April 8, 2014 04:41 PM By Citizens for Tax Justice Staff | Permalink | The tax extenders making their way through Congress would cut federal revenue below the level proposed in Rep. Paul Ryan’s budget. This once again demonstrates that anything goes when it comes to providing tax breaks for corporations. As CTJ explained in […]
April 8, 2014 01:41 PM By Citizens for Tax Justice Staff | Permalink | Large tech companies are among the most notorious tax dodgers, but they are hardly the only ones to enlist crafty accountants to avoid paying U.S. taxes. So it’s refreshing to see lawmakers also taking a look at other companies, as Sen. […]
April 8, 2014 10:33 AM By Citizens for Tax Justice Staff | Permalink | It’s tax time. Across the nation, millions of families are rolling up their sleeves to file federal and state income tax forms—and millions more are awaiting refunds. But as a New York Times report documents, a cottage industry of untrained, unregulated […]
April 4, 2014 02:08 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | With Obamacare exceeding the Administration’s goal of 7 million sign-ups for private health coverage this week, there’s no longer any doubt about the dramatic impact that the Affordable Care Act (ACA) is having on healthcare coverage throughout the country. […]
April 1, 2014 04:45 PM By Kelly Davis, Assistant Director of Communications | Permalink | Earlier this year our partners at the Institute on Taxation and Economic Policy predicted Illinois would be a state “taking on real tax reform.” Policymakers in Illinois are making our crystal ball look very reliable as a bevy of tax […]
April 1, 2014 12:36 PM By Carl Davis, Research Director at ITEP | Permalink | State gas tax policies have changed a lot in recent months, which makes two new fact sheets from the Institute on Taxation and Economic Policy (ITEP) especially useful in understanding where states stand on this issue. The first fact sheet […]
March 31, 2014 12:01 PM By Institute on Taxation and Economic Policy Staff | Permalink | Less than a year after enacting a significant (and progressive) revenue raising tax package, Minnesota Governor Mark Dayton signed off last week on more than $400 million of tax cuts. The new legislation repeals several changes put into place […]
March 28, 2014 05:34 PM By Carl Davis, Research Director at ITEP | Permalink | (Blog Post Originally Appeared in The Hill) It’s not breaking news that partisanship has gridlocked Congress these last few years, and most policy change has occurred at the state level. State legislatures have debated and enacted laws affecting issues as […]
March 28, 2014 10:48 AM By Citizens for Tax Justice Staff | Permalink | A new web tool, the Corporate Tax Explorer, from Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP), is a one-stop shop for the state and federal data we analyze on corporate taxes. Just search for a […]
March 27, 2014 11:41 AM By Carl Davis, Research Director at ITEP | Permalink | Tax cuts for corporations and wealthy individuals were on the table in Idaho this year, but lawmakers ultimately decided that adequately funding education is more important. Governor Butch Otter started the year by trying to couple income and property tax […]
March 25, 2014 10:15 AM By Institute on Taxation and Economic Policy Staff | Permalink | A battle over New York Governor Andrew Cuomo’s proposed property tax cuts is heating up, with protesters pouring into the New York State Capitol in Albany last week, a new TV ad hitting the airwaves, and the introduction of […]
March 21, 2014 01:45 PM By Citizens for Tax Justice Staff | Permalink | Last week, Ohio Governor John Kasich released his “Transforming Ohio for Jobs + Growth” tax cut package. As we predicted, the plan includes an 8.5 percent across the board income tax rate reduction which would drop the top tax rate from […]
March 21, 2014 12:55 PM By Citizens for Tax Justice Staff | Permalink | *This post was updated on April 2, 2014 to address news that “bonus depreciation,” the biggest and most inefficient break among the “tax extenders” will be included in the legislation before the Senate Finance Committee this week.* Congress appears likely to […]
March 21, 2014 12:45 PM By Citizens for Tax Justice Staff | Permalink | Congress Should Reject “Tax Extenders” Legislation that Mostly Benefits Corporations Unless Corporate Tax Loopholes Are Closed to Offset the Costs The Senate committee with jurisdiction over taxes has announced that it will take up legislation called the “tax extenders” (legislation extending […]
March 20, 2014 05:30 PM By Citizens for Tax Justice Staff | Permalink | Last week, the Congressional Progressive Caucus released its budget proposal, the Better Off Budget, which eliminates the automatic spending cuts (the “sequestration” that has slashed public investments and harmed the economy) while also increasing employment by 8.8 million jobs and cutting […]
March 20, 2014 12:50 PM By Institute on Taxation and Economic Policy Staff | Permalink | Reuters reports that state lawmakers shouldn’t expect Congress to act anytime soon to close the enormous hole in their sales tax bases created by online shopping. Sales tax enforcement on purchases made over the Internet is a messy patchwork […]
March 20, 2014 12:41 PM By Meg Wiehe, Deputy Director at ITEP | Permalink | The state corporate tax study Citizens for Tax Justie and the Institute on Taxation and Economic Policy released today shows that three very profitable Fortune 500 companies headquartered in Indiana paid an effective corporate income tax rate ranging from just […]
March 12, 2014 01:58 PM By Carl Davis, Research Director at ITEP | Permalink | Tax credits for the film industry are receiving serious attention in at least nine states right now. Alaska’s House Finance Committee cleared a bill this week that would repeal the state’s film tax credit, and Louisiana lawmakers are coming to grips […]
March 12, 2014 11:40 AM By Citizens for Tax Justice Staff | Permalink | New CTJ Reports Explain the Tax Provisions in President Obama’s Fiscal Year 2015 Budget Proposal Two new reports from Citizens for Tax Justice break down the tax provisions in President Obama’s budget. The first CTJ report explains the tax provisions that […]
March 12, 2014 10:03 AM By Institute on Taxation and Economic Policy Staff | Permalink | With pothole season well under way, our partner organization, the Institute on Taxation and Economic Policy (ITEP), has been in the news quite a bit recently for its research on the need for more sustainable federal and state gasoline […]
March 11, 2014 12:30 PM By Jenice Robinson, Communications Director | Permalink | Far too often, lawmakers use tax cuts to score political points and throw around phrases such as “more effective government” to gloss over the lasting, negative effects of starving public investments. In the case of Kansas, public schools are paying the price. […]
March 6, 2014 04:53 PM By Citizens for Tax Justice Staff | Permalink | The tax reform plan released last week by Congressman Dave Camp, the Republican chairman of the House Ways and Means Committee, fails to accomplish what should be the three basic goals for comprehensive tax reform: 1) raise revenue from individuals and […]
March 6, 2014 11:23 AM By Kelly Davis, Assistant Director of Communications | Permalink | This week Wisconsin’s Senate followed the lead of the General Assembly and approved Governor Scott Walker’s $537 million (over two years) in property and income tax cuts. Governor Walker proposed the tax cuts as a way to “return the state’s […]
March 4, 2014 11:55 AM By Institute on Taxation and Economic Policy Staff | Permalink | The Cleveland Plain Dealer provided a helpful history lesson in its recent editorial on Governor John Kasich’s State of the State speech. In the speech, Kasich predictably called for yet another round of tax cuts to fix all that […]
February 25, 2014 11:47 AM By Institute on Taxation and Economic Policy Staff | Permalink | Tax cut one-upmanship continues to be a major theme in the race to be Maryland’s next governor. As of right now, at least two gubernatorial candidates want to completely eliminate the state’s personal income tax–a revenue source that funds […]