Tag: Archive

May 19, 2011 04:46 PM | Permalink |

Recent articles in the New York Times and the Fiscal Times entertain the notion that President Obama’s income tax plan will result in unaffordable tax increases for families who make $250,000 a year. One theme of these articles is that in some parts of the country, $250,000 is really not very much to raise a family on. A new report from CTJ explains that this is wrong on several levels.

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May 18, 2011 04:41 PM | Permalink |

Testimony of CTJ’s Senior Counsel for Federal Tax Policy, Rebecca Wilkins, in favor of new bank regulations to prevent tax evasion by foreigners.

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May 4, 2011 07:33 PM | Permalink |

CTJ wrote to urge the House Judiciary Committee to reject the so-called “Business Activity Tax Simplification Act” (BATSA). This legislation would make state and local taxes on businesses dramatically more complex, increase litigation related to business taxes, increase government interference in the market and reduce revenue to state and local governments by billions of dollars each year.

Read the letter

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April 29, 2011 02:25 PM | Permalink |

House Speaker John Boehner’s recent comment that Congress should “take a look at” repealing tax subsidies for large oil companies is well-founded.  These subsidies are a particularly poor use of taxpayer funds.

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April 15, 2011 12:38 PM | Permalink |

Click Here for the 2013 Edition of this Report

Conservative lawmakers and pundits often claim that the richest Americans are paying a disproportionate share of taxes while a huge number of lower-income Americans pay nothing at all. CTJ has updated its report on federal, state and local taxes that explains why they’re wrong.

Read the report.

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April 12, 2011 10:14 AM | Permalink |

A key business leader who was appointed to the President’s fiscal commission and who is scheduled to appear this morning with several U.S. Senators to address the budget deficit, manages a corporation that has largely avoided paying U.S. taxes, according to public records.

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April 8, 2011 05:31 PM | Permalink |

Any rational proposal to balance the federal budget would rely on a mix of spending reductions and revenue increases. But the House Republican budget plan relies on draconian spending cuts and actually reduces revenue.

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March 23, 2011 02:24 PM | Permalink |

Some corporate leaders are pushing Congress to adopt a “territorial” tax system, which would exempt the offshore profits of U.S. corporations. Congress should move in the opposite direction and adopt a “pure worldwide” tax system, which taxes all profits of U.S. corporations the same while providing a credit to avoid double-taxation.

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March 15, 2011 01:56 PM | Permalink |

An op-ed by CTJ director Bob McIntyre that ran in several McClatchy newspapers this week refutes Newt Gingrich’s recent claim that the government shutdown of 1995 led to a balanced budget.

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March 9, 2011 01:43 PM | Permalink |

Robert McIntyre, director of Citizens for Tax Justice, testified on March 9 before the Senate Budget Committee on tax subsidies for businesses. He explained that these tax breaks for business (1) are hugely expensive, (2) are often economically harmful, and (3) conflict with fundamental tax fairness.

Read the testimony.

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