Citations
6,242 posts
Colorado Fiscal Policy Institute: Analysis of 2012 Federal Tax Reform, Part One
• By ITEP Staff
“Tax rates, spending cuts and the federal deficit are again the center of debate on Capitol Hill. With the Bush-era tax cuts set to expire at the end of 2012, budget discussions will be the major focus over the next couple of months as the American economy continues its fragile course to recovery. Diverse perspectives […]
Open Sky Policy Institute: Looking for Clarity
• By ITEP Staff
“To promote a vibrant debate on these vital issues, it is important to begin with a clear, precise explanation of how Nebraska generates income and how it is spent. Any Nebraskan who wants to understand more clearly how the process works should find this primer a good starting point. It is intended as an overview […]
National Conference of State Legislatures: On the Move- State Strategies for 21st Century Transportation Solutions
• By ITEP Staff
“This report explores a wide array of innovative surface transportation reform laws, policies and programs that policymakers are considering or pursuing to take the nation’s transportation system well into the 21st century. Particular focus is placed on policies that promote fiscal and environmental sustainability; facilitate affordable, safe and accessible transportation choices; and achieve shared benefits […]
California Budget Project: What Would Proposition 38 Mean for California
• By ITEP Staff
Proposition 38, which will appear on the November 6, 2012 statewide ballot, would temporarily increase personal income tax rates for nearly all California taxpayers and allocate the new revenues to K-12 education, early childhood education, and repayment of state general obligation (GO) bond debt. Proposition 38 would raise an estimated $10 billion in 2013-14 – […]
California Budget Project: What Would Proposition 30 Mean for California
• By ITEP Staff
“Proposition 30, which will appear on the November 6, 2012 statewide ballot, would increase personal income tax rates on very-high-income Californians for seven years and raise the state’s sales tax rate by one-quarter cent for four years. The Legislative Analyst’s Offi ce (LAO) estimates that the measure would raise an average of approximately $6 billion […]
Michigan League for Human Services: Got Skin in the Game?
• By ITEP Staff
It is often said that families who receive government assistance do not have any “skin in the game,” meaning that they use government-funded programs but do not contribute to the revenue that funds these programs. But, as Benjamin Franklin said, the only things that are certain are death and taxes and everybody pays taxes. Wealth […]
North Carolina Justice Center: Improving the Sales Tax – A Critical Step to a Modern Revenue System
• By ITEP Staff
EXECUTIVE SUMMARY The state sales tax in North Carolina represents nearly 30 percent of the state’s total revenue each year. In 2011, the states sales tax generated $5.9 billion in state revenue. The sales tax is regressive, which means that it asks more from those with the least ability to pay. Lower-income families spend a […]
Kansas Action for Children: Kansas Tax Reform in 2012: What does it mean for children and families?
• By ITEP Staff
“One of the defining issues of the 2012 Kansas legislative session was tax policy. Ultimately, the package of tax changes enacted by lawmakers will negatively impact Kansas children and families in a number of ways. • State revenues will be dramatically reduced – affecting available funding for necessary services such as education, the social safety […]
North Carolina Justice Center: WHO PAYS TAXES?- The Poor, the Rich, and Everyone In Between
• By ITEP Staff
“KEY FINDINGS Every household pays taxes. Even the poorest fifth of American households paid an average of one-sixth (16 percent) of their total income in federal, state, and local taxes in 2009. The wealthiest 1 percent of households in the country, with annual incomes averaging more than $1.3 million, paid less than one-third (30.7 percent) […]
Louisiana Budget Project: Louisiana’s Earned Income Tax Credit: A Smart Investment in Working Families and Children
• By ITEP Staff
“With poverty on the rise in Louisiana, especially among children, policymakers should expand the state’s version of the Earned Income Tax Credit (EITC)—a tried-and-true tax benefit for families that work, but earn low wages. Louisiana’s credit is the smallest in the nation, which keeps it from helping as much as it could. Its size should […]
Maryland Reporter: Study: Some Big Firms Paid No State Taxes
December 17, 2012
Original Post By LEN LAZARICK January 4, 2012 A new study found that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings. Among the major companies on the list that do significant business in […]
Twin Cities Daily Planet: Tax Cut on Autopilot
December 17, 2012
Original Post by Conrad Defiebre January 5, 2012 On July 1 this year, Minnesota’s highway fuel tax will go up a half-penny to 28.5 cents a gallon, the last of seven phased increases that began in 2008. Absent legislative action, it won’t go up again — ever. Before you raise a cheer, let’s consider what […]
Inside Tucson Business: After 21 Years, PAG Says It’s Time to Raise the Gas Tax
December 17, 2012
Original Post January 6, 2011 By Garry Duffy Arizona’s gasoline tax has stood at 18 cents per gallon for 21 years. Factor in an average rate of inflation of 2.67 percent over those years, and that 18 cents is now worth what a dime was in 1990. Or, looking at it another way, if the […]
The Times Leader: Corporate tax topic of Mundy bill
December 17, 2012
It would deal with two key issues by lowering state corporate net income tax rate and closing some loopholes. By Steve Mocarsky smocarsky@timesleader.com The debate about Pennsylvania’s high corporate taxes and how companies use loopholes to skirt them has been going on for years, but a bill that would address both issues has been languishing […]
ABC News: State of the Union: Fact Checking the President
December 17, 2012
(Original Post) By ABC News | ABC News ABC News’ Huma Khan, Elizabeth Hartfield, Matt Negrin, Chris Good, Amy Bingham, Jeunee Simon, Greg Krieg, Meg Fowler and Sarah Parnass report:Fact or Fiction Number 1 – The Booming Economy: Obama’s Jobs Story Did the economy crater before President Obama’s inauguration, then rebound once his policies took […]
Equitities: Corporate Tax Dodgers Spending Big on CEO Pay, Lobbyists
December 17, 2012
(Original Post) January 25, 2012 The release of Mitt Romney’s tax return has renewed a debate that Warren Buffett raised last year when he pointed out that, because of the way income from investments is taxed, he paid a lower tax rate than his secretary. President Obama further called attention to this issue by inviting […]
Huffington Post: Hollywood Activists Protest FedEx’s Low Corporate Tax Rate
December 17, 2012
(Original Post) Anna Almendrala First Posted: 01/25/2012 9:55 pm Updated: 01/26/2012 12:49 pm Unfair tax rates are the topic du jour when it comes to inequality in America and protesters in Hollywood put the issue center stage on Wednesday afternoon with a march down Hollywood’s Sunset Boulevard to highlight what they called FedEx’s excesssively low […]
PA Independent: PA Bill Eliminates Biz Tax Shelters, Lowers Biz Income Taxes
December 17, 2012
(Original Post) Would close so-called “Delaware loophole” January 29, 2012 By Stacy Brown | PA Independent HARRISBURG — Two Pennsylvania state representatives, a Democrat and a Republican, are teaming up to produce a bill that would close the so-called Delaware loophole and potentially add up to $600 million annually in state income. State House Policy […]
NPR: Reporting On Romney’s Taxes: Economics, History And Morality
December 17, 2012
(Original Post) 07:12 pm February 3, 2012 by Edward Schumacher-Matos Is Mitt Romney being treated unfairly in the coverage of the taxes he pays? Hardly. Some might find it rich even to raise the question, but many NPR listeners have, and it is journalistically and intellectually a valid question. According to tax returns that Romney […]
Chicago Reporter: Activists in Illinois push to tip the scales in favor of civil society
December 17, 2012
(Original Post) By YanaKunichoff, Monday at 4:57 pm The scales are tipped in Illinois, and not in favor of the 99 percent, community groups say. A series of reports and actions, including the delivery of a golden toilet, seek to highlight the state cuts and corporate loopholes that advocates say are leaving Illinois citizens in […]
Bloomberg: Obama’s Corporate Tax Plan Could Be Fairer, Simpler
December 17, 2012
(Original Post) By the Editors Feb 22, 2012 7:30 PM ET President Barack Obama’s corporate- tax framework, unveiled Wednesday, recognizes that the U.S. tax code desperately needs a spring cleaning. There are too many loopholes, deductions, subsidies, allowances and special rules. The 35 percent statutory rate is also too high, especially because most companies have […]
Outcome Magazine: U.S. tax loopholes allow some highly profitable companies to skate
December 17, 2012
(Original Post) February 22, 2012 By ANTHONY HALL The U.S. corporate tax code just became the biggest sidebar under jobs for the national election campaign. It should be clear to one and all that large corporations have not begun to participate in hiring to any significant degree and are, in fact, far short of getting […]
Huffington Post: Obama Corporate Tax Plan Would Create Big Winners And Big Losers
December 17, 2012
(Original Post) Dan Froomkin Senior Washington Correspondent, Huffington Post Posted: 02/23/12 03:18 PM ET | Updated: 02/23/12 03:30 PM ET WASHINGTON — Every one of the dozens of corporate tax loopholes and subsidies that President Barack Obama announced this week he’d like to expunge has something in common: Somebody fought really hard to get it […]
Think Progress: Kansas Conservatives Move Bill That Raises Taxes On The Poor While Cutting Them For The Rich
December 17, 2012
(Original Post) By Pat Garofalo on Feb 24, 2012 at 3:35 pm In what one state Democrat has called “Robin Hood in reverse,” Kansas’ tax committee this week approved a bill that would cut taxes on the wealthiest Kansans to the tune of $1,500, while raising taxes on those residents making less that $25,000 per […]
Sacramento Bee: Congress needs to overhaul corporate taxes
December 17, 2012
(Original Post) Published: Friday, Feb. 24, 2012 – 12:00 am | Page 12A With loopholes as big as locomotives in the federal tax code, many of America’s most profitable corporations pay little or nothing in corporate taxes. When companies don’t pay their fair share, that means the rest of us have to pay more in […]
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