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 January 27, 2020 Scroll.in: At the centre of the US government and Facebook’s tax dispute is the company’s Dublin office
If the IRS prevails in court, it could cost Facebook up to $9 billion more in taxes, based on estimates in the company’s securities filings. It would be a notable… -
media mention January 23, 2020 ProPublica: Who’s Afraid of the IRS? Not Facebook
If the IRS prevails in court, it could cost Facebook up to $9 billion more in taxes, based on estimates in the company’s securities filings. It would be a notable… -
media mention January 3, 2020 Public News Service: Report: Many Big Companies Pay Nothing Under New Tax Law
HELENA, Mont. – During the first year of the Trump administration’s new tax law, 91 Fortune 500 companies didn’t pay a dime in federal income tax. That’s according to a new… -
media mention January 3, 2020 Mother Jones: Chevron Made $4.5 Billion in 2018. So Why Did the IRS Give Them a Refund?
The largest chunk of Chevron’s $1.1 billion in tax breaks came in the form of tax deferral, a longstanding tax instrument that enables businesses to postpone paying taxes until a… -
media mention January 3, 2020 Modern Healthcare: Healthcare Industry Had Highest Federal Income Tax Rates in 2018
A big driver of the higher taxes in healthcare is a doomed Affordable Care Act fee on health insurers. The amount each insurer pays is based on premium revenue. President… -
media mention January 2, 2020 Workday Minnesota: Dozens of Big Businesses Avoided Corporate Taxes in 2018
Roque said corporate tax cuts and loopholes have been enacted by Congresses and presidents of both major parties for the past two decades. Champions of the new tax code argued… -
media mention December 30, 2019 Counter Point: Trump-GOP Tax Law Ushers in Lowest Corporate Tax Rates in 30 Years
Matthew Gardner reveals that “Fortune 500 companies Avoided $73.9 Billion in Tax Under First Year of Trump Tax Law.” Listen -
media mention December 23, 2019 Bloomberg Law: Small Retailers Face More Marketplace Taxes This Holiday Season
Tax responsibilities tied to those sales will be noticeable this year: 28 states have added taxes on out-of-state sellers since last holiday season due to last year’s Wayfair decision, according… -
media mention December 23, 2019 Public News Service: Corporate Tax Avoidance Continues Under New Code
“These companies aren’t simply following the law; in many cases, they wrote the law,” Gardner said. “These corporate tax cuts were enacted because of a very aggressive lobbying strategy by… -
media mention December 19, 2019 WTSP: Impeachment 101: Answering Your Questions on the Impeachment Process
QUESTION: How much money is the impeachment process costing taxpayers? ANSWER: We don’t know. There have been a handful of efforts to try and calculate the cost to taxpayers, but… -
media mention December 18, 2019 Denton Daily: Amazon Will Pay $0 in Federal Taxes This Year — and It’s Partially Thanks to Trump
One reason for Amazon‘s nonexistent federal tax bill is the Tax Cuts and Jobs Act that Congress enacted in 2017, which lowered the statutory corporate tax rate from 35 percent… -
media mention December 18, 2019 Common Dreams: New Report Details How Trump Tax Scam ‘Delivered Big Benefits to the Rich and Corporations But Nearly None for Working Families’
Still Terrible at Two was published just a day after the Institute on Taxation and Economic Policy released a new report which found that more than 90 U.S. corporations on the… -
media mention December 16, 2019 Washington Examiner: Amazon, Netflix, and Starbucks Paid $0 in 2018 Federal Income Taxes
A new study by the Institute on Taxation and Economic Policy found that many of America’s largest corporations paid $0 in federal income taxes under the first year of President Trump’s tax… -
media mention December 16, 2019 Yahoo Finance: 91 Profitable Fortune 500 Companies Paid $0 in Taxes in 2018 under Trump’s Tax Law
Matthew Gardner, senior fellow at ITEP and lead author of the report says that what companies doing is “entirely legal”, but that they can avoid paying taxes thanks to tax… -
media mention December 16, 2019 Common Dreams: Amazon, Chevron, and Starbucks Among 91 Fortune 500 Corporations That Paid $0 in Federal Income Taxes in 2018: Report
More than 90 large, profitable corporations on the Fortune 500 list effectively did not pay a penny in federal income taxes in 2018, according to a new report published Monday by the… -
media mention December 16, 2019 Washington Post: Corporations Paid 11.3 Percent Tax Rate Last Year, in Steep Drop Under President Trump’s Law
About 400 of America’s largest corporations paid an average federal tax rate of about 11 percent on their profits last year, roughly half the official rate established under President Trump’s… -
media mention November 17, 2019 The New York Times: How FedEx Cut Its Tax Bill to $0
“Something like $1.5 billion in future taxes that they had promised to pay, just vanished,” said Matthew Gardner, an analyst at the liberal Institute on Taxation and Economic Policy in Washington. “The… -
media mention November 15, 2019 PolitiFact: Viral Post Says Democrats Spent $40 Million on Impeachment. That’s False
Tax policy experts told us they aren’t sure how much the impeachment inquiry has cost since Speaker Nancy Pelosi announced it Sept. 24. “I can’t think of anyone who’s tried to calculate… -
media mention November 13, 2019 Orlando Sentinel: In Florida, 99% of Companies Pay No Corporate Income Tax — with Lawmakers’ Blessing
A leaky corporate income tax ultimately shifts more of the cost of Florida government from corporations onto others, including low- and middle-income families, said Matt Gardner, a senior fellow at… -
media mention November 1, 2019 Bloomberg: Treasury Plans to Weaken Rules Meant to Stop Corporate Tax Avoidance
The Treasury Department should tread cautiously in weakening these rules now while Democratic lawmakers are eager to repeal large portions of the 2017 tax overhaul, said Matt Gardner, a senior… -
media mention September 6, 2019 Forbes: Corporate America’s Promise To Focus Less On Profits Will Ring Hollow If We Can’t Tax The Rich
As Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, puts it in a blog, the joint statement likely reflects more of a fear of shifting… -
media mention August 21, 2019 Fortune: What Trump’s Brief Flirtation With a Payroll Tax Cut Says About the State of the Economy
“The administration based the big 2017 tax cut on the idea that it would spur economic growth,” says Matthew Gardner, a senior fellow at the Institute on Taxation and Economic… -
media mention July 1, 2019 Bloomberg: Horse Racing Tax Credit Backers Not Deterred by House Setback
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said there are sensible reasons to ask whether these tax breaks are more generous than they should… -
media mention June 27, 2019 Axios: Correcting Halliburton’s Taxes
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, emailed this morning to say that I was reading the below section of the 10-K backward. Rather… -
media mention June 14, 2019 Wall Street Journal: Does Amazon Really Pay No Taxes?
“I’ll cheerfully acknowledge that [the current provision] is not what we want to really know, but it’s also the closest thing we’re ever going to see,” said Matt Gardner, senior…