Select Media Mentions
Mansion Global: Trump Said He’s Bringing SALT Back. Tax Experts Say It’s Not so Easy.
November 14, 2024
“Most of the changes in the 2017 tax law were things that benefit the rich,” said Steve Wamhoff with the Institute on Tax and Economic Policy. “The cap on SALT deductions was one of the few things that limited tax breaks for the rich. That’s not to say that everyone affected by the SALT cap is rich, but the vast majority of impact is going to be with the richest 1%.”
New Yorker: Republican Victory and the Ambience of Information
November 14, 2024
Why didn’t the speeches register? Why did people persist in thinking that Harris was short on policy; that Trump’s programs would boost the American economy, despite a widely broadcast consensus from sixteen Nobel Prize-winning economists to the contrary; or that he would lower taxes for working people, though the Institute on Taxation and Economic Policy calculated that he would increase them? Even many of Trump’s critics think his first term marked a high point for border patrol, though more unauthorized migrants have been forced to leave under Biden. (Why was Biden’s Presidency widely dismissed as desultory, when, in fact, as my colleague Nicholas Lemann recently put it,…
The Guardian: How a Republican Trifecta Makes Way for Trump’s Rightwing Agenda
November 14, 2024
With the confirmation that Republicans have won a majority in the House of Representatives, Donald Trump and his party will now have a governing trifecta in Washington come January, giving the new president a powerful perch to enact his rightwing agenda.
Newsweek: Will the 2024 Election of Donald Trump Impact Social Security?
November 12, 2024
Social Security is a critical part of millions of Americans’ lives, providing a financial safety net for retirees, disabled individuals and survivors of deceased workers. For many retirees, Social Security benefits are a primary source of income, helping them cover essential living expenses such as housing, food and healthcare. Read more.
NPR’s Marketplace: The Trump 2.0 Economy
November 10, 2024
Donald Trump won a second term as president this week, promising an end to the “inflation nightmare” through some potentially inflationary policies. Here’s what the economy could look like under Trump 2.0. Read more.
The Independent: Trump Says His Mass Deportation Plan Has ‘No Price Tag’ As He Prepares to Boot Millions from the Country
November 8, 2024
Trump’s militarized removals could cost billions while upending the economy and ripping families and communities apart. Read more.
Searchlight New Mexico: Donald Trump’s Victory Puts All Eyes Back on the Border
November 7, 2024
On October 31, Donald Trump landed in Albuquerque at a private aviation hangar, a location he chose for a rally in part because he owes the city half a million dollars from a 2019 event at the Santa Ana Star Center, and he wasn’t welcome at the downtown convention center. He stepped off the plane, […]
Washington State Standard: Washington’s Capital Gains Tax Survives Repeal Effort
November 7, 2024
An initiative to repeal Washington’s capital gains tax, which levies a 7% tax on the sale or exchange of long-term assets like stocks, bonds and business interests, was defeated Tuesday. Read more.
Money: Donald Trump Is the President-Elect. Here’s What It Means for Your Wallet
November 7, 2024
Early this morning, the Associated Press declared Republican nominee Donald Trump the winner of the 2024 presidential election. And though nothing is certain, we do have a few clues as to how a second Trump presidency could affect Americans’ wallets in the short term. Read more.
NerdWallet: What to Know About Harris and Trump’s Tariff Campaign Promises
November 5, 2024
It’s election week, and Vice President Kamala Harris and former President Donald Trump are making their last-ditch efforts to recruit voters. At the top of many Americans’ minds, of course, is the economy.
The Independent: Elon Musk Wants to Gut the Federal Government Under Trump. What Could That Look Like?
November 5, 2024
The wealthiest man on the planet is pumping tens of millions of dollars into Donald Trump’s campaign. He owns an influential social media company where he embraces right-wing influencers and conspiracy theories now dominating the platform. He has business interests with China and Russia’s Vladimir Putin’s regime while his companies receive billions of dollars in US government contracts.
New York Times: Trump’s Closing Argument: Lies, Distortions and Inaccuracies
November 4, 2024
Former President Donald J. Trump, in the closing days of the 2024 election, continues to be a font of exaggerations, misleading claims and outright lies.
Money: Trump vs. Harris: How Could Your Tax Bill Change Under Each Candidate?
November 2, 2024
Both Kamala Harris and Donald Trump have made a point of talking about taxes in the final days leading up to the presidential election. This is no accident: With more than 144 million taxpayers filing individual income tax returns this year, it’s a topic a huge swath of voters are likely paying attention to. Read […]
Business Insider: What a Trump or Harris Presidency Would Mean for Your Tax Bill
October 31, 2024
In the fourth installment of BI's five-part series in the final stretch before the election, Business Insider is looking at the ways each candidate's policies could affect how much you pay in taxes. (Read part one about investments, part two about costs, and part three about housing.)
New York Times: Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
October 24, 2024
Former President Donald J. Trump has spent much of the presidential campaign brainstorming new, and sometimes untested, ways to cut taxes. In the election’s final stretch, he raised the possibility of going even further: eliminating income taxes entirely.
The Marshall Project: Fact-checking Over 12,000 of Donald Trump’s Statements About Immigration
October 23, 2024
The Marshall Project used text analysis to identify 13 major claims about immigration in over 350,000 of Trump’s public statements from Factba.se, some of which Trump has made 500 times or more. All of them are untrue or deeply misleading. Read more.
CNN: Trump’s Mass Deportation Plans Would Be Costly. Here’s Why
October 19, 2024
Former President Donald Trump vows he’ll kick millions of undocumented immigrants out of the US if he’s reelected. Read more.
New York Times: How Trump’s Radical Tariff Plan Could Wreck Our Economy
October 18, 2024
As a result, tariffs would raise the cost of living more for middle- and lower-income families than the average. An estimate by the Institute on Taxation and Economic Policy, which assumes a 20 percent tariff, finds that it would reduce the real income of families in the bottom fifth of earners by 5.7 percent, of middle-income families by 4.6 percent, but of the top 1 percent by only 1.4 percent. An analysis by the Peterson Institute for International Economics arrives at similar numbers. In other words, Trump’s 2.0 tariffs would in effect be a strongly regressive tax increase, imposing a…
CBS News: Trump’s Plan to Deport Millions of Immigrants Would Cost Hundreds of Billions, CBS News Analysis Shows
October 18, 2024
Immigration researchers, lawyers, and economists have pointed to immense constitutional, humanitarian and economic problems posed by Trump's oft-repeated pledge. But beyond the anticipated damage to immigrant families, communities and local economies, the roundup and deportation of some 11 million people is near impossible to bankroll, according to an analysis of U.S. budget and immigration court data by CBS News.
Variety: From Tariffs to Taxes to Tyranny, Hollywood Braces for the Possibility of a Donald Trump Victory
October 18, 2024
Abbasi’s experience says a lot about the anxiety gripping the entertainment world as it watches a tumultuous, enormously consequential election unfold. From corporate suites to studio lots, Hollywood is bracing for a possible Trump return, one that could bring chaos and deepen political divisions in a polarized country.
Audio: ITEP’s Amy Hanauer Talks Presidential Tax Plans on NerdWallet Podcast
October 17, 2024
Paycheck Politics: What Presidential Tax Plans May Mean for Your Wallet. Listen here.
Washington Post: “Off the Charts”: How Trump Tariffs Would Shock U.S., World Economies
October 16, 2024
Former president Donald Trump is campaigning on the most significant increase in tariffs in close to a century, preparing an attack on the international trade order that would likely raise prices, hurt the stock market and spark economic feuds with much of the world.
New York Times: Trump and Harris Both Like a Child Tax Credit, but With Different Aims
October 16, 2024
Vice President Kamala Harris has made an expanded child tax credit central to her campaign, and former President Donald J. Trump boasts, “I doubled the child tax credit.” With a quick look, voters might think the child-rearing subsidy the rare matter on which the rival candidates agree.
Los Angeles Times: Here Are 4 Campaign Promises from Trump. What Are Their Chances if He Wins?
October 16, 2024
The economic impacts would be huge. In California, an estimated 1.5 million workers — 7% of the state’s labor force — are undocumented, according to the Pew Research Center. The Institute on Taxation and Economic Policy, a left-leaning think tank, found that undocumented workers paid $96.7 billion in taxes in 2022, including $8.5 billion in California.
Mother Jones: Trump’s Reverse Robin Hood Tax Cuts of 2017
October 16, 2024
On October 7, the nonpartisan Institute for Taxation and Economic Policy released an analysis of whom Trump’s tax proposals would benefit. It’s probably not you.
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