March 28, 2016 11:39 AM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Thanks for reading the State Rundown! Here’s a sneak peek: Georgia and Idaho lawmakers say no to income tax cuts. The Vermont House passes a budget and tax package. Maryland’s Senate fails to move on manufacturing tax cuts. Nebraska’s […]
March 28, 2016 11:33 AM By Dylan Grundman, Senior Analyst at ITEP | Permalink | A few weeks ago we wrote about Tax Cut Fever in Georgia, and we have continued to monitor the high temperature of that debate since then. We are pleased to report, however, that cooler heads ultimately prevailed as the state’s […]
March 25, 2016 03:57 PM By Dylan Grundman, Senior Analyst at ITEP | Permalink | Springtime has traditionally been a fertile period for state tax proposals. This year, some important debates have flourished regarding the scope of state sales tax bases. In their purest form, sales taxes apply to nearly all of the goods and services purchased by final consumers. Maintaining a broad base and low […]
March 25, 2016 11:50 AM By Kelly Davis, Assistant Director of Communications | Permalink | Thanks for reading the Tax Justice Digest. In the Digest we recap the latest reports, posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Dear Treasury, Act to Stop InversionsThis week CTJ joined with 54 […]
March 24, 2016 01:24 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Three states – Indiana, South Carolina, and West Virginia – started the year on the right foot, looking at serious proposals to raise new revenue for severely underfunded transportation construction and maintenance funds. Sadly, legislators in all three states […]
March 24, 2016 01:12 PM By Aidan Russell Davis, Senior Analyst at ITEP | Permalink | A nine-month standoff between the Keystone State’s Republican legislature and Democratic governor will come to a close this Monday when a budget passed by the legislature lapses into law. Gov. Tom Wolf has said that he will neither sign nor […]
March 23, 2016 10:40 AM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | Even as more large companies announce plans to take advantage of the inversion loophole to avoid taxes, Congress has refused to move on commonsense legislation that would put an end to inversions. Fortunately, as outlined in a new letter […]
March 22, 2016 05:10 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Perhaps T.S. Eliot was on to something when he deemed April the cruelest month. Spring is a mix of heady excitement and apprehension as they await word from universities across the county. For their parents, the season brings a […]
March 22, 2016 04:09 PM By Matt Gardner, Senior Fellow at ITEP | Permalink | A cursory glance at the business practices of the latest inversion candidate, IHS, quickly dispels the erroneous anti-tax talking point that corporations are renouncing their citizenship because the U.S. tax rate is high. Earlier this week, data solutions provider IHS […]
March 18, 2016 05:27 PM By Bob McIntyre, Director of Citizens for Tax Justice | Permalink | This article originally appeared in The Hill. These calculated, misleading messages have helped pave the way for a series of irresponsible, unfunded tax cuts that have endangered our nation’s long-term fiscal health. The huge, deficit-financed tax cuts pushed […]
March 18, 2016 09:31 AM By Kelly Davis, Assistant Director of Communications | Permalink | Thanks for reading the Tax Justice Digest. We hope you are having a great week. In the Digest we recap the latest reports, posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. New CTJ […]
March 17, 2016 02:18 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | The Congressional Progressive Caucus (CPC) earlier this week released a proposed federal budget with important policy ideas that, shamefully, have no chance of passing in the current political climate. The budget proposes revenue-raising tax reforms, both on the individual […]
March 17, 2016 10:34 AM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Thanks for reading the State Rundown! Here’s a sneak peek: Delaware lawmakers approve a corporate tax giveaway for a potential DuPont and Dow merger. West Virginia lawmakers leave without a budget after voting down tax increases. Florida lawmakers reject the […]
March 15, 2016 02:27 PM By Matt Gardner, Senior Fellow at ITEP | Permalink | Nabisco, the purveyor of Oreos and ‘Nilla wafers, is facing renewed blowback over its decision to lay off 600 workers at its Chicago plant while shifting production to Mexico. But the loss of manufacturing jobs is not the sole reason […]
March 10, 2016 11:09 PM By Kelly Davis, Assistant Director of Communications | Permalink | Thanks for reading the Tax Justice Digest. In the Digest we recap the latest reports, posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. New CTJ Report: Large Majority of Americans are Net Losers Under […]
March 10, 2016 04:16 PM By Lisa Christensen Gee, Senior Analyst at ITEP | Permalink | One truism of American politics, often touted by governors on the campaign trail, is that state governments have to get stuff done. Thanks to the requirements that they balance their budgets each year, governors and state legislatures are forced […]
March 10, 2016 01:35 PM By Matt Gardner, Senior Fellow at ITEP | Permalink | Wendy’s: Where’s the tax payments? When the Burger King Corporation announced plans to renounce its U.S. citizenship through a corporate inversion last year, Ohio Sen. Sherrod Brown encouraged his constituents to boycott the company’s restaurants in favor of Ohio-based Wendy’s. […]
March 4, 2016 04:56 PM By Kelly Davis, Assistant Director of Communications | Permalink | Thanks for reading the Tax Justice Digest. In the Digest we recap the latest reports, posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. New CTJ Report: Corporations Hold $2.4 Trillion OffshoreToday CTJ released […]
March 3, 2016 01:01 PM By Sebastian Johnson, State Policy Fellow at ITEP | Permalink | Thanks for reading the State Rundown! Here’s a sneak peek: The Arizona House adopts an optional flat tax experiment for low-income residents. An Indiana Senate committee approves a transportation bill after removing a gas tax increase and income tax […]
March 3, 2016 10:29 AM By Dylan Grundman, Senior Analyst at ITEP | Permalink | A push to cut taxes for the wealthy that would pinch funding for Georgia schools, roads, and other services may have just become an even more dangerous effort to eliminate Georgia’s personal income tax and devastate the state’s ability to […]
February 29, 2016 05:02 PM By Citizens for Tax Justice Staff | Permalink | This Super Tuesday the presidential primary season will finally kick into high gear, as millions of Americans go to the polls. Taxes have been a key issue this election season, with all of the candidates spelling out substantial tax reform agendas. […]
February 26, 2016 12:22 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 Rundown! Here’s a sneak peek: Alaska legislators consider moving money from their oil tax fund to shore up the budget. Maine lawmakers consider tax […]
February 26, 2016 12:05 PM By Kelly Davis, Assistant Director of Communications | Permalink | Greetings! Thanks for reading the Tax Justice Digest. In the Digest we recap the latest reports, posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. New ITEP Report: Undocumented Immigrants’ State and Local Tax […]
February 25, 2016 03:31 PM By Matt Gardner, Senior Fellow at ITEP | Permalink | It’s no secret that federal tax breaks for manufacturing corporations aren’t very well targeted. Since Congress enacted a special tax deduction for companies engaged in domestic manufacturing back in 2004, we have deplored its use by companies “manufacturing” items as […]
February 25, 2016 03:02 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | Last year Citizens for Tax Justice (CTJ) published a report showing that the drug manufacturer Pfizer was holding (on paper) $74 billion of its profits offshore, declaring that these profits would be “permanently reinvested” abroad to avoid incurring even […]