Institute on Taxation and Economic Policy

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International Business Times: How Much Would Middle Class Save With Bush Tax Cut Extension?

December 17, 2012

(Original Post) By Ashley Portero July 9, 2012 1:52 PM EDT President Barack Obama on Monday officially called for a one-year extension of the Bush tax cuts for middle-class families while allowing those cuts for the  wealthy to expire, a strategy that has previously been scorned by Republicans who argue rescinding those lower rates for […]

New York Times: To Cut Taxes or Keep Services- 2 States Act as Test Cases

December 17, 2012

(Original Post) By MICHAEL COOPERPublished: July 10, 2012 OCEAN CITY, Md. — As state governments begin to emerge from the long downturn, many are grappling with a difficult choice: should they restore some of the services and jobs they were forced to cut after the recession or cut taxes in the hopes of bolstering their […]

The Milford Daily News: Some question value of sales tax holiday

December 17, 2012

(Original Post) By Laura Krantz/Daily News staffMetroWest Daily NewsPosted Jul 13, 2012 @ 01:11 AM FRAMINGHAM — When Jim Green heard about this year’s sales tax holiday, his reaction was “Oh my God!” Green owns Automatic Appliance Service in Framingham, a six-employee family business that recently celebrated its 50th anniversary. “You can do a month’s […]

Capital Gazette: Marylanders have a lot riding on tax policy

December 17, 2012

Posted: Friday, July 13, 2012 10:30 am | Updated: 1:25 pm, Fri Jul 13, 2012. In an interesting article this week, The New York Times used Maryland’s Democratic Gov. Martin O’Malley and Sam Brownback, the Republican governor of Kansas, as examples of the contrasting Democratic and Republican approaches to state spending, now that revenue is […]

The Nation: ‘We Can’t Afford It’: The Big Lie About Medicaid Expansion

December 17, 2012

(Original Post) Richard Kim on July 20, 2012 – 10:47 AM ET In his letter to Health and Human Services Secretary Kathleen Sebelius rejecting the expansion of Medicaid under the Affordable Care Act, Texas Governor Rick Perry tells a whopper. Expanding Medicaid, he writes, would “threaten even Texas with financial ruin.” Texas has the highest […]

The Examiner: GOP plan taxes poor and middle class for the benefit of wealthiest .03 percent

December 17, 2012

(Original Post) GOP Tax ProposalJuly 25, 2012By: James Johnson The lengthy title and subtitle of the latest Center on Budget and Policy Priorities report truly says it all, “Senate and House GOP Leaders’ Tax Proposals Would Provide Windfall for Heirs of Largest Estates, But Would Let Child Tax Credit and Earned Income Tax Credit Improvements […]

Bloomberg: Back to School Means Back to Sales Tax Holidays, But Are They Worth It?

December 17, 2012

(Original Post) August 1, 2012 by Kathleen Caggiano t’s that time of year again – the end of summer signals back to school for many families. And it also signals the start of various sales tax holidays, as many states offer various sales tax holidays in the beginning of August. In 2012, 17 states will […]

Bloomberg BNA: Back to School Means Back to Sales Tax Holidays, But Are They Worth It?

December 17, 2012

(Original Post) Wednesday, August 1, 2012 It’s that time of year again – the end of summer signals back to school for many families.  And it also signals the start of various sales tax holidays, as many states offer various sales tax holidays in the beginning of August.  In 2012, 17 states will offer sales […]

The Portland Press Herald: Bush-era tax cuts? Maine candidates have range of opinion

December 17, 2012

(Original Post) Posted: August 1Updated: Today at 7:06 AM By John Richardson [email protected] House Bureau It will likely be one of the first orders of business for Maine’s next U.S. senator: extend the Bush tax cuts or let them expire? With Congress deadlocked so far on which cuts to keep, the winner of the election […]

National Journal: Should Wind Tax Credit Stay or Go?

December 17, 2012

Original Post OPINION:Not Extending Wind Credit Hypocritical Scott Sklar,  President, The Stella Group, Ltd & Adjunct Professor GWU August 6, 2012 In light of the massive existing subsidies for petroleum and nuclear energy, the policy idea to allow the wind energy production tax credit expire is not only absolute poor public policy but an extreme […]

The Journal Gazette: Report- Rich benefit most in Pence plan

December 17, 2012

(Original Post) Published: August 8, 2012 3:00 a.m. Niki Kelly | The Journal Gazette INDIANAPOLIS – The majority of benefits from an income tax cut proposed by Republican gubernatorial candidate Mike Pence would flow to the highest-income Indiana taxpayers, a new analysis shows. Pence, a six-term U.S. congressman, last week proposed dropping Indiana’s 3.4 percent […]

Forbes: New York AG’s Private Equity Investigation- Money Grab or Shameless Politics?

December 17, 2012

(Original Post) It must be a Presidential election year because otherwise normal people are debating arcane provisions of the federal tax law and some seem to actually be enjoying it. Everybody’s got an opinion on the New York Times report that New York Attorney General Eric Schneiderman is investigating several private equity firms – KKR, […]

Wisconsin Public Radio: Lawmakers Hear Calls for Reviewing Tax Breaks

December 17, 2012

(Original Post) 6:23 pmThu September 6, 2012 By Shawn Johnson Several tax experts told a special legislative panel today that any income tax reform in Wisconsin should consider eliminating the state’s many tax breaks. Among those who testified was Matt Gardner of the Institute on Taxation and Economic Policy.  The Institute favors a progressive income […]

Pierce County Herald: Lawmakers lectured on taxes

December 17, 2012

Published September 11, 2012, 04:34 PM By: Sen. Kathleen Vinehout , Pierce County Herald “We’ve really got a mess,” Todd Berry told the group. Lawmakers are “mucking up the tax code with a lot of stuff nobody uses.” Mr. Berry is the president of the Wisconsin Taxpayers Alliance. He was among four experts who testified […]

Winona Daily News: Lawmakers lectured on taxes

December 17, 2012

(Original Post) By State Sen. Kathleen Vinehout Alma, Wis. “We’ve really got a mess,” Todd Berry told the group. Lawmakers are “mucking up the tax code with a lot of stuff nobody uses.“ Mr. Berry is the president of the Wisconsin Taxpayers Alliance. He was among four experts who testified at a recent Symposia Series […]

Slate: Debunking Romney’s 47 Percent: The Poor Pay Their Fair Share

December 17, 2012

(Original Post) By Eliot Spitzer Posted Tuesday, Sept. 18, 2012, at 6:18 PM ET Two numbers now define our political discourse. One number, made famous by Occupy Wall Street, is 99 percent. It represents the vast majority of our society—those who do not enjoy the income distribution and tax policies, including capital gains preferences and […]

South Bend Tribune: Here’s a better idea on Indiana’s sales tax

December 17, 2012

ANDREA NEAL 5:46 a.m. EDT, September 19, 2012 At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s. At 7 percent, the Indiana sales tax ties for second highest with […]

Facing South: Corporations are the real moochers

December 17, 2012

(Original Post) By Phil Mattera, Dirt Diggers Digest The firestorm over Mitt Romney’s closed-door comments depicting nearly half the U.S. population as parasites is coming mainly from those defending seniors, the poor and the disabled. But what’s really wrong with the Ayn Rand worldview Romney was parroting is that it ignores those who are the […]

The Huffington Post: Poor Americans Pay Double The State, Local Tax Rates Of Top One Percent

December 17, 2012

(Original Post) The Huffington Post  |  By Bonnie Kavoussi Posted: 09/21/2012 3:48 pm EDTUpdated: 09/21/2012 4:07 pm EDT Republican presidential nominee Mitt Romney may be almost right in claiming that 47 percent of Americans “pay no income tax,” but the poorest Americans pay a far higher state and local tax rate than those in the […]

Current TV: All 50 states have a regressive tax system — how does that impact the ’47 percent’?

December 17, 2012

(Original Post) Viewpoint StaffSeptember 21, 2012 So the issue of the week is all about taxes — who pays how much to the government, and do the rich pay more or less. Well, we all know federal income taxes are only one part of the total tax burden. There are lots of other taxes, such […]

San Francisco Chronicle: Calif. voters face 2 tax measures on ballot

December 17, 2012

(Original Post) Wyatt BuchananUpdated 11:30 p.m., Saturday, September 22, 2012 Sacramento — Californians will decide two tax measures on the November ballot that would have similar impacts on their wallets but vastly different, and in some ways unknowable, effects on the state’s budget and funding for public education. Proposition 30 and Proposition 38 are competing […]

Business Insider: Every State’s State/Local Tax System Taxes the Poor More than the Wealthy–And All Exceed Federal Taxes

December 17, 2012

(Original Post) Sep. 24, 2012, 8:11 AM by Kenneth Thomas Every State’s State/Local Tax System Taxes the Poor More than the Wealthy–And All Exceed Federal Taxes A new report from the Institute on Taxation and Economic Policy (ITEP) shows that in every state in the country, the bottom 20% of households pay more of their […]

The News-Sentinel: Alternative to Gregg, Pence plans: roll back sales tax to 6.5 percent

December 17, 2012

(Original Post) By Andrea Neal For The News-SentinelMonday, September 24, 2012 – 9:44 am At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half-dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s. At 7 percent, the Indiana sales tax […]

The Huntsville Times: Looking for a spare $1 billion

December 17, 2012

(Original Post) Published: Monday, September 24, 2012, 7:29 AM     Updated: Monday, September 24, 2012, 7:31 AM Mike Hollis, The Huntsville Times By Mike Hollis, The Huntsville Times Think of it as Alabama’s $1 billion question. Will the money to repay the state’s savings account for natural gas royalties be siphoned out of public school classrooms […]

The Huffington Post: Will Someone Please Increase My Taxes!?

December 17, 2012

(Original Post) The article began: Last November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a major study of the federal income taxes paid, or not paid, by 280 big, profitable Fortune 500 corporations. That report found, among other things, that 30 of the companies paid no federal income tax […]

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