January 27, 2012 04:29 PM By Citizens for Tax Justice Staff | Permalink | Governor Martin O’Malley’s budget has been circulating for a few days, and it seems people are just now turning their attention to one of its smaller tax changes, that is, the Governor’s proposal to end the tax exemption for digital downloads of […]
January 27, 2012 02:15 PM By Citizens for Tax Justice Staff | Permalink | The rapid-fire succession of GOP debates has continued, with four more occurring in just the last couple weeks. Here we deconstruct the most ludicrous or notable quotes from each candidate: Former House Speaker Newt Gingrich:…when I was speaker, we had four […]
January 27, 2012 12:34 PM By Citizens for Tax Justice Staff | Permalink | Citizens for Tax Justice director Bob McIntyre wrote in the American Prospect this week, “With the two leading Republican presidential contenders arguing over whether super-wealthy investors should pay 15 percent or zero percent in federal taxes, it would seem that President […]
January 27, 2012 12:32 PM By Citizens for Tax Justice Staff | Permalink | Citizens for Tax Justice has calculated that President Obama’s “Buffett Rule” would, if in effect this year, raise $50 billion in a single year and affect only the richest 0.08 percent of taxpayers — that’s just eight percent of the richest […]
January 27, 2012 12:30 PM By Citizens for Tax Justice Staff | Permalink | After Mitt Romney conceded that CTJ’s estimate of his effective tax rate of 14 percent was correct, Newt Gingrich said that he believed everyone should pay a similar effective tax rate and that this was an argument for his proposed optional […]
January 27, 2012 11:51 AM By Citizens for Tax Justice Staff | Permalink | Note to Readers: Over the coming weeks, ITEP will highlight tax policy proposals that are gaining momentum in states across the country. This article takes a look at efforts to roll back business taxes in states based on the shopworn, erroneous […]
January 26, 2012 02:15 PM By Citizens for Tax Justice Staff | Permalink | During his State of the Union address, President Obama said that “no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas.” We couldn’t agree more. However, a CTJ report explains that […]
January 26, 2012 12:44 PM By Citizens for Tax Justice Staff | Permalink | In his recent State of the State speech, Nebraska Governor Dave Heineman unveiled his three-pronged tax reduction proposal: income tax rate reductions and broadening of income tax brackets, a reduction in the corporate income tax rate, and complete elimination of the […]
January 25, 2012 02:16 PM By Citizens for Tax Justice Staff | Permalink | During his State of the Union address, President Obama proposed that Congress enact his “Buffett Rule,” inspired by billionaire Warren Buffett’s complaint that he has a lower effective tax rate than his secretary. President Obama said, “Tax reform should follow the […]
January 19, 2012 02:40 PM By Citizens for Tax Justice Staff | Permalink | The Washington Posts’s Greg Sargent cites figures from CTJ and concludes If Romney, whose wealth is estimated at as much as $250 million, is elected president and gets his way on tax policy, he would pay barely more than half as […]
January 19, 2012 12:56 PM By Citizens for Tax Justice Staff | Permalink | Here we go again: another governor who thinks it’s okay to cut taxes for the rich and raise them on everyone else. Kansas Governor Sam Brownback last week unveiled his long anticipated tax plan. Sweeping changes to reduce the state’s reliance […]
January 19, 2012 11:36 AM By Citizens for Tax Justice Staff | Permalink | Note to Readers: Over the coming weeks, ITEP will highlight tax policy proposals that are gaining momentum in states across the country. This week, we’re taking a closer look at proposals which would reduce or eliminate state inheritance and estate taxes. […]
January 18, 2012 05:14 PM By Citizens for Tax Justice Staff | Permalink | President Obama’s jobs council has released a report full of recommendations, including somewhat misguided points on the federal corporate income tax. The report rightly points out that the corporate income tax is full of loopholes that should be closed, but fails […]
January 17, 2012 05:53 PM By Citizens for Tax Justice Staff | Permalink | Three months ago, CTJ’s Bob McIntyre told TIME that GOP candidate Mitt Romney likely has an effective federal tax rate of around 14 percent because of the tax break for investment income that Romney enjoys. Today, the candidate said, “What’s the […]
January 17, 2012 03:41 PM By Citizens for Tax Justice Staff | Permalink | A new report from President Obama’s jobs council reflects a major dispute between corporate and labor leaders over tax reform. According to Reuters, the report “notes disagreement among council members over whether to shift to a ‘territorial’ system that exempts most […]
January 12, 2012 03:10 PM By Citizens for Tax Justice Staff | Permalink | With the Republican primaries now in full swing, the GOP candidates’ rhetoric on taxes has become even more disconnected from reality. Santorum is No Blue-Collar Populist Former Senator Rick Santorum used his new spotlight during last Saturday’s ABC-Yahoo GOP presidential candidate […]
January 12, 2012 11:06 AM By Citizens for Tax Justice Staff | Permalink | A new CTJ report shows how taxpayers in each state would be affected by the tax plans proposed by the Republican presidential candidates. The report finds that the cost of the tax plans would range from $6.6 trillion to $18 trillion […]
January 12, 2012 10:43 AM By Citizens for Tax Justice Staff | Permalink | Lately, one of the biggest priorities of both conservative state lawmakers and Republican presidential candidates has been the reduction or elimination of the income tax. But a new analysis of one such plan receiving consideration in Oklahoma should give pause to […]
January 11, 2012 04:36 PM By Citizens for Tax Justice Staff | Permalink | Note to Readers: Over the coming weeks, ITEP will highlight tax policy proposals that are gaining momentum in states across the country. This week, we’re taking a closer look at proposals which would lessen a state’s reliance on progressive income taxes, […]
January 11, 2012 12:06 PM By Citizens for Tax Justice Staff | Permalink | A new report from the IRS estimates that individuals and businesses failed to pay $385 billion of the taxes they owed in a single year — a figure that many experts believe is an understatement. This comes just months after Congress […]
January 9, 2012 09:57 AM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | It seems impossible, but on the eve of the Iowa Caucus the once unstoppable ethanol tax credit expired. After three long decades and over $20 billion dollars spent, the relatively quiet expiration of this once sacred tax credit is […]
December 22, 2011 04:07 PM By Citizens for Tax Justice Staff | Permalink | Just as President Obama caved at the end of last year to demands that he extend the Bush tax cuts for even the richest Americans, it looked like he was ready to end this year by caving on the debate over […]
December 22, 2011 02:15 PM By Citizens for Tax Justice Staff | Permalink | As the presidential campaigns rev up, taxes are emerging as the defining issue of the election. Unfortunately, a lot of misinformation and myths about taxes are spreading as candidates and commentators look to push their different economic agendas. To start the […]
December 22, 2011 01:27 PM By Citizens for Tax Justice Staff | Permalink | Naughty Michigan’s legislature and Governor Snyder top the naughty list by giving away more than $1.6 billion in tax cuts for business and paying for it with tax increases on low-and middle-income working and retired families. Florida continued to dole out […]
December 22, 2011 01:16 PM By Citizens for Tax Justice Staff | Permalink | Our roads, bridges, and transit systems are in decline, and unless lawmakers are cured of their anti-tax phobia, the “fix” could come from education cuts in some states and even more deficit spending at the federal level. It’s against this backdrop […]