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 March 1, 2022 CBS News: Fact check: Joe Biden’s State of the Union address
President Biden: “Last year, 55 of the Fortune 500 companies earned $40 billion in profit and paid zero in federal taxes.” Fact check: True. This statistic comes from the Institute… -
media mention February 25, 2022 Politifact: States’ Pursuit of Top-Heavy Tax Cuts Is Disconnected from Reality
Steve Wamhoff, the director of federal tax policy at the Institute on Taxation and Economic Policy, said that group includes many retirees or people with disabilities who are collecting Social Security benefits,… -
media mention February 25, 2022 The Guardian: ‘A really bad deal’: Michigan awards GM $1bn in incentives for new electric cars
Meanwhile, GM has recorded $70bn in profits since 2010 while taking $8bn in subsidies in recent decades – more than all but one company nationwide. The idea that it needed incentives to… -
media mention February 18, 2022 Yahoo! Finance: Young workers may see $800 more in their tax refunds this year
Many young workers may get an extra $820 in their tax refund this year because of the expansion of a key poverty-fighting credit, a new analysis found. The expanded Earned… -
media mention February 17, 2022 American Prospect: The Year of the Tax Cut
State lawmakers are also pointing to substantial, but temporary, budget surpluses to justify tax cuts, but these surpluses are “deceptive and fleeting,” says Neva Butkus of the Institute on Taxation… -
media mention February 16, 2022 USA Today: New rules for 2021 taxes may mean bigger refund for young workers, retirees with side jobs
More than 1 in 3 young adults – or more than 5 million people – would benefit from this change in the earned income tax credit, seeing an average of benefit… -
media mention February 10, 2022 Democracy Now!: Alabama Amazon Workers Vote in 2nd Union Election as Amazon Dodges $5 Billion in Taxes
Meanwhile, a new report found Amazon was able to dodge over $5 billion in federal income taxes in 2021. Amazon reported record revenue of $35 billion last year but benefited… -
media mention February 10, 2022 CNBC: 1 in 3 young adults will see an average $800 tax credit boost this year
For the 37% of workers 19 to 24 who are now eligible to receive the credit, the expansion will mean an average boost of $820, according to a study from… -
media mention February 4, 2022 Newsweek: States’ Pursuit of Top-Heavy Tax Cuts Is Disconnected from Reality
The following is an excerpt of an opEd by Aidan Davis, ITEP senior policy analyst, and Neva Butkus, policy analyst, published on Feb. 4 in Newsweek: One report after another… -
media mention February 3, 2022 CBS News: Millions of low-income Americans eligible for tax refund boost this year
Meanwhile, the bigger credit comes at a welcome time for many Americans, as roaring inflation consumes most of low-wage workers’ pay gains. “While these folks without dependent children may not… -
media mention January 25, 2022 Northern Kentucky Tribune: General Assembly’s proposed ‘shift and shaft’ tax policy no way for Kentucky to prosper
If Kentucky were to cut its income tax rate to 4%, it would have to raise the sales tax rate from 6% to 7.4% to make up the lost revenue,… -
media mention January 24, 2022 Inequality.org: Two Sides, Same Coin: Suppressing Votes, Cutting Rich People’s Taxes
But those surpluses, points out Institute on Taxation and Economic Policy analyst Neva Butkus, reflect a set of special circumstances that range from billions in federal Covid aid to changes in tax-filing… -
media mention January 24, 2022 The Street: The Top Corporate Tax Havens and Global Tax Reform
According to the Institute on Taxation and Economic Policy: FedEx (FDX) – Get FedEx Corporation Report zeroed out its federal income tax on $1.2 billion of U.S. pretax income and… -
media mention January 20, 2022 Idaho Press-Tribune: Who gets rebates, tax cuts under House bill
Idaho’s corporate income tax rate is a single rate of 6.5%; the bill would lower it to 6%. Necochea called that “throwing money out of the state,” citing figures from… -
media mention January 20, 2022 Quad City Times: Record $600M Idaho tax cut clears House, heads to Senate
An analysis by the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan tax policy organization based in Washington, D.C., found that the total tax benefits of the package for… -
media mention January 10, 2022 Exposed: Bradley and Koch Cash Fuels Push to Eliminate Wisconsin Income Tax
In addition, “sales taxes inevitably take a larger share of income from low- and middle-income families than from rich families because sales taxes are levied at a flat rate and… -
media mention January 3, 2022 CNN: We Can’t Afford to let Build Back Better Fail
The bill also has provisions to require corporations to pay their fair share of the nation’s tax bill. According to the Institute on Taxation and Economic Policy, 55 of the… -
media mention December 31, 2021 The Daily Beast: Joe Manchin Doomed the Child Tax Credit. Can States Save Kids Instead?
A 2019 report from the Institute on Taxation and Economic Policy suggested state-level CTCs are also a means for reducing “a myriad of inequities that are exacerbated by the tax… -
media mention December 23, 2021 CNBC: Some Americans may receive more stimulus money this tax season
Still, many America have money coming to them if they still have not received all that was due them from the three stimulus checks, or if they are eligible for… -
media mention December 21, 2021 Zero Hedge: American “Super Rich” Feel “Immense Relief” As ‘BBB’ Tax Hikes Are Canceled
Of course, a bunch of admittedly left-leaning economists say the Democrats’ plan would help “reduce inequality.” Though many of Democrats’ more radical tax proposals were scaled back or dropped in… -
media mention December 20, 2021 NBC News: Build Back Better demise ‘a crushing blow’ to child tax credit payments, advocates say
About 10 million children could sink into poverty or deeper into poverty if the credit is discontinued, according to CBPP. The poorest 20 percent in the U.S. would experience a… -
media mention December 20, 2021 Bloomberg: Super-Rich Americans Feel Relief as Tax Hikes Canceled for Now
Though many of Democrats’ more radical tax proposals were scaled back or dropped in negotiations, the bill would be “a meaningful step for reducing inequality,” said Carl Davis, research director… -
media mention December 18, 2021 CNBC: Parents Worry About the End of Monthly Child Tax Credit Payments
The lowest-income households will be hit the hardest. If the credit were continued through 2022, the poorest 20% of families would have seen a 35% income boost, according to a… -
media mention December 16, 2021 The Hill: Build Back Better is a chance to finally make corporate taxes line up better with profits
These planning opportunities have long helped to make corporate tax avoidance both incredibly successful and publicly infamous. Between 2018 and 2020, the Institute on Taxation and Economic Policy reports that 39… -
media mention December 16, 2021 Time: A Wonky Tax Break for the Well-Off Is a Bigger Problem for Democrats Than You’d Think
That’s because raising the cap on SALT deductions from $10,000 to $80,000, as prescribed in the House-passed version of BBB, would disproportionately help taxpayers rich enough to benefit from itemizing…