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 jon@itep.org.
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media mention June 4, 2021 Bloomberg: Hedge Funds, Tech Spur Texas Wealth Boom as California Fades
The growth comes with headaches. Traffic is getting worse and public transportation is limited. The influx of people is driving up housing prices, forcing up the cost of living by… -
media mention June 4, 2021 The Week: Biden’s new $1 trillion infrastructure offer reportedly swaps in 15 percent minimum corporate tax for tax hike
“Corporations have paid a declining share in federal taxes since the 2017 GOP tax law dramatically slashed the corporate tax rate,” the Post reports, and 55 Fortune 500 corporations paid… -
media mention June 4, 2021 CBS News: Biden emphasizes taxes on richest companies to fund infrastructure proposal
“Unless you think corporations shouldn’t pay any tax at all — and we’ll leave that to others to speak to — then there should be a way to find a… -
media mention June 3, 2021 Business Insider: Biden offers to ditch his rollback of Trump-era tax cuts in major infrastructure concession to GOP
Instead, Biden put forward a 15% minimum corporate tax as a possible solution, a levy that would be squarely aimed at corporations paying little to no taxes. The president has… -
media mention June 3, 2021 Washington Post: Biden offers tax concession in infrastructure talks with key Republican
Members of both parties have expressed concern with the number of large corporations paying little to nothing in federal income taxes. Fifty-five corporations in the Fortune 500 paid no federal… -
media mention May 28, 2021 Vox: You should be suspicious of benevolent big business
Amazon, like a lot of big companies, is good at keeping its tax bill low. In some recent years, it’s paid zero federal income tax; it’s managed to pay very… -
media mention May 22, 2021 Phoenix Business Journal: Arizona flat tax proponents point to survey showing residents’ support
The Republic also reported that an Institute on Taxation and Economic Policy analysis found that 20% of Arizona taxpayers would get 91% of the reductions. The report said the switch… -
media mention May 22, 2021 NJ.Com: Live in N.J.? You’ll pay more in taxes over a lifetime than anywhere else, study says
Five states, including New Jersey, would be the only states where more than 1% of their taxpayers would face a higher tax bill under Biden’s proposals, according to the progressive… -
media mention May 21, 2021 The Arizona Republic: Gov. Doug Ducey’s flat-tax plan is an oh-so-sweet deal for Arizona’s upper crust
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media mention May 20, 2021 KOIN: ‘Nike, just pay it’: Ad tells Nike to pay federal tax
“Last year you made $2.9 billion in profit but paid zero federal income tax,” the ad states. “Nike, thanks to your ads, I’m unstoppable. I have power. I am a… -
media mention May 19, 2021 CNBC: Taxes would likely rise for the wealthy regardless of Biden’s plans
Two-thirds of taxpayers in the top 1% would see their taxes increase as a result of the Biden proposal, according to the Institute on Taxation and Economic Policy. (This group… -
media mention May 19, 2021 Vice: These 55 Companies Kick Ass at Avoiding Taxes. Congratulations!
That’s exactly what many big corporations did this year, once again. At least fifty-five companies managed to book a combined total of more than $40 billion in pre-tax profits in… -
media mention May 17, 2021 The Guardian: Millionaires who support taxing the rich protest in front of Jeff Bezos’s homes
Bezos has said he supports raising the corporate tax rate. But Amazon has long been the subject of protests about tax avoidance. According to calculations by the progressive Institute on… -
media mention May 17, 2021 AZ Central: Flat tax plan could decimate Arizona revenue, benefit a few. Don’t buy it
This is not a tax plan that will benefit most Arizonans. According to an analysis of the plan by the Institute on Taxation and Economic Policy, 53% of the tax… -
media mention May 16, 2021 Business Insider: Jeff Bezos’ support for Biden’s corporate tax hike means nothing if Amazon can still dodge paying their fair share in taxes
This number should not come as a shock; some of the most profitable companies – often those that represent the future of the economy – have long looked for ways… -
media mention May 16, 2021 Mississippi Today: Mississippi could help long-neglected poor with Rescue Plan payments
For instance, those earning less than $16,100 pay 10.2% of their income on state and local taxes, primarily because of Mississippi’s high sales tax rate, which includes the 7% tax… -
media mention May 15, 2021 Associated Press: IRS to the rescue? Tax audits eyed for infrastructure cash
The Internal Revenue Service has estimated the tax gap is $440 billion per year. But IRS Commissioner Charles Rettig stunned his audience at a recent Senate hearing when he offered… -
media mention May 14, 2021 Jacobin: In Washington State, the Left Won a Major Victory for Taxing the Rich
Last week, Washington State passed a capital gains tax aimed at the state’s ultra-wealthy. The tax is historic because Washington, despite its progressive reputation, until now had the worst tax… -
media mention May 11, 2021 The New York Times: How to collect a trillion dollars
It’s difficult to quantify just how much money goes uncollected each year, officials say. Corporate tax collections in the U.S. are “at historic lows and well below what other countries… -
media mention May 11, 2021 Commonwealth Magazine: Mass. delegation not jumping on SALT bandwagon
The politics of SALT are tricky. While the SALT deduction benefits a wide swath of taxpayers across many states, the biggest beneficiaries tend to be wealthy people with big homes… -
media mention May 11, 2021 Toledo Blade: Ohio urged to spend surplus on children, pregnant women
A study by the Institute on Taxation and Economic Policy for Policy Matters estimates that those making between $40,000 and $61,000 a year would on average see a $7 reduction… -
media mention May 7, 2021 NBC Chicago: Child Tax Credit: Parents Must File Tax Returns by May 17 Deadline to Qualify
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. In addition,… -
media mention May 5, 2021 WFAE: Duke Energy Among 55 Companies That Paid No U.S. Taxes Last Year
An analysis by the Institute on Taxation and Economic Policy, a progressive think tank, finds that Duke and other large companies used lower tax rates and tax incentives to eliminate… -
media mention May 5, 2021 The Motley Fool: Stimulus Check Update: Direct Payments Worth $3,600 May be Headed Your Way Soon
There are also restrictions to who you can claim under the expanded child tax credit. In order to claim your child or children, you must: Have a valid Social Security… -
media mention May 5, 2021 Forbes: President Biden’s Capital Gains Tax Plan
So, what’s the problem? What could be the downside of raising the taxes on a small portion of Americans to help needy children and kids go to college? Just 0.7%…