June 14, 2016 12:41 PM By Guest Blogger | Permalink | Thanks to Cedric Johnson from the North Carolina Budget and Tax Center for guest posting for us about the budget debate in North Carolina. For more information we urge you to visit the North Carolina Tax and Budget Center’s website. By: Cedric Johnson, Policy Analyst […]
June 10, 2016 04:44 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Click Here to sign up to receive the State Rundown in your inbox. Thanks for reading the State Rundown! Here’s a sneak peek: Oregon officials approve ballot initiative to increase corporate taxes. Rhode Island legislative committee approves state budget. Local officials […]
June 10, 2016 02:25 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | A new report by Citizens for Tax Justice (CTJ) found that 315 Fortune 500 companies have managed to avoid $64.6 billion in taxes over the past five years due to a single tax provision known as the stock option […]
June 2, 2016 02:33 PM By Kelly Davis, Assistant Director of Communications | Permalink | In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Good News from Washington […]
June 2, 2016 02:23 PM By Dylan Grundman, Senior Analyst at ITEP | Permalink | In our newly updated policy brief on State Treatment of Itemized Deductions, we review a menu of options available to states interested in reforming these regressive income tax breaks. We also show that while several states have recently taken action […]
June 2, 2016 02:06 PM By Lisa Christensen Gee, Senior Analyst at ITEP | Permalink | The Washington State Supreme Court last week unanimously declared unconstitutional an initiative designed to force lawmakers to pass a constitutional amendment requiring supermajority support for all future revenue increases. The initiative, I-1366, is the latest of Tim Eyman’s efforts […]
June 2, 2016 12:50 PM By Lisa Christensen Gee, Senior Analyst at ITEP | Permalink | A month ago we wrote about the hope of positive tax reform developments in Illinois in the midst of continuous budgetary chaos. Unfortunately, no such end is in sight. Here’s an update: While the campaign to adopt a graduated […]
June 2, 2016 12:44 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Click Here to sign up to receive the State Rundown in your inbox. Thanks for reading the State Rundown! Here’s a sneak peek: West Virginia lawmakers reject cigarette tax increase but still negotiating. Alaska legislature passes compromise budget, punts on oil […]
June 1, 2016 04:57 PM By Aidan Russell Davis, Senior Analyst at ITEP | Permalink | Oklahoma’s legislative session came to a disappointing end late last week. Legislators now await Gov. Mary Fallin’s signature on a $6.8 billion budget that harms the state’s poorest residents and sets the Sooner State on an unsustainable fiscal path. […]
June 1, 2016 04:20 PM By Aaron Mendelson, Intern at ITEP | Permalink | Over the past few weeks the Tax Policy and Health subcommittees of the House Ways and Means Committee held Member Day hearings, in which Representatives pitched their favorite pet tax reform proposals to their colleagues in hopes of moving some of […]
May 31, 2016 01:09 PM By Dylan Grundman, Senior Analyst at ITEP | Permalink | Last week, Tennessee Gov. Bill Haslam signed Senate Bill 47, affecting the state’s Hall Tax on dividend and interest income. But the unusual nature of the Hall Tax, and of this legislation, have created some lingering questions regarding this bill’s […]
May 26, 2016 02:36 PM By Kelly Davis, Assistant Director of Communications | Permalink | In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Millionaire Migration Myth Debunked […]
May 26, 2016 02:28 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Click Here to sign up to receive the State Rundown in your inbox. Thanks for reading the State Rundown! Here’s a sneak peek: Kansas marks tax cut anniversary with budget cuts. New York governor expected to sign tampon tax repeal. Minnesota […]
May 26, 2016 12:29 PM By Carl Davis, Research Director at ITEP | Permalink | A new study (PDF) released today provides the best evidence yet that progressive state income taxes are not leading to any meaningful amount of “tax flight” among top earners. Stanford University researchers teamed with officials at the Treasury Department to […]
May 25, 2016 05:26 PM By Kayla Kitson, Research Assistant at ITEP | Permalink | You may have heard about Google Inc.’s restructuring last year, which resulted in the technology company becoming a wholly owned subsidiary of a new Delaware corporation called Alphabet Inc. What you may not know is how this restructuring can help […]
May 23, 2016 01:45 PM By Carl Davis, Research Director at ITEP | Permalink | A constant refrain among advocates for tax reform is that there are too many special breaks built into our nation’s tax system. While some tax breaks are worthwhile, far too many are ineffective, unfair, complicated, or politically motivated. But even […]
May 20, 2016 09:16 AM By Matt Gardner, Senior Fellow at ITEP | Permalink | Sign up to receive our occasional Corporate Tax Watch emails here. Icahn Enterprises: How Much Would Carl Icahn Benefit From Tax Reform? Billionaire investor Carl Icahn has pledged $150 million toward seeding a Super PAC to lobby Congress to help […]
May 19, 2016 04:38 PM By Kelly Davis, Assistant Director of Communications | Permalink | In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately: CTJ’s Take on Trump’s […]
May 19, 2016 11:33 AM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Let’s establish a few facts for the last time. Santa Claus isn’t real, and neither is the Easter Bunny. There is no pot of gold at the end of the rainbow. Mutant alligators don’t roam the sewers of New […]
May 18, 2016 04:58 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | It seems that each year there is a new “it” tax break for which advocates for cutting corporate tax breaks and their supporters rally. Last year the “it” tax break was a patent box and a few years back […]
May 18, 2016 12:45 PM By Aidan Russell Davis, Senior Analyst at ITEP | Permalink | Alaska, North Dakota, Oklahoma, West Virginia, and Wyoming. What do these states have in common? These are the five states that are most reliant on the energy sector (mining, quarrying, and oil and gas extraction) for their economic output, […]
May 16, 2016 04:27 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Click Here to sign up to receive the State Rundown in your inbox. Thanks for reading the State Rundown! Here’s a sneak peek: New Jersey legislative leaders support pairing a gas tax increase with a boost to the EITC. An Oklahoma […]
May 12, 2016 03:58 PM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | Donald Trump said Tuesday he will not release his tax returns before the election because “there’s nothing to be learned from them,” potentially making him the first major presidential nominee not to release a full return in 40 […]
May 9, 2016 12:41 PM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | Throughout the 2016 campaign, presidential candidate Donald Trump has claimed he would raise taxes on himself and other rich individuals, even while promoting a detailed tax plan that would do precisely the opposite. Trump this weekend attempted to […]
May 6, 2016 01:15 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Click Here to sign up to receive the State Rundown in your inbox. Thanks for reading the State Rundown! Here’s a sneak peek: Wyoming and North Dakota grapple with declining revenue amid an energy bust. Arizona lawmakers reach a budget agreement. […]