Institution on Taxation and Economic Policy

October 26, 2017

Income taxes and economic growth

Supporters of trickle-down economics have tried to argue for years that income taxes are a barrier to economic growth, and that states without income taxes fare better than states that have them. But a report out today from the Institute on Taxation and Economic Policy successfully dispels that myth.

Number of the Day

34 percent - The average increase to the most popular marketplace health insurance plans in the upcoming year  (Source: Associated Press)
August 17, 2017

Tax cuts for millionaires

Policy details aren’t President Donald Trump’s strong suit. His tax proposals, for example, were outlined on a single page handed out to reporters last spring.

Number of the Day

$387,510 - The average tax cut for Louisianans making $1 million or more per year under the tax proposals outlined by the Trump administration. (Source: Institute on Taxation and Economic Policy)