Institute on Taxation and Economic Policy

Select Media Mentions

Editorial: Back-to-School Sales Tax Holiday is Mostly Hype

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.

Washington Post: Biden Wants Rich Companies to Pay Higher Taxes. Some Are Fighting Back.

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 […]

New York Times: What’s the Matter With Miami?

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 […]

Chalkboard News: Some States Offer Back-to-School Tax Holidays. Do They Work?

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.

Charlotte Observer: NC Republicans Aren’t Worried About the Effects of Tax Cuts. You Should Be.

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.

The Lever: The Magical Math Behind Disney’s Content Purge

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 […]

Video: How Google, UPS & Amazon Avoid Paying Billions in Taxes

July 19, 2023

ITEP Senior Fellow Matt Gardner appeared on The Freedom Side to discuss corporate tax breaks and "bonus depreciation."

Video: ITEP Executive Director Amy Hanauer Featured on The Young Turks Segment on Social Security

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.

The Hill: Progressive Groups Tell Dems To Back Out of Debt Ceiling Handshake Deal

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.

Yahoo Finance: Could Social Security Be Saved by the ‘Buffett Rule?’

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.

Sacramento Bee: Biden, Democrats Want to Increase Tax Break for Parents. It Could Help 15 million Californians

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

Video: ITEP’s Matt Gardner Talks Corporate Tax Breaks on Scripps News Live

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.

The New Republic: The Truth About the GOP and the Deficit: All They Do Is Raise It

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.

Mountain State Spotlight: Tax Cuts, Low-Balled Estimates and Volatile Revenues: Inside West Virginia’s $1.8 Billion Budget Surplus

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.

Pittsburgh Post-Gazette: The Next Tax Debates are Heating Up in Congress

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.

The Sacramento Bee: Fact Check: Does California’s Middle Class Pay Less in Taxes Than in Other States?

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.

Insider: The IRS Could Recover $12 for Every $1 Spent on Scrutinizing the Ultra-Wealthy’s Taxes

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 […]

The Independent: Biden Warns Union Members that Republicans are ‘Coming for Your Jobs’ in 2024 Campaign Speech in Philadelphia

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.

Video: ITEP’s Amy Hanauer Talks Proposed GOP Tax Cuts on Scripps New Live

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.

Salon: GOP Follows Debt Fight with Bill to Give $24 billion Tax Cut to the Top 1 Percent

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.

Common Dreams: New GOP Bills Would Hand Richest 1% Over $28 Billion in Tax Cuts Next Year

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.

Video: ITEP’s Joe Hughes Talks Child Tax Credit Expansion on Scripps News Live

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.

Los Angeles Times: As IRS Funding Shrinks, California’s Wealthiest Can Breathe a Bit Easier

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.

Forbes: House Proposal Would Restore Expanded And Improved Monthly Child Tax Credits

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.

South Florida Sun Sentinel: Editorial: Short-Sighted Debt Deal Protects Tax Evaders

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].