Steve Wamhoff
Steve Wamhoff is ITEP’s director of federal tax policy. In this role, he is responsible for setting the organization’s federal research and policy agenda. He is the author of numerous reports and analyses of federal tax policies as well as in-depth policy briefs that outline how the federal income tax and corporate tax code can be overhauled to improve tax fairness.
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media mention March 4, 2021 New York Post: Nearly 12 million Americans could lose COVID stimulus checks under Biden’s new cap
About 200 million adults would receive stimulus checks under the new Senate plan, roughly 11.8 million fewer than under the $1.9 trillion COVID-19 relief bill the House of Representatives passed… -
media mention March 4, 2021 Yahoo! Finance: New stimulus check thresholds would leave 12 million adults without payments
Narrower income requirements for the next round of stimulus checks would mean 11.8 million fewer adults and 4.6 million fewer children would get payments compared with an earlier version of… -
media mention March 4, 2021 Reuters: Millions of U.S. households would not get COVID-19 payments under new Biden plan
The Institute on Taxation and Economic Policy calculated that those payments now would help 11.8 million fewer adults and 4.6 million fewer children than the more generous version that passed… -
media mention March 4, 2021 CNBC: About 12 million adults may not receive those $1,400 stimulus checks. Here’s why
Steve Wamhoff, director of federal tax policy, said the numbers are “pretty close” to the Urban-Brookings Tax Policy Center’s estimates. “For most people, it doesn’t make a difference,” Wamhoff said.… -
media mention March 4, 2021 Today.com: Senate bill will narrow who can receive $1,400 stimulus checks
According to CNBC, the Institute on Taxation and Economic Policy estimated that that would affect about 12 million adults and 4.6 million children in the country. “That being said, it… -
media mention March 4, 2021 CNBC: Senate Democrats’ plan to curb eligibility for third stimulus check cuts off 12 million adults
The new income caps would mean that 11.8 million fewer adults and 4.6 million fewer kids would receive a third stimulus payment, the Institute on Taxation and Economic Policy calculates.… -
media mention February 16, 2021 CBS News: Stimulus bill would boost incomes of poorest Americans by nearly $4,000
nder the plan advancing in the House Ways and Means Committee, the next stimulus bill would send $1,400 to eligible people, as well as expand the Child Tax Credit (CTC) and… -
media mention February 14, 2021 CNBC: A new child tax credit expansion could provide monthly income. Some question whether the help is too much or too little
The credit would phase out for those making above those levels, where it would be reduced and then plateau at $2,000 per child. It would be capped for individuals with… -
media mention January 20, 2021 MarketWatch: Here’s the Maximum Amount Biden’s Stimulus Checks and Tax Credits Would Deliver to America’s Poorest Families
For the bottom 60% of incomes, the new round of direct payments, plus the two expanded tax credits would average $3,520, equaling around 11% of annual income, the Institute on… -
media mention January 12, 2021 Yahoo! Finance: $2,000 stimulus checks would be a massive boost for America’s poorest
America’s poorest families would see their incomes grow by more than quarter if the $2,000 stimulus check proposal that President-elect Joe Biden supports passes, according to a new analysis. The 20% of… -
media mention January 7, 2021 The Wall Street Journal: Biden Tax-Increase Agenda Revived as Democrats Win Senate
Now, some of Mr. Biden’s ideas are much more likely to become law, said Steve Wamhoff of the progressive Institute on Taxation and Economic Policy, who said that the president-elect’s… -
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 November 10, 2020 CNBC: Here’s What’s Ahead for President-elect Biden’s Tax Plan
Another idea that might stand a chance in a split Congress could be to properly fund the IRS so it can pursue larger targets, rather than going through the contentious… -
media mention October 30, 2020 Yahoo! Finance: Here’s How the Biden Tax Plan Would Affect Each State
Biden’s plan would generate over $289 billion in tax revenue, according to research from the Institute on Taxation and Economic Policy (ITEP). About 1.9% of the U.S. population would see… -
media mention October 13, 2020 Washington Times: Spending plans by Biden, Trump would hike federal debt by $5 trillion over 10 years
Under his plan, 97% of the tax increases would fall on the top 1% of earners, according to new projections from the left-leaning Institute on Taxation and Economic Policy. “Only… -
media mention October 3, 2020 FAIR: Steve Wamhoff on Trump’s Taxes
We’ll talk about takeaways from Trump’s taxes with Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy. Listen -
media mention September 29, 2020 Marketwatch: Trump’s 2017 tax bill was reportedly $750 — here’s how that stacks up against the average American’s taxes
That’s according to an analysis from Steve Wamhoff, director of federal tax policy at the left-leaning Institute of Taxation and Economic Policy. (Wamhoff looked at income tax liabilities by adjusted… -
media mention September 29, 2020 Scoop: ‘The American People Should Be Pissed Off’: Critics Say Trump Tax Dodging Exposes System Rotten to the Core
Steve Wamhoff, federal policy director at the Institute on Taxation and Economic Policy, noted in a statement that the Times reporting does “not include Trump’s tax returns for 2018 and… -
media mention September 29, 2020 Associated Press: Trump Went Even Further Than Other Uber-rich to Shrink Taxes
So say tax experts in the wake of a New York Times report Sunday that found that Trump paid only $750 in taxes in both 2016 and 2017 — and… -
media mention September 29, 2020 Common Dreams: The American people should be angry’: Critics say Trump tax dodging exposes a system rotten to the core
Steve Wamhoff, federal policy director at the Institute on Taxation and Economic Policy, noted in a statement that the Times reporting does “not include Trump’s tax returns for 2018 and… -
media mention August 10, 2020 Politico Morning Tax: All about the payroll tax executive order
Experts say there would still be a slight hit to the Social Security trust fund if the payroll tax payments don’t end up getting excused. That would mean companies would… -
media mention August 2, 2020 The Hill: Stimulus checks debate now focuses on size, eligibility
An analysis from the left-leaning Institute on Taxation and Economic Policy (ITEP) found that the HEROES Act would provide more assistance to low- and moderate-income families than the HEALS Act… -
media mention July 22, 2020 Bloomberg: Biden Attacks $50 Billion Real Estate Tax Break in Jab at Trump
On its merits, the like-kind exchange — sometimes referred to as a “1031” exchange for its tax code designation — is difficult to defend, according to some tax experts. “There… -
media mention July 14, 2020 The Epoch Times: Biden’s Progressive Tax Proposal Raises Rates on Wealthy and Corporations
“It’s probably one of the most progressive tax plans we’ve seen from a presidential nominee from one of the two major parties in many, many years,” Steve Wamhoff, director of federal… -
media mention June 30, 2020 POLITICO Morning Tax: Welcome, commissioner
FOOT OFF THE ACCELERATOR, PLEASE: The Institute on Taxation and Economic Policy’s Matthew Gardner and Steve Wamhoff maintain in a new paper that the proposals to allow companies to cash out…