Recent Work by ITEP
A growing number of Americans are getting rides or booking short-term accommodations through online platforms such as Uber and Airbnb. This is nothing new in concept; brokers have operated for hundreds of years as go-betweens for producers and consumers. The ease with which this can be done through the Internet, however, has led to millions of people using these services, and to some of the nation's fastest-growing, high-profile businesses. The rise of this on-demand sector, sometimes referred to as the "gig economy" or, by its promoters, the "sharing economy," has raised a host of questions. For state and local governments,…
For years, the number one tax policy talking point from corporate lobbyists has been the claim that the United States has the highest corporate tax rate in the world. The story then goes that this high tax rate is driving away business and Congress should move to dramatically lower it. A new study by the […]
Tax Justice Digest: New Eight-Year Data Reveals Corporations Aren’t Paying Their Fair Share
March 9, 2017 • By ITEP Staff
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. New Study Explores the 35 Percent Corporate Tax Myth A comprehensive, eight-year study of profitable Fortune 500 corporations […]
Profitable corporations are subject to a 35 percent federal income tax rate on their U.S. profits. But many corporations pay far less, or nothing at all, because of the many tax loopholes and special breaks they enjoy. This report documents just how successful many Fortune 500 corporations have been at using loopholes and special breaks over the past eight years. As lawmakers look to reform the corporate tax code, this report shows that the focus of any overhaul should be on closing loopholes rather than on cutting tax rates.
This week brings more news of states considering reforms to their consumption taxes, on everything from gasoline in South Carolina and Tennessee, to marijuana in Pennsylvania, to groceries in Idaho and Utah, and to practically everything in West Virginia. Meanwhile, the fiscal fallout of Kansas’s failed ‘tax experiment’ has new consequences as the state’s Supreme […]
Thursday, March 8 is International Women’s Day. The day draws attention to the progress that has been made and the work that still needs to be done in advancing gender equality. Many campaigns on issues like equal pay or paid family leave acknowledge that economic policies impact women and men differently. But we often overlook […]
GOP Obamacare Repeal Would Slash Taxes on the Wealthy At the Expense of Middle- and Low-Income Families
March 7, 2017 • By Richard Phillips
On Monday, House Republicans released legislation that would repeal or modify many of the most significant portions of the Affordable Care Act (ACA). A central theme of the GOP plan is that it would significantly cut funding for low- and middle-income families’ health care, while eliminating the ACA’s expansion of Medicare taxes on the wealthiest […]
A newly updated ITEP report released today provides data that helps dispute the erroneous idea espoused during President Trump’s address to Congress that undocumented immigrants aren’t paying their fair share. In fact, like all others living and working in the United States, undocumented immigrants are taxpayers. They collectively contribute an estimated $11.74 billion to state […]
Tax Justice Digest: Undocumented Immigrants Pay Taxes and Fact-Checking President Trump
March 2, 2017 • By ITEP Staff
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Undocumented Immigrants’ Tax Contributions ITEP today released updated numbers on undocumented immigrants’ tax contributions. Collectively, they contribute $11.74 […]
Fact-Checking Tax Policy Points in President Trump’s Address to Congress
March 1, 2017 • By Richard Phillips
Despite some expectations that President Donald Trump would use his address to a joint session of Congress to lay out more details of his plan for tax legislation, the speech was extremely light on details. The few details mentioned were largely misleading or outright erroneous. Below we break down four tax-related statements from President Trump’s […]
ITEP in the News
The Guardian: Billionaire Fortunes Have Reached All-Time Highs Under Trump. So Has the Movement To Tax Them
The Guardian: Washington State’s ‘Historic’ Millionaire Tax Takes Aim at Super-Rich – Will It Succeed?
Video: ITEP's Amy Hanauer Discusses How to Make the Federal Tax Code Fairer on WHYY
Politico: Governors Forgo Past Response to High Gasoline Prices
Stateline: Gas Prices Rise Again As Some States Consider Tax Holidays
ITEP Work in Action
FACT Coalition: Take the Money and Run – Amidst Oil Price Windfalls, U.S. Oil Majors Continue to Pay Less Tax at Home than Abroad
Brookings: The Caregiving Crisis and the 2026 Vote
Gov. Evers Vetoes Bill Requiring Wisconsin to Opt Into Nationwide Expansion of Private Voucher Schools
Oxfam: The Case for Fairly Taxing the Rich in New York
Economic Policy Institute: How ARPA State and Local Fiscal Recovery Funds Helped Ensure a Swift Post-COVID Recovery
Institute on Taxation
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