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ITEP Work in Action
April 15, 2021
California Budget & Policy Center: Promoting Racial Equity Through California’s Tax and Revenue Policies
Legacies of historical racist policies and ongoing discrimination in areas such as education, employment, and housing have barred many Californians of color from economic opportunities.… -
ITEP Work in Action
April 14, 2021
NC Policy Watch: Some simple truths about the taxes corporations pay and Biden’s proposal blow the whistle on them
Discovery No. 1 one is that almost no major U.S. corporation, certainly not those that do business overseas, actually pays the 21% corporate tax rate,… -
ITEP Work in Action
April 14, 2021
NC Policy Watch: New report: NC tax policy promotes racial inequities in numerous ways
North Carolina’s tax code and budget are wrought with such policy choices, which can result in racist outcome that worsen barriers to well-being for people… -
blog
April 14, 2021
State Rundown 4/14: More Progressive Wins in the Headlines this Week, but Mind the Fine Print
Two significant victories headlined state tax debates in the past week, as New Mexico leaders improved existing targeted tax credits to give bigger boosts and reach more families in need, and West Virginia lawmakers unanimously shut down a destructive effort to eliminate the state’s progressive income tax. These developments follow last week’s major wins for progressive taxation and targeted assistance in New York, and more good news is likely soon as Washington legislators continue to advance their own targeted credit for working families. Not all the news is positive though, as costly and/or regressive tax cuts remain on the table in states including Florida, Iowa, Ohio, and others.
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ITEP Work in Action
April 13, 2021
Arizona Center for Economic Progress: Arizona's regressive tax policy contributes significantly to economic and racial injustice
Tax policy plays a role in the fight for economic and racial justice. The type of tax and how it is structured matters. A new… -
ITEP Work in Action
April 13, 2021
North Carolina Justice Center: State Tax Policy Is Not Race Neutral
North Carolina’s tax code and budget are wrought with such policy choices, which can result in racist outcomes that worsen barriers to well-being for people… -
blog
April 8, 2021
What to Expect from Biden and Congressional Democrats on Tax Increases for Individuals
The Biden administration has already provided details on its corporate tax proposals and in the next couple of weeks is expected to propose tax changes for individuals. Meanwhile, congressional Democrats have some ideas of their own. What should we expect?
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report
April 8, 2021
National and State-by-State Estimates of President Biden’s Campaign Proposals for Revenue
During his presidential campaign, Joe Biden proposed to change the tax code to raise revenue directly from households with income exceeding $400,000. More precisely, Biden proposed to raise personal income taxes on unmarried individuals and married couples with taxable income exceeding $400,000, and he also proposed to raise payroll taxes on individual workers with earnings exceeding $400,000. Just 2 percent of taxpayers would see a direct tax hike (an increase in either personal income taxes, payroll taxes, or both) if Biden’s campaign proposals were in effect in 2022. The share of taxpayers affected in each state would vary from a low of 0.6 percent in West Virginia to a high of 3.5 percent in New Jersey.
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report
April 8, 2021
A Proposal to Simplify President Biden’s Campaign Plan for Personal Income Taxes and Replace the Cap on SALT Deductions
In this paper, we describe a tax policy idea that would simplify the proposals President Biden presented during his campaign to raise personal income taxes for those with annual incomes greater than $400,000. Our proposal would replace the cap on state and local tax (SALT) deductions with a broader limit on tax breaks for the rich that would raise more revenue than the personal income tax hikes that Biden proposed during his campaign. Our proposal would also achieve Biden’s goals of setting the top rate at 39.6 percent and raising taxes only on those with income exceeding $400,000.
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ITEP Work in Action
April 7, 2021
Oregon Center for Public Policy: A better reality for Oregonians requires flipping the tax system
As vaccines for COVID-19 make their way into the arms of Americans, a sense of normality feels within reach. But going back to normal is…
