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 May 22, 2019 New York Times: Democrats’ Tax Cuts Target Middle Class More Than Trump’s, Study Says
Tax plans from several Democratic candidates for president would cost less than President Trump’s signature tax cuts but deliver larger benefits to most low- and middle-income Americans, according to a… -
media mention May 21, 2019 Arizona Daily Sun: Tax Dodgers Inc.
How is it possible to pay less than zero? By riddling the tax code with so many special deductions and gimmicks that the government owes you money! On tax day… -
media mention May 16, 2019 Wharton: Have Stock Buybacks Gone Too Far?
Fueled by the lower corporate tax rate, share buybacks among S&P 500 companies shot to a fourth consecutive record in the last quarter of 2018, according to Standard & Poor’s.… -
media mention May 14, 2019 Hartford Courant: We Are a Group of Wealthy Connecticut residents, and we want to pay more in taxes.
Connecticut was slow to recover from the Great Recession. Meanwhile, inequality has skyrocketed. As the economy grew coming out of the recession, 100 percent of increased income in Connecticut has… -
media mention May 12, 2019 WBNS Ohio: Expert explains why Ohio gas prices can fluctuate so quickly
Ohio is now the 30th state to raise or reform its gas tax this decade, according to the Institute on Taxation and Economic Policy (ITEP). Starting July 1, 2019, a… -
media mention May 12, 2019 Salon: The Tax Bill for Many Big Polluters Last Year? $0
Adapting to our warming world is expensive. It costs a lot to build sea walls, cure disease outbreaks, and rebuild after floods. It takes money to invent better batteries, turn… -
media mention May 9, 2019 ABC News: Trump Lobbied for Tax Loopholes in the 1990s
The sweeping, bipartisan law that Trump railed against was popular in both Democrat and Republican circles, as it got rid of numerous loopholes, reduced tax-code chicanery and lowered tax rates… -
media mention May 8, 2019 Allentown Morning Call: Fortune 500 company PPL not only paid no federal taxes last year, it got a $19 million rebate; it says it has invested those savings
Sixty of America’s Fortune 500 corporations paid nothing — or got refunds — for 2018, according to a report released last month by the Institute on Taxation and Economic Policy… -
media mention May 8, 2019 Voice of America: In the US, Death Is More Certain Than Taxes
In the corporate world, however, with the tax overhaul pushed to passage by Trump and Republican lawmakers in 2017 that cut the basic federal corporate tax rate from 35% to… -
media mention May 8, 2019 The Hill: Tax Prep Companies Under Fire over Free File Program
Steve Wamhoff, director of federal tax policy for the left-leaning Institute on Taxation and Economic Policy, said that it’s inevitable that when private companies are tasked with offering a public… -
media mention May 6, 2019 Governing: What States Can Do to Drastically Reduce Child Poverty
The following is an excerpt of an op-ed by Meg Wiehe and Christopher Whimer published in Governing: States have been called laboratories of democracy because they often launch some of… -
media mention May 5, 2019 Newark Star-Ledger: The 5 NJ Companies Reported Nearly $5 Billion in U.S. Income Last Year. Their Federal Tax Bill: $0
Identifying companies that pay nothing in federal taxes is no easy task, said Matthew Gardner, one of the authors of the IATEP report, and he suspects there are far more… -
media mention May 5, 2019 Crain’s Detroit Business: If Whitmer’s Gas Tax Increase Is Dead, Sales Tax on Services, Anyone?
Car rentals at Detroit Metro Airport are subject to the sales tax. But ordering a ride from an Uber driver at the airport is exempted from sales tax because it’s… -
media mention May 1, 2019 Vox: Apple Is Spending Even More of Its Huge Tax Cut on Wall Street Stock Buybacks
Apple, like a lot of corporations, wasn’t paying the full 35 percent corporate tax rate even before the tax cut bill was passed, but the new legislation has been very… -
media mention May 1, 2019 Houston Chronicle: Under New Tax Code, Oil Companies Get Rebates, Not Bills
Despite earning billions of dollars in profits, companies such as the California oil major Chevron, the Houston independent oil companies Occidental Petroleum and EOG Resources, and the Houston oil field services company Halliburton were able to claim tens of millions in tax rebates, according to a study earlier this month by the Institute on Taxation and Economic Policy.
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media mention May 1, 2019 Bloomberg: Gas Tax for Infrastructure Sparks Fears of Political Backlash
Some 30 states have raised their fuel taxes since 2003 — including Republican-led Ohio, Arkansas and Alabama this year — according to the Institute on Taxation and Economic Policy. States tack on an average tax of nearly 29 cents per gallon, according to the U.S. Energy Information Administration.
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media mention April 30, 2019 Pacific Standard: Can Ending Fossil Fuel Subsidies Pay for Beto O’Rourke’s Climate Plan?
“The 2017 tax act, through its omission of true tax reform, really does leave a lot of opportunities available to Congress, starting in 2020, to broaden the tax base in a way that could raise a substantial amount of money,” says Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy. The Trump administration’s tax legislation, known as the Tax Cuts and Jobs Act, did little to close corporate tax breaks enjoyed by oil and gas and other industries, according to Gardner, “and in fact made some of the biggest tax breaks even bigger.”
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media mention April 30, 2019 Houston Chronicle: Oil Companies Dodge Tax Bills Under Trump Reforms, Study Says
Despite earning billions of dollars in profits, companies like Halliburton, Chevron, Occidental Petroleum and EOG Resources were able to claim tens of millions in tax rebates, according to a study earlier this month by the Institute on Taxation and Economic Policy.
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media mention April 30, 2019 MinnPost: Legislative Tax Plans: Equitable, Inspirational or Destructive?
Minnesota’s current tax system is considered one of the nation’s most progressive. The Institute on Taxation and Economic Policy, a nonpartisan think tank that assesses state and federal tax policies, ranks the state the fourth most-equitable in the way it taxes lower-income residents. It’s the provider tax and that proposed gas tax hike — two inherently regressive taxes — that drag down the overall progressivity of the plans.
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media mention April 30, 2019 New York Times: Apple Plans to Buy $75 Billion More of Its Own Stock
When it repatriated its cash under the new tax law, Apple paid $43 billion less than it would have under previous rates, bigger savings than any other American company, according to the Institute on Taxation and Economic Policy, a research group in Washington. Apple has also saved billions of dollars under the lower corporate tax rate. Apple says it is spending billions in the United States, hiring new workers, building data centers, expanding offices in Texas and investing in some outside manufacturers.
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media mention April 30, 2019 Washington Post: Democrats Said a GOP Tax Law Provision Would Devastate Blue States. That’s Not Happening.
“A lot of these claims were knee-jerk, political reactions,” said Carl Davis, a tax analyst for the Institute on Taxation and Economic Policy, a left-leaning think tank. “Some perspective is needed on some of the wild claims about how it would damage blue states’ economies.”
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media mention April 29, 2019 New York Times: Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It.
The list of profitable companies that pay no corporate taxes, compiled by the Institute on Taxation and Economic Policy, a left-leaning think tank, also includes Goodyear and three other Ohio companies, including the Akron-based electric utility FirstEnergy. The company, which has the naming rights to the Cleveland Browns’ stadium, paid no taxes last year on $1.5 billion in income, according to the analysis, and will receive additional tax credits that can be used in the future. In a win for consumers, some of that will be returned to the utility’s customers.
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media mention April 25, 2019 Democracy Now: Joseph Stiglitz: Elizabeth Warren & Bernie Sanders Want to Make the Economy Work for All Americans
This is Democracy Now! I’m Amy Goodman, with Juan González. The Institute on Taxation and Economic Policy has found the number of large U.S. companies who paid nothing in federal… -
media mention April 24, 2019 New York Times: Dealbook Briefing
“There’s a general rule that you’re not supposed to be able to claim losses for more than you put into a deal,” Steve Wamhoff, director of federal tax policy at… -
media mention April 24, 2019 Bloomberg: Want to Make Millions and Pay No Taxes? Try Real Estate
“There’s a general rule that you’re not supposed to be able to claim losses for more than you put into a deal,” says Steve Wamhoff, director of federal tax policy…