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 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… -
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…