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 November 8, 2021 New York Post: At least 18 billionaires got COVID stimulus checks, report claims
The Institute on Taxation and Economic Policy, a left-leaning think tank, called ProPublica’s findings a “disgrace” that shows “why we need real tax reform.” Read more -
media mention November 8, 2021 The Washington Post: Biden’s minimum tax proposal could hit these ultra-profitable corporations
In 2020, 55 profitable corporations paid no federal income tax, according to an analysis by the Institute on Taxation and Economic Policy, a progressive think tank. Biden noted the statistic while… -
media mention November 8, 2021 Star-Ledger: On SALT, Dems push tax relief for the rich, not the middle class
It’s true: Eliminating the limit on the SALT deduction would be more costly than the other parts of Biden’s social spending agenda, including the extension of the child tax credit,… -
media mention November 8, 2021 1945: How Is This Possible? Billionaire George Soros Received A Stimulus Check
In response to the eye-opening findings, the Institute on Taxation and Economic Policy tweeted: “This disgrace is why we need real tax reform.” Read more -
media mention November 5, 2021 CBSNews.com: At least 18 billionaires got federal stimulus checks, report says
“This disgrace is why we need real tax reform,” the Institute on Taxation and Economic Policy, a left-leaning think tank, said on Twitter about the findings. Read more -
media mention November 3, 2021 Washington Post: Democrats look at expanding minimum tax on wealthy in exchange for state and local tax break
“The majority of benefits from repealing the SALT cap just go to the 1 percent,” said Steve Wamhoff, a tax expert at the Institute on Taxation and Economic Policy. “If… -
media mention November 3, 2021 Newsmax: Dems Consider Upping Minimum Tax on Rich in Exchange for SALT Deduction Cap
Steve Wamhoff, an expert on taxes with the Institute on Taxation and Economic Policy, said that “the majority of benefits from repealing the SALT cap just go to the 1… -
media mention October 30, 2021 CNBC: Democrats still weighing changes to limit on state and local taxes deduction
One proposal, for example, removes the cap for 2022 and 2023 and restores it for 2026 and 2027, after it’s scheduled to sunset per the Tax Cuts and Jobs Act.… -
media mention October 28, 2021 Wall Street Journal: Corporate Minimum Tax Resurfaces
But there is little evidence that immediate expensing significantly encourages more investment, said Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, a progressive… -
media mention October 28, 2021 Business Insider:Biden Stock Buyback Tax: What to Know About the Latest Proposal
The plan aims to collect taxes from companies that dodge most of the 21% corporate tax rate. Companies including Amazon, Nike, and FedEx have avoided paying federal taxes for years through a… -
media mention October 28, 2021 The Wall Street Journal: Biden Stock Buyback Tax: What to Know About the Latest Proposal
Supporters of the buyback tax acknowledge companies can instead shift spending to regular or special dividends, which would be taxed to the recipients. “Isn’t that the issue with stock buybacks?”… -
media mention October 28, 2021 The Hill: Tech billionaires in the crosshairs of new tax proposals
The proposal is aimed at preventing large corporations from paying zero in federal income taxes. According to the left-leaning Institute on Taxation and Economic Policy, at least 55 large U.S. corporations paid… -
media mention October 28, 2021 Forbes: Salesforce Billionaire Marc Benioff Pledges $200 Million For Reforestation, Climate Entrepreneurs
Benioff, 57, and his wife have in the past supported health care in San Francisco, donating $200 million since 2010 to U.C. San Francisco’s children’s hospitals. Salesforce, which is based… -
media mention October 28, 2021 The Economist: The Democrats target companies with giant profits but tiny tax bills
The structure of the minimum tax looks simple enough. Companies that report more than $1bn in profits to shareholders would pay a tax of at least 15% on those profits.… -
media mention October 27, 2021 The Hill: Overnight On The Money — Senate Democrats lay out their tax plans
The background: The proposal is aimed at preventing large corporations from paying zero in federal income taxes. According to the left-leaning Institute on Taxation and Economic Policy, at least 55 large… -
media mention October 22, 2021 Bloomberg: How Democrats Could Tax Companies More—Without Undoing Trump’s Tax Cuts
However, Democrats would need to take a much more aggressive approach if they want to raise revenue to cover some of the gap from a company, according to Steve Wamhoff,… -
media mention October 22, 2021 Marketwatch: As Democrats’ tax proposals evolve, the outlook for the super-rich is improving
“There is no doubt that wealthy people are talking Democratic lawmakers into doing things that are not popular with the American public,” said Steve Wamhoff, director of federal tax policy… -
media mention October 21, 2021 Business Insider: Biden roasts 55 companies like Nike and FedEx for paying less in taxes than the price of a cup of coffee
To make the case, he’s referencing one of his favorite talking points when it comes to the corporate tax: Multinational corporations who paid $0 in income taxes. An April report… -
media mention October 21, 2021 The Washington Post: Biden’s favorite stat — that 55 major corporations paid no federal income tax
The number comes from a report issued in April by the left-leaning Institute on Taxation and Economic Policy (ITEP). The group studied the corporate filings with the Securities and Exchange… -
media mention October 19, 2021 Barrons: Even Scaled Back, Biden’s Tax Reforms Would Reshape Business
Following is an excerpt of an opEd by ITEP Executive Director Amy Hanauer: Despite the drama about getting majorities of lawmakers to support it, the tax bill before Congress right… -
media mention October 13, 2021 Fast Company: Is the Global Minimum Tax Enough?
The result of many months of negotiations, the decision means companies doing business abroad will have to pay a minimum tax of 15% on their overseas profits, leaving little advantage… -
media mention October 12, 2021 McClatchy: Biden’s spending plan has big income tax changes. Here are the Californians who would benefit
Chief beneficiaries of tax cuts would be parents and very low-income workers without children who are among the lowest 20% of income earners, which means those making less than $29,100… -
media mention October 12, 2021 Brinkwire: Update on the IRS Child Tax Credit for 2021
Only kids with Social Security numbers are eligible to claim the tax credit, CNBC reports. So, some lawmakers have proposed to allow kids with individual taxpayer identification numbers (ITIN) to receive the… -
media mention October 10, 2021 Associated Press: How US states help rich foreigners shield assets
The Pandora Papers revealed how hundreds of politicians, celebrities, religious leaders and drug dealers have used shell companies and trusts to hide their wealth and investments. “The Pandora Papers is… -
media mention October 8, 2021 Associated Press: ‘Pandora Papers’ bring renewed calls for tax haven scrutiny
“The Pandora Papers is all about individuals using secrecy jurisdictions, which we would call tax havens, when the goal is to evade taxes,” said Steve Wamhoff, director of federal tax…