Institute on Taxation and Economic Policy (ITEP)

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6,242 posts

Chicago Sun Times: Tuesday Letters: Corporations duck state taxes while children pay

November 4, 2015

“It’s the children and the taxpayers of Illinois who bear the burden of reform. Illinois in 2012 cut education spending by a greater percentage than any other state, and in 2013 it was third-worst in cuts per student. And our system of taxes hits low-income families the hardest. The Institute on Taxation and Economic Policy […]

Idaho Statesman: Does ‘fixing’ Idaho taxes mean cutting, or something else?

November 3, 2015

  “The other two legs of Idaho’s tax structure are sales and property taxes. On both scores, Idaho is in the lower half of states, and much lower on property taxes. Its overall tax structure is also fairer than most across income levels. State rankings on tax inequality compiled by the Institute on Taxation and […]

Mcalester News Capital: Sales tax plan reflects shift in Okla. tax base

November 2, 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 […]

The Rocky Mountain Collegian: Opinion: Illegal immigration is a non-issue

November 2, 2015

“Illegal immigrants have also not been shown to use social services or public assistance programs any more than the average person. If anything, immigrants here illegally actually use social services less than most people, as some studies have shown. As the ACLU points out, many welfare programs require some duration of time as a legal […]

NJ.com: Millennials ease off the gas (making it harder to pay for roads…)

November 2, 2015

“It’s the same story around the country. Carl Davis, research director of the Institute on Taxation and Economic Policy, a Washington-based non-partisan research group on tax issues, said 21 states have gone more than a decade without raising their gas tax rate, and 15 have gone two decades or more without an increase.” Read more

Newsweek: The Four Top Myths About Immigration

November 2, 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

CBS News: Why Pfizer is so bent on lowering its tax rate

November 2, 2015

“According to Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, the New York-based company has 151 subsidiaries in known tax havens such as the Cayman Islands. Pfizer also claims to have lost $16 billion in the U.S. over the past five years while earning about $80 billion overseas. Between 2010 and […]

MLive: ‘Fiscal time bomb’ or welcome relief? Income tax rollback linked to Michigan roads plan

November 2, 2015

“The Institute on Taxation and Economic Policy, a left-leaning think tank, crunched numbers on the overall House road funding plan and found that if the income tax rate was cut to 3.92 percent people earning between $21,000 and $185,000 would end up saving between $49 and $140 a year.” Read more

Michigan League for Public Policy: Enough is Enough: Business Tax Cuts Fail to Grow Michigan’s Economy, Hurt Budget

• By ITEP Staff

Cutting business taxes has not been an effective way to grow jobs and the Michigan economy as promised. This is particularly true when combined with increased taxes on individuals, disproportionately affecting low- and middle-income people and families. In 2011, the Legislature and governor gave businesses a generous $1.6 billion tax cut by repealing a business […]

Oklahoma Watch: Boren’s sales tax plan reflects shift in Oklahoma tax base

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,” […]

Between the Lines: American Corporations Shelter $2.1 Trillion in Offshore Profits, Withholding $620 Billion in U.S. Tax Revenue

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 […]

Oklahoma Watch: Boren Sales Tax Plan Reflects Shift in Oklahoma Tax Base

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 […]

Grand Haven Tribune: 10 things to know today

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

CPA Practice Advisory: The Pros and Cons of Sales Tax Holidays – A Mixed Blessing

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 […]

Huffington Post: The 4 Big Lies About Immigrants — and the Truth

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

The Lawton Constitution: Penny Tax For Schools Would Be Major Shift

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 […]

Salon: Robert Reich: Demagogues are brazenly lying to you about U.S. immigrants

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

Maine Center for Economic Policy: MECEP Analysis: Better Deal for Maine “Provides Bigger Tax Cuts for More Mainers”

• 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 […]

Maine Center for Economic Policy: Eliminating Maine’s income tax: A boon to wealthy Mainers, will hurt everyone else

• 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 […]

Maine Center for Economic Policy: Republican Tax Plan Gives Huge Tax Breaks to the Wealthy While Raising Taxes for Working Mainers and Seniors

• 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 […]

Maine Center for Economic Policy: Everything you need to know about the Democratic and Republican tax plans in one chart

• 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 […]

Maine Center for Economic Policy: The one question Republican legislators need to answer

• 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?” […]

Maine Center for Economic Policy: Where tax fairness is concerned, the legislative Republicans’ tax plan is the worst of all

• 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 […]

Maine Center for Economic Policy: Latest Budget Deal modestly improves Maine’s tax system progressivity, future revenue adequacy less certain Latest Budget Deal modestly improves Maine’s tax system progressivity, future revenue adequacy less certai

• 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 […]

Maine Center for Economic Policy: Budget deal includes refundable tax credits for low- and moderate-income Mainers

• 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