
January 9, 2017
“Grayson, the Interfaith Workers Center director, said the coalition needs to try to work to educate the public that attempts at widespread deportations would be costly and harm families and the U.S. economy. A report released in February by the Institute on Taxation and Economic Policy, a nonprofit, non-partisan research organization, calculated that the 11 […]
January 9, 2017
“In the Peach State, the price of a gallon of of gasoline increased by 0.3 cents on January 1 and the price of a gallon of diesel increased 0.4 cents, according to the Institute on Taxation and Economic Policy. The size of the increase was figured by a new formula approved by Georgia lawmakers that […]
January 6, 2017 • By ITEP Staff
“The economic challenges that face North Carolina families were front and center in 2016. North Carolina wrestled with the disconnect between political rhetoric and everyday reality this election year, thanks to a recovery that failed to boost wages or provide enough jobs for many of our communities. Here are 12 charts that tell the story […]
January 6, 2017 • By ITEP Staff
“One barrier to raising revenues is the reluctance of legislators on both sides of the aisle to place additional taxes on Pennsylvania’s poor and middle-class. That reluctance is well motivated. Over the last 25 years, incomes for the richest Pennsylvanians have been rising fast while incomes for all other Pennsylvanians have been stagnant. Despite that, […]
January 5, 2017 • By ITEP Staff
Using a sophisticated model of Ohio’s tax system, the national research group, Institute on Taxation and Economic Policy (ITEP), found that with a 3.5 percent flat tax, 72 percent of Ohioans would pay more state income tax, while just 4 percent would pay less. The remaining 24 percent would pay the same amount as they […]
January 5, 2017
“The LLC exemption — which eliminated taxes on pass-through business income and relieved the tax burden for more than 330,000 Kansas business owners — was passed and signed almost half a decade ago. The exemption has cost our state hundreds of millions of dollars since then (the Institute on Taxation and Economic Policy says it […]
January 3, 2017
“The Budget and Policy Center blames the deficit on reductions in corporate taxes enacted under Govs. Ed Rendell and Tom Corbett. The state’s top taxpayers are getting a bargain, the center says: Households in the top 1 percent of the income distribution pay less than half the tax rate of households in the middle.” Read […]
January 3, 2017
“Some background. The CPBB’s report, “How State Tax Policies Can Stop Increasing Inequality and Start Reducing It,” starts by ranking the various states according the ratio of average income for the top 5 percent of households to the bottom 20 percent, using Census Bureau data. According to this measure, New Jersey ranks seventh most unequal. […]
January 3, 2017
“Other state legislatures are likely to have similar discussions. Carl Davis, research director at the Institute on Taxation and Economic Policy, tells USA Today that it appears more than a dozen states “will seriously debate gas tax changes next year.” Read more
January 3, 2017
“Since 2013, 19 states have made changes to the way their gas tax is calculated, said Carl Davis, research director for The Institute on Taxation and Economic Policy. There had been years and years and sometimes even procrastination in the states,” said Davis, who studies a variety of issues related to state and federal tax […]
January 3, 2017
“The Institute on Taxation and Economic Policy, a nonprofit, nonpartisan think tank, proposed that state and local governments could significantly increase revenue collection by legalizing undocumented immigrants. A report released in February by ITEP noted that undocumented immigrants collectively pay an estimated $11.64 billion a year. The state of California, home to more than 3 […]
January 3, 2017
“There are still 20 states that have waited a decade or more since last raising their gas tax rates,” said Carl Davis, research director at the Institute on Taxation and Economic Policy, a progressive think tank. “At least a dozen states are going to be discussing gas tax increases next year.” Read more
December 31, 2016 • By ITEP Staff
For generations, our tax dollars have served as shared investments in the programs and services that make our state a great place to live, work, and play. Tax dollars enable Montanans to work together to achieve things which we could not do alone - educate our children, build and maintain infrastructure, provide public safety through police and fire protection, keep our air and water clean, and pave the way to a stronger and more inclusive economy.
December 28, 2016
“Georgia, North Carolina, Indiana and Florida will each see modest gas tax increases of less than a penny per gallon, based on automatic adjustments in those states, according to the Institute on Taxation and Economic Policy. Two states — New York and West Virginia — will have slight reductions based on automatic adjustments, according to […]
December 23, 2016
“As Walke pointed out, those who qualify must funnel a higher percentage of their yearly wages to income taxes than their well-heeled neighbors. They also pay sales taxes, and in many cases, property taxes. The Oklahoma Policy Institute calculated the numbers, and it said SB 1604 means a single mother with two kids, with a […]
December 23, 2016
“And, according to the FPI, “Like U.S.-born residents, immigrants pay a lot in property taxes.” Seventy-three percent of Long Island immigrants live in owner-occupied homes, and 40 percent of them pay more than $10,000 a year in property taxes to support local schools and services. The FPI could not say precisely how much unauthorized immigrants […]
December 21, 2016
“Even if the law is a zero-sum proposition, many lawmakers feel there’s an important principle at stake — a level playing field for business. Brick-and-mortar stores located in Colorado are required to collect sales tax. An exception for out-of-state online retailers gives them a competitive advantage. Their customers get a “discount” because a series of […]
December 20, 2016
A new report by the Institute on Taxation Economic Policy examined corporate tax avoidance in the first year that the tax law took effect. The results are the opposite of what Republicans promised and in line with what critics of the law feared: that wealthy corporations, many of which already receive massive public subsidies and […]
December 20, 2016
“Low-income families generally pay a higher percentage of their earnings on state and local taxes. The Institute on Taxation and Economic Policy, for example, said that in 2015, families earning less than $22,000 annually paid 10.4 percent of their income on state and local taxes. Those earning between $22,000 and $44,000 paid 9.3 percent of […]
December 20, 2016
“Contrary to popular belief, undocumented immigrants pay state and local taxes to the tune of $11.64 billion a year. And it is estimated that around 50 percent of undocumented immigrants file income taxes using an Individual Tax Identification Number, according to a report written in Feb. 2016 from The Institute on Taxation and Economic Policy. […]
December 20, 2016
“Property taxes statewide continue to rise despite a state imposed cap. Most municipalities are not able to raise property taxes more than 2 percent without voter approval. The Department of Budget says the property tax bill for a typical taxpayer is more than the state income tax amount. A report from the Institute on Taxation […]
December 20, 2016
“Despite the best efforts of Congress to make sure that the last repatriation holiday spurred investment rather than dividends, it didn’t work out,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, who analysed asset managers’ company filings for FTfm. “Cash is fungible and companies are going to do whatever they […]
December 19, 2016 • By ITEP Staff
Pursuant to the charges of JBE 2016-23, the Governor’s Task Force on Transportation Infrastructure Investment (Task Force) worked diligently over a six-month period to determine what must be done to address Louisiana’s vast multimodal transportation issues. Through the course of six formal meetings at the capitol and by attending eight regional meetings across the State […]
December 18, 2016 • By ITEP Staff
Pursuant to the charges of JBE 2016-23, the Governor’s Task Force on Transportation Infrastructure Investment (Task Force) worked diligently over a six-month period to determine what must be done to address Louisiana’s vast multimodal transportation issues. Through the course of six formal meetings at the capitol and by attending eight regional meetings across the State […]
December 18, 2016 • By ITEP Staff
The morning after the election was tough. Half the country woke up feeling devastated, the other half awoke feeling excited. Regardless of who you voted for, it’s hard to come back together when we feel so deeply divided. In Kansas, however, we have a special opportunity to rise to the occasion. Read more here