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 29, 2021 USA TODAY: Biden cites left-leaning study that 55 of top U.S. companies paid no federal income taxes
The ITEP report was based on a review of annual financial records by the nation’s largest publicly traded companies for their most recent fiscal year. Wamhoff noted that Biden on… -
media mention April 29, 2021 Business Insider: Under Biden’s plan, the top 1% of Americans would pay an extra $100,000 in taxes every year
A new report from the Institute on Taxation and Economic Policy (ITEP) finds that only the highest-earning Americans would see their taxes change if President Biden’s proposed increases to the… -
media mention April 29, 2021 NBC News: How Biden’s taxes hit the richest but skip the suburban base
Biden’s capital gains tax increase would only take effect for people who make more than $1 million per year in total income. Many households with six-figure incomes could even see… -
media mention April 29, 2021 CNBC: Biden wants to raise $1.5 trillion by taxing the rich. Here’s how
The richest 1% of taxpayers, who have an average income of $2.2 million, would shoulder the burden of the tax hike, according to an analysis published by the Institute on… -
media mention April 29, 2021 Bloomberg: N.Y., New Jersey, California Hit Hardest by Biden Tax Changes
President Joe Biden’s plan to ramp up the income tax rate and capital gains tax rate as part of a $1.8 trillion stimulus plan would hit high-tax states like New… -
media mention April 28, 2021 Forbes: What’s in Biden’s American Families Plan?
ARPA expanded the CTC from $2,000 per child to $3,000 per child ages 6 to 17, and $3,600 for children under 6. The plan also gives the option of receiving… -
media mention April 28, 2021 The Center Square: New Jersey politicos want repeal of SALT cap, but report indicates it will worsen racial, wealth ‘inequities’
The ITEP analysis found that repealing “the SALT cap would worsen the racial income and wealth divides by primarily benefiting wealthy white households. It would also likely crowd out other,… -
media mention April 28, 2021 Washington Post: Fact-checking Biden’s 2021 address to Congress
In a report released in April, the left-leaning Institute on Taxation and Economic Policy (ITEP) concluded that 55 profitable companies in the Fortune 500 did not pay any federal income… -
media mention April 28, 2021 Bloomberg: Biden Targets $41 Billion Tax Break for Real Estate Investors
Simply put, that it unfairly benefits wealthier Americans who can afford to make large investments. Middle-class families, meanwhile, are never likely to own many assets outside their own homes and… -
media mention April 28, 2021 Salon: Key Democrats want to keep most of Trump’s corporate tax cut — and slash more taxes for the rich
Of course, many corporations pay no federal income taxes at all. The Trump tax cut doubled the number of companies that had an effective 0% tax rate, according to the… -
media mention April 28, 2021 89.3 WFPL: LG&E’s Parent Company Paid No Federal Taxes Last Year (Kentucky)
In a year when Kentuckians struggled to pay their utilities bills because of a global pandemic, Louisville Gas and Electric’s parent company paid nothing in federal taxes. PPL reported around… -
media mention April 28, 2021 MarketWatch: Some lower-tax states won big in the 2020 Census count. Are Americans moving to escape the taxman?
Carl Davis, research director at the Institute on Taxation and Economic Policy, a left-leaning think tank, sees the Census results quite differently. “I really don’t see a tax story here,”… -
media mention April 28, 2021 CBS News: Some middle-class families will have a tax rate of zero this year — or less
The stimulus checks, CTC and EITC programs are likely to provide a 33% boost to the pre-tax incomes of the poorest 20% of Americans — a $3,590 hike per family… -
media mention April 27, 2021 US News: Americans Are OK With Biden’s Spending Plans: Poll
Biden has repeatedly lamented that corporations do not pay their fair share of taxes, using legal loopholes to avoid taxes. A report earlier this month by the Institute on Taxation… -
media mention April 27, 2021 CNBC: Elizabeth Warren takes aim at FedEx, Nike, Amazon in push for corporate tax hike
FedEx and Nike were mentioned in an April report by the Institute on Taxation and Economic Policy as companies that recently paid little-to-no federal corporate income taxes. “The delivery giant FedEx zeroed… -
media mention April 27, 2021 CNBC: Calls to end $10,000 SALT deduction cap threaten Biden’s tax plan ahead of its release
In addition, most of the families that would benefit from doing away with the SALT cap would be wealthy white ones, according to a recent analysis from the left-leaning Institute on… -
media mention April 27, 2021 CBS Philadelphia: Child Tax Credit: How Much Money Can Parents Expect In Monthly Payments?
he Institute on Taxation and Economic Policy believes that households accounting for 83 million children would benefit to some degree. Anywhere from eight to 12 million children live in households… -
media mention April 27, 2021 Bloomberg: SALT Workarounds Spread to More States as Democrats Seek Repeal
A recent think tank report found that removing the cap without making other tax changes could compound the federal tax code’s disproportionate economic impact on Black and Latino families. Over… -
media mention April 27, 2021 CNN: Elizabeth Warren: US taxes are rigged in favor of Amazon, Netflix and other big companies
Despite reporting large pretax profits, at least 55 large corporations paid no federal corporate income tax in their most recent fiscal year, according to the Institute on Taxation and Economic… -
media mention April 27, 2021 CNBC: Elizabeth Warren takes aim at FedEx, Nike, Amazon in push for corporate tax hike
FedEx and Nike were mentioned in an April report by the Institute on Taxation and Economic Policy as companies that recently paid little-to-no federal corporate income taxes. “The delivery giant… -
media mention April 27, 2021 Footwear News: Sen. Elizabeth Warren: Nike and Amazon Should Be Hit With Higher Tax Rate
Early this month, a study from the Institute on Taxation and Economic Policy suggested that 55 U.S.-based companies — including Nike and FedEx — did not pay corporate income taxes… -
media mention April 26, 2021 Morning Call: PPL Corp. and other companies with Lehigh Valley ties paid zero U.S. taxes in 2020
Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy and co-author of the organization’s report, said PPL documents show the company made pre-tax U.S. income of… -
media mention April 26, 2021 Daily Kos: Democrats gave Americans a huge tax cut—just not the wealthiest ones
According to new estimates from congressional forecasters, Democratic tax cuts for low- to middle-income earners included in President Joe Biden’s relief plan could mean that people making less than $75,000… -
media mention April 23, 2021 Bloomberg: The Myth of the Middle-Class SALT Cap Victim
Once again, if you make well under $1 million a year and your tax rate really did go up from 2017 to 2018 because of the SALT cap, I’m not… -
media mention April 23, 2021 Washington Post: The Federal Government Is Losing Billions in Unpaid Taxes, in Part Due to Racial Disparities in the Tax Code
Drawing from a report by the nonpartisan Institute on Taxation and Economic Policy, Wyden said an estimated 80 percent of the individual benefits under the Trump administration’s tax cuts went…