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 April 20, 2021 Associated Press: Should states set pot policy by its potency? Some say yes
Potency taxes have an upside for states: more stable revenue than sales taxes, says Carl Davis of the Institute on Taxation and Economic Policy, a progressive think tank. That’s because… -
media mention April 20, 2021 The Washington Post: Biden Wants to Crack Down on Corporate Tax Loopholes, Resuming a Battle His Predecessors Lost
More than 60 percent of U.S. multinationals’ reported foreign income is booked in seven small countries that promise to only nibble at corporate profits, about twice the share as in… -
media mention April 18, 2021 New York Times: Make Tax-Dodging Companies Pay for Biden’s Infrastructure Plan
American companies and companies that make money in the United States are not paying enough money in taxes. Even as profits have soared, tax payments have declined. Fifty-five of the… -
media mention April 15, 2021 Jacobin: Never Trust a CEO Who Says They Want to Help
Meanwhile, at least twelve corporate members of the Business Roundtable paid nothing in federal taxes last year, according to the advocacy group Patriotic Millionaires’ review of data compiled by the… -
media mention April 15, 2021 Washington Post: Biden proposals may not guarantee all Fortune 500 corporations pay federal income taxes, experts say
Of the 55 corporations that did not pay federal income taxes in 2020, only five had more than $2 billion in net income, according to the report by the Institute… -
media mention April 15, 2021 Washington Post: Opinion: Americans are liberals on taxes, living under a conservative system
When you combine all the kinds of taxes people pay, you see the system is almost flat. As this report from the Institute on Taxation and Economic Policy shows, in… -
media mention April 15, 2021 Los Angeles Times: Column: California Democrats have a chance to flex some muscle and work to restore deductions for taxpayers
Standard deductions were nearly doubled and so were child credits. Importantly for many upper-middle-class Californians, the alternative minimum tax was significantly lowered. The Institute on Taxation and Economic Policy reports… -
media mention April 14, 2021 The News-Gazette: Jim Dey | Once scourge of rich, governor’s now their defender
That’s one reason why, in his letter to Biden, Pritzker & Co. ignored higher earners, complaining that “middle class Americans are struggling under this federal tax burden.” That’ s just… -
media mention April 14, 2021 City & State (NY): Correcting disinformation about the excluded workers fund
Technically, no employee in New York pays into unemployment as it’s a tax on employers, but their employment is what leads to the pay-ins. While it’s impossible to know whether… -
media mention April 14, 2021 Nonprofit Quarterly: Pressure to Tax Corporations Rises as Infrastructure Gaps Come into Full View
The bottom line: As research conducted by the Institute on Taxation and Economic Policy (ITEP) illustrates, at least 55 major US corporations that had a combined total of $40.5 billion… -
media mention April 14, 2021 420 Intel: Considering Opportunities for the Upcoming Federal Taxation of Cannabis
According to the Institute on Taxation and Economic Policy, “state and local excise collections on retail cannabis sales surpassed $1 billion for the first time in 2018.” This rapid growth… -
media mention April 14, 2021 Common Dreams: Jayapal Calls for Crackdown on Wealthiest After IRS Chief Says Tax Evasion Costs US $1 Trillion a Year
Furthermore, another recent study by the Institute on Taxation and Economic Policy (ITEP) showed that 55 U.S. corporate giants paid $0 in federal income taxes last year, and 26 of… -
media mention April 14, 2021 The Cap Times: Plain Talk: It’s time to fix America’s infrastructure — and make corporations help pay for it
The Institute on Taxation and Economic Policy, a Washington-based research group that keeps tabs on such things, reported earlier this month that at least 55 of America’s largest corporations paid… -
media mention April 14, 2021 Wealth Management: What CRE Opportunities Await if the American Jobs Plan is Enacted?
Some in corporate America are critical of Biden’s proposed plan because it would be paid for raising the corporate tax rate from 21 percent to 28 percent. Nevertheless, corporations would… -
media mention April 14, 2021 Willamette Week: Nike’s Tax Bill in Oregon Is a Secret. We Asked Three Analysts to Make an Estimate.
The breakdown of that percentage among states is impossible to know, [Matthew Gardner, ITEP Senior Fellow] says, especially considering not every state has the same single-factor corporate tax structure that… -
media mention April 13, 2021 The Commercial Appeal: FedEx CEO: Don’t raise corporate taxes to pay for Biden’s infrastructure plan
The Institute on Taxation and Economic Policy published the report earlier this month, saying FedEx had an effective tax rate of minus -12.8% from 2018 to 2020. The report cited… -
media mention April 13, 2021 CNBC: New $3,000 Child Tax Credit to Start Payments in July, IRS Says
About 83 million children live in households that would benefit from the expansion of the child tax credit, according to a study from the Institute on Taxation and Economic Policy.… -
media mention April 12, 2021 The Guardian: US CEOs think Biden’s corporate tax rate hike will have negative impact – survey
A report released earlier this month from the progressive Institute on Taxation and Economic Policy found that at least 55 of America’s top companies, including FedEx and Nike, paid no… -
media mention April 12, 2021 CNBC: Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes
A report by the Institute on Taxation and Economic Policy says FedEx “zeroed out its federal income tax on $1.2 billion of U.S. pretax income in 2020 and received a… -
media mention April 12, 2021 Forbes: 98% Of CEOs Say Biden’s Corporate Tax Rate Hike Will Hurt Their Companies, According To Survey
55. That’s how many major U.S. companies—all part of either the Fortune 500 or the S&P 500 index—that paid no corporate income tax in 2020 thanks to credits and deductions,… -
media mention April 12, 2021 MSNBC: Corporate taxes can’t stay low while America crumbles
There’s no question that the tax code is extremely generous to big business. A recent report from the Institute on Taxation and Economic Policy found that despite being profitable last… -
media mention April 11, 2021 The Hill: White House sends mixed message on higher taxes
According to a report released Thursday by the left-leaning Institute on Taxation and Economic Policy (ITEP), the personal income tax increases in Biden’s campaign plan would impact only 1.9 percent… -
media mention April 11, 2021 The Sacramento Bee: Rich Californians have most to gain if Congress lifts cap on local tax deductions, report says
State residents earning more than $992,800, California’s wealthiest 1%, could see an average savings of $98,650 in 2022, according to data from the Institute on Taxation and Economic Policy, a… -
media mention April 11, 2021 The Hill: Democrats see political winner in tax fight
As ammunition, Democrats are pointing to a recent report from the Institute on Taxation and Economic Policy, a progressive think tank, which found that 55 of the nation’s largest corporations… -
media mention April 10, 2021 CNN: Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much
Amazon (AMZN) isn’t doing anything illegal or improper — or unusual. Few corporations pay 21% of their reported pre-tax earnings in corporate income tax. That’s because there are many ways…