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 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. -
media mention April 12, 2022 Quartz: What’s in store for empty downtown office buildings?
Even as business districts start to recover, Gallup estimates that 37% of current office space in the US is likely to be abandoned as workers switch to remote work. That… -
media mention April 11, 2022 Wall Street Journal: Raise Residential Taxes? Bring in Casinos? Cities Look at Ways to Bolster Budgets
“Though magnitudes vary somewhat across cities, all face significant fiscal risks,” the Institute on Taxation and Economic Policy, a Washington, D.C., think tank, said in a November report that looked… -
media mention April 11, 2022 Wall Street Journal: Cities Look at Ways to Bolster Budgets
“Though magnitudes vary somewhat across cities, all face significant fiscal risks,” the Institute on Taxation and Economic Policy, a Washington, D.C., think tank, said in a November report that looked… -
media mention April 6, 2022 Washington Post: Want to really fix Virginia’s standard deduction? Index it.
On that topic, the Institute on Taxation and Economic Policy wrote: Any feature of an income tax that is based on a fixed dollar amount will be vulnerable to inflationary… -
media mention April 6, 2022 Fox News: Rep. Ro Khanna concerned student loan debt could be a hurdle to raising children, buying homes
“How is it that some corporations are paying zero percent tax?” Khanna said. “We can make sure that people who are very, very wealthy are paying at least 20%. That… -
media mention March 31, 2022 The Nation: Biden’s Billionaire Tax Is Smart Politics for the Midterms
Right now, über-billionaire Elon Musk enjoys a tax rate of 3.27 percent, while Amazon’s Jeff Bezos pays 0.98 percent, according to a 2021 ProPublicareport. Getting them to pay 20 percent… -
media mention March 31, 2022 Bloomberg: Did You Pay Your ‘Fair Share’ of Federal Income Tax This Year?
And according to the Institute on Taxation and Economic Policy, the impact would have a definite geographic tilt. The states where more than 40% of residents would face tax increases… -
media mention March 30, 2022 WVTF Radio: A gas tax holiday may not lead to savings for Virginia drivers
About a third of the savings will go to the oil industry, according to research into how this worked when Indiana and Illinois had a gas tax holiday. But that… -
media mention March 29, 2022 Associated Press: How Would a Billionaire Tax Work?
Steve Wamhoff, director of tax policy at the Institute on Taxation and Economic Policy, says the Democrats “have got this reconciliation vehicle that they can use that to pass legislation.”… -
media mention March 29, 2022 MarketWatch: Can Biden turn his ‘billionaire minimum income tax’ into law?
The minimum tax payments would count as a “prepayment,” credited against future capital-gains taxes, the Treasury Department said. That way, when the asset was finally sold off, it would not… -
media mention March 29, 2022 Fortune: President Biden says his ‘Billionaire Minimum Income Tax’ would raise $360 billion. How does it work?
The highest likelihood is through “reconciliation” — a budget process for passing fiscal legislation with a simple majority of Senate votes. That will require buy-in from West Virginia Sen. Joe… -
media mention March 28, 2022 New York Times: What Retirement Means for Your Taxes
Many states exempt retirement income, although the specifics vary widely. Eight states have no personal income tax, but among those that do, about three-quarters fully exempt Social Security benefits from… -
media mention March 15, 2022 CBS News: These states may soon slash their residents’ income taxes
Georgia’s House recently approved a bill that would create a flat state income tax with a 5.25% rate, raise the amount of income exempt from taxation and eliminate many deductions.… -
media mention March 15, 2022 CNBC: Eligible Taxpayers Can Claim Earned Income Tax Credit in These States
President Joe Biden called for making these changes permanent in the American Families Plan, which could provide $12.4 billion to families in 2022, affecting 19.5 million workers, according to research… -
media mention March 14, 2022 Washington Post: Congress urges DOJ, Treasury to examine drug companies aiming to turn opioid settlements into tax breaks
There is uncertainty in the law about these types of tax breaks, said Matthew Gardner, a senior fellow at the nonprofit Institute on Taxation and Economic Policy. Though recent changes… -
media mention March 14, 2022 MSNBC: Putting a price tag on Rick Scott’s proposed GOP tax hike
About a week later, the Institute on Taxation and Economic Policy produced a related report that found, under the GOP senator’s vision, most of the tax increases “would be paid…