An analysis of that bill by the Institute on Taxation and Economic Policy found it would bring a huge tax cut for the richest 1% of residents, while the biggest tax increase would affect those making less than $21,000 a year.
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 11, 2018 CNN: Kentucky Governor Signs Controversial Pension Bill as Teachers Call for Rally
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media mention April 10, 2018 Tribune News Service: Amid Teacher Protests, Kentucky Governor Vetoes Budget and Tax Plan
Democratic lawmakers expressed support for Bevin’s decision to veto the tax changes. In a joint statement from Senate Minority Leader Ray Jones and House Minority Leader Rocky Adkins, the two… -
media mention April 10, 2018 Fiscal Times: Who Wins if Temporary Tax Cuts Are Made Permanent
Virtually all of the individual tax cuts are temporary, and making them permanent is being pitched politically as a win for middle-class taxpayers. But according to a new analysis from… -
media mention April 9, 2018 Lexington Herald-Leader: Bevin Vetoes Entire State Budget and Tax Overhaul Plan
Democratic lawmakers expressed support for Bevin’s decision to veto the tax changes. In a joint statement from Senate Minority Leader Ray Jones and House Minority Leader Rocky Adkins, the two… -
media mention April 9, 2018 CNBC: Trump Organization’s Online Store Adds Virginia to Short List of States Collecting Tax on Its Sales, Bringing Total to 3
“You have Trump Tower New York and the Trump Store in Trump Tower pointing people to the site, essentially being salespeople,” Carl Davis, research director of the nonpartisan Institute on… -
media mention April 6, 2018 Associated Press: Amazon Ignores Trump’s Attacks as It Molds a Business Empire
Trump’s charge that Amazon pays “little or no taxes” may have merit. Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, said in February that… -
media mention April 6, 2018 The Motley Fool: Amazon Is a Master of Tax Avoidance
Until the stock’s recent dive, Amazon was the second-most valuable company in the country, worth nearly $800 billion and behind only Apple. However, the company paid no U.S. income taxes on… -
media mention April 6, 2018 Courier Journal: Kentucky Tax Reform Bill is a Break for the Rich but a Hike for Everybody Else, Study Says
The tax bill that zipped through the General Assembly on Monday will amount to a tax break for millionaires but a tax increase for 95 percent of Kentuckians, according to an analysis by the Washington-based Institute for Taxation and Economic Policy.
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media mention April 6, 2018 WUKY: A Tale Of Two Tax Studies
“This is a complicated tax plan with a lot of moving pieces, but the net result is clear: that it is middle-class tax hike. Kentucky’s poorest families and the middle class will end up paying more while the state wealthiest taxpayers are going to end up paying less,” ITEP analyst Aidan Davis says.
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media mention April 4, 2018 MarketWatch: Trump Is Jealous Amazon Is Better at Avoiding Taxes
In 2017, Amazon paid no federal tax on $5.6 billion in U.S. profits, according to an analysis by Matthew Gardner at the Institute on Taxation and Economic Policy. During the… -
media mention April 4, 2018 Washington Post: If Trump Wants to Go After Amazon, He Has Options
Despite Trump’s complaints, Amazon started paying sales taxes in 2017 in most states after setting up warehouses across the country to expedite its delivery times. But Amazon does not collect sales taxes… -
media mention March 30, 2018 New York Times: Silicon Valley Warms to Trump After a Chilly Start
But Silicon Valley’s favorite thing about Mr. Trump is almost certainly his new tax code. Many tech companies lobbied for corporate tax reform for years before Mr. Trump signed the… -
media mention March 30, 2018 New York Times: The Facts Behind Trump’s Tweet on Amazon, Taxes and the Postal Service
Mr. Trump has made similar claims before about Amazon’s tax payments, both as president and a private citizen. After he mentioned it in August 2017, The New York Times reported:… -
media mention March 30, 2018 New York Times: Still Angry at The Washington Post’s Coverage, Trump Bashes Jeff Bezos’ Amazon
There was also some irony in the criticism coming from Trump, who has boasted about his dexterity in avoiding paying taxes. “This is the guy who said that not paying… -
media mention March 30, 2018 ABC News: President Trump Attacks Amazon in New Tweet
Earlier this week, the Institute on Taxation and Economic Policy, a nonpartisan organization, released a report saying that Amazon has an advantage over brick-and-mortar businesses because Amazon does not collect… -
media mention March 30, 2018 Politifact: The Facts Behind Trump’s Jabs at Amazon on Taxes, USPS and Lost Retail Jobs
Amazon paid $957 million in income tax in 2017, according to regulatory filings. Amazon paid nothing in federal taxes this year thanks to tax credits and, in large part, Trump’s… -
media mention March 30, 2018 Gizmodo: Trump’s Claim That Amazon Pays No Taxes Is Utter Nonsense
Recent financial reports have highlighted the fact that Amazon, which raked in more than $5.6 billion in profits last year, paid $0 in federal income taxes. It accomplished this, according… -
media mention March 30, 2018 Newsweek: Trump, Who Just Gave Amazon a Huge Tax Break, Wants the Company Taxed
Noticeably absent from Trump’s critique of the company’s tax payments was its treatment under federal tax law. Amazon, which is currently valued at $673 billion, paid zero federal taxes in… -
media mention March 30, 2018 Fortune: President Trump Claims Amazon Pays “Little or No Taxes.” Here’s Where He’s Wrong
Where Trump is correct: Amazon doesn’t collect taxes on behalf of third-party vendors, and it still may not collect some local taxes, giving it an advantage over some traditional retailers,… -
media mention March 30, 2018 The Wrap: Trump Blasts Amazon for Tax Breaks, Using USPS as ‘Delivery Boy’
The Seattle-based company avoided paying federal income taxes for 2017, despite posting more than $5.5 billion in income last year, according to a recent analysis from Matthew Gardner of the… -
media mention March 30, 2018 CNN: Trump v. Amazon, Let’s Set the Record Straight
The company has not disclosed how much its customers pay in sales taxes, but it is considerable. Its North American sales came to $106 billion last year, suggesting that it… -
media mention March 30, 2018 Bloomberg Law: Trump’s Amazon Tweet Comes at Eventful Time for State-Local Taxes
Meanwhile, Amazon may not be paying its share of local sales taxes. A report released March 26 by the left-leaning Institute on Taxation and Economic Policy said Amazon either doesn’t… -
media mention March 30, 2018 Dallas Morning News: Texas Was Tougher Than Other States in Dealing with Amazon on Sales Taxes
When a Dallas resident or shopper in College Station or Lubbock makes a purchase from Amazon or any other online retailer with a physical presence in Texas such as Wayfair… -
media mention March 29, 2018 Hawaii News Now: Nonprofit to State on Tax Savings for Low-Income Families: Check Your Math
The state miscalculated the benefits of the federal tax overhaul to low-income families in Hawaii, a new analysis concludes. The source of the confusion: The scope of the tax savings that the child tax credit benefit would offer very low-income families (those earning up to $10,000 a year).
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media mention March 29, 2018 Honolulu Star Advertiser: New Tax Benefits Likely Overstated for Hawaii’s Poorest
A nonpartisan Washington, D.C.-based nonprofit, the Institute on Taxation and Economic Policy, has estimated that Hawaii’s richest 1 percent, represented by households earning over $554,230, would save $39,420 on average next year under the new law. The group also figured that Hawaii taxpayers earning less than $26,620 would save $130 on average in taxes.