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 December 27, 2017 The Street: General Electric Has Seen Almost $70 Billion of Its Value Disappear in 2017
GE was one of 18 Fortune 500 companies that paid no net federal income taxes between 2008 and 2015, a study by the Institute on Taxation and Economic Policy found.… -
media mention December 25, 2017 Alternet: Republican Tax Plan Opens Backdoor to Federally Supported School Vouchers
Another voucher-like provision Republicans put into the tax code will not have as much immediate impact as the 529 extension but may have much more negative and wide-reaching effects long-term.… -
media mention December 24, 2017 Vanity Fair: “You All Just Got a Lot Richer”
When Donald Trump and the Republican party unveiled its precious tax legislation, outside analysts immediately noted that the bill seemed designed to favor a slim subset of Americans. The Institute… -
media mention December 22, 2017 Fortune: Real Estate Investors Will Love This Last-Minute Change to the Tax Plan
This is an excerpt from an op-ed by ITEP Senior Fellow Steve Wamhoff that appeared in Fortune. A last-minute change to the just-passed tax plan that would benefit real estate… -
media mention December 22, 2017 Pittsburgh Post-Gazette: Tax Changes Could Help Parochial Schools
As a result, a preferred private school gets funding, which it must use to offset tuition for low-income students. The donor loses almost nothing. There are certain tax situations in… -
media mention December 22, 2017 Investors’ Business Daily: GE Cash Crunch That Hit Dividend May Get Worse Under Trump Tax Cuts
Companies had held off on paying income taxes on foreign earnings until those funds are returned, or repatriated, to the U.S. The 35% domestic rate has led several companies to… -
media mention December 22, 2017 Associated Press: Windfall for Workers Too?
Since the Senate passed its initial tax overhaul, 32 companies have announced share buybacks totaling $83.7 billion, Schumer’s office said. Matthew Gardner, a senior fellow at the liberal Institute on… -
media mention December 22, 2017 Washington Post: The Finance 202: Trump pledged to slash a key break for investment managers. Here’s the inside story of how he failed.
From the Institute on Taxation and Economic Policy: AT&T’s Tax Rate for Past 8 Years: 8.1% Boeing’s Tax Rate for Past 8 Years: 5.4% The idea that a new lower… -
media mention December 22, 2017 CBS News: Bonuses for Some Workers After Tax Bill Passes
Matthew Gardner, a senior fellow at the liberal Institute on Taxation and Economic Policy, said companies have been sitting on large cash holdings for years that easily could have gone… -
media mention December 21, 2017 WJLA: Republicans Predict Voters Will Like Tax Bill Once They See Benefits
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said it is important to look beyond the headlines to put these bonuses in context. An ITEP… -
media mention December 21, 2017 CNBC: Here’s How the Tax Bill Will Affect the Richest 1 Percent in All 50 States
On Wednesday, the House approved a sweeping overhaul of the nation’s tax code. President Donald Trump is expected to sign the legislation soon. As for how it will affect individuals,… -
media mention December 20, 2017 The Chicago Tribune: The GOP Tax Plan Has a Nasty Surprise for Parents with College-Age Kids
“I don’t think they gave it a lot of thought,” said Steve Wamhoff, senior fellow for federal tax policy at the Institute on Taxation and Economic Policy. Currently, all parents… -
media mention December 20, 2017 USA Today: The new tax plan will make Trump’s family richer, experts say. Here’s how.
“Usually when people sell property at a profit, that profit is considered income and taxed,” said Steve Wamhoff, senior fellow for federal tax policy at the nonpartisan Institute on Taxation… -
media mention December 20, 2017 The Hill: The most surprising winners from Trump’s ‘America First’ tax plan are not American
Following is an excerpt from an op-ed by ITEP Senior Fellow Matthew Gardner: When President Trump announced in his inauguration speech that he would pursue a policy of “America First,”… -
media mention December 20, 2017 Newsweek: Trump’s Huge Tax Cuts for the Rich Betray Working People
Following is an excerpt from an op-ed by ITEP Executive Director Alan Essig: The Institute on Taxation and Economic Policy (ITEP) analyzed the final House and Senate bill. Households in… -
media mention December 20, 2017 Between the Lines: Unpopular GOP Tax Code Revision Rewards Party Donors, Exacerbates Inequality
ALAN ESSIG: It’s basically a Christmas gift to the most profitable corporations and the wealthiest Americans. It is a bill that has been written for and geared towards – and… -
media mention December 19, 2017 CNBC: Tax Expert: Middle-Income Families an ‘Afterthought’
Tax expert: Middle-income families an ‘afterthought’ in GOP tax plan from CNBC. -
media mention December 19, 2017 Washington Post: The Tax Bill Is Worse Than Bad, It’s Corrupt
For most taxpayers who use the existing deduction, this doesn’t solve their problem. One estimate from the Institute on Taxation and Economic Policy found that 1.89 million Californians would still… -
media mention December 19, 2017 Bloomberg: These Are the Tricks States May Use to Get Around the SALT Deduction
Republican Senate and House negotiators in Washington agreed last week on a $10,000 cap on state and local tax deductions, or SALT. In high-tax states, that’s bad news. Personal taxes… -
media mention December 19, 2017 CNBC: Here’s How the Final GOP Tax Bill Would Hit Your Wallet
Your odds of being hit with a bigger bill depend on a number of provisions in the more than 500 pages of new rules. To better show the impact of… -
media mention December 19, 2017 New Republic: The Republican Tax Bill Is a Gift to the Washington Blob
Corker, who is already under federal investigation for alleged insider trading involving a real-estate firm, spent the weekend making a series of less-than-convincing statements justifying his switch. He first told… -
media mention December 19, 2017 International Business Times: Senator Orrin Hatch Says He Wrote Tax Provision At Center Of Corker Controversy
Experts familiar with the specific workings of how the tax break is formulated said that while there are some general similarities between the House bill and the conference report, Hatch… -
media mention December 19, 2017 BBC: Will Trumps Plan Trigger a Tax War?
To offset the revenue losses, the US is imposing a one-time tax on profits held abroad, levied at 15.5% for cash and 8% for illiquid assets. Depending on your perspective,… -
media mention December 19, 2017 CBS: Here’s a Surprising Winner in the Tax Bill
One of the biggest beneficiaries of the tax overhaul bill progressing through Congress might not seem obvious. But foreign investors stand to come out ahead. Although President Donald Trump seeks… -
media mention December 17, 2017 BBC: Will Trump’s Tax Plan Trigger a Tax War?
Depending on your perspective, the measure either captures tax that firms otherwise would have avoided, or provides companies with a major break on what they would have otherwise owed. “Allowing…