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 April 5, 2021 Washington Post: Dozens of America’s Biggest Businesses Paid No Federal Income Tax Again
Fifty-five of the nation’s largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and… -
media mention April 2, 2021 New York Times: No Federal Taxes for Dozens of Big, Profitable Companies
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions… -
media mention March 24, 2021 CBS News: Zoom’s pandemic profits exceeded $670 million. Its federal tax payment? Zilch
“We are only taxing about half of all corporate profits,” observed Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, which put out a report on… -
media mention March 23, 2021 Salon: Zoom Increased Profit by 4,000% during the Pandemic — but the Company Paid $0 in Federal Income Tax
The U.S.-based online video chat platform Zoom has seen its profits skyrocket by 4000% during the Covid-19 pandemic thanks to the growing reliance on remote work and schooling, but an… -
media mention March 23, 2021 Business Insider: Zoom Paid $0 in Federal Taxes on $664 Million in Pandemic Profits, Mostly by Paying Executives Stock Options
“Companies that compensate their leadership with stock options can write off, for tax purposes, huge expenses that far exceed their actual cost,” Matthew Gardner, a senior fellow at the Institute… -
media mention March 23, 2021 New York Post: Zoom Paid No Federal Income Tax Last Year amid Pandemic Profit Surge
The Silicon Valley firm appears to have achieved that feat largely thanks to its use of stock-based compensation for employees, which helped reduce its worldwide tax bill by more than… -
media mention March 22, 2021 Common Dreams: Zoom Paid $0 in Federal Income Taxes on 4,000% Profit Increase During Pandemic: Report
The U.S.-based online video chat platform Zoom has seen its profits skyrocket by 4000% during the Covid-19 pandemic thanks to the growing reliance on remote work and schooling, but an… -
media mention March 18, 2021 The Hill: A Straightforward Way to Pay for Biden’s Recovery Plan (Opinion)
Now that President Biden and Congress have enacted a $1.9 trillion COVID-19 relief measure, the president will soon provide details for the second item on his agenda, a major recovery plan. The package could include some of the tax increases on which he campaigned to pay for new spending.
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media mention February 24, 2021 Politifact: Facebook post misleads about tax bill breakdown
Experts say analyzing this claim isn’t easy because the post lacks necessary details. Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said the post is… -
media mention February 12, 2021 Washington Post: Drug Companies Seek Billion-dollar Tax Deductions from Opioid Settlement
“A settlement has not been reached, and, therefore, we applied significant judgment in estimating the ultimate amount of the opioid litigation settlement that would be deductible,” the company said. Matthew… -
media mention February 5, 2021 Wall Street Journal: Amazon’s U.S. Tax Costs Jumped in 2020. It Likely Would Pay Even More Under Biden Plan.
Amazon’s low reported tax expenses in earlier years, along with similar figures from other companies, helped spur Democratic proposals for minimum taxes that would affect them. “Half a loaf is… -
media mention January 29, 2021 Bloomberg: The 2017 Tax Law Report Card: Grading the Big Promises (Podcast)
On the latest episode of our weekly podcast, Talking Tax, Bloomberg Tax reporter Lydia O’Neal spoke with Tax Foundation economist Erica York and Institute on Taxation and Economic Policy senior… -
media mention January 26, 2021 Raw Story: Expert Explains Why You Pay More than Corporations — and the People Who Own Them
The actual taxes paid in any given year may be less than zero as a company collects refunds on past taxes. Many big companies including Amazon have enjoyed a negative… -
media mention January 26, 2021 Bloomberg: The Trump Tax Cuts: Promises Made, Promises Kept?
In the waning days of the Trump administration, Bloomberg Tax examined the law’s stated goals and explored which of its seven major promises came to fruition. “The most prominent claims… -
media mention January 14, 2021 WWD: Execs Flag ‘Concerns’ Over Corporate Taxes Amid Rising Inequality
“The lack of accessible child care, climate change, inequality…all these things are pretty basic existential threats for American workers, families and America as a nation,” said Gardner. “And the only… -
media mention December 16, 2020 The American Prospect: The Day One Agenda for Corporate Taxes
Even without Congress, President-elect Biden’s regulatory agencies can fix a lot of problems with the corporate tax code. BY STEVE WAMHOFF, MATTHEW GARDNER The public has long told pollsters that… -
media mention October 27, 2020 CBS News: Comparing Trump and Biden’s Tax Plans
ITEP Senior Fellow appeared on CBS News to discuss President Trump and Democratic Presidential Candidate Joe Biden’s Tax Plan. Watch -
media mention October 15, 2020 Center for Public Integrity: The Heist
“It’s pretty clear that the PPP process was run in a way that pushed needy small businesses to the back of the line while prioritizing the influential,” said Matthew Gardner,… -
media mention October 9, 2020 Yahoo! Finance: A Breakdown of Biden’s Tax Proposals
Matt Gardner, Senior Fellow at The Institute on Taxation and Economic Policy joins Yahoo Finance’s Kristin Myers for a break down of Joe Biden’s tax proposals. Watch the video -
media mention October 7, 2020 Washington Post: How the Cares Act gave millions to energy companies with no strings attached
“The Cares Act tax provisions were too heavily tilted towards large businesses and away from at-risk individuals,” said Matt Gardner, a senior fellow at the Institute on Taxation and Economic… -
media mention October 3, 2020 Forbes: The $750 Question: How Trump’s Taxes Reveal The Deep Unfairness Of The U.S. Tax Code
“There are certainly some tax advantages available to larger corporations that are practically unavailable to individuals. Most large businesses have full-time staff available to help negotiate the tax laws,” said… -
media mention September 29, 2020 WGN NewsNation: President Trump calls income tax report ‘fake news,’ says he’s still under IRS audit
Matt Gardner is with the Institute of Taxation and Economic Policy in Washington. He spoke with NewsNation’s Dean Reynolds about the New York Times report. “This isn’t news that the… -
media mention September 29, 2020 Bloomberg: Trump’s reported $750 federal income tax bill is smaller than the average payment by an American household making $20,000 a year
The data — drawn from the IRS — shows Trump’s tax payment is less compared to households earning between $20,000 and $25,000 each year. Around 9 million people filed tax… -
media mention September 21, 2020 Politico Morning Tax: Digging in on SALT
Matt Gardner of the liberal Institute on Taxation and Economic Policy thought this particular portion of the SALT debate had a number of layers to it. Among them: Deductions for… -
media mention July 16, 2020 KPFA: Death and taxes! or, why the rich get richer
Why and how the wealth of the very rich has grown, while all other public and private wealth has shrunk during COVID 19. Detailed analysis from the Institute on Taxation…