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 23, 2021 Bloomberg: Firms Shuffle Intangible Assets Abroad Despite U.S. Tax Break
President Joe Biden and other Democrats have said FDII has been ineffective and should be replaced or revamped. While the concerns they’ve voiced about FDII aren’t directly related to the… -
media mention April 23, 2021 FAIR: ‘Some of Our Most Profitable Companies Are Not Contributing to Our Basic Needs’
Janine Jackson interviewed Institute on Taxation and Economic Policy’s Amy Hanauer about corporate tax avoidance for the April 16, 2021, episode of CounterSpin. This is a lightly edited transcript. Read… -
media mention April 23, 2021 Bloomberg: IRS Releases Country-by-Country Filings: Insights on Tax Havens, Effective Tax Rate
One of the interesting patterns in the CbCR filings is the gap between the statutory and effective tax rates. The ETR on the U.S. is just 9% versus the statutory… -
media mention April 22, 2021 The Hill: Progressives Divided over Efforts to Repeal SALT Cap
Outside liberal groups are also criticizing the push to repeal the SALT deduction cap. The Institute on Taxation and Economic Policy released a report Tuesday that said repealing the cap… -
media mention April 22, 2021 Axios: GOP Senators Open to Corporate Tax Increase
Driving the news: The president has highlighted a study from the left-leaning Institute on Taxation and Economic Policy showing 55 corporations actually received $3.5 billion in tax rebates, instead of… -
media mention April 21, 2021 CNBC: Black, Hispanic Families Would Benefit Less from a SALT Cap Repeal than Whites
Repealing the $10,000 state and local tax deduction cap is likely to have uneven results for Americans. In fact, Black families are 42% less likely and Hispanic families are 33%… -
media mention April 20, 2021 Jacobin: Democrats’ Lies About Tax Breaks Sound a Lot Like Republicans’
If you only listened to Democratic lawmakers, you might think these numbers are dramatically different in Democratic states with higher state and local taxes — but “there is no state… -
media mention April 20, 2021 Bloomberg: SALT Cap Revolt Led by N.Y. Democrats Snarls Biden Spending Plan
A study released Tuesday showed that the cap also would disproportionately benefit White families over non-White households, further complicating the Biden administration’s plans to make racial equity a core plank… -
media mention April 20, 2021 Forbes: Repealing The Cap On State And Local Tax Deductions Would Widen The Racial Wealth Gap, New Study Shows
As some lawmakers from high-tax Blue states push for the elimination of the Trump-era $10,000 cap on state and local tax (SALT) deductions, a new study from the left-leaning Institute… -
media mention April 20, 2021 The Hill: Left-leaning Group: SALT Cap Repeal Would Worsen Racial Income Disparities
Repealing the cap on the state and local tax (SALT) deduction would exacerbate racial income and wealth disparities, according to an analysis released Tuesday from the left-leaning Institute on Taxation… -
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…