
October 26, 2015
“If voters approved the measure, it would restore the education funds that have been lost over the last decade. Analysts acknowledged that might be the only practical way to address Oklahoma’s educational woes, but was not necessarily good tax policy.“Oklahoma has a regressive tax system, and the sales tax is a big part of that,” […]
October 23, 2015
“Interview with Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, conducted by Scott Harris. Since well before Ronald Reagan was elected president in 1980, Republican and conservative politicians have railed against corporate taxes, arguing that high U.S. tax rates hurt the American economy and put a damper on the creation of […]
October 23, 2015
“If voters approved the measure, it would restore the education funds that have been lost over the last decade. Analysts acknowledged that might be the only practical way to address Oklahoma’s educational woes, but was not necessarily good tax policy. “Oklahoma has a regressive tax system, and the sales tax is a big part of […]
October 23, 2015
“Immigrants pay taxes! The Institute on Taxation and Economic Policy released a report this year showing undocumented immigrants paid $11.8 billion in state and local taxes in 2012 and their combined nationwide state and local tax contributions would increase by $2.2 billion under comprehensive immigration reform.” Read more
October 23, 2015
“While families and teachers merit a tax break on school-related goods, this perk comes at a cost. This year, tax holidays in 18 states will cost an estimated $300 million in tax revenue, according to the Institute on Taxation and Economic Policy. The Boston Globe reports that Massachusetts’ wide-net holiday will cost the state $25 […]
October 23, 2015
“Immigrants pay taxes! The Institute on Taxation and Economic Policy released a report this year showing undocumented immigrants paid $11.8 billion in state and local taxes in 2012 and their combined nationwide state and local tax contributions would increase by $2.2 billion under comprehensive immigration reform.” Read more
October 23, 2015
“If voters approved the measure, it would restore the education funds that have been lost over the last decade. Analysts acknowledged that might be the only practical way to address Oklahoma’s educational woes, but was not necessarily good tax policy. “Oklahoma has a regressive tax system, and the sales tax is a big part of […]
October 23, 2015
“Immigrants pay taxes! The Institute on Taxation and Economic Policy released a report this year showing undocumented immigrants paid $11.8 billion in state and local taxes in 2012 and their combined nationwide state and local tax contributions would increase by $2.2 billion under comprehensive immigration reform. MYTH: Legal and illegal immigration is increasing.” Read more
October 21, 2015 • By ITEP Staff
The Maine Center for Economic Policy (MECEP) today released “Distributional Analysis: ‘Better Deal’ Provides Bigger Tax Cuts for Most Mainers while Increasing Investment in Education and Other Critical Services,” a report prepared in association with the Institute on Taxation and Economic Policy, a nationally prominent non-profit, non-partisan research organization that works on federal, state, and […]
October 21, 2015 • By ITEP Staff
Two weeks ago Governor LePage notified lawmakers of his intention to amend Maine’s constitution to eliminate the state’s income tax by 2020. This may mean the governor has thrown in the towel on his budget proposal that significantly reduces Maine’s income tax and pays for it by increasing sales and property taxes. The response to […]
October 21, 2015 • By ITEP Staff
Legislative Republicans have released a tax plan that is a bad deal for working Mainers and seniors living on fixed incomes. Based on preliminary analysis the Maine Center for Economic Policy conducted in conjunction with the Institute on Taxation and Economic Policy, Mainers with income less than $57,000 will, on average, receive a tax increase […]
October 21, 2015 • By ITEP Staff
Last week Republican legislators released their proposal for overhauling Maine’s tax system. The plan includes income and corporate tax cuts, and eliminates the estate tax, all disproportionately benefiting Maine’s wealthiest earners. It also continues the current 5.5% sales tax rate slated to expire later this year, and increases the meals and lodging tax rate to […]
October 21, 2015 • By ITEP Staff
Last Friday legislative Republicans released their tax plan for the coming two-year budget cycle. In reference to the Republican plan, Maine people deserve an answer to one specific question: “The legislative Republicans’ tax proposal takes money from poor and working class Mainers and gives it to the wealthy. Is this by design or by mistake?” […]
October 21, 2015 • By ITEP Staff
Republican legislators released their plan for overhauling Maine’s tax system last week. Yesterday MECEP posted a chart comparing the distributional impacts of the Republican and Democratic plans. The key takeaway from that chart was that Mainers whose income is less than $89,000 – the bottom 80% of all Maine taxpayers – fare better on average […]
October 21, 2015 • By ITEP Staff
It is less clear whether or not revenues in the proposal will be adequate to maintain current spending in the future when adjusted for inflation. Both the Better Deal for Maine plan offered by Democrats in April and the majority budget proposal passed by the Appropriations Committee in a 9-4 vote, raise more revenue in […]
October 21, 2015 • By ITEP Staff
The tax overhaul agreed upon by legislative leaders in their recent budget negotiations includes several major provisions that affect state and local taxes, including lower income tax rates, a broader income tax base, a doubling of the homestead property tax exemption, an estate tax cut, and permanently higher sales tax rates. Read full report here
October 21, 2015 • By ITEP Staff
Taxes are the primary way we pay for the things that we do together through government. These include things like police and fire protection; public education; roads, bridges and public transportation; a safety net for when people face hard times; and more. Determining how much people at different income levels pay in taxes is important […]
October 21, 2015 • By ITEP Staff
On average, Nebraskans paid nearly $1,200 more annually for gas per car in 2013 than they did in 1993.However, in 2013, Nebraskans paid just $3 more in state gas taxes per car than they did in 1993, and they actually paid $12 less than they did in 2003. Read full policy brief here
October 21, 2015 • By ITEP Staff
Kentucky loses an estimated $25 million a year because state lawmakers haven’t yet taken steps to recoup lost revenue from federal estate tax changes that essentially eliminated the state’s estate tax in the 2000s 1. Recognizing estate taxes generate revenue and make taxes fairer, many states have either decoupled from the federal changes or enacted […]
October 21, 2015 • By ITEP Staff
“Every Kansas income group will pay more as a result of this tax increase, but it still doesn’t solve Kansas’ ongoing budget crisis,” said Duane Goossen, senior fellow at the Kansas Center for Economic Growth and former state budget director. “Kansas is draining over $800 million a year as a result of Gov. Brownback’s 2012 […]
October 21, 2015 • By ITEP Staff
The end-result of this years’ historically long session was quite predictable: taxes were raised on hard-working Kansans to cover the budget shortfall caused by the unaffordable tax cuts of 2012-13. The increases recently adopted will fall primarily on low- and moderate-income Kansans because such a big chunk of the new money will come from sales […]
October 21, 2015 • By ITEP Staff
Building a better Georgia, with a strong economy and vibrant businesses, requires a more resilient middle class and more opportunities for working families to climb the economic ladder. One of the best tools to help ensure that Georgians broadly share in that prosperity is a state-level Earned Income Tax Credit (EITC). Read full report here
October 21, 2015 • By ITEP Staff
The balance and fairness of any tax system depends on the impact of all the taxes an individual or family pays. State and local sales taxes always take a bigger bite out of the income of taxpayers at the lowest income levels. Arizona’s graduated income tax partially offsets the impact of the sales tax on […]
October 21, 2015 • By ITEP Staff
State budgets and taxes are tools to reach our common goals for health, education, security and a vibrant, prosperous future. 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 answers highlight key facts […]
October 21, 2015 • By ITEP Staff
The Alabama Legislature may consider removing the state FICA income tax deduction during this month’s second special session. Without significant new General Fund revenue, the state may make enormous cuts to Medicaid, child care, public safety and other vital services. Read full fact sheet here