Institute for Taxation and Economic Policy Funded by George Soros, ACORN Founder and other Leftist Organizations

Concord, NH - In a release sent out last month, the House Ways and Means Committee announced that among those organizations that would be testifying at the Tax Summit set for next week, is the Institute for Taxation and Economic Policy (ITEP).

Further examination reveals that ITEP is a very partisan organization, whose source of funding comes from far left organizations such as the Tides Foundation, which is funded in part by billionaire and left-wing activist, George Soros, along with founder of the embattled organization ACORN, Wade Rathke.  Other funders of ITEP include: the Ben and Jerry Foundation and the Streisand Foundation. (http://www.itepnet.org/funding.htm). 

In addition to this, ITEP additionally testified in March of this year before the House Ways and Means Committee on HB642, in which they expressed their unequivocal support for an income tax in New Hampshire (http://www.itepnet.org/ITEP_Testimony_NH_HB_642.pdf ).

Commenting on these findings, Cornerstone's Director, Kevin Smith, said the following:

"Far-left, out-of-state groups pouring their special interest money into our small state in order to effect policy is becoming an all too frequent happening in New Hampshire government these days.  It is quite unfortunate that Representative Almy, an income tax supporter, would invite in an organization that not only has a clear agenda to see an income tax in NH become a reality, but whose source of funding comes from outside left-wing organizations and activists."