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 January 24, 2020 Politico: The Power of Semantics
States’ use of tax incentives to lure the filming of movies and television shows is one of those policy ideas that experts of basically all political persuasions are against —… -
media mention January 23, 2020 ProPublica: Who’s Afraid of the IRS? Not Facebook
If the IRS prevails in court, it could cost Facebook up to $9 billion more in taxes, based on estimates in the company’s securities filings. It would be a notable… -
media mention January 22, 2020 ProPublica: The IRS Decided to Get Tough Against Microsoft. Microsoft Got Tougher.
Microsoft, meanwhile, has continued to reap the benefits of its offshore deals. In 2017, the last year before the new tax law cut the corporate rate from 35% to 21%,… -
media mention January 17, 2020 McClatchy: Lifting the Cap on This Tax Break Would Benefit California’s Rich
The figures were developed by the nonpartisan Institute on Taxation and Economic Policy. to project the likely effects if the Democrats’ proposal went into effect in 2022. That’s likely the… -
media mention January 16, 2020 Hartford Business Journal: CT Voices proposes major state tax shift to reverse inequality
And creation of a new Child Tax Credit could provide poor and middle-income residents — even those earning nearly $500,000 per year — as much as $800 to $1,550 on… -
media mention January 16, 2020 The Colorado Sun: Colorado progressives have a new target in their pursuit of a tax overhaul: the rich. Here’s why.
More progressive taxes aren’t a panacea for income inequality, either. With a top rate of 12.3%, plus a 1% millionaire tax, California has the most progressive tax code in the… -
media mention January 13, 2020 Dallas Morning News: Trump slashed corporate tax rates to 21%, but many companies paid far less than that
Here’s another reason to complain: Many companies aren’t paying even the lower rate. In 2018, the first year under the new law, 379 profitable companies in the Fortune 500 paid… -
media mention January 12, 2020 KTVB.com: Idaho Democratic leaders discuss their top priorities for the 2020 legislative session
The “circuit breaker” would protect seniors and low income homeowners from paying too high of a percentage of their income on property taxes. According to the Institute on Taxation and… -
media mention January 8, 2020 Between the Lines: Trump-GOP Tax Law Ushers in Lowest Corporate Tax Rates in 40 Years
Interview with Matthew Gardner, senior fellow with the Institute on Taxation and Economic Policy, conducted by Scott Harris -
media mention January 6, 2020 Inside Sources: Creating an Economy That Works for All Starts With Repealing the Trump Tax Law
While some Americans received a tax cut during the 2018 filing season, it was nowhere enough to substantially improve their lives. The Institute on Taxation and Economic Policy warns, “The few… -
media mention January 6, 2020 Capital and Main: Two Years Later: What Has Trump’s Tax Law Delivered?
Promise: “We’re also going to eliminate tax breaks and complex loopholes taken advantage [of] by the wealthy.” – President Trump, November 29, 2017. Reality: The law kept tax loopholes in place and added new… -
media mention January 3, 2020 Public News Service: Report: Many Big Companies Pay Nothing Under New Tax Law
HELENA, Mont. – During the first year of the Trump administration’s new tax law, 91 Fortune 500 companies didn’t pay a dime in federal income tax. That’s according to a new… -
media mention January 3, 2020 Public News Service: Will WA Lawmakers Tackle Tax Fairness in 2020?
How can Washington state create a more just society in 2020? Two experts say the state should tax its way toward that goal. The Institute on Taxation and Economic Policy ranks… -
media mention January 3, 2020 Common Dreams: Eight Ways the Trump-GOP Tax Cuts Have Made the Rich Richer While Failing Working Families
Within the Fortune 500, 91 profitable corporations—such as Amazon, FedEx, Netflix and General Motors—paid no U.S. corporate income taxes in 2018, according to the Institute on Taxation and Economic Policy. And… -
media mention January 3, 2020 Mother Jones: Chevron Made $4.5 Billion in 2018. So Why Did the IRS Give Them a Refund?
The largest chunk of Chevron’s $1.1 billion in tax breaks came in the form of tax deferral, a longstanding tax instrument that enables businesses to postpone paying taxes until a… -
media mention January 3, 2020 Modern Healthcare: Healthcare Industry Had Highest Federal Income Tax Rates in 2018
A big driver of the higher taxes in healthcare is a doomed Affordable Care Act fee on health insurers. The amount each insurer pays is based on premium revenue. President… -
media mention January 3, 2020 Salon: Under Trump’s Tax Bill, Employees Pay Higher Rates Than Biggest Corporations in the World: Study
Workers at some of the biggest corporations in the world are paying higher tax rates than their employers, according to a new study by the Institute on Taxation and Economic… -
media mention January 2, 2020 Workday Minnesota: Dozens of Big Businesses Avoided Corporate Taxes in 2018
Roque said corporate tax cuts and loopholes have been enacted by Congresses and presidents of both major parties for the past two decades. Champions of the new tax code argued… -
media mention January 1, 2020 Los Angeles Times: Opinion: The Trump Tax Cut Has Amounted to Nothing but Broken Promises for the Middle Class
Thanks to loopholes and the cut itself, tax collections from corporations in the first year of the new law collapsed. ITEP found that the effective corporate tax rate for 379… -
media mention December 31, 2019 VTDigger: Report: Vermont Economic Divide Is Growing Larger
Vermont taxes are relatively progressive, the report said, noting that the state was one of five singled out by the Institute on Taxation and Economic Policy in 2018 for systems… -
media mention December 30, 2019 Counter Point: Trump-GOP Tax Law Ushers in Lowest Corporate Tax Rates in 30 Years
Matthew Gardner reveals that “Fortune 500 companies Avoided $73.9 Billion in Tax Under First Year of Trump Tax Law.” Listen -
media mention December 27, 2019 The Hill: Opinion: It’s Time for the Senate to Advance Cannabis Banking Reform
According to data compiled by the Institute on Taxation and Economic Policy, tax revenues from adult-use marijuana sales in 2018 topped over $1 billion. Also, 33 states regulate the retail sale of… -
media mention December 26, 2019 MSNBC: The Last Work: The Trump Tax Cuts & Corporations
A new report has data on how the Trump tax cuts helped many profitable big companies pay less in federal income taxes- and some pay none at all. Pulitzer Prize-winning… -
media mention December 26, 2019 Public News Service: 91 Corporations Paid Zero Tax in First Year of New Code
LINCOLN, Neb. — During the first year of the Trump administration’s new tax law, 91 Fortune 500 companies didn’t pay a dime in federal income tax, according to a new study by… -
media mention December 23, 2019 MSNBC: Two Years Later, the Republican Tax Plan Still Looks Like a Failure
Indeed, it was just a couple of weeks ago when the Institute on Taxation and Economic Policy released the results of a detailed study that found of the Fortune 500…