) April 10, 2012, 2:02 PM Twenty-six Fortune 500 companies including General Electric and Boeing paid no net federal income taxes from 2008 through 2011, according to a new report from the left-leaning group Citizens for Tax Justice. Many of those companies avoided paying taxes by using a tax provision known as accelerated depreciation, […]

Tulsa World: Anti-tax group’s flawed ‘research’

December 17, 2012

LYNNE SHAW Published: 4/11/2012  2:24 AM Last Modified: 4/11/2012  3:53 AM What is the difference between serious statistical research and statistical manipulation? The foundation for all of the Oklahoma personal income tax proposals is one “study” done by the commercial and biased group of Arduin, Laffer and Moore Econometrics (ALME). Its work was published by […]

The Detroit News: Government is not the problem – nor is paying taxes for it

December 17, 2012

April 11, 2012 at 1:00 am By Gilda Z. Jacobs On a wintry February day, I woke up, showered and got ready to take my little dog, Jake, for his morning walk. It snowed during the night, and I was grateful that the snow had already been removed from the streets and sidewalks. Jake appreciated […]

International Business Times: 26 Big US Companies Paid No Federal Income Tax From 2008 To 2011

December 17, 2012

(Original Post) By Ashley Portero: April 11, 2012 11:20 AM EDT Twenty-six companies in the Fortune 500 paid no U.S. federal income over a four-year period, often through a corporate tax break that’s expected to cost the Treasury $37 billion in revenue between 2010 and 2014, according to a new corporate tax analysis from Citizens […]

ABC News: Report: 26 U.S. Companies Not Paying Federal Income Tax

December 17, 2012

(Original Post) By SUSANNA KIM (@skimm)April 11, 2012 In November, the liberal lobbying group Citizens for Tax Justice stirred controversy with a report highlighting 280 so-called corporate tax-dodgers, highlighting companies they said were paying under the 35 percent federal income corporate tax rate. This week, the group revised its list with new data and said […]

Huffington Post: The Facts About U.S. Corporate Taxes

December 17, 2012

(Original Post) You might have heard how the U.S. has just become “number one” in corporate taxation. The campaign to make this event news was led by the Business Roundtable, an association of CEOs that advocates for a lower corporate rate and a more “competitive” tax system. They cleverly used the day that Japan lowered […]

Newsday: New York should pass its Dream Act

December 17, 2012

(Original Post) Published: April 11, 2012 6:13 PMBy CARL HAYDEN Carl Hayden is former Regents chancellor and former chairman of the SUNY Board of Trustees. Undocumented young people are everywhere in our public schools. They pay tuition at our colleges and universities. Despite a persistent misperception, they and their parents pay taxes. Still, they are […]

John Hopkins News-Letter: Illegal immigration is not the problem

December 17, 2012

(Original Post) By NIKKO PRICE Published: Saturday, April 14, 2012 Updated: Friday, April 13, 2012 21:04 This week, the Christian Science Monitor reported that illegal immigration in the United States has hit a net zero for the first time in 50 years. The population of undocumented immigrants in the U.S. has fallen from 12 million […]

Greenwich Times: ‘Buffet Rule’ would hit Connecticut hard

December 17, 2012

(Original Post) Charles J. LewisPublished 06:18 p.m., Saturday, April 14, 2012 WASHINGTON — Many well-heeled Connecticut taxpayers are likely to pay close attention to how the state’s two senators vote Monday when the U.S. Senate considers the “Buffet Rule,” President Barack Obama’s bid to raise taxes on millionaires. Senators will take up legislation, dubbed the […]

Wall Street Journal: Taxes–Who Really Is Paying Up

December 17, 2012

(Original Post) Updated April 15, 2012, 12:08 a.m. ET By ANDREA COOMBES Do you pay your fair share in taxes? Even as President Barack Obama pitches the “Buffett rule” to ensure that millionaires pay at least a 30% tax rate, some commentators are decrying the fact that about half of U.S. taxpayers don’t pay any […]

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