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The Institute on Taxation and Economic Policy tweets here. News on tax fairness and tax reform.
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ITEP retweeted
Matthew Gardner Jul 2
Big news. It only took 40 yrs for California to get serious about undoing the Prop 13 property tax cap. CA, and the parade of other states that enacted copycat provisions in the 70s and 80s, need to get back to market valuation of *all* properties-- residential and business.
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ITEP Jul 2
A bright spot in California's budget deal: Lawmakers extended poverty-fighting credits to ITIN filers and their families who have been largely left out of federal payments and unemployment benefits.
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ITEP Jul 2
Lawmakers snuck in tax breaks for the nation's richest families in the CARES Act. Join July 7 for a town hall with the legislators working to repeal it and fight against handouts to the rich.
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For Tax Fairness Jul 2
BREAKING: 100 legislators, led by and , just sent a letter to House and Senate leadership opposing "irresponsible, costly tax breaks that drive inequality" in the next coronavirus relief bill.
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ITEP Jul 2
There’s No Evidence That Opportunity Zones Benefit Low-Income Residents and Their Neighborhoods
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ITEP retweeted
Angela Hanks Jul 2
When people say the economy is recovering, always ask, "for whom?"
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ITEP retweeted
Matthew Gardner Jul 1
Replying to @gardmaf
Here's an ITEP report surveying the landscape of state tax breaks for private schools, with a helpful discussion of the tax avoidance and accountability problems associated with these breaks.
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Meg Wiehe Jul 1
A not so Happy New Fiscal Year shout out to the states. New post from outlines the unprecedented fiscal uncertainty facing states + the need for more federal aid + ideas for structural and progressive revenue changes.
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Good Jobs First Jul 1
"Clawback" was the name of our first blog. Money-back guarantees on subsidies are crucial to making sure companies live up to their end of the bargain.
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ITEP Jul 1
Today marks the start of the new fiscal year for most states, but uncertainty around surging COVID-19 cases, continued unemployment and declining economic activity has left many states facing incredibly uncertain financial futures.
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ITEP retweeted
Brandon J. McKoy Jul 1
"The lesson of the Great Recession is that we need more federal fiscal aid, not less...states have their own choices to make to move an antiracist, equitable response to the crisis. But those efforts will likelier succeed with a strong federal response."
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ITEP retweeted
Gabriel Zucman Jun 30
Audit rates for the wealthiest Americans (with more than $1 million in income) have declined from 12.5% in 2011 to 2.4% last year.
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Matthew Gardner Jul 1
So, state tax credits that channel public money to religious schools are now constitutional. But as my mom reminded me, some of the dumbest things you can do are 100% legal. Time to talk about whether tuition tax breaks are sensible policy. via
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Matthew Gardner Jul 1
Replying to @carlpdavis
Among interesting findings of ITEP report, by : 9 states allow tuition tax breaks so generous that, factoring in federal/state tax laws, taxpayers could turn a profit by subverting public school funding. Montana, the state generating yesterday's case, was among them.
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Michael D Mitchell II Jun 30
This is really important. A great opportunity to understand more fully how race intersects with tax policy but how it has been shaped by racism.
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Jeremy Bearer-Friend Jun 30
BREAKING: In Senate Finance Committee hearing just now, IRS Commissioner Rettig commits to working with and SOI staff on identifying ways our tax code contributes to racial inequality 1/x
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ITEP Jun 30
The $370 Billion Fiscal Cliff: Why State Budgets Need Our Attention via
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ITEP Jun 30
WE'RE HIRING! Do you have a creative streak? Like to try new things? Are you driven to change systems via advocacy? We are hiring a communications manager for outreach, located in our DC offices. Learn more and apply at
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ITEP retweeted
Frank Clemente Jun 30
Amazon, Netflix & other super-profitable corporations DON'T need another tax handout in form of refundable credits. The next coronavirus aid bill should exclude business tax breaks, and send more money to states & cities instead. via &
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ITEP Jun 30
Some GOP lawmakers suggest waiving existing limits on business tax credits in next COVID package. But this wouldn't just help companies hit by the pandemic, it could provide a windfall for known tax avoiders like Amazon and Netflix.
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