Institute on Taxation and Economic Policy (ITEP)

Citations

6,242 posts

ValueWalk: On Tax Day, Remember the Contributions of Unauthorized Immigrants

April 19, 2016

“According to a recent study by the Institute on Taxation and Economic Policy, unauthorized immigrants pay an estimated $11.64 billion in state and local taxes each year, adding significant amounts of money to the coffers of all 50 states and the District of Columbia.” Read more

KTOO Public Media: Report: Walker’s budget proposals hit poorest Alaskans hardest

April 19, 2016

“If every element of Gov. Bill Walker’s fiscal plan is adopted, the 20 percent of Alaskans with the lowest incomes would lose nearly 10 percent of their income. The middle fifth of residents would lose about 4 percent. The top 1 percent of state residents would only see a 1.3 percent pay cut. That’s according […]

Tallahassee Democrat: I am undocumented and I pay my taxes

April 19, 2016

“The Institute on Taxation and Economic Policy recently estimated that state and local tax revenues would increase by an additional $805 million each year if President Obama’s immigration actions are implemented. The same report found that the 11 million undocumented immigrants who reside in the country contribute $11.64 billion in state and local taxes per […]

The Courier-Journal: Undocumented immigrants turn hopes to court

April 19, 2016

“Diaz, despite having a college degree from Mexico, cleans homes. Some jobs offer low wages if the employer knows she’s not legally in the U.S., she said. She said she reports all her cash income on her taxes. The Institute on Taxation and Economic Policy estimates that undocumented immigrants in Kentucky pay $37 million a […]

Media Matters: A Guide To The Myths & Facts On Obama’s Executive Actions On Immigration

April 19, 2016

“ITEP: Tax Contributions By Undocumented Workers “Would Increase By More Than $800 Million” If Executive Action Is Upheld. A February 2016 analysis by the Institute on Taxation and Economic Policy (ITEP) reported that “undocumented immigrants contribute more than $11.6 billion” at the state and local level, and on average, pay 8 percent of their income […]

YubaNet: U.S. Supreme Court Hears Arguments on Immigration Executive Action, Has Opportunity to Affirm America’s Immigrant Identity

April 19, 2016

“The Deferred Action for Parents of Americans (DAPA) program and expansion of the existing Deferred Action for Childhood Arrivals (DACA) program would strengthen our communities by providing temporary relief from fear of deportation for individuals with strong family ties to the United States and, as a result, grow America’s economy by tens of billions of […]

The Commercial Appeal: Mississippi tax cut deal: $415 million in cuts over 12 years

April 19, 2016

“Like most other proposed income tax cuts, benefits would flow most to high-earning households. Projections from the liberal-leaning Institute on Taxation and Economic Policy show the lowest-earning 20 percent of taxpayers, making $16,000 or less, would save an average of $14 a year. Those earning in the top 95 percent to 99 percent of households, […]

Georgia Budget & Policy Institute: Georgia Work Credit Could Get Families a Better Deal at Tax Time

• By ITEP Staff

As Georgians put the finishing touches on their returns to meet today’s income tax filing deadline, one benefit many are missing out on is a tax credit that states can offer to help average families get a fair deal. Twenty-six states and the District of Columbia provide taxpayers with a state-level match for the Earned […]

Oklahoma Policy Institute: High-income surcharge would help solve budget emergency

• By ITEP Staff

“The evidence is now undeniable that Oklahoma is facing a full-fledged emergency. With each passing day, the toll of budget cuts on Oklahoma families, schools, businesses, and communities becomes more alarming. Given the enormity of the budget shortfall, it’s widely understood that the budget can’t be balanced primarily through deeper spending cuts. The income tax […]

Inside Sources: On Tax Day, Remember the Contributions of Unauthorized Immigrants

April 15, 2016

“According to a recent study by the Institute on Taxation and Economic Policy, unauthorized immigrants pay an estimated $11.64 billion in state and local taxes each year, adding significant amounts of money to the coffers of all 50 states and the District of Columbia.” Read more

Think Progress: One Simple Way To Keep U.S. Corporations From Hiding Cash

April 15, 2016

“That’s a pretty clear indicator that these companies are essentially making things up,” tax expert Matt Gardner of the Institute on Taxation and Economic Policy said in an interview. “They’re creating accounting fictions.” Read more

Governing: Panama Papers Unlikely to Lead to Reforms in Corporation-Friendly States

April 15, 2016

“The Panama Papers have raised concerns among many here who say it’s hypocritical of the U.S. to complain about its citizens hiding assets from taxation in offshore accounts when some states provide the same service for foreigners. The secrecy these states offer to account holders also brings up questions about whether money is intended for […]

Sun Sentinel: Prosperous but Undocumented

April 15, 2016

“Of the nation’s estimated 11 million undocumented immigrants, about 1 million are professionals, according to a report from Migration Policy Institute, a nonpartisan think tank based in Washington, D.C. In Florida, about 79,000 professional people are undocumented immigrants.” Read more

Alaska Public Radio: Poorest Alaskans hit hardest by new proposed budget solutions

April 15, 2016

“If every element of Governor Bill Walker’s current fiscal plan is adopted, low income Alaskans would lose nearly 10 percent of their income, middle-income residents would lose about 4 percent. But the top 1 percent of state residents would only see a 1.3 percent cut. That’s according to a report by the nonpartisan Institute on […]

Salt Lake Tribune: Worried about filing taxes? You have three extra days

April 15, 2016

“The Institute on Taxation and Economic Policy earlier this year issued a state-by-state report looking at what percentage of the income of various groups goes to state and local taxes.” Read more

Politico: Boy, that (de)escalated quickly

April 15, 2016

“ALASKAN FOUNDATION EDUCATES ON THE GREAT NORTHERN OILY BUDGET CRISIS: Leaders of the Rasmuson Foundation, one of the nation’s largest charities, are in Washington this week filling in federal policymakers about its Plan4Alaska campaign, which attempts to get state legislators on board for a solution to the $3.5 billion budget shortfall that the state is […]

Hawaii Appleseed: State of Poverty 2016

• By ITEP Staff

“In April 2016, the Hawai‘i Appleseed Center for Law and Economic Justice released a report entitled “The State of Poverty in Hawai‘i: How Hawai‘i’s Residents Are Faring Post-Recovery.” The report brings together the most recent available data to provide a snapshot of how low-income residents have fared after the economic recovery.” Read more

Alaska Dispatch News: Governor’s budget plan would hurt low- and middle-income Alaskans, says new report

April 15, 2016

“The Rasmuson report, from a nonpartisan Washington, D.C.-based think tank, the Institute on Taxation and Economic Policy, said the balance of budget fixes should be different. The report recommends scaling back the dividend cut and introducing a steeper personal income tax.” Read more

Center on Budget and Policy Priorities: A Fiscal Policy Agenda for Stronger State Economies

• By ITEP Staff

“With most state legislatures now in session, policymakers are making fiscal policy decisions that will profoundly affect future economic opportunities in communities across the country.  States face a fundamental choice:  they can provide the resources required for public investment in schools, transportation, health care, safe communities, and other building blocks of economic growth, or go […]

Policy Matters Ohio: Wealthy not paying fair share of state and local taxes

• By ITEP Staff

“State and local taxes support schools, fix potholes, keep the snow plowed, the justice system running and the water clean. Economic prosperity depends on these public services. The wealthiest families benefit amply from our communities and state. But are they paying their fair share for these benefits? New data says they are not.” Read more

Live Mint: Panama Papers: What next?

April 12, 2016

“While it is relatively easy to force a Switzerland or a Panama to fall in line, it may be next to impossible to bring the US under the OECD framework. It has many firms that play the same role as Mossack Fonseca, said Matt Gardner, executive director of the Institute on Taxation and Economic Policy.” […]

North Carolina Budget and Tax Center: North Carolina’s “Tax Swap” Gives Biggest Breaks to the Wealthiest, Undermines Public Investments for All

• By ITEP Staff

“Efforts to rely more on the state sales tax and less on the income tax to support public services have shifted tax obligations to less affluent North Carolinians, while saving the wealthiest the most money, and reduced resources available for public investments that build a strong economy.” Read full report

Pennsylvania Budget and Policy Center: PA Should Raise Needed Revenues in Fair Ways: Short- and Long-term Approaches to Fixing Pennsylvania’s Unfair Tax System

• By ITEP Staff

  This briefing paper analyzes several options for raising revenue for the Pennsylvania state budget which would fall much less on middle- and low-income families than the existing Pennsylvania state and local tax system. We first analyze the income tax increase (from 3.07% to 3.4%) and expansion of income tax forgiveness and sales tax base […]

The Gilmer Miller: This Tax Day, A Reminder that Implementing Immigration Executive Action Policies Would Be Good for Texas

April 11, 2016

“If the Supreme Court unfreezes DACA+ and DAPA, state and local tax coffers will grow by $805 million nationwide, including by $59 million in Texas. A recent report from the Institute on Taxation and Economic Policy (ITEP) found that if the Supreme Court unfreezes the immigration executive action policies, state and local tax coffers would […]

Democracy Now: Panama Papers: Mossack Fonseca Set Up 1,000+ Companies Inside U.S.

April 11, 2016

“The massive data leak known as the Panama Papers has revealed the law firm Mossack Fonseca set up more than 1,000 shell companies inside the United States, once again raising questions about the United States’ role as an offshore tax haven. The papers show more than 600 shell companies were set up in Nevada alone. […]