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 March 24, 2021 Connecticut Post: State Rep. Sean Scanlon (opinion): State child tax credit would ease burden on families
The good news for families is that President Biden’s recently passed stimulus bill features a provision long championed by my Congresswoman Rosa DeLauro that not only makes the tax credit… -
media mention March 24, 2021 CBS News: Zoom’s pandemic profits exceeded $670 million. Its federal tax payment? Zilch
“We are only taxing about half of all corporate profits,” observed Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, which put out a report on… -
media mention March 24, 2021 The Street: New York Inches Closer to Legalizing Recreational Cannabis
Last November, voters in New Jersey and Arizona voted to legalize marijuana. And in December, New Jersey placed a social equity excise tax on cannabis sales in order to address… -
media mention March 23, 2021 Arkansas Times: Can’t Forget the Millionaires: Income Tax Cut on Agenda Today
Arkansas Advocates for Children and Families has run the numbers by the Institute on Taxation and Economic Policy. It says 72 percent of the tax cut will go to people… -
media mention March 23, 2021 Salon: Zoom Increased Profit by 4,000% during the Pandemic — but the Company Paid $0 in Federal Income Tax
The U.S.-based online video chat platform Zoom has seen its profits skyrocket by 4000% during the Covid-19 pandemic thanks to the growing reliance on remote work and schooling, but an… -
media mention March 23, 2021 Business Insider: Zoom Paid $0 in Federal Taxes on $664 Million in Pandemic Profits, Mostly by Paying Executives Stock Options
“Companies that compensate their leadership with stock options can write off, for tax purposes, huge expenses that far exceed their actual cost,” Matthew Gardner, a senior fellow at the Institute… -
media mention March 23, 2021 New York Post: Zoom Paid No Federal Income Tax Last Year amid Pandemic Profit Surge
The Silicon Valley firm appears to have achieved that feat largely thanks to its use of stock-based compensation for employees, which helped reduce its worldwide tax bill by more than… -
media mention March 22, 2021 Common Dreams: Zoom Paid $0 in Federal Income Taxes on 4,000% Profit Increase During Pandemic: Report
The U.S.-based online video chat platform Zoom has seen its profits skyrocket by 4000% during the Covid-19 pandemic thanks to the growing reliance on remote work and schooling, but an… -
media mention March 21, 2021 The Independent: Zoom Increase Profits by 4000 Per Cent During Pandemic but Paid No Income Tax, Report Says
Zoom Video Communications reported that it made a $660m (£476m) pre-tax profit in 2020, up from $16m (£11.5m) in 2019, according to the non-profit Institute on Taxation and Economic Policy.… -
media mention March 21, 2021 Chicago Sun-Times: A New Push to Expand the State’s Earned Income Credit Could Include Immigrants
Economic Security for Illinois, working with the Institute in Taxation and Economic Policy, estimates that as many as 500,000 households would benefit from the expansion, including 110,000 immigrant households. Read… -
media mention March 18, 2021 The Hill: A Straightforward Way to Pay for Biden’s Recovery Plan (Opinion)
Now that President Biden and Congress have enacted a $1.9 trillion COVID-19 relief measure, the president will soon provide details for the second item on his agenda, a major recovery plan. The package could include some of the tax increases on which he campaigned to pay for new spending.
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media mention March 18, 2021 Marijuana Moment: Cannabis Banking Bill Comes Back to Congress
An Institute on Taxation and Economic Policy analysis concluded that “cannabis taxes are a small part of state and local budgets, clocking in at less than 2 percent of tax… -
media mention March 17, 2021 The Hill: Ohio AG Sues Biden Administration Over Pandemic Bill
Carl Davis, the research director for the left-leaning Institute on Taxation and Economic Policy, said that the rhetoric from the conservative attorneys general has been overblown. “There’s a lot of… -
media mention March 17, 2021 Newsweek: This Last-Minute Provision Blocks GOP Govs from Using Stimulus Money to Subsidize Tax Cuts
“Basically any tax cut done at the state level has doubled in cost,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. For example, if a… -
media mention March 16, 2021 CNN: Historic Benefits in Stimulus Bill May Answer a Big Question for Democrats
In figures provided exclusively to CNN, the Institute on Taxation and Economic Policy, which generally advocates for a more progressive tax code, similarly calculated that households headed by Whites will… -
media mention March 16, 2021 Law360: 3 Questions State Tax Pros Have About The Pandemic Relief Law
Policymakers and state tax specialists noticed almost immediately that if states want to take full advantage of the $350 billion cash infusion the ARPA gives state and local governments, it… -
media mention March 16, 2021 GeekWire: Capital Gains Tax in Washington State: Is it about Fairness and Funding, or Will it Drive Away Startups?
Dylan Grundman O’Neill, a senior state tax policy analyst with the Institute on Taxation and Economic Policy, said that research shows that in Washington, more so than in any other… -
media mention March 16, 2021 Fortune: Biden Plots Tax Hikes on Corporations and High-earners to Fund Ambitious Infrastructure Plan
Should the President get the rest of the Democratic caucus on board with his vision of a massive infrastructure bill funded by higher taxes on corporations and wealthy individuals, Biden… -
media mention March 16, 2021 Business Insider: H&R Block Customers Will Get 3rd Stimulus Check, No Delay
H&R Block also gives taxpayers the option to receive their refund on a debit card called the Emerald Card. Anyone who qualifies for the third stimulus check and had their… -
media mention March 16, 2021 Yahoo News: ‘Helping the Country Prosper’: Undocumented Immigrants Pay Billions in US Taxes Each Year — and Have Been for Decades
A report from the office shows that 50% to 75% of undocumented immigrants pay billions in taxes each year — and have been since the Internal Revenue Service created a… -
media mention March 15, 2021 The Columbus Dispatch: Undocumented Immigrants Pay Billions in Taxes Each Year — and Have Been for 25 Years
When it comes to state and local taxes, undocumented immigrants pay more than $11 billion a year, according to a 2017 report from the Institute on Taxation and Economic Policy, a nonpartisan nonprofit based in… -
media mention March 15, 2021 Bloomberg: Biden’s Rescue Hasn’t Stopped States’ Tax-the-Rich Rally Call
“No amount of federal aid can change the fact that nearly all state tax codes worsen the economic and racial inequalities that this pandemic has laid bare,” said Dylan Grundman… -
media mention March 15, 2021 CNBC: Expecting a $1,400 Stimulus Check by Mail? Here’s What to Watch for
Instead, the checks will be signed by a career official at the Bureau of Fiscal Service, which is working with the IRS to deliver the money. This has been the… -
media mention March 15, 2021 MinnPost: Is Minnesota’s Tax System Unfair?
The Institute on Taxation and Economic Policy’s regular assessment of state taxes concludes that just five states and the District of Columbia have positive scores on progressivity: California, Delaware, New… -
media mention March 14, 2021 Washington Post: Joe Biden’s COVID-19 Relief Bill Is an Extraordinary Achievement (Opinion)
The American Rescue Plan assumes that almost everyone can use a helping hand. According to the Institute on Taxation and Economic Policy, roughly 85 percent of adults and children will…