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 July 31, 2020 Newsweek: Tax-Paying Undocumented Immigrants Should Get Stimulus Checks, Democrats Tell McConnell
Their provision would benefit roughly 7.8 million people—4.3 million adults and 3.5 million children—according to the left-leaning Institute on Taxation and Economic Policy. Roughly 4.4 million undocumented immigrants who are… -
media mention July 29, 2020 Bloomberg: States Eye Anti-Poverty Tax Credit to Ease Covid Impact
The various state programs differ widely with the key distinction being refundability. Twenty-three of the 29 EITC states have made their credits refundable—widely considered an important check against regressivity. “Almost… -
media mention July 27, 2020 Politico Morning Tax: Another View
Meg Wiehe of the liberal Institute on Taxation and Economic Policy noted that most states, with just a couple of exceptions, have budgets lined up for fiscal 2021 — but… -
media mention July 26, 2020 Forbes: Rubio Renews Stimulus Check Eligibility Push; 1.7 Million U.S. Citizens Currently Excluded
The 1.7 million American citizens is only a subset of individuals excluded from receiving stimulus checks. The CARES Act had excluded undocumented immigrants, who do not have a Social Security… -
media mention July 24, 2020 Motley Fool: 3 Reasons Why Trump’s Payroll Tax Cut Won’t Be in the Senate’s Coronavirus Stimulus Bill
With a complete payroll tax cut — meaning, no Social Security or Medicare taxes taken out of paychecks at all — 64% of the benefit would be reaped by the… -
media mention July 24, 2020 Alternet: As laid off workers face a financial cliff, Amazon’s Jeff Bezos grows $13 billion richer in one day
While Amazon reported $13.9 billion in income in 2019, Bezos’ company managed to pay just $162 million in federal taxes last year—a 1.2% tax rate despite the United States’ 21% federal tax… -
media mention July 24, 2020 Forbes: Why You Won’t See A Payroll Tax Cut In Second Stimulus Round
But the financial benefit to taxpayers is so disproportionate toward the wealthy that most economists agree a payroll tax cut is not a logical choice during the pandemic. The Institute… -
media mention July 24, 2020 New York Times: 16 States Go Ahead With ‘Back to School’ Sales Tax Holidays
Still, the drain on state revenue, combined with the incentive to crowd into stores looking for bargains when coronavirus cases are surging, suggests that 2020 may have been a good… -
media mention July 23, 2020 The Hill: Congress cannot ignore the need for COVID-19 relief
Following is an excerpt from an op-ed by Amy Hanauer published in The Hill. Yet, the economy is keeping afloat because Congress put cash in people’s pockets all spring, with… -
media mention July 23, 2020 Axios: Why economists don’t like the idea of a payroll tax cut
“The White House’s latest economic policy trial balloon leaves out the most important solutions and floats some policies that are diametrically opposed to what the country needs,” Amy Hanauer, executive… -
media mention July 22, 2020 Bloomberg: Biden Attacks $50 Billion Real Estate Tax Break in Jab at Trump
On its merits, the like-kind exchange — sometimes referred to as a “1031” exchange for its tax code designation — is difficult to defend, according to some tax experts. “There… -
media mention July 22, 2020 CNBC: These are the taxpayers who benefit most from Trump’s call for a payroll tax holiday
The wealthiest 20% of taxpayers would reap the most from a suspension of this levy, according to a recent analysis from the Institute on Taxation and Economic Policy. The non-partisan… -
media mention July 22, 2020 Forbes: Here’s Who Gets The Money On Further Covid-19 Relief
The Institute on Taxation and Economic Policy (ITEP) performed an analysisto estimate who would benefit most for the cut. An elimination of payroll taxes from September through December 2020 would… -
media mention July 22, 2020 11 Alive (Atlanta): President Trump signs memo to keep undocumented immigrants from participating in census
The Institute on Taxation and Economic Policy found undocumented immigrants pay eight percent of their incomes in state and local taxes each year. Advocates worry Tuesday’s memo will deter immigrants… -
media mention July 22, 2020 Forbes: Would A Second Stimulus Check Or Payroll Tax Cut Be More Effective?
The left-leaning Institute on Taxation and Economic Policy (ITEP), calculated that eliminating the 7.65 levy on employees between April 1 and December 31, 2020 would distribute 47 percent of the benefits to… -
media mention July 22, 2020 Newark Star-Ledger: Murphy plea for federal aid blocked by McConnell as some in GOP don’t want to help blue states
Trump has championed a payroll tax cut, which would not help those currently without jobs under the pandemic-induced recession nor assist states in balancing their budgets. Almost two-thirds of the… -
media mention July 20, 2020 Business Insider: Trump is doubling down on a payroll tax cut which has slim GOP support and would do virtually nothing to help jobless Americans
A disproportionate share of the aid would go toward the wealthier segment of Americans. The Institute on Taxation and Economic Policy found that 65% of the benefits would be drawn… -
media mention July 20, 2020 Forbes: Is Trump Using Next Stimulus Package To Undermine Funding Of Social Security And Medicare?
In 2011, when President Obama and a Republican Congress compromised on a temporary 2 percent payroll tax holiday, the left-leaning Institute on Taxation and Economic Policy (ITEP), calculated that 48… -
media mention July 17, 2020 Bloomberg: Virus Surge Hits Budgets of States Most Vulnerable to Shutdowns
As the two states have each surpassed nearly 600,000 confirmed cases combined, with daily new cases in the tens of thousands, governors in Florida and Texas are considering scaling back… -
media mention July 16, 2020 KPFA: Death and taxes! or, why the rich get richer
Why and how the wealth of the very rich has grown, while all other public and private wealth has shrunk during COVID 19. Detailed analysis from the Institute on Taxation… -
media mention July 14, 2020 Salon: “Stunningly Tone-Deaf”: Ivanka Trump Criticized for Urging Jobless Americans to “Find Something New”
Roughly two-thirds of the temporary payroll tax cut would flow to the richest 20% of Americans, while the poorest 40% would get only 6% of the benefit, according to the… -
media mention July 14, 2020 The Epoch Times: Biden’s Progressive Tax Proposal Raises Rates on Wealthy and Corporations
“It’s probably one of the most progressive tax plans we’ve seen from a presidential nominee from one of the two major parties in many, many years,” Steve Wamhoff, director of federal… -
media mention July 14, 2020 Law 360: State And Local Tax Policy To Watch In The 2nd Half Of 2020
As states grapple with refilling their coffers in response to the COVID-19 pandemic, tax policy debates in the second half of 2020 could center on revisiting conformity to the federal… -
media mention July 14, 2020 Urban Milwaukee: Labor Leaders Slam Trump for Betraying Working People
By Democratic Party of Wisconsin The tax law Trump pushed through was a boon for large corporations, including those in Wisconsin like Kimberly Clark, that used the handout to shutter… -
media mention July 14, 2020 The Moneyist: ‘I’m Having a Hard Time Understanding How Earning Over $200K/year Is Too Much to Qualify for a Decent Stimulus Check’
According to the Institute on Taxation and Economic Policy, the majority of state tax systems are regressive. “Those in the highest-income quintile pay a smaller share of all state and…