Institute on Taxation and Economic Policy (ITEP)

Ohio

Toledo Blade: Bad budget business

June 3, 2014

The progressive advocacy group Policy Matters Ohio worked with the Institution on Taxation and Economic Policy, a nonpartisan organization in Washington, to analyze the Senate bill. They conclude that most of the tax relief in the measure would go to the top 5 percent of Ohioans — those who earned at least $151,000 last year. […]

Ohio Watchdog: Is Sales Tax Holiday Good or Bad for Ohio

May 30, 2014

By Maggie Thurber, May 30, 2014 Ohio is once again considering an August sales tax holiday for schools supplies and equipment, but two tax groups think it’s a bad deal for taxpayers. House Bill 450 would provide a three-day “holiday” each August. Sales and use taxes would not be charged on back-to-school clothing, school supplies, personal […]

The Columbus Dispatch: State GOP Tax Cut Would Increase Income Inequality

May 27, 2014

An analysis by the Institute on Taxation and Economic Policy, a Washington D.C. nonprofit, showed that the moves designed to help Ohioans beyond the top income brackets - the higher personal exemptions and earned income tax expansion - would generate only very modest savings for middle-income Ohioans and almost nothing for the poorest Ohioans

Policy Matters Ohio: Income-Tax Repeal – A Bad Deal for Ohio

April 28, 2014

Repealing the Ohio income tax would blow an enormous hole in the state budget. It would have to be paid for with gigantic budget cuts or major increases in other taxes. Read the Full Report

Associated Press: Missouri lawmakers pass tax cut; veto possible

April 17, 2014

(Original Post) Thursday, April 17, 2014 By DAVID A. LIEB ~ The Associated Press JEFFERSON CITY, Mo. — Setting up a likely veto showdown, the Republican-led Missouri Legislature gave final approval Wednesday to an income-tax cut for millions of individuals and thousands of business owners that Democratic Gov. Jay Nixon warned could imperil funding for […]

Springfield News-Sun: Benefits of tax proposal plan debated

April 11, 2014

Information from the Institute on Taxation and Economic policy showed the top 1 percent of Ohio taxpayers would receive about $2,847 in tax cuts, but Schiller said residents making between $34,000 and $54,000 a year would only see a tax break of about $13.

Policy Matters Ohio: Kasich Tax Plan- Advantage, Top 1 Percent

March 18, 2014

Gov. John Kasich’s new tax proposal would deliver annual tax cuts averaging more than $2,800 to the top 1 percent of Ohio taxpayers while those in the bottom two-fifths would pay more on average than they do now. Read the Full Report

The State: Duke Energy paid no federal income taxes from 2008-2012

February 28, 2014

(Original Post) BY RICK ROTHACKER The Charlotte Observer February 26, 2014 Charlotte-based Duke Energy is among 26 profitable Fortune 500 companies that didn’t pay any federal income taxes from 2008 to 2012, according to a new report on corporate taxes. Among all industries, gas and electric utility companies had the lowest effective rate, at 2.9 […]

Policy Matters Ohio: The Sorry State of Corporate Taxes

February 26, 2014

Two Ohio companies — American Electric Power and FirstEnergy — were among the 26 major companies that in the aggregate paid no federal income tax over the five-year period between 2008 and 2012. Most companies included in this new study aren’t paying anywhere near the statutory 35 percent tax rate. Read the Full Report

Toledo Blade: Gov. Kasich says it’s his duty ‘to serve everyone,’ so why is he proposing another unneeded, unequal tax cut?

February 26, 2014

(Original Post) GOV. John Kasich launched this year’s re-election campaign with his State of the State address Monday night. The speech was designed to — and did — appeal to his core political constituency. Whether other Ohioans were equally persuaded by his insistence that “I’m your governor” is questionable. Mr. Kasich asserted during his message […]

The Columbus Dispatch: Income tax cut, sales tax expansion debated

February 26, 2014

(Original Post) By  Jim Siegel The Columbus Dispatch Tuesday February 12, 2013 2:22 PM  Ohio Tax Commissioner Joe Testa told lawmakers today that the expansive tax overhaul package proposed by Gov. John Kasich will make a fundamental shift from a reliance on income taxes to a consumption tax. “High income tax rates are toxic to […]

Toledo Blade: Whose tax cut?

February 20, 2014

(Original Post) The latest scheme to cut state income tax rates would favor the rich, increase inequality, and harm basic services Gov. John Kasich and many members of the Republican-controlled General Assembly will campaign for re-election this year largely on their efforts to cut Ohio’s personal income tax yet again. Voters — at least middle-class […]

Cincinnati City Beat: Kasich’s Tax Proposal Favors Wealthy

February 18, 2014

(Original Post) February 14th, 2014 By German Lopez | News | Posted In: News, Economy, Governor Proposal would let poor buy a slice of pizza, while top 1 percent could buy a trip to Italy Gov. John Kasich’s income tax proposal would disproportionately favor Ohio’s wealthiest, an analysis from Policy Matters Ohio and the Institute […]

MLive.com: Immigration officials up pressure on undocumented workers in Michigan

February 18, 2014

(Original Post) By Gary Ridley | [email protected]  on February 16, 2014 at 6:30 AM, updated February 16, 2014 at 6:35 AM FLINT, MI — Jose Guerra was 15 when he started working illegally in the United States. Guerra, now 25, said he, his parents, two brothers and sister left Mexico in 2003 to find work […]

Policy Matters Ohio: Income-tax cut would favor well-to-do

February 14, 2014

An across-the-board cut in rates favored by Gov. Kasich may allow low-income Ohioans to buy a slice of pizza a year, on average. Those in the middle could purchase a cheap pizza maker, while the state’s most affluent taxpayers could use their cut to go on a round-trip for two to Italy, with money left […]

Open Sky Policy Institute: Typical family pays less tax in Nebraska than in most similar states

January 24, 2014

Middle-income Nebraskans pay relatively low taxes compared to their counterparts in eight nearby states with similar economies and tax structures. A family earning the median family income in Nebraska ($63,442) would pay less in taxes than a similar family in all but two of these states – Colorado and Kansas. (Table 1) The other comparable […]

Al Jazeera America: America’s crumbling infrastructure desperately needs funding

January 17, 2014

(Original Post) by Patrick J. Natale January 17, 2014 Congress should act now to avoid a transportation fiscal cliff in 2015 Last month, Rep. Earl Blumenauer (D-Oregon) introduced the Update, Promote and Develop America’s Transportation Essentials (UPDATE) Act. The proposed bill lays out a clear roadmap on how to restore and modernize America’s surface transportation […]

Policy Matter Ohio: Homestead Exemption Still Out of Whack

January 3, 2014

The state budget approved in June limits eligibility for Ohio’s homestead exemption, but doesn’t do enough to focus the property-tax break on seniors who need it most. Read the Full Report

Toledo Blade: Another tax spin

November 13, 2013

(Original Post) Ohio Sen. Chris Widener (R., Springfield) deserves credit for his key vote to expand Medicaid in Ohio. But his second act — turning the expansion’s estimated savings into an income tax break for Ohioans — is another matter. It represents a spin for his conservative base and another unnecessary measure to reward the […]

Policy Matters Ohio: Another Ohio tax cut for the affluent?

October 29, 2013

Senate bill 210 would take the savings from Medicaid expansion and use it for an across-the-board income-tax cut that might buy a cup of coffee for low-income Ohioans but would give the average top earner enough for a trip to Paris. Read the Full Report 

Policy Matters Ohio: A Credit that Counts

October 21, 2013

More than 440,000 Ohioans will be eligible for the state’s new Earned Income Tax Credit, at an average of $74 per recipient. However, the Ohio EITC is one of the smallest among state credits and has three weaknesses that mean it does less to help working families and reduce poverty than it should. Read the […]

Politico: Arthur Laffer is back as GOP tax man

October 15, 2013

  By RACHAEL BADE | 10/14/13 11:03 PM EDT Four decades ago at the Washington Hotel, a quirky economist made a pitch on the back of a napkin to Ford administration officials Dick Cheney and Donald Rumsfeld: Cutting taxes would create an economic boom. Back then, many Republicans opposed tax cuts, but that famous “Laffer […]

Center for American Progess: The Real Cost of Cuccinelli

September 23, 2013

Besides working on these major research projects, I developed CTJ/ITEP’s strong online media presence. One of the most important roles I play is as the primary web manager for both CTJ and ITEP. Similarly, over the past two years I successfully initiated and then maintained CTJ and ITEP’s social media presence. Center for American Progress […]

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State Tax Codes As Poverty Fighting Tools

September 19, 2013 • By Meg Wiehe

New Census Bureau data released this month show that the share of Americans living in poverty remains high, despite other signs of economic recovery. The national 2012 poverty rate of 15 percent is essentially unchanged since 2010 , but still 2.5 percentage points higher than pre-recession levels. This means that in 2012, 46.5 million, or about 1 in 6 Americans, lived in poverty.1 The poverty rate in most states also held steady with five states experiencing an increase in either the number or share of residents living in poverty while only two states saw a decline.2

Policy Matters Ohio: Cutting taxes isn’t helping Ohio

September 11, 2013

For years, North Dakota has had the lowest unemployment rate of any state in the nation. Nevada, by contrast, has had the highest. North Dakota has a personal income tax, while Nevada has no personal income tax. There are, of course, other states that show a different pattern. We cite this to illustrate that taxes, […]