Institute on Taxation and Economic Policy

Select Media Mentions

The Hill: Top 1 Percent Paying Lower Tax Rates Than Other Residents in Most States: Study

January 10, 2024

The wealthiest families in most states are paying lower tax rates than everyone else, a new analysis found. Read more.

Fast Company: Florida Can’t Get Enough of Tax Holidays. But They’re Not the Magic Bullet Ron DeSantis Claims

January 10, 2024

Floridians saved more than $475 million on tax-free holidays—but it comes at the expense of the state’s schools and infrastructure. Read more.

HuffPost: Most States Have Tax Codes That Are Rigged To Benefit The Wealthy: Report

January 9, 2024

A sweeping new analysis of taxes across the country reveals that in four out of every five states, the top 1% are paying a lower tax rate than their middle-class and low-income neighbors. Instead of taxing wealthy residents an equal share, the vast majority of states are filling their budget gaps with taxes that disproportionately burden […]

Yahoo Finance: The Tax Credit That Could Do More for American Pocketbooks Than Any New Year’s Resolution

January 8, 2024

Many Americans are making promises to do better in 2024 with New Year’s resolutions to save money and spend it wisely. Read more.

Washington Post: Va. General Assembly Girds for Fights Over Arena, Taxes, Schools and More

January 7, 2024

Democratic lawmakers have the majorities. Republican Gov. Glenn Youngkin has the veto. That’s the crux as a new-look Virginia General Assembly rolls into town Wednesday, opening a 60-day legislative session in which roughly a third of lawmakers are rookies and Democrats control both chambers but can’t get much done without Youngkin’s cooperation. Read more.

ProPublica: Utah Bills Itself as “Family-Friendly” Even as Lawmakers Have Long Neglected Child Care

January 5, 2024

Federal relief had improved access to child care. But when funding expired, the state rejected proposals to replace it. Some advocates say the historical influence of the LDS church has added to the resistance. Read more.

Stateline: State Lawmakers Seek to Limit Property Tax Increases as Home Values Soar

January 4, 2024

Property taxes are rising along with real estate prices — particularly in the Mountain West. Read more.

National Public Radio: To Tackle Poverty, More States Will Offer Bigger Child Tax Credits in 2024

January 4, 2024

Many Americans took a double whammy to the pocketbook this year: Prices for things like food and rent rose, and federal pandemic aid continued to peter out. But a string of states took a cue from one of those relief measures — the expanded federal child tax credit — and are stepping in to help […]

Marketplace: The IRS is Trying a Free Online Tax-Filing System That Cuts Out Vendors

January 2, 2024

It’s January, which means you’ll be able to file your 2023 tax returns soon. And this year the IRS is trying something new: Some taxpayers in 12 states will be able to electronically file their federal returns directly with the agency, as opposed to using third parties, which is how the agency’s current e-filing program works. Read […]

The Lever: Billionaire Gifts To Thomas: Generosity Or Taxable Income?

December 23, 2023

If billionaires’ largesse was designed to keep the justice on the high court, experts say the money could be considered a taxable payment. Read more.

Reuters: Exxon’s Low US Tax Payments Ruffle Biden’s Climate Agenda

December 15, 2023

Exxon Mobil’s income tax payments to the U.S. government have dropped to 3% over the past five years – several times below the company’s 20-year average – on massive deductions passed under former President Donald Trump. Read more.

Money: What Would Happen If The IRS Was Abolished?

December 14, 2023

What would happen if the U.S. actually did eliminate the IRS? When I posed this question to Joe Hughes, federal policy analyst at the Institute on Taxation and Economic Policy, he wanted to make one thing clear right away: “There’s no feasible way to abolish the IRS.” Read more.

HuffPost: The Estate Tax Has Hit A Historic Low In America

December 9, 2023

Thanks to policy changes, more and more of the country’s megarich are keeping their wealth in the family. Read more.

Washington Monthly: A Taxing Question for the Roberts Court

December 8, 2023

The justices are being asked to define income under the 16th Amendment, and their answer will have a huge effect on enacting taxes on extreme wealth. Read more.

CNBC: Supreme Court Hears Tax Case On ‘Income’

December 6, 2023

The Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue. Read more.

The Messenger: How a $15,000 Case Before the Supreme Court Could Open the Door to a Wealth Tax

December 6, 2023

A $15,000 dispute before the Supreme Court could create billions of dollars in tax bills for rich people — or it could lead to massive government refunds to companies like Apple. Read more.

Associated Press: Georgia’s Governor and Top Republican Lawmakers Say They Want To Speed Up State Income Tax Cut

December 5, 2023

Georgia’s Republican governor and legislative leaders want to speed up an already-planned cut in the state income tax rate. Read more.

South Florida Sun Sentinel: Editorial: America’s Deep Divide on Display in So-Called Debate

December 3, 2023

The staged TV confrontation on Fox News Thursday between Gov. Ron DeSantis and his California counterpart, Gavin Newsom, didn’t live up to the hype. You knew it wouldn’t. Read more.

Washington Post: Here’s How the Claims in the Ron DeSantis-Gavin Newsom Debate hold Up

December 3, 2023

The 90-minute “red state-blue state” debate hosted by Sean Hannity of Fox News featured a blizzard of statistics by Florida Gov. Ron DeSantis (R) and California Gov. Gavin Newsom (D). Here’s a quick guide to some of the more noteworthy claims and whether they stand up to scrutiny. Read more.

TIME: Who Really Won in the DeSantis-Newsom Debate

December 3, 2023

If hurling insults, distorting facts, and pandering to Americans’ worst instincts are the hallmarks of leadership, then Florida Gov. Ron DeSantis emerged the winner in the debate with California Gov. Gavin Newsom. Read more.

The Week: America Doesn’t Have a Wealth Tax. The Supreme Court Might Kill It Anyway.

November 29, 2023

Remember the wealth tax? It was a centerpiece of Sen. Elizabeth Warren’s 2020 presidential campaign, but the proposal — like her candidacy — didn’t end up going anywhere. But just because America doesn’t actually have a wealth tax doesn’t mean the Supreme Court can’t rule it out of bounds. It just might do so, The Associated Press reported, […]

The Lever: The TurboTax Scam

November 9, 2023

Tax prep companies claim a government-run direct-file system would be expensive — but it could cost less than the federal subsidies going to the industry. Read more.

Bloomberg: Election-Day Ballot Measures Offer Preview of 2024 Fights

November 6, 2023

Ahead of next year’s presidential election, voters will weigh state and local proposals on abortion, taxes and housing. Read more.

News and Tribune (Indiana): Editorial: Raising Sales Tax Would Hurt Poor Hoosiers

November 1, 2023

With statewide elections on the doorstep, some 2024 candidates are playing on a familiar ploy in calling for a reduction or an end to Indiana’s income tax. The most popular idea floated by those who are campaigning on the proposal, including current lieutenant governor and gubernatorial hopeful Suzanne Crouch, is to replace a sizable portion […]

New York Times: Why Do We Enrich Older Americans at the Expense of Everyone Else?

October 26, 2023

We older Americans are not only controlling national politics, we are consuming an ever larger share of our economy’s resources through programs like Social Security and Medicare, leaving younger Americans to foot growing bills for their parents’ and grandparents’ retirements. And politicians of both parties are refusing to recognize the consequences. Read more.

Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].