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 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%… -
media mention May 4, 2021 OPB: Washington Gov. Jay Inslee signs capital gains tax into law even as legal challenges loom
While Democrats and Republicans came together around the tax credit, the capital gains tax fiercely divided the two parties. Throughout the legislative session, Democrats insisted a tax on capital gains… -
media mention May 4, 2021 New York Times: Amazon Had a Big Year, but Paid No Tax to Luxembourg
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, said Amazon’s Luxembourg filing showed why there was such urgency, not… -
media mention May 4, 2021 Daily Kos: Study: Non-wealthy to benefit most from Biden’s tax and spending plans, especially in red states
For those who aren’t policy wonks—and who somehow can’t decide whether Joe Biden is a compassionate family man or a rapacious baby’s blood aficionado—it can be difficult to suss out… -
media mention May 4, 2021 Yahoo! Finance: Only the ‘lucky few’ will pay higher taxes under Biden’s plan, analysis finds
President Joe Biden is planning to raise revenue to fund his infrastructure plans through numerous tax hikes that would mostly hit the top 0.7% of Americans, a new analysis found.… -
media mention May 3, 2021 MarketWatch: The fight over SALT is heating up. What’s next?
“I’m surprised that it just continues to come up,” said Tracy Gordon, acting director of the Urban-Brookings Tax Policy Center. “In Washington there seems to be this broad consensus that… -
media mention May 1, 2021 New York Times: Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds
There’s no debate that the SALT deduction goes mostly to wealthier taxpayers. About 85% of its benefits accrue to the richest 5% of households, according to an analysis by the… -
media mention May 1, 2021 Business Insider: America’s wealthiest added $195 billion to their fortunes in Biden’s first 100 days
While the richest Americans saw gains under Biden, he’s making moves to tax them more heavily to offset the cost of his next big expenditure: an infrastructure package that encompasses everything from… -
media mention May 1, 2021 The Sacramento Bee: California parents would get big tax breaks under Biden proposal. Here’s how much to expect
Low and middle income families struggling to pay for child care and other expenses would see big new tax breaks through 2025 under the White House’s new child tax credit… -
media mention April 30, 2021 Coinspeaker: Joe Biden to Fund Education and Childcare by Implementing American Families Plan
According to a report by ITEP (institute On Taxation And Economic Policy), the top part of the scheme will restore the top personal income tax rate to 39.6%. The plan… -
media mention April 30, 2021 NBC News: The soul of the post-Trump GOP isn’t in D.C., it’s in the nation’s statehouses
All in all, the proposed capital gains and income tax hikes would affect less than 1 percent of taxpayers, according to an analysis by the Institute on Taxation and Economic… -
media mention April 30, 2021 Associated Press: A Look At How US Corporations Manage the Tax System
Last year, more than 50 of the largest U.S. companies actually paid nothing in federal income taxes, even though they reported $40 billion in pretax profits as a group, according… -
media mention April 30, 2021 NBC News: Venture capitalists spar over Biden plan to raise their taxes
President Barack Obama’s White House put out a proposal similar to the one Biden’s White House is now offering, according to Steve Wamhoff, the director of federal tax policy at… -
media mention April 30, 2021 Fox Business: Biden’s tax plan would cost wealthiest 1% an extra $160K per year, study shows
That’s according to a new analysis published this week by the Institute on Taxation and Economic Policy, which found that the wealthiest 1% of Americans would pay an extra $159,010… -
media mention April 30, 2021 Associated Press: Biden’s corporate tax plan takes aim at income inequality
“It’s a terrific plan,” said Matthew Gardner, senior fellow at the left-leaning Institute on Taxation and Economic Policy. “We cannot have a sustainable corporate tax system until we solve this… -
media mention April 29, 2021 The Hill: Biden: ‘Trickle-down economics has never worked’
“It’s time for corporate America and the wealthiest 1 percent of Americans to just begin to pay their fair share,” Biden said. “Just their fair share.” The president referenced a…