December 22, 2011 11:49 AM By Citizens for Tax Justice Staff | Permalink | UPDATE: Candidate Mitt Romney told MSNBC on December 22 that he does not intend to release his tax returns, even if he becomes his party’s nominee. Watch CTJ’s Rebecca Wilkins explain to ABC News Brian Ross what Romney’s tax returns would […]
December 13, 2011 04:24 PM By Citizens for Tax Justice Staff | Permalink | Despite receiving increased attention after becoming the new GOP presidential frontrunner, former House Speaker Newt Gingrich continued his blunder-filled forays into tax policy at the ABC News Iowa Republican primary debate last Saturday. The most outstanding of the Gingrich tax policy […]
December 9, 2011 05:37 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | After long opposing the extension of a tax on millionaires supported by 72 percent of New Yorkers, Democratic Governor Andrew Cuomo partially reversed himself and proposed a plan that would raise more revenue from the very wealthy and make […]
December 7, 2011 06:22 PM By Citizens for Tax Justice Staff | Permalink | The graph below compares the impacts of the Democrats’ proposed payroll tax holiday with a tax policy that is more progressive (reviving the Making Work Pay Credit) and a policy that is far more regressive (the Bush tax cuts, which are […]
December 7, 2011 02:24 PM By Citizens for Tax Justice Staff | Permalink | It would require a full-time staff person to respond to all the inaccuracies we regularly see in Washington Post’s “The Fact Checker” column by Glenn Kessler, but an episode from this week really stands out. Kessler attempts to pick at a […]
December 2, 2011 02:42 PM By Citizens for Tax Justice Staff | Permalink | On Sunday, the second highest ranking Republican in the U.S. Senate, Jon Kyl, said, “The payroll tax holiday has not stimulated job creation. We don’t think that is a good way to do it.” Asked why he opposes letting the Bush […]
December 2, 2011 02:36 PM By Citizens for Tax Justice Staff | Permalink | State-by-State Figures Included The millionaire surcharge that would have offset the cost of Senate Democrats’ proposed payroll tax cut would have affected only one-tenth of one percent of taxpayers in the majority of states, and in no state would those affected […]
December 2, 2011 02:31 PM By Richard Phillips, Senior Policy Analyst at ITEP | Permalink | Massachusetts Democratic Representative Barney Frank made waves on Monday with the announcement that he will not seek reelection in 2012. During his 30 years serving in the House of Representative, Rep. Frank has become well known for being the […]
December 1, 2011 05:04 PM By Citizens for Tax Justice Staff | Permalink | Cyber Monday 2011 was the biggest online shopping day in the history of the Internet, shattering all previous years’ records. Online shopping the Monday after Thanksgiving was up 33% over last year, with consumers spending $1.25 billion on e-purchases. Almost all […]
November 22, 2011 07:19 PM By Citizens for Tax Justice Staff | Permalink | The six Democrats and six Republicans on the “Super Committee,” which is officially called the Joint Select Committee on Deficit Reduction, have conceded that they cannot agree on an alternative to the $1.2 trillion in deficit reduction that will occur automatically […]
November 18, 2011 04:41 PM By Citizens for Tax Justice Staff | Permalink | A new CTJ report shows that only 0.3 percent of deaths in the U.S. in 2009 resulted in federal estate tax liability. This provides a rough approximation of the impact that President Obama’s estate tax proposal would have, because the estate […]
November 18, 2011 04:16 PM By Citizens for Tax Justice Staff | Permalink | Washington State has the most regressive tax structure in the country. No other state asks more of its poorest taxpayers and simultaneously asks so little of its wealthiest taxpayers. The major reasons for its distorted tax structure are the state’s excessive reliance […]
November 18, 2011 04:03 PM By Citizens for Tax Justice Staff | Permalink | Kentucky GOP gubernatorial candidate, longtime Senate President and American Legislative Exchange Council (ALEC) “Legislator of the Year” awardee, David Williams, was rebuked by Blue Grass State voters last week. Williams staunchly advocated for eliminating the state’s personal and corporate income taxes […]
November 18, 2011 04:01 PM By Citizens for Tax Justice Staff | Permalink | A slew of tax credit programs in Iowa that have failed to live up to their job-creation promises is further evidence that while companies will happily take taxpayer money when it’s offered, no amount of corporate pork can make a company […]
November 17, 2011 01:33 PM By Citizens for Tax Justice Staff | Permalink | Coburn Report on Hand-Outs for Millionaires Misses the Worst of All Republican Senator Tom Coburn of Oklahoma, who made news earlier this year when he broke with right-wing ideologues by suggesting that Congress could raise some amount of revenue greater than […]
November 17, 2011 01:31 PM By Citizens for Tax Justice Staff | Permalink | A report from Macroeconomic Advisers, one of the most respected economic forecasting firms, concludes that unemployment would rise from 9 percent to 18 percent in 2012 if Congress had to cut spending to comply with the type of constitutional balanced budget […]
November 17, 2011 01:28 PM By Citizens for Tax Justice Staff | Permalink | While all of the 2012 GOP presidential candidates have had their fair share of tax policy blunders, Minnesota Republican Representative Michele Bachmann has stood out among the field for her outrageous and often factually incorrect statements about our tax system. During […]
November 10, 2011 02:17 PM By Citizens for Tax Justice Staff | Permalink | The release of the corporate tax avoidance study by CTJ and ITEP last week marked a turning point in the debate over the budget deficit and tax reform. Until now, members of Congress and the Obama administration could ignore the 67-73 […]
November 10, 2011 02:04 PM By Citizens for Tax Justice Staff | Permalink | The Corporation Led by Obama’s “Jobs and Competitiveness” Chairman In March, activists called on Jeffrey Immelt, CEO of GE, to step down from his position as chairman of President Obama’s Council on Jobs and Competitiveness following revelations that GE had a […]
November 10, 2011 01:59 PM By Citizens for Tax Justice Staff | Permalink | The Corporation Led by a Member of Obama’s “Fiscal Responsibility” Commission On November 17, the conservative Tax Foundation is presenting its “Distinguished Service Award” to Republican House Speaker John Boehner and Honeywell CEO David Cote, who was appointed by President Obama […]
November 10, 2011 01:57 PM By Citizens for Tax Justice Staff | Permalink | The Corporation Battling the Communication Workers of America to Cut $1 Billion in Employee Benefits In August, 45,000 Verizon employees went on strike to protest the company’s push for employees to give back $1 billion in health, pension, and other contract […]
November 10, 2011 01:56 PM By Citizens for Tax Justice Staff | Permalink | One of the Biggest Bailed Out Banks Last week a federal court decided against Wells Fargo in an $80 million tax shelter case. In the challenged deal, which government attorneys called a “charade” and an attempted “raid on the federal Treasury,” […]
November 10, 2011 01:53 PM By Citizens for Tax Justice Staff | Permalink | The North Carolina Corporation Pushing Senator Hagan and Others to Support a Repatriation Amnesty In June, the organization Third Way hosted an event in Washington at which a group of politicians, corporate leaders and others argued in favor of a tax […]
November 10, 2011 01:50 PM By Citizens for Tax Justice Staff | Permalink | A Major Defense Contractor Lobbying Against Military Spending Cuts In June, James Zrust, vice president of tax for the defense contractor Boeing, testified before the House Ways and Means Committee in favor of a steep reduction in the corporate income tax […]
October 28, 2011 06:25 PM By Citizens for Tax Justice Staff | Permalink | On Thursday, a subcommittee hearing on a proposed IRS rule veered towards the absurd when Citizens for Tax Justice and the Obama administration were accused of supporting dictators, kidnappers and terrorists. CTJ’s Rebecca Wilkins testified before a House Financial Services subcommittee […]