Institute on Taxation and Economic Policy

Select Media Mentions

Center for Public Integrity: How Will a Divided Government Affect Taxes?

January 27, 2023

House Republicans want tax changes that experts say would increase inequality and aren’t likely to pass the Senate. In a gridlocked federal landscape, states may hold the key. Read more.

Idaho Statesman: A Warning About Cutting Taxes in States Like Idaho That are Flush with Cash

January 27, 2023

During his State of the State address this year, Idaho Gov. Brad Little quoted Lt. Gov. Scott Bedke’s piece of ranch family wisdom. “It won’t be the bad years that put you out of business; it’s what you did in the good years that sets you up for failure or success.” Flush with cash, too […]

The American Prospect: Reanimating the Taxman

January 26, 2023

At its core, the Internal Revenue Service (IRS) is the federal government’s revenue collector and benefits administrator. Yet with Congress inclined to run virtually every function of the government through the tax code in some form, the agency is equivalent to the central processing unit of every electronic device on the planet. Read more.

Wisconsin Examiner: Tax Analyst Says Flat-Rate System Will Benefit Wealthy at the Expense of the Majority

January 26, 2023

The wealthiest Wisconsin residents already pay a smaller share of their incomes in state taxes than the rest of the population, and replacing the state’s current graduated-rate income tax structure with a flat tax would increase that disparity, a national tax expert says. Read more.

Newsweek: The GOP’s 30 Percent Sales Tax Plan Is Tearing the Republican Party Apart

January 26, 2023

Republicans in the House of Representatives appear divided over a proposed national sales tax that would replace income taxes, with Democrats using the issue to attack the GOP. Read more.

Yahoo Money: The Fair Tax Act Aims to Abolish the IRS and Set a National Sales Tax. Here’s How It Would Work

January 25, 2023

Imagine this: Instead of paying federal taxes to the IRS, you pay them to your local cafe every time you buy a latte or to your supermarket when you make a grocery run — or to countless other businesses when you make purchases. Read more.

Yahoo News: Flat Income Taxes: Who Are the Biggest Winners and Losers?

January 25, 2023

From Kansas to Wisconsin to Nebraska, the conversation surrounding a flat tax has picked up as of late, with more state legislators pushing for as much. Read more.

KUOW Seattle: WA Democrats Join Nationwide Rollout of ‘Wealth Tax’ Proposals

January 20, 2023

Washington state Democrats Sen. Noel Frame and Rep. My-Linh Thai announced legislation Thursday to create a state wealth tax on financial assets in excess of $250 million. They say it could generate an estimated $3 billion per year to fund housing and education, and decrease the tax burden on working-class people. Read more.

CBS News: As Tax Season Nears, a Backlogged IRS Faces GOP Push to Stamp It Out

January 13, 2023

The IRS is gearing up for another tax season amid a slew of challenges, according to a new report. Most pressing is the need to upgrade its “antiquated” systems and hire more workers to provide better service, a watchdog group within the IRS found. Yet the agency’s leadership also faces another test: repelling the latest […]

Newsweek: Wealthy Tax Cheats Set To Benefit From Republicans’ Defunding of IRS

January 10, 2023

Now that Kevin McCarthy has finally been elected House speaker, and a new congressional term sworn in, the GOP has already voted on one of its key promises made during last year’s midterm elections: to target the Internal Revenue Service. Read more.

Governing: The Biggest Issues to Watch in 2023

January 10, 2023

State coffers are overflowing, but inflation could put a pinch on spending plans and tax cuts. The labor market remains tight just when the demand for more teachers is skyrocketing. And then there are the ongoing culture wars. Welcome to 2023. Read more.

Vox: The Ultrarich are Getting Cozy in America’s Tax Havens at Everyone Else’s Expense

January 4, 2023

More states are slashing or eliminating taxes, lessening the burden mostly for the wealthy. What does that cost the rest of us? Read more.

Los Angeles Times: You’re Not Getting Child Tax Credit Checks Anymore. Here’s Why

January 3, 2023

If you raised children during the pandemic, you probably remember something remarkable: getting checks in the mail, every month, from the federal government. The expanded child tax credit provided a few hundred dollars to help pay for your son’s braces or your daughter’s ballet lessons — or to ease the stress over whether you had […]

The Hill: Trump Tax Returns Raise Alarms About Fairness of US Tax Code

January 3, 2023

A preliminary review of the thousands of pages of Donald Trump’s tax returns released by a key congressional committee on Friday confirms that the former president was using business losses in the tens of millions of dollars to reduce his annual tax liability, in some cases all the way down to zero. Read more.

Albany Times Union: Ending Poverty Will Take a New Look at Wealth, Too

January 2, 2023

We would do well to remember the millions of families in New York that were already experiencing the storms of poverty, inequality and policy violence, not to mention those who have nowhere safe to celebrate the holidays. Read more.

Seattle Times: Proliferation of GoFundMes Reveals a Dirty Little Open Secret

January 2, 2023

This time of year, we find ourselves touched by the generosity, grace and kindness of people helping people. Extending ourselves to others reveals the best of who we are as humans, and that emerges so clearly during the holiday season. Yet as moved as I often am by the ways people show up for each […]

Yahoo Finance: These 23 Companies Got $50 Billion in Tax Breaks Due to a Trump Tax Law

December 24, 2022

The government spending bill that was just passed through the Senate and awaits approval from Congress is estimated to total nearly $1.7 trillion. While it will fund a variety of initiatives like aid to Ukraine and enhanced retirement savings, it will not extend “accelerated depreciation” tax breaks, which were initiated during the Trump administration and seen by […]

Hawaii Public Radio: Report: State could slash child poverty in half with new tax credit

December 20, 2022

The child tax credit has been available at the federal level since 1997. Before 2021, families were able to take advantage of a $2,000 credit per child. Under the American Rescue Plan, the credit was expanded to $3,000 per child between the ages of 6 and 17, and $3,600 for every child under 6 years […]

Pluribus News: States Advance Child Tax Credits as Congress Deliberates

December 15, 2022

Lawmakers in Connecticut, New York and several other states want to expand tax breaks for families with children next year, inspired by a 2021 federal tax credit that dramatically reduced child poverty. Read more.

The Lever: Will Biden End An Illegal $50 Billion Tax Giveaway?

November 23, 2022

The IRS is sanctioning state laws allowing rich Americans to bypass the SALT cap and avoid billions in taxes, but a new Biden nominee could end the scheme. Read more.

Route 50: How Tax Credits Could Help States Reduce Child Poverty by 25%

November 23, 2022

Child poverty in the U.S. hit a record low last year, according to the U.S. Census Bureau, in part due to the American Rescue Plan Act’s expansion of the federal child tax credit. While the initiative expires at the end of 2021, states could continue the trend with their own child tax credit policies, a new […]

Jacobin: In Massachusetts, Unions Beat Billionaires to Pass a Tax on the Rich

November 23, 2022

Voters in Massachusetts just ratified the Fair Share Amendment, which taxes income above $1 million to fund public services. A broad coalition of labor and community groups took on billionaire money and won. Read more.

CNBC: As a Key Deadline Looms to Claim 2021 Tax Credits, Republicans Complain of ‘Suspicious Timing’ of IRS Letters

November 23, 2022

Certain tax credits were made temporarily more generous in 2021. For certain people, there still may be time to claim the money, which may add up to thousands of dollars — but some politicians aren’t happy the IRS just reminded Americans about the cash. Read more.

Policy for the People Podcast: Our Labor, Their Fortunes: Billionaires Capture Oregon’s Wealth

November 11, 2022

Wealth inequality is at mind-boggling levels in Oregon and elsewhere. Listen to Research Director Carl Davis talk about the trends here.

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].