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].
-
media mention April 5, 2021 Pittsburgh Business Times: Pittsburgh Company among 55 that Paid Zero Corporate Income Tax
At least 55 of the biggest and best-known companies in the country didn’t pay federal corporate income taxes during their most recent fiscal year. That includes Pittsburgh’s 11th-largest public company.… -
media mention April 4, 2021 Washington Post: What Americans Will Get from Biden’s $2 Trillion Infrastructure Plan (Opinion)
In addition, a new report from the Institute of Taxation and Economic Policy underscores how well corporations did over the last four years, with 55 big corporations paying no federal… -
media mention April 4, 2021 The Joint Blog: Report: State and Local Cannabis Tax Revenue Jumps 58%, Surpassing $3 Billion in 2020
According to a new report conducted and released by the Institute on Taxation and Economic Policy, tax revenue from state-legal marijuana sales rose significantly in 2020 to surpass $3 billion.… -
media mention April 4, 2021 Washington Post: Republicans Draw a Blank on Basic Governance (Opinion)
But one suspects that Blunt, Wicker and others are protesting this proposed tax increase because of the narrow portion of Americans for whom the 2017 cut did work: the wealthiest.… -
media mention April 2, 2021 Financial Times: Biden Faces Clash with Business over Proposed Tax Increases
Still, a report by the Institute on Taxation and Economic Policy, a think-tank, on Friday found that at least 55 large and profitable US companies paid no federal corporate income… -
media mention April 2, 2021 Shelton Herald: Houston-based Kinder Morgan among Large Corporations that Didn’t Pay Federal Taxes in 2020
Houston-based Kinder Morgan is one of the largest infrastructure companies in North America — and they’re among the at least 55 American corporations that paid absolutely nothing in federal taxes… -
media mention April 2, 2021 Washington Post: The Daily 202: Biden Infrastructure Push Could Face SALT-y Democratic Challenge
A report by the Institute on Taxation and Economic Policy found that companies like Salesforce, Consolidated Edison, FedEx and Nike “were able to avoid paying any federal income tax for… -
media mention April 2, 2021 Complex: Nike Hasn’t Paid Any Federal Income Tax for the Last Three Years
Nike has made $4.1 billion in profits over the last three years but didn’t pay a dime in federal income tax for its earnings, according to new reports by the… -
media mention April 2, 2021 Quartz: Nike And FedEx Haven’t Paid Federal Income Tax in Three Years
Despite raking in billions in earnings, Nike, FedEx, and two dozen other public companies have paid no federal corporate income tax in the US since 2018, according to a study… -
media mention April 2, 2021 Forbes: More Than 50 Major U.S. Corporations—Including Nike And FedEx—Paid No Federal Taxes Last Year
Benefitting from Trump-era tax cuts and capitalizing on loopholes in the tax code, at least 55 prominent U.S. companies paid $0 in federal corporate income taxes in 2020 on billions… -
media mention April 2, 2021 Business Insider: Nike, FedEx, and 24 Other Companies with $77 Billion of Combined Income Have Avoided Paying Taxes for Years, a New Report Found
55 of America’s biggest companies paid $0 in federal taxes last year, a new study from the Institute on Taxation and Economic Policy (ITEP) found. The 55 publicly traded companies… -
media mention April 2, 2021 The Hill: 55 Major Companies Paid Zero Federal Income Tax in 2020: Watchdog
At least 55 major profitable companies didn’t pay any federal corporate income taxes last year, according a report by the left-leaning Institute on Taxation and Economic Policy (ITEP). The group… -
media mention April 2, 2021 Associated Press: Even with Pretax Profits, Many Big Companies Pay Zero US Tax
Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many… -
media mention April 2, 2021 Fast Company: Report: 55 of America’s Biggest Companies Paid Zero Taxes during the Pandemic
The stock market boomed last year, despite a pandemic that put 45 million people out of work. But dozens of the biggest, most profitable corporations in the United States still… -
media mention April 2, 2021 New York Times: No Federal Taxes for Dozens of Big, Profitable Companies
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions… -
media mention March 31, 2021 The New York Times: Biden Tax Plan Challenges G.O.P. Formula for Economic Growth
The Institute on Taxation and Economic Policy, which has long criticized American businesses for managing to avoid paying what they owe, conducted a study of Fortune 500 companies that were… -
media mention March 31, 2021 Foreign Policy: To Build Bridges, Biden Plans to Hike Taxes
A 2019 study by the Institute on Taxation and Economic Policy found that at least 60 of the largest publicly held U.S. corporations paid no federal income taxes in 2018.… -
media mention March 31, 2021 US News: Biden Wants Corporate America to Pick Up the Tab On His Infrastructure Plan
Moreover, a study by the Institute on Taxation and Economic Policy of the effects of the 2017 tax cuts found that 379 companies with combined profits of nearly $766 billion… -
media mention March 31, 2021 Washington Post: Power Up: Unions, liberal groups urge Biden to go even bigger on tax hikes for infrastructure plan
Some tax experts, however, estimate that the benefits of restoring the deduction would go to the richest Americans: “House Democrats included a provision suspending the cap for 2020 as part… -
media mention March 30, 2021 The Street: Cannabis Stocks Rise as New York Moves Closer to Legalization
New York would be the 16th state, plus the District of Columbia, to fully legalize marijuana after decades of imprisoning people who participated in the cannabis black market. About one… -
media mention March 29, 2021 Daily Wire: Zoom Profits in 2020: $660 Million. Zoom Tax Payment In 2021: $0
Zoom hauled in some $660 million in pre-tax profits in 2020, compared to $16 million in profits in 2019, according to the Institute on Taxation and Economic Policy. “Corporations that… -
media mention March 29, 2021 WTTW: Proposals Could Expand Eligibility for Earned Income Tax Credit
“[Illinois] just piggybacks off of that by saying if you got the federal credit you get 18% of that for state purposes,” said Lisa Christensen Gee, the director of special… -
media mention March 26, 2021 Washington Post: Fact-checking President Biden’s first news conference
Biden loves this statistic, but he usually is careful to say “federal taxes.” Simply saying “taxes” makes it wrong, because no matter what the federal tax liability, these companies certainly… -
media mention March 25, 2021 Jackson (Miss.) Clarion-Ledger: Eliminating state income tax would hurt Mississippi working families, widen inequities
This is because individual income taxes are the only major tax in which the state’s highest-income earners pay a larger percentage of their income in taxes than the state’s lower-income… -
media mention March 24, 2021 Indy Week: Anti-Poverty Advocates Rejoice Over New Child Tax Credit
It’s hard to overstate the significance of the expanded tax credit for low-income families. Information released by the Institute on Taxation and Economic Policy found that more than 2.6 million…