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news release
April 28, 2021
American Families Plan Proposes Transformational Investments and More Equitable Tax Reform
Following is a statement by Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, regarding President Biden’s remarks on the American Families… -
ITEP Work in Action
April 28, 2021
Arizona Center for Economic Progress: The flat tax falls flat for most Arizonans
The Arizona legislature is poised to permanently cut over a billion dollars in state revenues, the largest tax cut in the last three decades. This… -
ITEP Work in Action
April 28, 2021
Movement for Black Lives (M4BL): Restructure Tax Codes
The current taxation system exacerbates economic and racial disparities rather than generating sufficient revenue to be redistributed for the common good. Billionaires and corporations benefit… -
blog
April 27, 2021
Gentrification and the Property Tax: How Circuit Breakers Can Help
Property tax circuit breakers are effective because they provide property tax relief to families whose property taxes surpass a certain percentage of their income. If a family in a gentrifying area sees their property tax bill (or their rent) surge to an unaffordable level, a circuit breaker credit kicks in to offer relief. This targeted approach assists low- and middle-income families without significantly reducing overall tax revenue.
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blog
April 27, 2021
Bold Progressive State Tax Victories Provide Bright Spots in Difficult Year
“Bold progressive victories” is probably not the first phrase that comes to mind when thinking about state laws enacted so far in 2021…But progressive advocates, lawmakers, and voters have won some tremendous victories in states recently…We should celebrate them for the achievements they are—and closely study them for lessons they can teach about how to bring about positive progressive change in these and other states.
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blog
April 27, 2021
Child Tax Credit Is a Critical Component of Biden Administration’s Recovery Package
Nearly one in seven children in the United States lives in poverty and about 6 percent of all children live in deep poverty. President Joe Biden’s American Families Plan would tackle child poverty in an immediate, meaningful way. It is expected to extend the one-year Child Tax Credit (CTC) enhancements included in the March 2021 American Rescue Plan (ARP) through 2025. Next year alone, this would provide a collective $112 billion income boost to nearly 75 million children who live in households that would benefit from the expansion.
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blog
April 27, 2021
Inclusive Child Tax Credit Reform Would Restore Benefit to 1 Million Young ‘Dreamers’
As the Biden administration maps out the next steps in America’s response to the coronavirus pandemic—through what is now being called the American Families Plan—it should make sure a proposed expansion of the Child Tax Credit (CTC) includes undocumented children who have largely been left out of federal relief packages this past year. Prior to 2017 Tax Cut and Jobs Act, all children regardless of their immigration status received the credit as long as their parents met the income eligibility requirements. This change essentially excluded around 1 million children and their families.
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blog
April 27, 2021
Alvin Schorr and the Policy Relay Race
Sometimes a good idea takes a while. Alvin Schorr, who would have turned 100 this month, helped draft a 1972 bill “to provide for a system of children’s allowances.” He continued to push (in a 1977 congressional testimony and in a 1983 New York Times op-ed) for a refundable tax credit for all families and a children’s allowance, among other laudable ideas. A half-century later, these ideas—which many others have championed—are becoming reality.
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ITEP Work in Action
April 23, 2021
Washington Center for Equitable Growth: Weekend reading: Inequities in U.S. taxation and homeownership edition
Homeowners of color who sell their homes receive lower prices due to such factors as reduced neighborhood school quality, but they pay the same property… -
ITEP Work in Action
April 23, 2021
NC Policy Watch: NC needs to fix its tax code to secure a just recovery — for everyone
North Carolina’s current tax code asks the top to pay less as a share of their income than taxpayers with poverty-level incomes. By putting in…
