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news release
September 17, 2021
New ITEP Report Reveals a Trove of Data that Support the Case for a Higher Corporate Tax Rate
Media contact A new report from ITEP highlights multiple data sets that reveal how U.S.-based multinational corporations are avoiding taxes and debunks claims that a higher tax… -
report
September 17, 2021
Why Congress Should Reform the Federal Corporate Income Tax
Congress is considering legislative changes that would increase federal corporate income taxes partly by closing or limiting the special breaks and loopholes that companies use… -
blog
September 15, 2021
House Ways and Means Provisions to Raise Revenue Would Significantly Improve Our Tax System But Fall Short of the President’s Plan
The Ways and Means Committee, the tax-writing body in the House of Representatives, is continuing its work today on tax provisions in a reconciliation bill.… -
blog
September 15, 2021
State Rundown 9/15: It’s a Little Too Quiet...
Though we can’t fault anyone for being distracted by the major stories of the day, we at ITEP remain committed to keeping you up to date on what’s happening in the tax world around you…
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blog
September 14, 2021
New Census Data Highlight Need for Permanent Child Tax Credit Expansion
Millions of families struggled to make ends meet before Covid-19, and they continue to bear the brunt of the pandemic. Low- and moderate-income workers in… -
blog
September 13, 2021
A Data-Driven Case for the CTC Expansion in the Ways & Means Committee's Recent Proposal
There is a lot to commend in the Ways and Means committee’s proposal to temporarily extend and, in some cases, make permanent federal tax credit… -
blog
September 13, 2021
Extending Federal EITC Enhancements Would Bolster the Effects of State-Level Credits
Download the PDF Brief In a new brief, ITEP provides estimates of how a permanent expansion of federal Earned Income Tax Credit (EITC) enhancements under… -
news release
September 13, 2021
ITEP: House Ways and Means Revenue Proposals Are a Promising Start, Leave Some Crucial Work Undone
Earlier this year, the Biden administration put forth a transformative tax proposal that would raise significant revenue, reduce corporate tax avoidance, and substantially increase taxes paid by the wealthiest individuals. The Ways and Means Committee has kept some of these important reforms but has diluted others in ways that would leave some of the work of tax reform undone.
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blog
September 3, 2021
Frequently Asked Questions about Proposals to Repeal the Cap on Federal Tax Deductions for State and Local Taxes (SALT)
One of the few provisions in the Tax Cuts and Jobs Act (TCJA) of 2017 that restricts tax breaks for the rich is the $10,000… -
blog
September 2, 2021
It’s Not About Farms: Don’t Let Lies Crush Biden’s Tax Plan
Several former Democratic members of Congress have joined a campaign to misrepresent President Biden’s proposal to close a huge tax loophole for wealthy people with capital gains. This proposed reform is the cornerstone of the president’s tax plan. If lawmakers fall for the lies, Biden’s plan will collapse. Instead, they should do what is both popular and fair: enact the plan intact so that millionaires and billionaires no longer escape the federal income tax.
