October 25, 2012 12:43 PM By Citizens for Tax Justice Staff | Permalink | There’s been a lot of good research these past few years debunking claims that state taxes – particularly income taxes on the rich – send wealthy taxpayers fleeing from “unfriendly” states. CTJ’s partner organization, the Institute on Taxation and Economic Policy […]
October 24, 2012 12:54 PM By Citizens for Tax Justice Staff | Permalink | When most people think of major foreign policy issues facing the U.S., they rarely think of taxes and budget deficits. But during the foreign policy-focused final presidential debate on Monday night, the candidates delved into tax and budget issues – domestic […]
October 23, 2012 06:26 PM By Institute on Taxation and Economic Policy Staff | Permalink | The Pennsylvania legislature just sent a bill to Governor Corbett that would allow most companies to keep the income tax payments they withhold from their employees as a kind of reward for having hired them. Normally, of course, those […]
October 22, 2012 01:19 PM By Institute on Taxation and Economic Policy Staff | Permalink | California is not the only state this election season taking taxing decisions directly to the people on November 6. The stakes will be high for state tax policy on Election Day in nine other states with tax-related issues on […]
October 22, 2012 12:05 PM By Citizens for Tax Justice Staff | Permalink | As President Obama and Governor Romney discuss foreign policy in their final debate, there’s a major issue that they will, unfortunately, probably ignore: the tangle of international tax rules that allow offshore tax dodging. The U.S. tax system is already in […]
October 19, 2012 03:12 PM By Citizens for Tax Justice Staff | Permalink | The discussion over tax policy during Tuesday night’s town hall debate between President Barack Obama and former Massachusetts Governor Mitt Romney is a case study in how candidates can make selective use of facts. Below we bring some context to some […]
October 19, 2012 12:21 PM By Institute on Taxation and Economic Policy Staff | Permalink | The Iowa Policy Project’s Research Director Peter Fisher is quoted in a Des Moines Register piece where he recommends that Iowa increase it Earned Income Tax Credit (EITC) as one way to help low- and middle-income children. ITEP has […]
October 18, 2012 03:48 PM By Citizens for Tax Justice Staff | Permalink | While the presidential candidates debate whether the tax code rewards companies that move operations overseas, a new CTJ report shows that ten companies, including Apple and Microsoft, indicate in their own financial statements that most of their foreign earnings have never […]
October 17, 2012 06:34 PM By Citizens for Tax Justice Staff | Permalink | In last night’s presidential debate, Governor Romney pointed out that President Obama’s pension holds investments in Chinese companies and even in a Cayman Islands trust. Unlike Romney’s self-directed Individual Retirement Account, the President’s pension is in a system over which the […]
October 17, 2012 04:45 PM By Citizens for Tax Justice Staff | Permalink | During Tuesday night’s presidential candidate town hall debate, President Barack Obama and former Massachusetts Governor Mitt Romney went at it again over, among other things, their respective approaches to tax policy. While both candidates come up short on proposing fair and […]
October 17, 2012 02:56 PM By Citizens for Tax Justice Staff | Permalink | A lot of attention has been given to a recent report from Congress’s non-partisan Joint Committee on Taxation (JCT) on one possible approach to tax reform. Very generally, the gist of the findings is that getting rid of itemized deductions and […]
October 16, 2012 01:39 PM By Citizens for Tax Justice Staff | Permalink | When Kansas Governor Sam Brownback signed into law a $4.5 billion (over six years) tax cut package ealier this year, he told Kansans, “I think we are going to be in good shape.” He promised tens of thousands of new jobs […]
October 12, 2012 05:38 PM By Citizens for Tax Justice Staff | Permalink | The first and only Vice Presidential Debate of the election season between Vice President Joe Biden and Wisconsin Congressman Paul Ryan featured a spirited discussion over their competing visions for tax policy. While watching, we began to genuinely wonder if Biden […]
October 12, 2012 12:44 PM By Institute on Taxation and Economic Policy Staff | Permalink | Bad news out of Louisiana, where the chairman of a commission reviewing the state’s tax breaks says they will likely fail to make recommendations for which breaks should be reformed or eliminated. Turns out no one has been collecting […]
October 11, 2012 03:22 PM By Meg Wiehe, Deputy Director at ITEP | Permalink | In November, California voters will decide on two not-so-different revenue raising ballot measures. Proposition 30, backed by Governor Jerry Brown, temporarily raises income taxes on the state’s wealthiest taxpayers and increases the sales tax by a quarter cent. The rival […]
October 10, 2012 12:55 PM By Citizens for Tax Justice Staff | Permalink | by CTJ Director, Robert McIntyre In a speech at the National Press Club on October 9, Senator Chuck Schumer (D-NY) joined with President Obama in calling for revenue-raising tax reform, by closing loopholes and reversing the Bush tax cuts for the […]
October 9, 2012 04:34 PM By Citizens for Tax Justice Staff | Permalink | It recently came out that one man—billionaire Manuel Moroun—is almost singlehandedly responsible for getting Proposal 5, (dubbed the “two thirds” tax proposal by supporters), onto Michigan’s November ballot. If enacted, the proposal would require two-thirds approval of each legislative chamber before […]
October 5, 2012 06:59 PM By Citizens for Tax Justice Staff | Permalink | While most commentators have focused on the back-and-forth between President Barack Obama and former Governor Mitt Romney over tax rates and deficit reduction during the first presidential debate, we paid extra close attention to what the candidates said about corporate and […]
October 4, 2012 04:43 PM By Citizens for Tax Justice Staff | Permalink | During the first presidential debate of this election season, President Barack Obama and former Governor Mitt Romney’s discussion focused primarily on what is arguably the most important issue of this election: tax policy. Over half of the debate was spent on […]
October 3, 2012 02:31 PM By Institute on Taxation and Economic Policy Staff | Permalink | The difficulty of enacting real tax reform is on display in Louisiana, where a commission studying the state’s tax breaks just heard from some of the industries and interests seeking to protect their special breaks and loopholes. For example, […]
October 3, 2012 01:12 PM By Citizens for Tax Justice Staff | Permalink | Read the PDF version of this document. As President Barack Obama and former Massachusetts Governor Mitt Romney face off in their first debate, a number of big-picture questions about tax policy remain unanswered by either candidate. Given the budget deficit, why […]
October 3, 2012 12:49 PM By Citizens for Tax Justice Staff | Permalink | To make watching the debates just a little more fun, we created a Bingo card with all the tax and budget related terms we expect the two candidates to trot out time and again over the coming debates. (If you want […]
October 2, 2012 05:45 PM By Carl Davis, Research Director at ITEP | Permalink | Missouri might just be the poster child for why it’s so important to ramp up the amount of scrutiny given to special tax breaks. From 2005 to 2009, the state accidentally spent over $1.1 billion more on tax credits than […]
October 2, 2012 05:16 PM By Citizens for Tax Justice Staff | Permalink | CTJ Analysis Shows That Millionaires Would Get Average Tax Cut of $250,000 Even If Deductions and Exclusions Are Limited to Zero Today, presidential candidate and former Massachusetts Governor Mitt Romney suggested that one way to offset the cost of his proposed […]
October 1, 2012 05:31 PM By Carl Davis, Research Director at ITEP | Permalink | Let’s start with the good news. There’s a growing recognition among even the most virulently anti-tax lawmakers that one core area of government is actually underfunded and needs revenues: transportation maintenance and construction. Unfortunately, there’s some bad news, too. Rather […]