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 November 30, 2018 Think Progress: Trump Didn’t Know GOP Tax Bill Incentivizes Businesses to Offshore Jobs
Those findings echoed previous analysis from non-partisan agencies like like the Institute on Taxation and Economic Policy, which found the Republican Tax Cuts and Jobs Act would make offshore tax… -
media mention November 26, 2018 Fortune: It’s Too Easy for the Ultra-Rich to Pass Down Wealth. Here’s How to Fix That
The first is to tax extreme wealth directly—specifically, with a 1% tax on the assets of the wealthiest 0.1% of households, those with assets greater than $20 million. Such a… -
media mention November 26, 2018 New York Daily News: Cyber Monday Shopping Deals Blunting by Supreme Court Ruling
“This is about improved enforcement of a tax that’s already on the books,” echoed Carl Davis, research director at the Institute on Taxation and Economic Policy, to CNBC. “For years,… -
media mention November 24, 2018 NorthJersey.com: Democrats Taking Another Run at SALT Restoration
While it remains to be seen whether bipartisan support for a full or partial SALT restoration is feasible or even affordable in the new Congress, the fight – or at… -
media mention November 20, 2018 Newark Star-Ledger: Your Property Tax Break Might Come Back if These Newly Elected Democrats Have Their Way
Rep. Bill Pascrell Jr., a member of the tax-writing House Ways and Means Committee, said he would introduce legislation in the new Congress to raise the $88 billion in revenue that… -
media mention November 19, 2018 New York Times: Did a Tax Increase Tucked Into Trump’s Tax Cut Come Back to Bite Republicans?
Simply reinstating the unlimited cap, without also reversing the changes to the alternative minimum tax, would deliver no benefit to low-income and middle-class Americans, according to a new analysis by… -
media mention November 19, 2018 Daily Beast: Dear Nancy Pelosi and House Democrats: Why Are You Embracing Trickle-Down Economics?
The Institute on Taxation and Economic Policy has found that from 2000 to 2018, the richest 20 percent of Americans have enjoyed 65 percent of all the tax cuts, with… -
media mention November 17, 2018 Splinter: House Democrats Balk at Prospect of Being Good
That is a disastrous idea. Alan Essig, executive director of the Institute on Taxation and Economic Policy, noted the rule “could make it difficult, as a practical matter, to raise… -
media mention November 16, 2018 Lexington Herald Leader: Kentucky’s New Tax Favors for the Wealthy Won’t Spur the Economy. They Will Worsen Inequality.
Income inequality is soaring in an economy where the winners increasingly take all. The wealthiest one percent of Kentuckians make 94 times more a year on average than the bottom… -
media mention November 16, 2018 Slate: House Democrats Are Already Pursuing a Dumb Tax Stunt, and the Left Is Very Annoyed
But then, tucked at the bottom of page five, there’s an item that’s already setting off alarm bells across the left. The rule—endorsed by Pelosi and Richard Neal, the top… -
media mention November 16, 2018 Washington Post: Democrats Face Early Division in Rules over Taxes
The richest fifth of taxpayers are those who make more than $108,000 annually, said Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy. Some… -
media mention November 16, 2018 Wyo File: Why Are We Footing the Bill for Billionaires?
he question, then, will be: Who pays? That question — “Who pays?” — is also at the center of a report released last month by the Washington, D.C.-based Institute on… -
media mention November 16, 2018 Bloomberg: U.S. Companies Flee No-Tax Caribbean Havens after EU Crackdown
Facebook Inc. has said it plans to almost triple its workforce in Singapore. The social media giant only reports Irish and Singapore subsidiaries, according to a 2017 study by the… -
media mention November 14, 2018 CBS News: Can New York Make Back Its Amazon Investment
Opponents of corporate subsidies said Amazon’s choices prove taxpayer incentives matter much less than advertised. “[A]ccess to an educated workforce and high-quality public amenities are what drive business location decisions… -
media mention November 14, 2018 Real News Network: Even for Local Taxes, the Rich Pay Far Less Than the Poor
Dylan Grundman, an ITEP senior policy analyst, discusses Who Pays. -
media mention November 12, 2018 Yahoo! Finance: How Trump’s Tax Cuts Hurt the GOP in America’s Wealthy Suburbs
Carl Davis, research director at the Institute on Taxation and Economic Policy, told Yahoo Finance that the same story has been playing out across the country. “I think Californians and… -
media mention November 7, 2018 Washington Post: In blow to liberal efforts, voters across the country reject tax increases. (California is the exception.)
North Carolina voters, for instance, approved a change to their state constitution bringing down the maximum allowable tax rate from 10 percent to 7 percent. That will effectively only spare… -
media mention November 6, 2018 Governing: Voters Lower Cap on Income Tax in North Carolina
Still, many worry that locking down North Carolina’s income tax rates will hamstring future policymakers’ ability to raise revenue. North Carolina is one of a handful of states that has… -
media mention November 6, 2018 Washington Post: Threat of Arizona Tax Measure Brings Together Liberals, Koch Brothers
(Meg Wiehe, a tax specialist at the Institute on Taxation and Economic Policy, argued the sales tax is passed on to the consumers and that these businesses are not “double… -
media mention November 4, 2018 The Hill: IRS Sparks New Fight Over School Donations
However, other groups at the hearing, including representatives of public schools and the left-leaning Institute on Taxation and Economic Policy (ITEP), defended the application of the IRS guidance to the… -
media mention November 3, 2018 The New Orleans Advocate: James Gill: Louisiana’s Tax System Isn’t the Most Unfair in the Nation, But It’s not for Lack of Trying
According to a study just released by the Institute on Taxation and Economic Policy in Washington, Washington State sets the regressive standard, while we rank 14th. If your income is $17,100 or less in Louisiana, you’ll pay 11.9 percent of it in taxes. That number shrinks the further you go up on the income scale and is roughly halved by the time you reach fat-cat territory. Sales and excise taxes take 9.2 percent from the poorest, and 1.2 percent from the richest.
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media mention November 3, 2018 The New Yorker: If Jeff Bezos Makes Washington the Second Headquarters of Amazon
Earlier this year, Seattle’s city council passed a tax on large corporations aimed at raising an estimated forty-seven million dollars a year for affordable-housing initiatives. But after about a month the city council repealed the tax—in response to a ballot challenge funded in part by Amazon, which threatened to leave Seattle if the tax was implemented. Matthew Gardner, a tax-policy analyst at the Institute on Taxation and Economic Policy, told the Washington Post, “Nobody on Seattle’s city council wants to be the one who chased Amazon out of town.”
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media mention October 30, 2018 Inside Higher Ed: Democratic Contenders Get Ambitious With Equity Proposals
The Harris tax credit bill, called the LIFT the Middle Class Act, could also have implications for higher ed access — although the legislation wouldn’t have the same focus on assisting students from the poorest families. The proposal would function like a beefed-up version of the earned income tax credit and phase in quickly for individuals and married couples who work.
It would offer substantial immediate benefits. Families earning up to $60,000 could receive up to $6,000 annually under the proposal. The Institute on Taxation and Economic Policy estimated that one million Pell-eligible students would qualify for a $3,000 tax credit under the plan.
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media mention October 29, 2018 NJ Spotlight: GOP Leaders Call on NJ Democrats to Reconsider Middle-class Tax Cuts
The related tax-cut bills — and another that would shield most retirement-savings contributions from state income taxes — were introduced at the start of the year but have not been posted for votes by the Democratic leaders who control the Assembly’s agenda. Bucco suggested a report released earlier this month by the left-leaning Institute on Taxation and Economic Policy that found middle-income taxpayers in New Jersey pay a higher effective tax rate than any other group — including the top 1 percent of earners — as a reason to begin prioritizing adoption of the GOP bills.
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media mention October 29, 2018 PolitiFact: Does Vermont Have the ‘Most Progressive’ Tax System in the Country?
Carl Davis, the research director for ITEP, said he doesn’t believe it would be accurate to call Vermont the most progressive state. California has a much higher top rate for the wealthiest taxpayers, he said.
“In our research Vermont does not have the most progressive system in the nation, but it is certainly far less regressive than the vast majority of states,” Davis said.