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 April 17, 2019 Vox: Democrats don’t have to wait for Trump to leave office to cut child poverty
But these plans have one major obstacle: Donald Trump is president. Policymakers in the Democratic fold have been arguing over what should happen in a hypothetical 2021 in which Trump… -
media mention April 17, 2019 Fox Business: Amazon Isn’t the Only Company that Paid $0 in Taxes Last Year
Under President Trump’s new tax law, 60 of America’s biggest corporations paid $0 in federal taxes in 2018, despite earning billions of dollars in profits. Amazon, Netflix, General Motors, Chevron,… -
media mention April 17, 2019 Des Moines Register: Large Corporations Are Winning Big Under GOP Tax Law
The GOP also doesn’t talk about how the biggest winners of the controversial tax law are — surprise — some of the country’s largest, publicly held corporations. They owed nothing on… -
media mention April 17, 2019 Detroit Metro Times: Five Top Michigan Corporations Paid $0 in Taxes
ou may have paid federal taxes, but four Fortune 500 companies in Michigan did not. In fact, they received hundreds of millions of dollars in refunds collectively. DTE Energy, Penske… -
media mention April 17, 2019 InsideSources: How the GOP Tax Law Benefited Big Tech
Big Tech companies like Amazon, IBM and Netflix paid no federal income tax this year according to data compiled by the Institute on Taxation and Economic Policy (ITEP), and some… -
media mention April 16, 2019 Texas Monthly:The Governor Wants to Replace Property Taxes With ‘Consumption’ Taxes. That’s a Terrible Idea.
The trick, of course, is that consumption taxes are regressive, and property taxes are not. Again, because there’s no state income tax, the burden of funding state government falls disproportionately… -
media mention April 16, 2019 CBS News Money Watch: Bernie Sanders: Amazon, Netflix are a “disgrace” for not paying taxes
The 60 companies that didn’t pay taxes last year, including tech giants such as Amazon and Netflix, relied on a number of legal strategies to eliminate their taxes, according to… -
media mention April 16, 2019 Wall Street Journal: Cuomo Paid Less Tax Under Federal Overhaul He Has Ripped
The 2017 tax law also lowered federal tax rates, narrowed the alternative minimum tax and increased the size of both the standard deduction and child tax credit. Because of these… -
media mention April 16, 2019 Business Insider: Bernie Sanders says it’s a ‘disgrace’ that Amazon and Netflix pay nothing under Trump’s tax bill
A recent report from the Institute on Taxation and Economic Policy said Amazon used “tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes.” Read… -
media mention April 16, 2019 Rolling Stone: Billions in Profits, No Taxes: How the Trump Tax Code Let 26 Companies Off the Hook
We knew President Trump’s 2017 tax bill favored corporate America, but this is ridiculous. According to a new study, a group of 60 companies in the Fortune 500 booked nearly… -
media mention April 16, 2019 New York Post: Want to get out of taxes? Just make $79B
While millions of Americans had to cut Uncle Sam a check this year to pay their tax bill, 60 of the Fortune 500 companies paid zero taxes on their revenue,… -
media mention April 16, 2019 Newark Star-Ledger: Tax Day 2019 More Taxing for 400k NJ Households
Only California, New York, Texas and Florida saw a greater number of households paying more in taxes, according to the report, based on data from the Institute on Taxation and… -
media mention April 15, 2019 CBS Radio News: Taxes, the Why and How Much
ITEP senior fellow was featured on this Tax Day podcast. To listen, visit: https://www.newsweek.com/republican-tax-cuts-trump-wage-increases-879800 -
media mention April 15, 2019 New York Times: Their Tax Rate Is Zero
Amazon. Delta Air Lines. Chevron. IBM. General Motors. Molson Coors. Eli Lilly. What do these companies have in common? They paid no federal taxes last year. Thanks to President Trump’s… -
media mention April 15, 2019 CNN: Four Ways Trump’s Tax Cuts Changed the Economy
Congress has yet to take up spending cuts to big-ticket items like Medicare and Social Security that the White House had proposed to curb deficits. Still, mounting debt makes conversations… -
media mention April 15, 2019 New York Times: Face It, You Probably Got a Tax Cut
Other analyses reached similar conclusions. The Joint Committee on Taxation — Congress’s nonpartisan team of tax analysts — found that every income group would see a tax cut on average.… -
media mention April 15, 2019 WBUR On Point: When The IRS Is Gutted, It’s Low-Income Americans Who Are Hit Hardest
“At least 60 companies reported that their 2018 federal tax rates amounted to effectively zero, or even less than zero, on income earned on U.S. operations, according to an analysis… -
media mention April 15, 2019 Bloomberg: Big Tech’s Big Tax Ruse: Industry Splurges on Buybacks
Spending on research and development climbed slightly. Capital expenditures rose because Alphabet Inc. and Facebook Inc. almost doubled spending in that category. Apple Inc. and its partners have yet to… -
media mention April 15, 2019 Money: Happy Tax Day: Here Are 60 Giant Corporations That Paid Less in Taxes Than You Did
Tax Day 2019 is here! Monday, April 15, is when taxes are due, so you are probably keenly aware of how much you pay in taxes right now. It may… -
media mention April 15, 2019 Yahoo! Finance: 9 Popular Companies that Paid $0 in Taxes for 2018
A new report reveals that some American companies didn’t just pay no taxes last year — they paid negative taxes. The report by D.C.-based think tank Institute on Taxation and Economic Policy (ITEP) looked… -
media mention April 15, 2019 San Jose Mercury News: Which Bay Area Companies Didn’t Pay Federal Income Tax in 2018?
Corporations — they’re just like us. They, too, have to file income taxes every year. But unlike most of us, they have teams of accountants who can minimize their tax… -
media mention April 15, 2019 Salt Lake Tribune: It’s Tax Day. If you’ve procrastinated, there are some things you should know
A recent report by the Institute on Taxation and Economic Policy says low- and middle-income Utahns pay an overall effective tax rate that is higher than the rate paid by… -
media mention April 15, 2019 Minnesota Public Radio: Are Minnesotans Happy with President Trump’s Tax Cuts?
Carl Davis, ITEP’s research director, participated in this half-hour segment on how the public feels about the 2017 Trump-GOP tax cuts. Listen here or get more info here: https://www.mprnews.org/listen?name=/minnesota/podcasts/kerri-miller/2019/04/15tax_day_20190415_64.mp3 -
media mention April 14, 2019 Hill Reporter: Corporations Getting Hundreds Of Millions In Tax Rebates, Thanks Mainly To Trump
At least 60 companies reportedly owed nothing on their federal taxes for the year 2018, according to research compiled by the Institute on Taxation and Economic Policy. That number is… -
media mention April 14, 2019 Connecticut Post: Pot Tax Rate Key to Driving Down Illegal Market in Conn.
But potency-based taxation requires good laboratories and technology to accurately test THC levels, said Uetake who teaches marketing at Yale’s School of Management. “Reliability and replicability of testing remain problematic,”…