Select Media Mentions
ITEP’s unique resources and capabilities enable it to give media outlets detailed information on how current and proposed state and federal tax policies affect the public.
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media mention August 14, 2022 NBC: Right-Wing Outcry Over IRS Funding Builds as Agency Workers Describe Shortages of Staff and Printer Paper
Inside the Internal Revenue Service, which is on the brink of a major funding infusion that Democrats and agency workers say is badly needed to boost efficiency and revenues, staffers… -
media mention August 14, 2022 Insider: The Inflation Reduction Act’s Tax on Stock Buybacks Isn’t a Perfect Solution to Close the Wealth Gap — But It’s a Step in the Right Direction
One last-minute addition to the IRA received relatively little attention, and it could stand to be one of the most transformative policies in the bill. Read more. -
media mention August 14, 2022 Common Dreams: ‘Biggest Win for Tax Fairness’ in Decades: Progressives Cheer Reforms in IRA, Demand More
Following House Democrats’ passage of the Inflation Reduction Act on Friday, progressives applauded the most significant changes to the federal tax code since 2017, when Republicans’ highly regressive and deeply unpopular Tax Cuts… -
media mention August 11, 2022 Washington Post: With Sinema’s Help, Private Equity Firms Win Relief from Proposed Tax Hikes
Senate Democrats agreed Sunday to protect firms owned by the private equity industry from a new minimum tax on billion-dollar corporations, bowing to pressure from Sen. Kyrsten Sinema (D-Ariz.), who… -
media mention August 11, 2022 Time: Some of America’s Largest Corporations Pay Zero Taxes. Here’s How Congressional Democrats Aim to Change That
Progressive Democrats have been grousing for what seems like eons about the fact that some of the nation’s wealthiest corporations avoid paying their fair share in taxes. This weekend, the… -
media mention August 11, 2022 Los Angeles Times: Tax Provisions May Be Democrats’ Most Unexpected Victory in the Inflation Bill
The budget reconciliation bill just passed by the Senate and heading for final congressional approval offers dramatic improvements in American policies aimed at fighting global warming and improving healthcare. Read more. -
media mention August 11, 2022 Washington Post: The Corporate Minimum Tax Could Hit These Ultra-Profitable Companies
The House is expected to approve the Inflation Reduction Act on Friday that includes a minimum tax rate of 15 percent on highly profitable companies — a levy that could hit… -
media mention August 11, 2022 U.S. News: What the Inflation Reduction Act Means for You
The Inflation Reduction Act requires certain large corporations to pay a minimum income tax of 15% and a 1% tax on stock buybacks. The bill also allocates an additional $80… -
media mention August 2, 2022 Bloomberg Tax Op-Ed: Manchin-Schumer Deal Takes Sensible Aim at Corporate Tax Dodging
Revenue-raising provisions in the Inflation Reduction Act would bring long-overdue fairness to a tax system that for decades has been eroded by special breaks for the powerful and well-connected, says… -
media mention July 28, 2022 The Washington Post: How the Schumer-Manchin Climate Bill Might Impact You and Change the U.S.
“This would certainly be the biggest corporate tax increase in decades,” said Steve Wamhoff, a tax expert at Institute on Taxation and Economic Policy. “We’ve had decades of tax policy… -
media mention July 28, 2022 Reuters: Biden Pledge to Tax Wealthy, Companies Revived with Manchin-Led Bill
Biden said during a speech on Thursday that the deal would “for the first time in a long time begin to restore fairness to the tax code – begin to… -
media mention July 5, 2022 CNBC: Millions of Calif. families to get ‘inflation relief’ stimulus checks of up to $1,050
Democratic California Gov. Gavin Newsom and Democratic legislative leaders agreed on a $17 billion relief package that includes $9.5 billion in inflation relief funds. Those estimated 23 million California taxpayers will receive… -
media mention June 14, 2022 Bloomberg Tax: Flat Income Tax Revival Draws Sharply Mixed Reviews (Podcast)
With cash cushions plump with federal pandemic relief dollars and a surge in tax revenues, state legislatures across the country have cut taxes aggressively this year. But several states went… -
media mention June 2, 2022 TheStreet.com: Amazon’s Biggest Rival Isn’t Walmart, It’s Congress
Over that period the company paid $1.9 billion in U.S. corporate income taxes, according to a 2021 analysis by the Institute on Taxation and Economic Policy. Those payments gave Amazon… -
media mention June 2, 2022 Wall Street Journal: States Help Business Owners Save Billions in Federal Taxes
“That’s logical from any individual state’s perspective, but in the big national scheme of things, it’s hard to see how this is a good thing,” said Carl Davis, research director… -
media mention June 2, 2022 Bloomberg: Some States Are Offering Sales Tax Holidays for Shoppers in 2022
Last year, sales tax holidays cost states and local governments more than $550 million in lost revenue—that’s according to an Institute on Taxation and Economic Policy (ITEP) survey of cost… -
media mention May 17, 2022 The New York Times: State Lawmakers, Step Up and Govern
Below is an excerpt of a letter to the editor by Aidan Davis: The overarching theme that ties most of them together is that they are a default reaction among… -
media mention May 17, 2022 The Hill: Biden, Bezos Feud Escalates
Between 2014 and 2018, Bezos reported $4.22 billion income and paid $973 million in taxes. In that period, the Amazon founder and then-CEO’s wealth grew by $99 billion, according to… -
media mention May 16, 2022 MarketWatch: Jeff Bezos accuses Biden of ‘misdirection’ over inflation causes and solutions
A report earlier this year said Amazon avoided paying about $5.2 billion in corporate income taxes in 2021 as it reported record profits. The report by the Institute on Taxation and… -
media mention May 10, 2022 CNN: Fact-checking the Biden vs. Rick Scott argument over Scott’s tax proposal
Another analysis, from the left-leaning Institute on Taxation and Economic Policy think tank, tested a different hypothetical policy that would satisfy Scott’s proposal to have all Americans pay some income… -
media mention May 10, 2022 Washington Post: Corporate America takes first battle over future of Trump tax cuts
“That’s a fair trade,” said Frank Clemente, executive director of Americans for Tax Fairness, a left-leaning group that has along with the Institute on Taxation and Economic Policy voiced opposition… -
media mention May 10, 2022 The Center Square: States That Legalized Marijuana Are Bringing in More Tax Revenue on Marijuana Sales than Alcoho
A majority of the states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales. The first two states to legalize pot… -
media mention May 9, 2022 Politico: Checking for research opposition
The progressive Institute on Taxation and Economic Policy followed up with a post shortly thereafter, calling it an “incredible reversal” that Democrats would consider a net corporate tax cut in… -
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…