Institute on Taxation and Economic Policy (ITEP)

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6,242 posts

New Mexico Voices for Children: NM’s Working Families Tax Credits

• By ITEP Staff

As a group, those who claim the EITC and WFTC pay a large share of their incomes in taxes. In fact, in addition to the federal payroll taxes they pay, New Mexico’s lowest-income households pay a larger share of their income in state and local taxes than the households in every other income group. Those […]

Governing: Coming Soon to 6 States: Online Sales Taxes From Amazon

January 30, 2017

Carl Davis, research director for the Washington, D.C.-based think tank Institute on Taxation and Economic Policy, estimated the state of Missouri could collect between $30 million and $34 million annually from Amazon sales, based on an analysis of revenue generated in other states. “We’re supporters of sales tax being collected on online purchases in the […]

Hartford Courant: Windham Works On Sanctuary City Resolution

January 30, 2017

Hewes pointed to a number of sources of information, including a 2015 report from The Institute on Taxation and Economic Policy. According to this report, “unauthorized immigrants in Connecticut paid $136.6 million in state and local taxes in tax year 2012, including $67.1 million in sales taxes, $53.9 in property taxes, and $15.5 in personal […]

Lawrence World Journal: Voters, please pay close attention

January 30, 2017

Aligned with conservatives in the Senate, Brownback steadfastly refused to consider a direct reversal of the original tax plan, insisting that the state continue on its path toward replacing the income tax entirely with consumption taxes. The most he would do was freeze the rates, and the result was a plan that will place an […]

The Tennessean: Grocery tax proposal complicated for most Tennesseans

January 30, 2017

Other organizations, like the Institute on Taxation and Economic Policy, regard Tennessee’s tax structure statewide as regressive, meaning it inhibits growth and proportionally taxes the poorest Tennesseans the hardest. The group rates Tennessee as one of the “Terrible Ten” and among the worst tax structures in the country. Read more

Bloomberg BNA: States Plan Uneasily for Spending, Taxing in Trump’s Shadow

January 30, 2017

“Too many states are leaning heavily on regressive sales and excise taxes to balance their budgets, or to fund cuts in progressive income taxes and estate taxes,” Carl Davis, Institute on Taxation and Economic Policy’s research director, told Bloomberg BNA. Raising taxes and cutting spending are the options for states in dire straits. The straightforward […]

Washington State Budget & Policy Center: Creating a Safeguard Rebate Is Key to Equitable Property Tax Reform

• By ITEP Staff

  This is the fourth in a series of schmudget blog posts about property taxes in Washington state and the role they play in funding basic K-12 education. Any reform to the Washington state property tax code to help pay for schools must also take steps to make the tax code more equitable. In conjunction […]

Open Sky Policy Institute: Some facts about LB 337 — the governor’s tax plan

• By ITEP Staff

Below are some facts regarding, LB 337, the governor’s income tax cut plan: The example middle-class Nebraska taxpayer used to roll out the plan would not receive a tax cut under LB 337. Once the standard deduction is applied, this taxpayer, who earns $29,831, would not pay the top tax rate on any income, and therefore would […]

Policy Matters Ohio: Common Sense Reform for Working Ohio

• By ITEP Staff

Tax modeling from the Institute on Taxation and Economic Policy (ITEP), a national organization with a sophisticated model of the state tax system, shows that Ohio’s current EITC reaches only about 8 percent of the state’s neediest working families and 11 percent of middle income workers. A 20 percent, refundable, non-capped, EITC would extend the […]

Governing: Despite Budget Shortfalls, Some Governors Call for Tax Cuts

January 26, 2017

In both Colorado and Kansas, the tax increases would help cover projected budget deficits. That can be a dangerous habit, said Meg Wiehe of the progressive-leaning Institute on Taxation and Economic Policy, because such tax increases tend to discourage consumption. “Politically speaking they’re low-hanging fruit,” she said. “The problem in relying on this is it […]

Market Exclusive: Losses And Gains For Gilead Sciences, Inc. (NASDAQ:GILD) Under President Trump Expected

January 26, 2017

A new analysis from the Institute on Taxation and Economic Policy (ITEP) reveals that the likes of Apple and Oracle seem to be some of the biggest winners of Trump’s presidency and especially if the repatriation proposal is put into place.  U.S. firms currently have $2.5 trillion in offshore earnings, which translates to $720 billion […]

Chattanooga Times Free-Press: Tennessee House GOP pursues anything-but-gas-tax-increase plans for road funding

January 26, 2017

According to the Institute on Taxation and Economic Policy, five states have not implemented an increase in their gas tax rates since the 1980s or earlier: Alaska, Oklahoma, Mississippi, South Carolina and Tennessee. That’s longer than any of the 45 other states. Read more

Policy Matters Ohio: Tax Cuts Help Create Ohio’s Revenue Crunch

• By ITEP Staff

In 2015, the General Assembly approved a two-year budget lasting through this June that cuts taxes by nearly $1.9 billion. When legislators approved those cuts, Policy Matters Ohio asked a respected national policy group with a model of Ohio’s tax system to review them. The Institute on Taxation and Economic Policy found that the top […]

Policy Matters Ohio: Tax Cuts Help Create Ohio’s Revenue Crunch

• By ITEP Staff

In 2015, the General Assembly approved a two-year budget lasting through this June that cuts taxes by nearly $1.9 billion. When legislators approved those cuts, Policy Matters Ohio asked a respected national policy group with a model of Ohio’s tax system to review them. The Institute on Taxation and Economic Policy found that the top […]

Gov. Hutchinson’s low-income tax plan: A good start, but needs work

• By ITEP Staff

Governor Asa Hutchinson’s new tax cut proposal includes a break, at long last, for some of the lowest income working families in our state. The bones of this plan are good – it isn’t too expensive, and it includes a portion of the families making less than $21,000 a year who were left out of […]

Statement on Governor Hutchinson’s Low-Income Tax Plan

• By ITEP Staff

The following is a statement from Rich Huddleston, executive director of Arkansas Advocates for Children and Families: Read more here

The Arizona Center for Economic Progress: Questions and Answers About Arizona’s State Budget and Taxes 2017

• By ITEP Staff

State budgets and taxes are the foundation for achieving our common priorities that will lead to more quality jobs, a strong economy, and thriving communities. This publication provides information and analysis to help policymakers, community leaders, and community-based organizations make good decisions about Arizona’s state budget and taxes to reach those goals. These questions and […]

WDEF: HOW WOULD TENNESSEE STACK UP AGAINST OUR NEIGHBORS WITH NEW GAS TAX?

January 23, 2017

“Governor Haslam argues that Tennessee hasn’t raised the gas tax in a long time. In fact, the Institute on Taxation and Economic Policy finds that the 27 years since we raised the tax is one of the longest streaks in the nation. Tennessee ranks 5th longest without a tax increase in their graph.” Read more

Bloomberg BNA: Congress, Courts, Oil Among Pressures on State Budgets

January 23, 2017

“A further problem facing oil states such as Oklahoma, Louisiana, North Dakota and West Virginia is deep cuts they made to severance and other taxes “when times were good,” Carl Davis, research director at the Institute on Taxation and Economic Policy, told Bloomberg BNA.” Read more

Politico: Mnuchin hits the hot seat

January 23, 2017

“Another progressive group, the Institute on Taxation and Economic Policy, found that Fortune 500 companies would rack up more than a half-trillion dollars due to Trump’s onetime 10 percent repatriation rate.” Read more

Star Ledger: Will Trump deport N.J. unauthorized immigrants in college under Christie ‘Dream Act’?

January 23, 2017

“A 2015 analysis by non-partisan Institute on Taxation and Economic Policy found that New Jersey has an estimated 528,000 unauthorized immigrants, and their average family income was just $34,500.” Read more

New York Times: Federal Policy Will Shift. Not All States Will Shift With It.

January 23, 2017

“But the Institute on Taxation and Economic Policy in Washington reports that these fears were overblown, citing a recent Stanford University study. It found that million-dollar income earners are actually less likely to move than Americans earning only average wages; fewer than 2 percent of the tiny fraction of those millionaires who did move cited […]

News-Times: Estate tax change makes no sense

January 23, 2017

“According to the Institute on Taxation and Economic Policy, Connecticut’s top 1 percent (making more than $1.33 million a year) saw just 5.3 percent of their incomes go to taxes in 2015 (income, and sales). Conversely, the bottom 20 percent (making less than $25,000 a year) paid nearly twice that. Meanwhile, 40 percent paid a […]

Washington State Budget & Policy Center: Closing the Tax Break on Capital Gains

• By ITEP Staff

A capital gain is the profit an individual receives from the sale of a financial asset. Currently, Washingtonians receive a tax break on the profits they make from the sale of high-end capital assets. This tax break contributes to our state having the most upside-down tax code in the nation, in which people with low […]

ATTN: Robert Reich Addressed This Claims About Undocumented Workers ‘Stealing Jobs’

January 19, 2017

“According to a 2016 report from the left-leaning Institute on Taxation and Economic Policy, undocumented immigrants contribute about $12 billion in local and state taxes each year. The group also contributed about $7 billion toward Social Security, which they are barred from benefiting from, the conservative think tank Heritage Foundation estimated.” Read more