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 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… -
media mention December 16, 2021 McClatchy: Parents Are Receiving Their Final Monthly Child Tax Credits. Will Congress Bring Them Back?
Continuing the expanded credit in 2022 would mean these savings for California families with tax cuts next year, according to the Institute on Taxation and Economic Policy: — Less than… -
media mention December 10, 2021 Bloomberg: SALT Debate Forces Rich Americans to Confront Widening Tax Gap
Lawmakers in Arizona, Arkansas, Idaho, Iowa, Louisiana, Missouri, Montana, North Carolina, Ohio and Oklahoma have also approved cuts to their top personal income tax going into effect either this year… -
media mention December 9, 2021 USA Today: With inflation spiking, will states and voters give grocery taxes a second look?
Read more: https://www.usatoday.com/story/news/politics/2021/12/08/inflation-food-prices-grocery-taxes/8800601002/?gnt-cfr=1 -
media mention December 9, 2021 Arkansas Democrat-Gazette: Income tax cut bills roll through Arkansas House and Senate; steel plant incentive also meets approval
The state Democratic House Caucus held a news conference Wednesday morning to release several proposals that they said would be a better use of the $600 million a year that… -
media mention December 9, 2021 NJ.com: 96% of N.J. residents would get their full property tax break restored under this Senate plan
According to the progressive Institute on Taxation and Economic Policy, the Senate proposal would encompass 96% of New Jersey taxpayers. The higher cap for what is known as SALT would… -
media mention December 7, 2021 Tax Notes: Looking Ahead: State Tax Policy Trends To Watch Next Year
This pod cast features ITEP research director Carl Davis: https://www.forbes.com/sites/taxnotes/2021/12/07/looking-ahead-state-tax-policy-trends-to-watch-next-year/?sh=7f2a4ba02add -
media mention December 7, 2021 McClatchy: What would the Biden tax-break plan mean for your wallet?
Most families with children as well as taxpayers with higher six-figure incomes are the biggest California winners from the tax changes in the Biden administration’s Build Back Better plan so… -
media mention December 5, 2021 Washington Post: Treasury officials raised concerns about new minimum tax on corporations, key to Biden spending plan
The proposal gained traction among some liberals in recent years amid reports that 55 major corporations are effectively able to zero out their tax liability by aggressive use of tax… -
media mention November 24, 2021 CNN Business: This Tax Would Make Wealthy Corporations Pay Their Fair Share
Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal… -
media mention November 19, 2021 Forbes: How An $80,000 SALT Cap Stacks Up Against A Full Deduction For Those Making $400,000 Or Less
Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction. The House version of President… -
media mention November 19, 2021 The Washington Post: Who would pay more and less in taxes under the House bill
The millionaire’s surtax aims to raise taxes on wealthy Americans without touching rates. The alternative minimum tax for corporations aspires to accomplish a similar aim by raising money from profitable… -
media mention November 18, 2021 LGBTQ Nation: Joe Biden’s Build Back Better Act will give tax refunds to some same-sex couples
In 2013, the Supreme Court ruled in United States v. Windsor that the federal government must recognize LGBTQ marriages in states that had legalized marriage equality. Per that ruling, the… -
media mention November 18, 2021 Common Dreams: Elizabeth Warren Releases Blueprint to End ‘Free Ride’ for Tax-Dodging US Billionaires
According to the report—which is based on data Warren’s staff compiled from the Institute on Taxation and Economic Policy—although Amazon paid $2.8 billion in federal and foreign income taxes in… -
media mention November 18, 2021 New York Times: A proposed minimum tax would hit Amazon, Facebook and others, a report shows
“Giant corporations have figured out how to game the system so that the costs of running this country are borne by hardworking families while these big corporations scoop up all… -
media mention November 15, 2021 Newsweek: Families Could Get $1,800 per Child Tax Credit, but Must Register Now
The child tax credit was expanded under President Joe Biden’s American Rescue Plan in March in a bid to reduce child poverty. The Institute on Taxation and Economic Policy estimated… -
media mention November 12, 2021 Salon: Meet Tom Suozzi, the Democrat who wants tax cuts for the rich jammed into Build Back Better
Suozzi has for months pushed a total repeal of the cap, which would cost taxpayers about $85 billion per year, according to the nonpartisan Committee for a Responsible Federal Budget… -
media mention November 10, 2021 The Hill: Democrats at odds over SALT changes
The left-leaning Institute on Taxation and Economic Policy released an analysis finding that the House proposal would provide more of its benefits to households in the top 1 percent of… -
media mention November 8, 2021 PennLive: Several billionaires received federal direct relief payments, report says
Institute on Taxation and Economic Policy responded to the controversy via Twitter: “This disgrace is why we need real tax reform.” Tax reform is exactly what Democratic lawmakers have been advocating.…