Richard is a senior policy analyst at ITEP. He researches and writes about current and proposed federal tax laws and regulations, with an emphasis on corporate and international tax policy. He regularly reviews corporate financial filings and produces blogs, reports and analyses about corporate tax avoidance and how loopholes in the federal tax code enable it. He also writes about legislative solutions to curb tax avoidance. Since 2011, he has co-authored ITEP’s comprehensive corporate studies, which include years of data on corporate financial filings, show trends in corporate tax avoidance, and explore how corporations use loopholes in the federal tax code to reduce their effective tax rates. He is the lead author for the last three editions of Offshore Shell Games, a report that reveals how much Fortune 500 companies are avoiding in U.S. tax by holding their profits in tax haven countries. He has testified on individual and corporate tax issues before the Maryland State Legislature and, recently, before the U.S. House Ways and Means Tax Policy Subcommittee.
Prior to joining ITEP in 2010, Richard made his way through the progressive policy world as an intern at the Center for American Progress, Taxpayers for Common Sense, and Center on Budget and Policy Priorities. He holds bachelor’s degrees in both political science and interdisciplinary studies, and a Master’s Degree in Public Policy (with a focus in public financial management) from American University. Richard hails from Frederick, Md., and currently resides in Washington, D.C.
Follow Richard on Twitter: @taxjusticewonk
Recent Publications and Posts view more
A new study by the Federal Reserve found that the evidence so far suggests that the new repatriation tax break has resulted in a surge in stock buybacks and little discernable impact in investment by its biggest beneficiaries, just as critics predicted.
For true believers in supply-side economics, however, one major flaw of the TCJA is that it did not further cut taxes for the wealthy by reducing capital gains tax rates. But now the Trump Administration is considering using executive action to remedy this by indexing capital gains to inflation for tax purposes.