Select Media Mentions
Bloomberg BNA: Taxes Lost to Offshore Profits Rise to $752B in 2016
October 17, 2017
The report, released Oct. 17 by the left-leaning U.S. Public Interest Research Group Education Fund and the Institute on Taxation and Economic Policy, “undermines the case for any tax proposal that would allow companies to repatriate their U.S. profits at a special low tax rate,” according to a news release. In addition to a lower […]
New York Times: U.S. and Europe May Collide on Taxing Apple and Amazon
October 13, 2017
The rulings on Amazon and Apple — which those companies are disputing — are byproducts of a race among governments to lure corporate giants to their shores in the hunt for new sources of revenue. That cutthroat competition is the reason that 73 percent of Fortune 500 companies have a subsidiary in a low-tax haven, […]
FiveThirtyEight: The GOP Had One Big Divide On Health Care. It Has Three On Taxes.
October 11, 2017
Here’s the problem: The draft Republican plan would raise a lot of people’s taxes. Estimates from the Tax Policy Center suggest that limiting tax deductions and going from seven tax brackets to three would cause tax increases for about 12 percent of taxpayers,1 including a third with incomes between $150,000 and $300,000, who would pay […]
Select State News Coverage of ITEP’s 50-State Analysis of the GOP Tax Proposal
October 10, 2017
The Sentinel: Trump Tax Even in Harrisburg Will Feature Truckers The Columbus Dispatch: 15% of Ohioans Could See Tax Increase Under GOP Plan KGW Portland: Richest Oregonians Benefit Most from Proposed Tax Cuts Raleigh News & Observer: The Racial Wealth Divide Could Grow with Tax Changes Northwest Indiana Times: Hoosiers Would Lose in Trump Tax […]
Ralph Nader Radio Hour: The Truth About Trump’s Tax Plan
October 7, 2017
Ralph and Alan Essig, Executive Director of Citizens for Tax Justice break down President Trump’s Tax Reform proposal and insurance expert, Robert Hunter, returns to explain what’s going on with hurricane and flood insurance in the wake Harvey, Irma and Maria. Read more
Electablog: Everything You Need to Know About the Trump Tax Plan
October 7, 2017
http://www.eclectablog.com/2017/10/episode-53-everything-you-need-to-know-about-the-trump-tax-scam.html
Mother Jones: Republicans Are Already Giving Up on a Key Part of Trump’s Tax Plan
October 5, 2017
For the third time in eight days, a new study has found that President Donald Trump’s tax plan is a major handout to the richest Americans. On Wednesday, the left-leaning Institute on Taxation and Economic Policy estimated that the top 1 percent of Americans would get 67 percent of the benefits from the Republican tax plan released last […]
The Washington Monthly: The Republican Tax Cut Framework Is Already in Trouble
October 4, 2017
The tax cut framework suggests that Republicans will eventually define some corporate tax loopholes to close. They haven’t done so yet because that will unleash a host of corporate lobbyists to fight against them, which is all the proof we should need that the statutory tax rate, as it exists today, is meaningless. The real […]
Bloomberg: Trump Plan Aims New Foreign Tax at Apple, Other Multinationals
October 2, 2017
Currently the U.S. taxes corporate profits worldwide, no matter where they’re earned. That approach — which makes America unique among developed nations — comes with a large asterisk: Companies can defer paying tax on their overseas earnings until they return that income to the U.S., a process known as repatriation. The repatriation quirk has prompted […]
Raleigh News & Observer: The Racial Wealth Divide Could Grow with Tax Changes
September 30, 2017
But that’s assuming nothing changes. If Trump moves forward with the policies he campaigned on, especially his tax “reform” plan, the gap surely grows. Trump’s tax plan is heavily skewed toward providing massive tax breaks for the ultra-wealthy. Half of the proposed cuts will go to millionaires, according to the Institute on Taxation and Economic […]
On Point with Tom Ashbrook: Totaling Up President Trump’s Tax Overhaul Plan
September 28, 2017
And now, it’s time for the Trump tax plan. A miracle for the middle class, the president said in Indianapolis yesterday. He’s selling hard. But there are knowns and unknowns here. Known: upper-income households would get large tax cuts. Known: lower-income households would get none. Unknown: how exactly the middle class would make out. Or […]
Salon: Everyone Hates Trump’s Godawful Tax Plan — Except the GOP Donor Class
September 28, 2017
Wealthy businesses and individuals will benefit from the proposal in other ways as well, including a reduction in the corporate tax rate from 35 percent to 20 percent. On the other hand, the outline also proposes eliminating many corporate deductions, which primarily benefit the largest enterprises. According to research by the left-leaning Institute on Taxation and […]
Bloomberg: Stock Traders Celebrate Nonexistent Tax Cuts
September 28, 2017
Although Republicans say the plan is to reduce the corporate tax rate to 20 percent from the current 35 percent, the Institute on Taxation and Economic Policy found that more than 250 of the largest U.S. companies already paid an effective rate of just 21.2 percent from 2008 to 2015. Read more
Think Progress: Trump’s Plan Gives Corporate Tax Lobbyists Nearly Everything They Want
September 28, 2017
Another key corporate giveaway in the proposal would allow multinational corporations to bring accumulated foreign earnings back to the homeland at a low one-time rate, known as a repatriation tax. The administration has still not announced that rate but officials have reportedly indicated it will be somewhere in the 10 percent range. The non-partisan Institute […]
Fox News: Trump, Republicans reveal tax plan: What to know
September 27, 2017
The Institute on Taxation and Economic Policy last week slammed Trump’s plan as it said it wouldn’t alleviate financial burdens of the middle class. “Vague promises can’t conceal the hard facts: if anything resembling President Trump’s current proposal becomes law, the outcome would be a redistribution of wealth to the already wealthy on a scale […]
New York Times: Will a Corporate Tax Holiday Give Workers Anything to Cheer?
September 26, 2017
Apple alone is sitting on an overseas stash of almost $260 billion, according to Bloomberg, while Microsoft has more than $120 billion parked abroad. The pharmaceutical giant Pfizer does not regularly disclose how much of its offshore profits are stored in foreign tax havens, but the Institute on Taxation and Economic Policy estimates that at […]
New York Times: Nothing Is Too Strange for Cities Wooing Amazon to Build There
September 25, 2017
Tax policy experts are more skeptical of Amazon’s bidding process and how much cities stand to benefit. “Why are they doing this whole dog and pony show? Amazon wants something for nothing,” said Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a nonpartisan think tank. “They would like a package […]
Mother Jones: The 5 Biggest Myths In Republicans’ Quest To Lower Corporate Taxes
September 22, 2017
And then there are the companies that pay far less than the average—or sometimes nothing at all. Earlier this year, the left-leaning Institute on Taxation and Economic Policy found that eighteen profitable Fortune 500 companies, including General Electric and Priceline, had paid no federal corporate taxes from 2008 to 2015.
Associated Press: Doubts Arise on Whether Corporate Tax Cut Would Boost Growth
September 18, 2017
The AT&T executive added that “anything” would be an improvement on the current corporate tax rate of 35%. But like many corporations, AT&T also benefited substantially from tax breaks between 2008 and 2015, saving as much as than $38 billion, according to an analysis by the left-leaning Institute on Taxation and Economic Policy. The administration […]
The Richmond Register: DACA Recipients in Limbo While Congress Debates
September 16, 2017
The Institute on Taxation and Economic Policy (ITEP) revealed dreamers pay an effective state and local tax rate of 9.1 percent of their income. That’s higher than the wealthiest 1 percent in Kentucky who pay just six percent. ITEP puts the total amount of taxes undocumented immigrants of all ages contribute to Kentucky in state […]
International Business Times: There Is a Direct Link Between Tax Evasion and Inequality
September 13, 2017
According to Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a Washington, D.C.-based think tank, the reason the U.S. exhibits such a high level of wealth inequality, even without hidden holdings taken into account, is that “we have a tax system that’s pretty much designed to help individuals accumulate wealth.” […]
Money Morning: Trump’s Tax Plan Gives Perks to the “1%,” Shirks Everyone Else
September 13, 2017
The White House has just 12 days to fix a glaring flaw in President Donald Trump’s tax plan. That’s because just this morning (Sept. 13), his administration promised to provide further specifics on that plan no later than Monday, Sept. 25. So what’s the flaw? The Institute on Taxation and Economic Policy (ITEP) has found […]
CNBC: Richest Households Get the Biggest Benefit Under Trump Plan
September 13, 2017
This report, using ITEP data, examines which households will benefit most from the White House’s proposed tax plan. https://www.cnbc.com/video/2017/09/13/richest-households-get-biggest-benefits-under-trump-tax-plan-report.html
Fox Business: Trump gives assurances on tax reform,
September 13, 2017
According to an April 2017 report by the Institute on Taxation and Economic Policy, a Washington research organization, the top 1% of income earners in the United States pays an estimated 23.8% share of total taxes. Read more
Marketplace: The American Dream: How Undocumented Immigrants Buy Homes in the U.S.
September 12, 2017
Undocumented immigrants pay as much as $3.6 billion in property taxes each year, according to the Institute on Taxation and Economic Policy which analyzed MPI’s undocumented home ownership data. The data helps dispel the myth that undocumented immigrants aren’t paying taxes, said Meg Wiehe, co-author of the report and a deputy director at ITEP. Even […]
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].
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.