Select Media Mentions
CNBC: Fixing Social Security Funding Woes Requires Addressing Immigration “Fraud,” Vance Said. Here’s What Experts Say.
October 1, 2024
Undocumented immigrants contributed $33.9 billion in federal social insurance taxes in 2022 toward Social Security, Medicare and unemployment insurance, according to the Institute on Taxation and Economic Policy. Yet because of their immigration status, those workers are barred from accessing those benefits.
NerdWallet: What Trump and Harris Have in Store for Your Taxes
October 1, 2024
As far as how the candidates are tackling all aspects of tax code, Amy Hanauer, executive director of the left-leaning think tank Institute on Taxation and Economic Policy, says, “The big picture is the Harris approach raises more revenue; it raises it primarily from the wealthiest and corporations. The Trump approach puts us deeper in debt and gives a lot more away to wealthy people and corporations. Both of them, I think, have some proposals that would help middle class families on the tax side. But the Harris approach gives us more revenue to pay for things that middle class…
CBS News: What Are Tim Walz’s Economic Policies? Here’s a Look at What He’s Done in Minnesota.
October 1, 2024
Minnesota Gov. Tim Walz may be best known for his Midwestern roots, having grown up in Nebraska and spent years as a public school teacher and football coach in Minnesota. But voters will get a chance during his debate Tuesday with vice presidential rival Sen. JD Vance on CBS to hear more about Walz's views on taxes and the economy, a critical issue in the November election.
NPR Planet Money: Inside the Economic Minds of the VP Candidates
September 27, 2024
FOUNTAIN: Yeah, let's talk about that for a second. Tax policy is our wheel house. Tell us about the tax policies of Walz. ROSALSKY: So, to set the scene a little bit, according to the Institute on Taxation and Economic Policy, most states in our country actually have somewhat regressive tax systems. They tax the rich at lower rates, and therefore are tax systems that aren't progressive at all. Walz helped make Minnesota one of the few tax systems in the country that is progressive. And he did this through a series of tax cuts and rebates and credits for…
Rolling Stone: Trump’s Tax Plan Is Another Giant Boon for the Wealthy
September 20, 2024
Former President Donald Trump can’t stop touting his 2017 “Trump tax cuts” as his signature economic achievement, claiming vast benefits delivered to average Americans. He’s pledged to both continue and expand the cuts if elected president.
The American Prospect: Trump’s Tax Cut-A-Rama Total so Far: $9.75 Trillion
September 20, 2024
Donald Trump’s recent bid for votes by giving away a host of tax benefits and exemptions would bring the total cost of his tax plan to between $8.5 trillion and $9.75 trillion over a decade, according to a Prospect review of estimates by tax study organizations.
Los Angeles Times: Trump Says He Would Uncap the State and Local Tax Deduction
September 19, 2024
Days after mingling with wealthy donors in Beverly Hills and the Bay Area, former President Trump said that if he is reelected, he would reinstate a tax break that benefits residents of high-tax states such as California.
ITEP’s Kamolika Das Responds to Misleading Baltimore Sun Op-ed
September 19, 2024
ITEP Local Policy Director Kamolika Das had this letter to the editor published in the Baltimore Sun on September 18: David F. Tufaro’s recent commentary about the Renew Baltimore campaign is wildly misleading (“Baltimore’s high property taxes sustain a broken system,” Sept. 15). The Renew Baltimore proposal to drastically cut and permanently cap Baltimore’s property tax […]
Herald-Mail Media: Maryland Taxpayers Can Use IRS Direct File Next Year: What to Know About Free System
September 9, 2024
Maryland officials backed a federal effort this week to make the process of filing your taxes “easier, simpler, and more affordable,” according to the governor, but forthcoming program eligibility details will reveal who may benefit.
The Nevadan: Trump’s Promise of Mass Deportations Could Devastate Nevada’s Economy. Here’s How.
September 3, 2024
A recent study conducted by the Institute on Taxation and Economic Policy (ITEP) found that undocumented immigrants contributed at least $96.7 billion in federal, state, and local taxes in 2022 — a number that would increase if they were granted formal work authorization. In Nevada, undocumented immigrants accounted for $507 million in 2022 tax revenue, the study found.
Financial Times: Silicon Valley’s Elite Rattled by Prospect of Tax on Unrealized Gains
August 30, 2024
A novel proposal to tax the unrealised gains of wealthy Americans has incited fury from Silicon Valley’s richest investors. US vice-president Kamala Harris, the Democratic nominee for the 2024 presidential election, rolled out a tax plan last week aimed at raising nearly $5tn over a decade. It included support for the controversial tax proposal, which was also part of President Joe Biden’s federal budget plan for 2025.
AFP Fact Check: Posts Misrepresent Harris Tax Plan on Unrealized Capital Gains
August 30, 2024
Social media posts claim Kamala Harris' economic plan, were she elected president, would force Americans to pay tax on the rise in value of assets such as homes and stock investments, even if they are not sold. This is mostly false; the proposal in the current Biden administration's budget calls for a tax on "unrealized gains" on certain assets -- but only for households with a net worth of at least $100 million, or an estimated 0.01 percent of taxpayers.
The Independent: What We Know About Kamala Harris’s Tax Plans
August 28, 2024
Kamala Harris has pledged that strengthening America’s middle class will be a “defining goal” of her presidency, if elected. In her keynote address at the Democratic National Convention, Harris envisioned what she called an “opportunity economy” anchored by a “middle class tax cut that will benefit more than 100 million Americans,” standing in stark contrast to Donald Trump’s sweeping tax cuts that largely benefit America’s wealthiest households.
MarketWatch: Kamala Harris Backs Biden’s Tax Proposals — Including a Tax on Unrealized Capital Gains
August 26, 2024
n the first few days of Kamala Harris’s 2024 presidential campaign, experts told MarketWatch that her stances on taxes probably would closely resemble those of President Joe Biden.
The Lever: Will Harris Finally Kill Wall Street’s Infamous Tax Break?
August 26, 2024
s part of their new 2024 party platform, Democrats have promised to close a notorious tax loophole that has long allowed Wall Street billionaires to pay a far lower tax rate than most Americans. Likewise, Vice President Kamala Harris has reportedly signaled she supports ending this tax break, which could net billions in government revenue.
La Opinión: Los indocumentados que Trump quiere deportar aportan millones de dólares a la economía
August 15, 2024
En una entrevista con la cadena ABC el pasado domingo, el compañero de fórmula de Donald Trump en la mancuerna presidencial republicana, JD Vance, evadió responder cuál será el proceso para identificar y deportar a millones de indocumentados, la pieza central de su campaña, y se limitó a recitar las usuales frases que son código de movilización para su base: frontera “abierta”, muro, criminales.
NPR Planet Money: The Economic Mind of Tim Walz
August 13, 2024
In recent weeks, Minnesota Gov. Tim Walz burst from relative obscurity to co-headlining the Democratic presidential ticket. Walz’s career rocket launch was fueled by his cutting political rhetoric, folksy midwestern charm, jovial dad vibes, and progressive principles and accomplishments.
The Washington Examiner: The Coming Multifront Battle Over the Corporate Tax Rate
August 12, 2024
Next year is likely to see the biggest battle over the taxation of corporations in nearly a decade, a multifront engagement that will pit free marketers and big business against Democrats and populists. The corporate tax rate is set to be a point of negotiation in a historic “fiscal cliff” scheduled for next year, when the individual portions of the Trump tax cuts expire.
USA Today: Trump’s Lies About Undocumented Immigrants Hide the Truth: They Pay Their Share of Taxes
August 9, 2024
These payments fund essential public services and immigrants' own paths to legal status. Misinformation about undocumented immigrants in America is harmful and leads to stereotypes and policies that not only hurt immigrants but Americans and businesses, too.
ABC News: What is Tim Walz’s Record on the Economy? Look at Minnesota.
August 8, 2024
Minnesota Gov. Tim Walz, the Democratic vice presidential nominee, has enacted economic policies in the state on key issues like job creation and taxes. The track record, stretching back to 2018, indicates how he may approach such issues if granted the nation's second-highest office. His positions could also help shape perceptions of the Harris-Walz ticket on the economy, which ranks as one of the most important issues among voters. Here's what to know about where Walz stands on key economic issues:
Bangor Daily News: Immigrants Add Value to the US
August 8, 2024
With so much focus on immigration, there is unfortunately much false information being shared about immigrants and their impact on the U.S. One common misperception is that immigrants are a drain on the economy. A recent national report adds new information to debunk such arguments. According to the Institute on Taxation and Economic Policy, undocumented immigrants paid nearly $100 billion in federal, state and local taxes in 2022. More than half went to the federal government.
Mother Jones: How Trump’s “Mass Deportation” Plan Would Ruin America
August 8, 2024
This election cycle, former President Donald Trump has made one campaign promise the most prominent: Mass deportation. It is a long-standing vow. In 2016, Trump said he would deport the 11 million undocumented immigrants living in the United States. Once in the White House, he ordered sweeping worksite raids, enacted a ban on travelers from Muslim-majority countries, and deliberately separated migrant families, many of whom have yet to be reunited.
New York Times: A Walzonomics Primer
August 7, 2024
It’s been nearly 24 hours since Kamala Harris announced Gov. Tim Walz of Minnesota as her running mate, catapulting him into the national spotlight. Unlike other candidates for the position, including Gov. Josh Shapiro of Pennsylvania and Senator Mark Kelly of Arizona, the Midwestern politician hasn’t been closely scrutinized — until now. Here’s where he stands on some key business issues.
Fox Business: Kamala Harris’ VP Pick: What to Know About Tim Walz’s Economic Track Record
August 7, 2024
Minnesota Gov. Tim Walz's economic track record is under the microscope after Vice President Harris' decision Tuesday to select Walz as her running mate on the Democratic Party's 2024 ticket.
Audio: ITEP’s Marco Guzman on Taxes Paid by Texas Undocumented Immigrants
August 6, 2024
Marco appeared on Texas Public Media’s The Source on August 4, 2024. Listen to the clip here.
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