Citations
ITEP's Citations Research Priorities
Orange County Register: Tax hike on vaping is the wrong priority at the wrong time
May 21, 2020
Compounding all of these problems is that the vaping tax hike would have the largest impact on those who can least afford it. The Institute on Taxation and Economic Policy (ITEP) notes in its “Guide to Fair State and Local Taxes” that excise taxes like this “fall more heavily on middle- and low-income families than […]
Washington State Budget and Policy Center: It’s time to include undocumented immigrants in state response to COVID-19
May 21, 2020 • By ITEP Staff
In addition to state and local taxes, new estimates show that the labor of undocumented workers in Washington state has resulted in nearly $400 million of contributions to the state and federal unemployment trust fund over the past ten years. Yet these workers are systematically denied protection when they become unemployed. Read more
Los Angeles Times:Stop discriminating financially against taxpayers without Social Security numbers
May 20, 2020
All told, the Institute on Taxation and Economic Policy estimated that 4.3 million adults and 3.5 million children were disqualified from the stimulus program. Read more
Orlando Sentinel: Make corporations – not teachers – pay up
May 19, 2020
In fact, the Institute on Taxation and Economic Policy found that Florida families that make less than $50,000 spend 8-12% of their annual income on local and state taxes while families that make $200,000 or more spend between 2% and 4.5%. Read more
Bloomberg: California Setting Rules for Finding Pot’s Napa Valley
May 19, 2020
The state also has a vested interest in protecting pot’s reputation. California cannabis, both recreational and medicinal, generated $395.4 million in taxes in 2018 and $629.2 million in 2019, the Institute on Taxation and Economic Policy said. California cannabis sales accounted for one-third of the $1.9 billion in tax revenue raised nationwide last year, according […]
Yahoo! Finance: Coronavirus stimulus checks: Here’s what a second round could look like
May 18, 2020
The new bill will provide payments worth nearly $600 billion, with the average payout of more than $3,000 to families in all but the highest income levels, according to The Institute On Taxation and Economic Policy (ITEP). Similar to the first stimulus payments, single adults with income up to $75,000 will get the full $1,200 […]
Politifact:House coronavirus bill would aid immigrants, relatives cut out of previous aid package
May 18, 2020
The left-leaning Institute on Taxation and Economic Policy, using IRS data, estimated that this provision would benefit more than 4.3 million adults and 3.5 million children in households of ITIN filers or of mixed immigration status, paying them a total $16.4 billion ($7 billion under the CARES Act and $9.4 billion under the HEROES Act). […]
Michigan Live:If second round of stimulus payments is approved, how much could you get?
May 18, 2020
Additionally, the bill as currently written would make those people retroactively eligible to receive the initial stimulus payment under the CARES Act. The Institute On Taxation and Economic Policy estimates that ITIN filers would receive over $9.4 billion in direct economic relief. Other than that, the HEROES Act has the same eligibility requirements as the previous […]
Forbes: 4.3 Million Adults Eligible For Two $1,200 Stimulus Checks If HEROES Act Passes
May 15, 2020
The Institute On Taxation and Economic Policy (ITEP) estimates that over 4.3 million adults, as well as 3.5 million children, would benefit from this change in eligibility. The organization calculated that ITIN filers would receive over $9.4 billion in direct economic relief from the new economic impact payments. Moreover, the retroactive clause would mean disbursement […]
Politico Morning Tax:STATESIDE JOCKEYING CONTINUES
May 15, 2020
One key element of the latest legislation would provide $1,200 in direct stimulus payments to individuals including those with Individual Taxpayer Identification Numbers, building on an initial round of payments that was more restrictive. It would also retroactively expand those first payments to ITIN holders, which would permit the benefit for more than 4.3 million […]
Yahoo!: How the coronavirus outbreak may help keep Amazon’s federal tax bill low (again)
May 15, 2020
“I’d say their tax rate will be a lot closer to zero than to 21%,” said Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, referencing the current U.S. corporate tax rate. To be sure, it remains too early to predict Amazon’s pretax income for the full year, and therefore whether […]
Madison.com: Why many rich people keep a Faustian bargain with the GOP
May 15, 2020
The Faustian bargain embraced by well-off conservatives is all about greed. Trump lied that his 2017 tax law was to help ordinary people. The top 1 percent of income earners got a tax break of $48,000 a year, while the bottom 20 percent got $120, according to the Institute on Taxation and Economic Policy, a […]
Fiscal Policy Institute: Unemployment Insurance Taxes Paid for Undocumented Workers in NYS
May 14, 2020 • By ITEP Staff
In the midst of a pandemic, there has been a growing call for undocumented immigrants, who make up five percent of the New York State labor force, to be covered by some form of unemployment insurance. What is often overlooked in discussions of unemployment insurance is the extent to which undocumented immigrants are already part […]
Business Insider: A Tax Break Tucked in the CARES Act Will Save Some Companies Tens of Millions
May 9, 2020
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Center for Public Integrity: COVID-19 Didn’t Affect This Company, But It Still Got a $893K Federal Loan
May 8, 2020
“There doesn’t appear to be any mechanism whatsoever to ensure that these loans were available only to companies that were actually affected by the coronavirus and the associated economic shutdown,” said Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy, a think tank in Washington, D.C. “It’s hard to see how […]
Quartz:Congress is facing fury over CARES Act tax breaks for the rich
May 8, 2020
The Institute on Taxation and Economic Policy explained in Aprilthat the new rules will allow companies to “game the system.” They can amend their past taxes, applying current losses to offset income earned in years before 2018 when tax rates were more favorable to them. “Of course, this sort of timing shift is utterly unavailable […]
Los Angeles Times: Trump’s Payroll Tax Cut Demand Is Absurd
May 5, 2020
Specifically, according to the Institute on Taxation and Economic Policy, a nonprofit think tank that tracks how taxes and tax breaks are distributed along the income spectrum, 65% of the benefit would go to the top 20% of earners — those making $118,700 or more a year. Fully 25% of the benefit would go to […]
New Yorker: How Greenwich Republicans Learned to Love Trump
May 4, 2020
On average, Trump gave households in the top one per cent a forty-eight-thousand-dollar tax cut, while those in the bottom twenty per cent received a hundred and twenty dollars, according to the Institute on Taxation and Economic Policy, a nonpartisan think tank. Jim Campbell, the Republican organizer who embraced Trump early in 2016, told me […]
Forbes: President Trump Says Next Stimulus Package Must Have Payroll Tax Cut
May 4, 2020
Who would this benefit? The Institute on Taxation and Economic Policy did an analysis in mid-March that showed a complete elimination of the payroll tax would most benefit the top 20% of income earners. 65% of the benefits would go to the richest 20% of taxpayers – in part because many high earners are also […]
Alternet:Government leaders including Betsy DeVos push their personal agendas as economic tsunami crashes into America’s schools
May 4, 2020
“For states facing catastrophic revenue declines, asking more of taxpayers with a clear ability to pay is far preferable to cutting state budgets, which would lead to mass layoffs, steep cuts in public services, and a downward spiral in the economy,” write fiscal policy analysts in a report for the Institute on Taxation and Economic Policy. They […]
Boston Globe: Why exclude some Americans from the coronavirus stimulus?
May 4, 2020
According to the Institute on Taxation and Economic Policy, between 50 and 75 percent of the estimated 8 million undocumented workers in the country pay annual federal income taxes using an ITIN. Unauthorized workers are more likely to work in low-wage but essential jobs in the pandemic such as janitors, food delivery drivers and shoppers, […]
Colorado Sun:Coloradans in the U.S. illegally — and their citizen families — were denied coronavirus aid. Will the state step in?
May 4, 2020
According to the Institute on Taxation and Economic Policy, there are 4.35 million ITIN filers in the country, 89,500 of whom live in Colorado. Additionally, there are about 70,000 children with ITINs in the state, according to the nonprofit Colorado Fiscal Institute. Read more
LA News: California should support immigrants with expanded tax credit eligibility
May 4, 2020
According to Public Policy Institute of California, there are more than 2 million undocumented immigrants in the state, more than 6 percent of the population. Many, if not most, undocumented workers pay federal, state and local taxes. In fact, an analysis by the Institute on Taxation and Economic Policy showed that undocumented immigrants living in […]
Bloomberg: Loan Forgiveness Deductions Left in Hands of Congress
May 1, 2020
The IRS could have gotten flack for allowing the deductions, tax professionals said, as the agency could be seen as effectively legislating. The agency didn’t immediately return a request for comment. “They’re there to administer the law, not to make it, and that’s exactly what they’re doing,” said Matt Gardner, a senior fellow at the […]
New Mexico Voices for Children: Essential But Excluded
April 30, 2020 • By ITEP Staff
Immigrants pay taxes and are important contributors to New Mexico’s economy. Nationwide, immigrants pay hundreds of billions of dollars in federal, state, and local income and other taxes. New Mexico immigrants – both legal residents and those who are undocumented – contribute more than $996 million in federal, state, and local taxes that help support […]
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