“Since 2012, when Republicans took full control of the legislature and governorship for the first time in modern history, they’ve been on a tax cutting rampage,” said Meg Wiehe, a North Carolina native and deputy director of the Institute on Taxation and Economic Policy. “The state will be about $3.6 billion shorter in revenue than it would have been otherwise, which is a pretty significant difference in a state with a general fund of just around $21 billion.”
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 October 11, 2018 TalkPoverty: North Carolina Legislators Want to Add Tax Breaks for the Rich to the State Constitution
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media mention October 11, 2018 Law360: TCJA Increases Racial, Economic Tax Divides, Report Says
The recent federal tax overhaul disproportionately benefits white households over households of color, increasing the wealth gap not just along income lines but along racial lines as well, according to a…
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media mention October 11, 2018 New York Times: White Americans Gain the Most From Trump’s Tax Cuts, a Report Finds
The tax cuts that President Trump signed into law last year are disproportionately helping white Americans over African-Americans and Latinos, a disparity that reflects longstanding racial economic inequality in the United States and the choices that Republicans made in crafting the law.
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media mention October 5, 2018 NPR: It’s Been 25 Years Since The Federal Gas Tax Went Up
Yet over those 25 years, the cost of building and maintaining roads, bridges and transit has shot up, leaving the highway trust fund, which pays the federal portion of highway and transit projects, running on empty.
“The whole reason this tax exists is to keep our roads paved and to keep our bridges from falling down,” says Davis. “And to do that effectively, it needs to collect a sustainable amount of revenue over time to cover the cost of paving roads and maintaining bridges, and it can’t do that if it’s just not updated for decades at a time.”
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media mention October 4, 2018 Washington Post: How big developers like Trump benefit from web of tax breaks
[Real estate investors] can fall behind on their debts and still face fewer tax penalties for having the debt forgiven than other kinds of investors, according to Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy. Trump took advantage of that, Wamhoff says, when he couldn’t repay debts on his Atlantic City casinos in the 1990s and early 2000s.
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media mention October 3, 2018 Fiscal Times: What Trump’s Family Finances Tell Us About the Tax System
“The key takeaway,” said Alan Essig, director of the liberal Institute on Taxation and Economic Policy, “is that the wealthy and powerful abide by a different set of rules than… -
media mention October 3, 2018 The New Yorker: The Trump Family’s Tax Dodging Is Symptomatic of a Larger Problem
This experience points to an enduring scandal that goes well beyond the Trumps. “The key takeaway from the New York Times article . . . is that the wealthy and powerful abide by… -
media mention October 2, 2018 The Post and Courier: Some Valuable Downtown Charleston Land Now Comes with Tax Breaks
“Even if the tax breaks drive some new investment into low-income areas, this does not guarantee that these investments will ultimately benefit low-income families within the opportunity zones,” said the… -
media mention October 1, 2018 Politico: Morning Tax
Today also marks 25 years since the last federal gas tax increase, which was raised to its current 18.3 cents per gallon in 1993. Plenty of people have talked about… -
media mention September 26, 2018 NJ.com: Murphy Pushes Plan to Save Property Tax Breaks
Only residents of New York, Connecticut, and California deduct more from federal taxes than New Jerseyans, according the progressive Institute on Taxation and Economic Policy. Most of the states hit… -
media mention September 25, 2018 Law360: Permanent Tax Cuts Favor Richest in All But Three States
The second round of tax cuts passed Thursday and Friday by the U.S. House of Representatives would overwhelmingly favor the richest Americans, except for those in three high-tax states, according… -
media mention September 21, 2018 Bloomberg BNA: Understanding the Post-Tax Cuts Buybacks Surge: A Primer
But Matt Gardner, a senior fellow at the liberal-leaning Institute on Taxation and Economic Policy, said the anger over buybacks stems from the idea that, with the passage of the… -
media mention September 21, 2018 Chicago Magazine: Illinois Is a Few Elections Away From a Graduated Income Tax
Illinois has one of the most regressive tax systems in the nation — and politicians are taking notice. Under our system, the burden of taxation falls disproportionately on those least able to pay… -
media mention September 20, 2018 The Free Press: Think Tank Releases Blueprint to Fully Fund Education, Medicaid & Lower Property Taxes
Tax cuts passed by the Maine Legislature and Gov. Paul LePage over the past eight years will cost the state $864 million in revenue in the next biennium, according to an analysis by the Maine Center for Economic Policy and the Institute on Taxation and Economic Policy. At the same time the state continues to ignore its legal obligations to fully fund education, Medicaid expansion and revenue sharing.
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media mention September 14, 2018 The Inquisitor: Amazon Proposal to Cage Warehouse Workers Criticized
“For states contemplating tax incentives for Amazon, the salient question is: what do you give a tax avoider who already has everything?,” Matthew Gardner, senior fellow at Institute on Taxation… -
media mention September 12, 2018 Politico Morning Tax: Let’s Talk SALT
Cuomo is far from the only Democratic governor or lawmaker to unload on the SALT cap as, essentially, a broadside against progressive states. But at least one liberal think tank… -
media mention September 11, 2018 The Washington Post: GOP Pushes for New $2 Trillion Round of Tax Cuts
Democrats said the GOP’s second round of tax cuts would punish the poor and the middle class, arguing that they will provide a pretext for later spending cuts to entitlement… -
media mention September 11, 2018 Education Week: How a Proposed Tax Rule Could Hurt School Vouchers
Under the Tax Cuts and Jobs Act passed in 2017, wealthy residents in states such as New York and California face sizable increases in their federal tax bills because of… -
media mention September 11, 2018 Seattle Times: Is a State Like Washington with No Income Tax Better or Worse?
These taxes place an unfair burden on the poor, according to research from the Institute on Taxation and Economic Policy. The reason is the lowest earners in the state devote… -
media mention September 11, 2018 The Journal News: Gov. Andrew Cuomo’s Anti-Trump Tax Plan Crumbling in Face of IRS Regulations
Similar programs give state tax credits on 100 percent of the donations in states such as Alabama, Georgia, Arizona and South Carolina. It’s a system that has proved profitable for… -
media mention September 6, 2018 Politico: A SALT Shake up
So what happens now after this new clarification? “Under the right circumstances, some business owners are going to keep getting more back in tax cuts than they ever contributed to… -
media mention September 4, 2018 WRAL: Meg Wiehe: Capping North Carolina’s top income tax rate isn’t good for our communities
ITEP Deputy Director Meg Wiehe writes for WRAL.com that it would be unwise to constitutionally cap the North Carolina state income tax rate, pointing out that school funding in the state is already down and faltering revenues in other states have led to teacher pay crises and strikes.
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media mention September 4, 2018 WRAL: Capping North Carolina’s Top Tax Rate Isn’t Good for Our Communities
Following is an excerpt from an op-ed written by ITEP deputy director Meg Wiehe: Earlier this year, teachers across the country staged walkouts or full-on strikes to protest low wages… -
media mention September 3, 2018 Philadelphia Inquirer: Why It’s an Unhappy Labor Day for Some Workers
Meanwhile, President Trump’s $1.5 trillion tax cut — like previous massive tax cuts — has failed to trickle down to average workers in a meaningful way, and many of his… -
media mention August 25, 2018 Atlanta Journal Constitution: IRS Proposal Could Hurt Georgia Rural Hospital, School Tax Credits
The change will have no impact on many Georgians because they don’t itemize their deductions when they file their tax returns. “For about 90 percent of people who are just…