August 15, 2023
It’s just about back-to-school time, and Gov. Phil Murphy and other Democratic state leaders are showing their love for New Jersey families by offering this special giveaway: 20 cents in sales tax savings off a $3 notebook. Or 13 cents off $2 box of pencils. Wow, right? Read more.
August 14, 2023
It was a simple idea: Major U.S. corporations should pay at least a 15 percent tax on their income, ending an era when some of the country’s most profitable firms owed the federal government little or nothing at all. Instead, the policy championed by President Biden remains bogged down in Washington amid growing legal uncertainty […]
August 4, 2023
For a couple of years after the pandemic struck, there was considerable buzz to the effect that much of the financial industry might leave New York for Miami. After all, state and local taxes on the richest one percent are much lower in Florida than in New York — about nine points lower as a percentage of income, according […]
August 2, 2023
As back-to-school shopping is expected to cost consumers an all-time high, some states have implemented sales-tax holidays aimed at providing some relief. Read more.
July 28, 2023
In mid-summer, the state capital is experiencing an odd mix of anxiety and content. Democratic Gov. Roy Cooper is warning that plans by Republican state lawmakers to expand private school vouchers and further cut income taxes have forced our public schools into a state of emergency. Read more.
July 26, 2023
As Hollywood actors and writers strike together for the first time since 1960 over pay, working conditions, and job security, Disney has purged dozens of original TV shows and movies from its streaming platforms, in a move that hurts workers and gives subscribers fewer options to watch. Disney claims it needs to destroy the content […]
July 19, 2023
ITEP Senior Fellow Matt Gardner appeared on The Freedom Side to discuss corporate tax breaks and "bonus depreciation."
July 17, 2023
This Young Turks segment on Senator Ron Johnson's comments on Social Security features his exchange with ITEP Executive Director Amy Hanauer as well as ITEP data.
July 17, 2023
Progressive groups are arguing a handshake agreement on spending struck by Republicans and Democrats while raising the debt ceiling is null and void. Read more.
July 12, 2023
Among the chief proposals to fix Social Security before a major funding source runs out of money is to have wealthy Americans pitch in through higher taxes and lower benefits. One way to do that is through the so-called “Buffett Rule,” named after mega-billionaire investor Warren Buffett. Read more.
July 12, 2023
The increased tax credit would help an estimated 14.7 million Californians, according to the Institute on Taxation and Economic Policy, a progressive Washington-based research group. While the proposed increase has a long way to go legislatively, and is likely to change, it’s one of several tax cuts under serious discussion. Read more
July 11, 2023
ITEP Senior Fellow Matt Gardner talks about "bonus depreciation" and our new report that finds that this tax break has saved nearly $67 billion for 25 of the corporations that benefited most.
July 6, 2023
They talk deficit reduction. But what they actually do—time after time after time—is raise it via corporate giveaways. Here’s the latest example. Read more.
July 1, 2023
Gov. Jim Justice has used the state’s budget surplus as proof of his business skills as he runs for the U.S. Senate. But the surplus is built on unpredictable revenue streams and will likely be temporary. Read more.
June 26, 2023
Call it the battle of the tax cuts. Western Pennsylvania’s lawmakers are on opposite sides as the U.S. House debates whether — and how — to cut taxes. Read more.
June 21, 2023
“The American people don’t know this. We have the highest tax rate for the 1%, but middle-class families actually paid less than the majority of states in America in California,” Gov. Gavin Newsom told Fox News host Sean Hannity last week. The governor was half-right. Read more.
June 19, 2023
It turns out that scrutinizing the rich’s taxes pays off. A new paper from economists at the Department of Treasury, Harvard University, and the University of Sydney looks at the return on investment from IRS audits from 2010 through 2014. They find that while it’s much more expensive to audit the wealthiest tax payers, it’s still a […]
June 19, 2023
Joe Biden got his 2024 presidential re-election campaign underway in Philadelphia on Saturday by continuing to pitch voters on his pro-labour bonafides. Read more.
June 15, 2023
ITEP Executive Director Amy Hanauer joined Scripps News Live to talk about the trio of tax bills that House Republicans are moving through committee this week, and explain how they would disproportionately help the wealthiest Americans and foreign investors.
June 15, 2023
After spending months threatening to tank the economy over the federal deficit, Republicans have unveiled a set of new tax proposals that would cost the government billions of dollars — by handing tens of billions of dollars of tax cuts to the richest 1 percent of Americans, as a new report reveals. Read more.
June 13, 2023
Tax cut legislation that House Republicans are set to consider this week after pushing the global economy to the brink of disaster would deliver more than $28 billion to the richest 1% of Americans next year—and just $1.4 billion to the poorest fifth of the country. Read more.
June 12, 2023
ITEP Federal Policy Analyst Joe Hughes joined Scripps News Live to talk about the American Family Act, which would permanently expand the Child Tax Credit (CTC) to 2021 levels, helping millions of children and families, especially the lowest-income families who currently make too little to receive the CTC.
June 9, 2023
California millionaires and billionaires who were set to face the full auditing firepower of a revamped Internal Revenue Service can breathe a bit easier, thanks to congressional Republicans. Read more.
June 9, 2023
A group of U.S. Representatives has introduced the American Family Act, legislation that would make the previously expanded and improved monthly child tax credit permanent. Read more.
June 7, 2023
Not much in the debt ceiling extension deal will have lasting impact. But one significant aspect cuts $21 billion out of the $80 billion the IRS received in new money from Congress last year. 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].