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 May 3, 2018 Politifact: Bernie Sanders Says Amazon Paid no Federal Income Tax in 2017. He’s Right
The trick for companies? They get to write off the value at which the stock was later traded, not the original price for which they sold their stock to employees.… -
media mention April 29, 2018 Detroit Free Press: Trump’s Tax Law Saves These Companies Millions
For example, embattled Wells Fargo saved $662 million off its tax bill during the first three months of 2018. Those tax savings promise to quickly wipe out the $1-billion fine the… -
media mention April 15, 2018 The Street: Is President Trump’s Beef with Amazon Justified
Matthew Gardner, a senior fellow with the Institute on Taxation and Economic Policy, added that Amazon aggressively fought off calls for years that it start collecting such taxes. Avoiding collection… -
media mention April 6, 2018 Associated Press: Amazon Ignores Trump’s Attacks as It Molds a Business Empire
Trump’s charge that Amazon pays “little or no taxes” may have merit. Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, said in February that… -
April 5, 2018 Washington Times: Andrew Cuomo complains about tax breaks for wealthy — then signs off on N.Y. loopholes
Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, said this appears to be another example of wealthy Americans “gaming” the tax system through special… -
media mention April 4, 2018 MarketWatch: Trump Is Jealous Amazon Is Better at Avoiding Taxes
In 2017, Amazon paid no federal tax on $5.6 billion in U.S. profits, according to an analysis by Matthew Gardner at the Institute on Taxation and Economic Policy. During the… -
media mention March 30, 2018 New York Times: Still Angry at The Washington Post’s Coverage, Trump Bashes Jeff Bezos’ Amazon
There was also some irony in the criticism coming from Trump, who has boasted about his dexterity in avoiding paying taxes. “This is the guy who said that not paying… -
media mention March 30, 2018 Newsweek: Trump, Who Just Gave Amazon a Huge Tax Break, Wants the Company Taxed
Noticeably absent from Trump’s critique of the company’s tax payments was its treatment under federal tax law. Amazon, which is currently valued at $673 billion, paid zero federal taxes in… -
media mention March 30, 2018 The Wrap: Trump Blasts Amazon for Tax Breaks, Using USPS as ‘Delivery Boy’
The Seattle-based company avoided paying federal income taxes for 2017, despite posting more than $5.5 billion in income last year, according to a recent analysis from Matthew Gardner of the… -
media mention March 27, 2018 Pacific Standard: Inside the Tax Law’s $25 Billion Oil Company Bonanza
More than 50 percent of the tax bill’s benefits will go to the wealthiest 5 percent of Americans, and more than 25 percent to the wealthiest 1 percent, according to… -
media mention March 1, 2018 New Republic: Has Amazon Become Too Big to Tax
Earlier this week, Matthew Gardner of the Institute on Taxation and Economic Policy reported that Amazon, which recorded $5.6 billion in profits in 2017, paid zero in federal taxes, thanks to “various… -
media mention February 27, 2018 Seattle Post-Intelligencer: Amazon Paid No U.S. Income Tax
Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, wrote about Amazon’s tax bill that won’t come due in a Feb. 13 blog post. Without being privy… -
media mention February 23, 2018 The Economist: The Spoils from American Corporate Tax Reform Are Unevenly Spread
Most are bonuses that amount to a small part of the total gains, leading sceptics to attribute the announcements to clever public relations. A few firms have gone further, announcing… -
media mention February 13, 2018 CNBC: Trump’s Budget May Delay Future Tax Refunds
The president released his budget Monday for fiscal 2019, proposing $11.1 billion for the Internal Revenue Service, including $2.3 billion for tax filing and compliance applications and $110 million to… -
media mention January 30, 2018 HuffPost: Companies Are On A Cheap Charm Offensive For Trump’s Tax Bill
Meanwhile, Walmart, the nation’s largest private employer, announced it would spend an additional $700 million over the next two years on employee pay, thanks to the tax bill. That’s less… -
media mention January 25, 2018 Albany Times Union: Schumer Points to Layoffs to Counter GOP’s Rosy Tax-Law Forecast
In Schumer’s estimation, those with plenty of cash on hand will spend less of their tax windfall on bonuses and wages than on shareholder dividends and stock buybacks — which… -
media mention January 23, 2018 CBS News: Trump’s Economic Score: After Tax Cuts, Not too Much
The tax plan aims to pump $1.5 trillion worth of breaks into the nation’s economy over the next 10 years. Although the bulk of the benefits go to companies and… -
media mention January 18, 2018 BBC: Apple to Pay $38 Billion on Foreign Cash Pile
Apple is to bring billions of dollars back to the US, and pay a $38bn tax bill as a result. We get analysis from Thomas Brennan, a law professor specialising… -
media mention January 12, 2018 New York Times: Walmart’s Bumpy Day: From Wage Increase to Store Closings
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a nonprofit research group, said it was difficult to forecast precisely how much Walmart would save. But… -
media mention January 9, 2018 The Hill: Why You Shouldn’t Pay Attention to What Companies Say about Their Tax Bills
Following in an excerpt from an op-ed by ITEP Senior Fellow Matthew Gardner that appear in The Hill: A flurry of announcements by corporate giants such as Goldman Sachs, Morgan… -
media mention December 22, 2017 Investors’ Business Daily: GE Cash Crunch That Hit Dividend May Get Worse Under Trump Tax Cuts
Companies had held off on paying income taxes on foreign earnings until those funds are returned, or repatriated, to the U.S. The 35% domestic rate has led several companies to… -
media mention December 22, 2017 Associated Press: Windfall for Workers Too?
Since the Senate passed its initial tax overhaul, 32 companies have announced share buybacks totaling $83.7 billion, Schumer’s office said. Matthew Gardner, a senior fellow at the liberal Institute on… -
media mention December 22, 2017 CBS News: Bonuses for Some Workers After Tax Bill Passes
Matthew Gardner, a senior fellow at the liberal Institute on Taxation and Economic Policy, said companies have been sitting on large cash holdings for years that easily could have gone… -
media mention December 21, 2017 WJLA: Republicans Predict Voters Will Like Tax Bill Once They See Benefits
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said it is important to look beyond the headlines to put these bonuses in context. An ITEP… -
media mention December 21, 2017 CNBC: Here’s How the Tax Bill Will Affect the Richest 1 Percent in All 50 States
On Wednesday, the House approved a sweeping overhaul of the nation’s tax code. President Donald Trump is expected to sign the legislation soon. As for how it will affect individuals,…