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 December 16, 2019 Washington Examiner: Amazon, Netflix, and Starbucks Paid $0 in 2018 Federal Income Taxes
A new study by the Institute on Taxation and Economic Policy found that many of America’s largest corporations paid $0 in federal income taxes under the first year of President Trump’s tax… -
media mention December 16, 2019 Yahoo Finance: 91 Profitable Fortune 500 Companies Paid $0 in Taxes in 2018 under Trump’s Tax Law
Matthew Gardner, senior fellow at ITEP and lead author of the report says that what companies doing is “entirely legal”, but that they can avoid paying taxes thanks to tax… -
media mention December 16, 2019 Des Moines Register: Richest Iowans Saw Most of the Benefit from 2017 Tax Cuts, Study Finds
No group in Iowa benefits more from the 2017 federal tax cuts than the wealthiest 1%, according to a new research paper from the left-leaning Iowa Policy Project. With an… -
media mention December 16, 2019 The American Independent: 91 Major US Companies Paid Zero Federal Taxes Last Year Thanks to the GOP Tax Law
A total of 91 of the largest companies in the United States paid zero dollars in federal income taxes in 2018 under the tax law passed by Donald Trump and… -
media mention December 16, 2019 Tulsa World: 91 Big Companies Paid No Federal Taxes Last Year. And Others Paid Less Than New, Lower Rates for Firms
“Profitable American corporations in 2018 collectively paid an average effective federal income tax rate of 11.3 percent on their 2018 income, barely more than half the 21 percent statutory tax… -
media mention December 16, 2019 Common Dreams: Amazon, Chevron, and Starbucks Among 91 Fortune 500 Corporations That Paid $0 in Federal Income Taxes in 2018: Report
More than 90 large, profitable corporations on the Fortune 500 list effectively did not pay a penny in federal income taxes in 2018, according to a new report published Monday by the… -
media mention December 16, 2019 CNBC: These 91 Companies Paid No Federal Taxes in 2018
Nearly 100 Fortune 500 companies effectively paid no federal taxes in 2018, according to a new report. The report from the Institute on Taxation and Economic Policy, a left-leaning think tank, covers… -
media mention December 16, 2019 Axios: 91 Fortune 500 Companies Paid No Federal Income Tax in 2018
91 Fortune 500 companies paid no federal income taxes on their U.S. income last year, according to a report released Monday by the Institute on Taxation and Economic Policy. Why it matters: Some… -
media mention December 16, 2019 Washington Post: Corporations Paid 11.3 Percent Tax Rate Last Year, in Steep Drop Under President Trump’s Law
About 400 of America’s largest corporations paid an average federal tax rate of about 11 percent on their profits last year, roughly half the official rate established under President Trump’s… -
media mention December 16, 2019 Chicago Tribune: What Happens to the Weed Black Market when Recreational Marijuana Goes Legal Jan. 1? ‘I See It Opening the Door to More Clients,’ One Dealer Says.
Stores selling recreational marijuana will be allowed to operate between 6 a.m. and 10 p.m., though operating hours vary by dispensary. Whether stores truly are convenient will depend on how… -
media mention December 16, 2019 SF Gate: These Bay Area Companies Paid Zero Federal Taxes in 2018
A new report by the Institute on Taxation and Economic Policy discovered that 91 of Fortune’s top 500 corporations paid no federal income taxes in 2018 — and many actually got money… -
media mention December 16, 2019 Fox Business: Many Fortune 500 Companies Paid Half of Trump’s Lower Corporate Tax Rate in 2018: Study
President Trump’s sweeping 2017 tax reform law substantially lowered the corporate tax rate, yet a large proportion of Fortune 500 companies paid an effective rate that was nearly half of what was… -
media mention December 16, 2019 Washington Post: A New Report Hands Democrats a Major Weapon Against Trump
There is probably no more glaring example of President Trump’s massive betrayal of the economic populist nationalism that infused his campaign than the 2017 tax law. It isn’t just that… -
media mention December 12, 2019 NJ Spotlight: Pascrell, Other House Dems, Introduce Bill to Scrap Federal SALT Cap
For example, a new report from the Center on Budget and Policy Priorities estimated that 80% of the benefit of a SALT-cap repeal would go to just the top 5% of tax… -
media mention December 7, 2019 The News Tribune: Washington State Leaders Must Tax the Way to a Just Society
The inequalities in our state’s tax code are well known, and have gained us the ignoble designation of “the most unfair state and local tax system in the country.” This… -
media mention December 4, 2019 Beacon: New Ad Highlights Collins’ Vote to Pass Tax Break for Wealthy Corporations
Marking two years since Senator Susan Collins cast a key vote in support of the 2017 Republican tax overhaul, the progressive 16 Counties Coalition launched a new ad on Monday highlighting corporations like Amazon and… -
media mention December 4, 2019 Fox Business: Biden to Unveil Tax Proposal Targeting Corporations, Wealthy
Under Biden’s plan, companies like Amazon, Netflix, General Motors, JetBlue and IBM, which reported net income of more than $100 million in the U.S. but paid zero or negative federal… -
media mention November 26, 2019 The News Tribune: How Did Tacoma Do Under Trump Tax Cuts? You Can Calculate it for Yourself
President Donald Trump has said it’s time to consider another tax cut — as evidence mounts that wealthier taxpayers in the Tacoma area and around the nation benefited a lot… -
media mention November 26, 2019 CNBC: Blue States File Appeal in Legal Battle Over SALT Tax Deductions
Whether the final rule will ultimately deter people from donating to these funds remains to be seen. “If you’re really passionate about private school vouchers in Georgia, you donate and… -
media mention November 25, 2019 The Oracle: Big Corporate Tax Loopholes Strain Florida Budget
A 2019 report from the Institute on Taxation and Economic Policy, for instance, examined data from the IRS and Congressional Budget Office, estimating that Florida loses $1.1 billion annually from… -
media mention November 25, 2019 Vanity Fair: “My Reserve Of F–Ks To Give Is Really Depleted”: How Teflon Tim Cook Gets Away With Enabling Donald Trump
Cook runs the biggest company on earth, with a current market cap of $1.16 trillion, and yet, according to the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan tax-policy think tank,… -
media mention November 24, 2019 Business Insider: From Amazon To GM, Here Are all the Major Tech and Transportation Companies who Avoided Federal Income Tax Expenses Last Year
The Institute on Taxation and Economic Policy, a nonprofit think tank, analyzed SEC filings of Fortune 500 companies and identified 60 major corporations that didn’t report any federal income tax expenses in… -
media mention November 17, 2019 The New York Times: How FedEx Cut Its Tax Bill to $0
“Something like $1.5 billion in future taxes that they had promised to pay, just vanished,” said Matthew Gardner, an analyst at the liberal Institute on Taxation and Economic Policy in Washington. “The… -
media mention November 15, 2019 Orlando Sentinel: As Florida Cuts Corporate Taxes, Your Tax Burden Rises … and Schools, Mental Health, Roads Suffer
Families that make less than $50,000 a year pay between 8.1% and 12.7% of their income in local and state taxes, according to the Institute on Taxation and Economic Policy,… -
media mention November 15, 2019 PolitiFact: Viral Post Says Democrats Spent $40 Million on Impeachment. That’s False
Tax policy experts told us they aren’t sure how much the impeachment inquiry has cost since Speaker Nancy Pelosi announced it Sept. 24. “I can’t think of anyone who’s tried to calculate…