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 August 24, 2021 Newark Star-Ledger: U.S. House paves way to increase property tax breaks after delay spurred by N.J. Democrat
The Institute on Taxation and Economic Policy, a progressive research group, said 80% of the 1.9 million New Jerseyans who would benefit from removing the cap had an average income… -
media mention August 20, 2021 The Motley Fool: Low-Income Americans Will Get an Average of $3,590 in Stimulus Money in 2021
According to the Institute on Taxation and Economic Policy, the lowest-earning Americans will receive more financial relief this year than some of their higher-earning counterparts. Specifically, those who have a… -
media mention August 19, 2021 Mississippi Today: Mississippi tax laws place higher burden on people of color
“Black households pay an average of 8.7% of their income in state and local tax while Hispanic families pay 9.1%,” according to a recently released study by non-profit One Voice,… -
media mention August 17, 2021 CNBC: States boost earned income tax credits for pandemic relief
President Joe Biden proposed 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 from the Institute on… -
media mention August 13, 2021 Motley Fool: Middle-Class Americans Will Get an Average of $2,910 in Stimulus Money in 2021
Although there’s no specific data detailing exactly how much stimulus money people within this income range will receive on average, the Institute on Taxation and Economic Policy found that those… -
media mention August 13, 2021 Yahoo! Finance: Silence from congressional liberals as Democrats move toward SALT tax cut for wealthy
The issue has made odd bedfellows of Republicans and some Democrats, with the liberal-leaning Institute on Taxation and Economic Policy blasting a repeal as “inequitable.” ITEP found that if the… -
media mention August 13, 2021 CNBC: Biden’s boost to the earned income tax credit may trigger a ‘marriage penalty’
A worker without children may receive up to $1,502 in 2021, nearly triple the former benefit, and President Joe Biden proposed making the changes permanent in the American Families Plan. If that happens… -
media mention July 29, 2021 Motley Fool: Stimulus Check Update: Most Americans Will Get an Average of $3,450 in Stimulus Money in 2021
In fact, an analysis from the Institute on Taxation and Economic Policy recently revealed that the value of federal stimulus dollars averages $3,450 for the bottom 60% of earners in… -
media mention July 29, 2021 Fortune: Newsletters, Bull Sheet
39. That’s the number of profitable S&P 500 and/or Fortune 500 companies who paid no federal income tax from 2018 through 2020—the first three years that the Trump administration’s Tax… -
media mention July 29, 2021 Common Dreams: 73 Major Corporations Paid Just 5.3% Federal Tax Rate Between 2018 and 2020: Report
Thirty-nine U.S. corporations reaping over $120 billion in profits between 2018 and 2020—the first three years of the so-called “GOP tax scam”—paid no net federal income tax, or claimed refunds… -
media mention July 28, 2021 Salon: Elizabeth Warren cornered by billionaire: “I shouldn’t get Social Security”
According to the senator’s website, the law would require that corporations making over $100 million in yearly profits would pay a 7% tax on any money made after the $100… -
media mention July 27, 2021 CNBC: Stimulus checks and child tax credit payments help prompt calls to expand another credit benefitting workers
The stimulus checks and monthly child tax credit payments have helped increase the understanding of how money can serve as a tool to help people who are struggling, he said.… -
media mention July 26, 2021 Fox: Here’s how much taxpayers can get in added federal benefits
The average American in the lowest 20% of income earners has the potential to collect a total of $3,590 from a combination of direct payments, the expanded Child Tax Credit… -
media mention July 23, 2021 CNBC: Between stimulus checks and expanded tax credits, here’s how much federal money you could get
Between cash hitting bank accounts — in the form of stimulus payments and advance child tax credits — and the expanded earned income tax credit, the value is an average… -
media mention July 22, 2021 CNBC: Between stimulus checks and expanded tax credits, here’s how much federal money you could get
t looks like the combination of stimulus checks and at least two expanded tax credits will be a boon to most U.S. households. Between cash hitting bank accounts — in… -
media mention July 21, 2021 Bloomberg: Intercompany Accounting—A Target For Tax Scrutiny
The IRS also feels significantly short-changed by dozens of big, profitable companies. Just as the Biden administration is pushing to raise corporate tax, a new study by the Institute on… -
media mention July 21, 2021 The Washington Post: Despite paying little or no income tax, some companies have big plans to profit from infrastructure deal
Jacobs was among 55 large companies included on an annual list of firms that don’t pay U.S. income taxes put together by the left-leaning Institute on Taxation and Economic Policy.… -
media mention July 16, 2021 Bloomberg: TurboTax Maker Intuit Opts Out of IRS Free File Program
Carl Davis, director of research at the Institute on Taxation and Economic Policy, said he supports such an idea. The shift would mean the IRS could work directly with taxpayers,… -
media mention July 15, 2021 Yahoo! Money: Millions of American families plan for ‘life-changing’ Child Tax Credit payments
“This is super targeted to lower income families,” Aidan Davis, senior policy analyst at the Institute for Taxation and Economic Policy (ITEP), told Yahoo Money. “The families that are being… -
media mention July 15, 2021 Newsweek: Joe Biden’s Stimulus Is Financing GOP’s Billionaire Tax Cuts
“We saw that many states are using better-than-expected revenue outlooks as an excuse to cut personal and corporate income taxes,” Marco Guzman, state policy analyst at the Institute on Taxation… -
media mention July 14, 2021 Washington Post: As IRS audits waned, big businesses racked up unapproved tax breaks
One challenge for the IRS is that each company tends to interpret tax laws differently, says Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a… -
media mention July 8, 2021 Napa Valley Register: California’s progressive tax system proved its worth during the pandemic
In fact, the Institute on Taxation and Economic Policy reports that California’s tax system does the most of any state to alleviate inequality — while taxes in most states serve… -
media mention July 8, 2021 Politico: As Bezos called for tax hikes, Amazon lobbied to keep its tax bill low
“It’s very likely they’re getting hundreds of millions of dollars a year in R&D tax credits,” said Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy,… -
media mention July 8, 2021 New York Post: Jeff Bezos openly embraces tax hikes, but Amazon lobbied against them
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, who’s studied the tax habits of Amazon and other big companies, told Politico that Amazon is likely… -
media mention July 6, 2021 Yahoo! Finance: Biden’s tax plan would cost richest Americans an extra $1.5M next year, analysis finds
In all, the changes proposed by the Biden administration would generate about $88.4 billion in new tax revenue, according to a separate analysis conducted by the Institute on Taxation and Economic…