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 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… -
media mention April 13, 2021 The Commercial Appeal: FedEx CEO: Don’t raise corporate taxes to pay for Biden’s infrastructure plan
The Institute on Taxation and Economic Policy published the report earlier this month, saying FedEx had an effective tax rate of minus -12.8% from 2018 to 2020. The report cited… -
media mention April 13, 2021 CNBC: New $3,000 Child Tax Credit to Start Payments in July, IRS Says
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.… -
media mention April 12, 2021 The Guardian: US CEOs think Biden’s corporate tax rate hike will have negative impact – survey
A report released earlier this month from the progressive Institute on Taxation and Economic Policy found that at least 55 of America’s top companies, including FedEx and Nike, paid no… -
media mention April 12, 2021 CNBC: Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes
A report by the Institute on Taxation and Economic Policy says FedEx “zeroed out its federal income tax on $1.2 billion of U.S. pretax income in 2020 and received a… -
media mention April 12, 2021 Forbes: 98% Of CEOs Say Biden’s Corporate Tax Rate Hike Will Hurt Their Companies, According To Survey
55. That’s how many major U.S. companies—all part of either the Fortune 500 or the S&P 500 index—that paid no corporate income tax in 2020 thanks to credits and deductions,… -
media mention April 12, 2021 MSNBC: Corporate taxes can’t stay low while America crumbles
There’s no question that the tax code is extremely generous to big business. A recent report from the Institute on Taxation and Economic Policy found that despite being profitable last… -
media mention April 11, 2021 The Hill: White House sends mixed message on higher taxes
According to a report released Thursday by the left-leaning Institute on Taxation and Economic Policy (ITEP), the personal income tax increases in Biden’s campaign plan would impact only 1.9 percent… -
media mention April 11, 2021 The Sacramento Bee: Rich Californians have most to gain if Congress lifts cap on local tax deductions, report says
State residents earning more than $992,800, California’s wealthiest 1%, could see an average savings of $98,650 in 2022, according to data from the Institute on Taxation and Economic Policy, a… -
media mention April 11, 2021 The Hill: Democrats see political winner in tax fight
As ammunition, Democrats are pointing to a recent report from the Institute on Taxation and Economic Policy, a progressive think tank, which found that 55 of the nation’s largest corporations… -
media mention April 10, 2021 CNN: Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much
Amazon (AMZN) isn’t doing anything illegal or improper — or unusual. Few corporations pay 21% of their reported pre-tax earnings in corporate income tax. That’s because there are many ways… -
media mention April 9, 2021 Bloomberg: Plans for a Global Minimum Tax Revolution, Explained
Many large corporations do. At least 55 large U.S. companies, including Nike Inc. and FedEx Corp., reported paying no U.S. federal income taxes in 2020 even though they were profitable,… -
media mention April 8, 2021 New York Times: Corporate Taxes Are Wealth Taxes
Since the mid-20th century, however, politicians of both political parties have supported cuts in the corporate-tax rate, often under intense lobbying from corporate America. The cuts have been so large… -
media mention April 8, 2021 Newsweek: Top US CEOs Open to Corporate Tax Rate of 28%, Biden Says Trump Cuts Failed
Biden campaigned on not raising taxes on anyone making less than $400,000, which would severely limit Democrats’ ability to fund the infrastructure plan should the GOP and lobbyists convince Congress… -
media mention April 8, 2021 AlJazeera: Pros, cons and pragmatism: Biden’s plan to fund infrastructure
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, agrees. “The low cost of borrowing and the pressing spending needs we face right now make deficit… -
media mention April 8, 2021 Miami Herald: Biden’s infrastructure tax hike worries some Democrats about impact on wealthy voters
To Democratic strategists, including those close to the president, the tax plan is finely calibrated to earn the most support, drawing extra revenue from the least sympathetic segments of the… -
media mention April 8, 2021 Bloomberg: White House Sees GOP’s Corporate Tax-Cut Defense as a Big Loser
Biden said at least 55 of the largest U.S. companies paid no federal corporate income taxes in their most recent fiscal year. “It’s just not fair. It’s not fair to… -
media mention April 8, 2021 Reno Gazette Journal: Is America big enough to go big again?
A new study reports that at least 55 of the biggest corporations paid a goose egg in U.S. income taxes last year — zero, nada — despite hauling in billions in profits.… -
media mention April 8, 2021 Washington Post: Biden Says He’s Open to Compromise With Republicans on $2 Trillion Infrastructure Plan
Fifty-five corporations saw zero federal tax liability in 2020, according to a report this week by the Institute on Taxation and Economic Policy, a left-leaning think tank. The amount of… -
media mention April 8, 2021 NBC News: Biden’s plan to overhaul tax code would close offshore tax loopholes
According to a recent report by the Institute on Taxation and Economic Policy, at least 55 of America’s biggest companies paid nothing in federal taxes for 2020, despite earning a… -
media mention April 8, 2021 Business Insider: Biden says he wants a 28% corporate tax rate because he’s ‘sick and tired of ordinary people being fleeced’
The president blasted companies paying little or no federal taxes, without naming them. He cited a recent report from the left-leaning Institute on Taxation and Economic Policy that found that… -
media mention April 8, 2021 Bloomberg: Biden Tax Plan Seen Hitting Tech, Pharmaceutical Companies
The provisions — part of the administration’s plan to finance a $2.25 trillion infrastructure package — mean that tech and pharmaceutical companies could lose many of the tax-planning tools that… -
media mention April 7, 2021 Salon: America’s Biggest Corporations Paid No Federal Income Taxes Last Year: Study
According to a new study, conservative policies look to have helped a handful of large companies mooch off the federal government in 2020. The Institute on Taxation and Economic Policy,… -
media mention April 7, 2021 CQ Roll Call: It’s Spring, the Sap Is Rising — and Congress Turns Its Thoughts to Taxes (Column)
In similar paint-by-numbers fashion, the Biden White House is flogging studies by liberal think tanks highlighting how many major corporations have avoided paying any income taxes in recent years. For…