January 17, 2013 01:17 PM By Citizens for Tax Justice Staff | Permalink | The expiration of parts of the Bush-era income tax cuts under the fiscal cliff deal affects just under one percent of taxpayers this year, while the expiration of the payroll tax cut affects over three-fourths of taxpayers this year, according to […]
January 17, 2013 12:15 PM By Institute on Taxation and Economic Policy Staff | Permalink | Note to Readers: This is the first of a six part series on tax reform in the states. Over the coming weeks, CTJ’s partner organization, The Institute on Taxation and Economic Policy (ITEP) will highlight tax reform proposals and […]
January 16, 2013 02:11 PM By Carl Davis, Research Director at ITEP | Permalink | Not only does Hawaii have the highest cost of living in the country, it also has some of the highest overall taxes on the poor. A new report from the Hawaii Appleseed Center, however, explains how to change the tax […]
January 15, 2013 03:02 PM By Kelly Davis, Assistant Director of Communications | Permalink | Late last week details emerged of Louisiana Governor Bobby Jindal’s plan to eliminate nearly $3 billion in personal and corporate income taxes and replace the lost revenue with higher sales taxes. Knowing that sales taxes take the biggest bite out […]
January 14, 2013 01:10 PM By Institute on Taxation and Economic Policy Staff | Permalink | There’s no doubt the fiscal cliff compromise reached on New Year’s Day will impact state budgets in complex ways, as CTJ’s partner organization, the Institute on Taxation and Economic Policy (ITEP) will be explaining in the coming weeks. In […]
January 11, 2013 11:38 AM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | Senator Minority Leader Mitch McConnell argued on Sunday that, with the passage of the fiscal cliff deal, the “tax issue is finished” and that instead of raising more revenue we need to confront our “spending addiction” in order to […]
January 9, 2013 06:32 PM By Citizens for Tax Justice Staff | Permalink | In the first two days of the new Congress, 21 bills to amend the tax code were introduced in the House of Representatives. The 113th Congress officially convened at noon on January 3rd and by the end of the business day on […]
January 9, 2013 02:47 PM By Citizens for Tax Justice Staff | Permalink | Perhaps the most striking thing about tax policy in 2012 is that it featured a presidential campaign focused on taxes and then ended with major legislation that resolved none of the issues raised in that campaign. Even after the fiscal cliff […]
January 9, 2013 02:44 PM By Citizens for Tax Justice Staff | Permalink | The recently approved fiscal cliff deal (the American Taxpayer Relief Act of 2012) includes a package of provisions often called the “extenders” because they extend several special interest tax breaks for one or two years each. CTJ’s recent report on the […]
January 9, 2013 02:03 PM By Citizens for Tax Justice Staff | Permalink | Perhaps he was just floating a trial balloon when Governor Bob McDonnell said he was open to increasing Virginia’s gas tax in some way. If so, it seems to have been a lead balloon because this week he announced his intention […]
January 4, 2013 02:41 PM By Citizens for Tax Justice Staff | Permalink | The legislation signed into law by President Obama on Wednesday makes permanent 85 percent of the Bush-era income tax cuts and 95 percent of the Bush-era estate tax cut still in effect in 2012. It also directs 18 percent of its […]
January 3, 2013 05:07 PM By Citizens for Tax Justice Staff | Permalink | Former President George W. Bush mused recently that if the tax cuts he signed in 2001 and 2003 weren’t named after him, maybe more people would like them. But what’s to like about a package of tax policies that contributed trillions […]
December 31, 2012 03:37 PM By Citizens for Tax Justice Staff | Permalink | Since he first began running for President, Barack Obama has consistently proposed to extend almost four-fifths of the tax cuts first enacted under President George W. Bush, proposing to allow the expiration of just the one fifth of the tax cuts […]
December 21, 2012 01:37 PM By Citizens for Tax Justice Staff | Permalink | For years, groups like the US Chamber of Commerce and the National Federation of Independent Business (NFIB) succeeded in portraying the consensus position of the “small business community” as staunchly favoring lower tax rates on top income earners and corporations. The […]
December 20, 2012 04:17 PM By Citizens for Tax Justice Staff | Permalink | A new report from Citizens for Tax Justice finds that the “Plan B” tax proposal that House Speaker John Boehner plans to put to a vote in the House of Representatives would allow the richest one percent of Americans to pay […]
December 19, 2012 01:30 PM By Citizens for Tax Justice Staff | Permalink | Following an election that left half the states with veto-proof legislative majorities, 39 states with one-party rule and more than a dozen with governors who put tax reform high on their agendas, 2013 promises to be a big year for changes […]
December 14, 2012 03:41 PM By Citizens for Tax Justice Staff | Permalink | Small Business Leaders Call for Ending Offshore Loopholes, Raising Revenues from Corporate Tax Reform In a press conference this morning with Sen. Calr Levin (MI) and business leaders called for corporate tax reform that raises revenue and closes the loopholes that […]
December 14, 2012 02:08 PM By Citizens for Tax Justice Staff | Permalink | United for a Fair Economy (UFE) invites everyone who supports fair taxes to join a petition to Congress to enact a robust estate tax. The petition drive was launched on Tuesday as UFE’s Responsible Wealth project convened a group of well-known […]
December 13, 2012 02:30 PM By Citizens for Tax Justice Staff | Permalink | New CTJ Report: Fortune 500 Corporations Holding $1.6 Trillion in Profits OffshoreMore Evidence that the Corporate Lobbyists’ Version of Tax “Reform” Should NOT Be a Part of Any Budget Deal A new report from Citizens for Tax Justice explains that among the Fortune […]
December 13, 2012 12:33 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | While we’re not regular listeners to Rush Limbaugh’s radio program, we caught the fact that Limbaugh cited data from our partner organization, the Institute on Taxation and Economic Policy (ITEP), during his monologue the other day. Not surprisingly, Limbaugh […]
December 11, 2012 03:49 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | Chutes and Ladders is more than simply a hilarious visual metaphor for the gargantuan decisions currently being deliberated in Washington. Indeed, CTJ is using this icon of family fun to help educate the American public about the historic and […]
December 11, 2012 02:56 PM By Institute on Taxation and Economic Policy Staff | Permalink | Late last week, Kentucky’s Blue Ribbon Commission on Tax Reform released their tax reform recommendations. Many of the Commission’s recommendations are bold and forward-looking, like their proposal to expand the sales tax base to services (PDF) and simultaneously institute […]
December 7, 2012 04:49 PM By Citizens for Tax Justice Staff | Permalink | A story in this week’s New York Times uses CTJ numbers to demonstrate what CTJ has said many times: President Obama’s proposal is not the confiscatory tax plan opponents would have you believe. We have pointed out that taxpayers earning just […]
December 7, 2012 02:18 PM By Citizens for Tax Justice Staff | Permalink | While the headlines on the fiscal cliff negotiations are about wrangling over the top individual tax rates, multinational corporations are quietly lobbying for an agreement to move the U.S. international tax rules to a territorial system. Members of the so-called Fix […]
December 6, 2012 01:58 PM By Institute on Taxation and Economic Policy Staff | Permalink | A Los Angeles Times report out of Hawaii illustrates why all tax breaks need to be subjected to more scrutiny. The state’s well-intentioned and wildly popular tax “incentive” for solar energy has gotten more than a little out of […]