Matthew Gardner
Matt Gardner is a senior fellow at ITEP where he has worked since 1998. He previously served as ITEP’s executive director from 2006 to 2016. Matt’s work focuses on federal, state and local tax systems, with a particular emphasis on the impact of tax policies on low- and moderate-income taxpayers. He uses ITEP’s microsimulation model to produce economic projections and analyses on the effects of current and proposed federal and state tax and budget policies.
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media mention December 19, 2017 New Republic: The Republican Tax Bill Is a Gift to the Washington Blob
Corker, who is already under federal investigation for alleged insider trading involving a real-estate firm, spent the weekend making a series of less-than-convincing statements justifying his switch. He first told… -
media mention December 19, 2017 International Business Times: Senator Orrin Hatch Says He Wrote Tax Provision At Center Of Corker Controversy
Experts familiar with the specific workings of how the tax break is formulated said that while there are some general similarities between the House bill and the conference report, Hatch… -
media mention December 19, 2017 BBC: Will Trumps Plan Trigger a Tax War?
To offset the revenue losses, the US is imposing a one-time tax on profits held abroad, levied at 15.5% for cash and 8% for illiquid assets. Depending on your perspective,… -
blog December 18, 2017 Corker Claims Provisions Benefiting Him Could Not Have Changed His Vote Because He Never Read the Bill
Many Republicans who had previously claimed to be deficit hawks have been cheerfully supportive of major tax-cutting legislation as it has moved forward this fall. But one Republican Senator, Bob Corker of Tennessee, has taken a defiant stance on the issue, insisting that “passing off increased debt to future generations” would be a deal-breaker for him. When the Senate passed its version of the tax plan last week, Corker was the only Republican to vote No.
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media mention December 17, 2017 BBC: Will Trump’s Tax Plan Trigger a Tax War?
Depending on your perspective, the measure either captures tax that firms otherwise would have avoided, or provides companies with a major break on what they would have otherwise owed. “Allowing… -
media mention November 30, 2017 Wall Street Cheat Sheet: Ted Cruz Sure Loves the Top 1 Percent
Because he didn’t really elaborate, it’s hard to understand what Cruz was trying to say here. When Democrats say that the lionshare of the tax breaks in the Senate bill… -
media mention November 29, 2017 KQED: UC Grad Students Join National Protest Against GOP Plans to Increase Their Taxes
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said the decision not to tax waived tuition fees is in line with standard taxation principles. The… -
media mention November 27, 2017 Minneapolis Star-Tribune: Luring corporate money from tax havens is a big unknown for reform proposals
U.S. companies booked 61 percent of foreign earnings in just 10 low-tax countries in 2014, according to the Institute on Taxation and Economic Policy (ITEP). In five of those countries… -
media mention November 25, 2017 San Francisco Chronicle: GOP tax bills could shield multinationals’ future overseas profits
Currently, the U.S. government taxes foreign earnings at the same 35 percent corporate rate charged on domestic profits, but only when the foreign earnings are returned to the United States.… -
media mention November 8, 2017 NPR’s All Things Considered: After Working To Avoid Taxes, What Could New Legislation Mean For Apple?
ITEP Senior Fellow Matthew Gardner talks to All Things Considered reporter Jim Zarroli about Apple’s tax avoidance schemes. JIM ZARROLI: Apple has made hundreds of billions of dollars around the… -
media mention November 7, 2017 Washington Post: What Is Carried Interest and Why It Matters in the GOP Tax Bill
Critics argue that these wealthy financiers should be paying more. The preferential tax treatment gives the wealthy an unfair advantage and deepens the divide between the rich and poor, they… -
media mention November 7, 2017 MarketWatch: Paradise Papers’ Are a Timely Reminder Not to Overlook Your Own Tax Breaks
“As with last year’s Panama Papers, these papers will help shed light on the astonishing breadth of corruption facilitated by tax havens and law firms that work with elite clients… -
media mention November 6, 2017 Australian Broadcasting Corp: The Surprising Journey Your Money Takes after Buying a Pair of Nikes
Tax activists ask why it is that Australia makes $2 in profit from that $100 but Nike in America makes about $14 in profit. “That’s a pretty good indication that… -
report November 6, 2017 Analysis of the House Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act, which was introduced on Nov. 2 in the House of Representatives, would raise taxes on some Americans and cut taxes on others while also providing significant savings to foreign investors.
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media mention November 3, 2017 CNNMoney: Broadcom Moving Legal Headquarters Back to U.S.
Matthew Gardner, a fellow at the Institute on Taxation and Economic Policy, pointed to several additional reasons Broadcom might want change its address. Broadcom is in the middle of a… -
media mention November 3, 2017 Dallas Morning News: Was Exxon Mobil’s Tax Rate Last Year Really -5.1%?
So, who’s right? “They are both correct,” said Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy. “They’re just measuring different things.” Tax breaks, financial reporting rules… -
media mention November 1, 2017 Between the Lines: Trickle Down Hoax Central to GOP Tax Reform Plan
Between The Lines’ Scott Harris spoke with Matthew Gardner, senior fellow with the Institute on Taxation and Economic Policy, who assesses the winners and losers in the Republican tax reform… -
media mention October 18, 2017 NPR’s Marketplace: Can You Convince Americans to Support Lower Corporate Taxes by Promising Them a Pay Raise?
Another reason Trump’s message may not land? Many economists don’t think that corporate tax cuts will lead to higher wages. “It’s a pretty far-fetched claim,” said Matthew Gardner of the… -
report October 17, 2017 Offshore Shell Games 2017
This study explores how in 2016 Fortune 500 companies used tax haven subsidiaries to avoid paying taxes on much of their income. It reveals that tax haven use is now standard practice among the Fortune 500 and that a handful of the country’s biggest corporations benefit the most from offshore tax avoidance schemes.
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media mention October 5, 2017 Mother Jones: Republicans Are Already Giving Up on a Key Part of Trump’s Tax Plan
For the third time in eight days, a new study has found that President Donald Trump’s tax plan is a major handout to the richest Americans. On Wednesday, the left-leaning Institute on Taxation… -
media mention September 28, 2017 On Point with Tom Ashbrook: Totaling Up President Trump’s Tax Overhaul Plan
And now, it’s time for the Trump tax plan. A miracle for the middle class, the president said in Indianapolis yesterday. He’s selling hard. But there are knowns and unknowns… -
media mention September 25, 2017 New York Times: Nothing Is Too Strange for Cities Wooing Amazon to Build There
Tax policy experts are more skeptical of Amazon’s bidding process and how much cities stand to benefit. “Why are they doing this whole dog and pony show? Amazon wants something… -
media mention September 22, 2017 Mother Jones: The 5 Biggest Myths In Republicans’ Quest To Lower Corporate Taxes
And then there are the companies that pay far less than the average—or sometimes nothing at all. Earlier this year, the left-leaning Institute on Taxation and Economic Policy found that eighteen… -
media mention September 13, 2017 International Business Times: There Is a Direct Link Between Tax Evasion and Inequality
According to Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a Washington, D.C.-based think tank, the reason the U.S. exhibits such a high level of… -
media mention September 8, 2017 Bloomberg: Football Champs and CEOs Alike Sidestep Taxes With Private Jets
The result is that airline passengers are subsidizing some of the world’s largest corporations and wealthiest people under the current system, said Matthew Gardner, a senior fellow at the nonprofit…