Fair tax policy depends on prioritizing the well-being of all households, not just the wealthiest. New Jersey, and the nation as a whole, cannot afford to hand special tax breaks to the most affluent residents by slashing essential services such as health insurance for working families. New analysis of the Trump administration’s plan to make tax breaks from the 2017 tax law permanent shows that the proposal would do just that. It would make the wealthiest New Jerseyans even richer while cutting programs and support for families who need help affording basic necessities like food and health care.
ITEP Work in Action
Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.
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ITEP Work in Action February 3, 2025 New Jersey Policy Perspective: Extending Trump Tax Cuts Would Benefit the Wealthiest New Jerseyans
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ITEP Work in Action February 1, 2025 Roosevelt Institute: Taxing Excessive Profits: Designing a Pro-Competition Corporate Tax System
This brief—originally presented as a discussion guide to the October 2024 convening “Promoting Equity and Efficiency: Rethinking Corporate Taxation to Address Market Power,” hosted by the Institute for Macroeconomic &… -
ITEP Work in Action February 1, 2025 Center for Law and Social Policy: The Earned Income Tax Credit Should be Expanded for Workers Without Children
The Earned Income Tax Credit (EITC) is a federal tax credit for workers with low and moderate incomes. The EITC helps to bolster their incomes and offset taxes owed; it… -
ITEP Work in Action January 31, 2025 Center on Budget and Policy Priorities: President Trump, Congressional Republican Proposals Would Shift Large Costs to States, Inflict Widespread Harm
Emerging proposals from the Trump Administration and key congressional Republicans could wreak havoc on essential public services, leaving millions of people worse off through lost health coverage, less money for groceries, weakened access to a quality public education, and other harms.[1]
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ITEP Work in Action January 31, 2025 Florida Policy Institute: Deferring Dreams: The Costly Plan to Repeal Tuition Fairness for Florida Dreamers
Legislation[1] was introduced during the January 2025 special legislative session that would repeal Florida’s tuition fairness law.[2] This law, which passed with bipartisan support in 2014, requires that colleges, universities, and postsecondary institutions waive out-of-state tuition for certain undocumented students who graduated high school in the state.
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ITEP Work in Action January 31, 2025 Idaho Center for Fiscal Policy: House Bill 40 Further Cuts the Income Tax, Disproportionately Benefiting Wealthy Idahoans
Every year, Idaho spends millions of tax dollars to make sure families receive a good education, live in safe homes and communities, and enjoy good health. However, over the last several years, the state has passed deep and costly tax rate cuts that make our tax system more regressive- disproportionately burdening Idahoans with the lowest incomes. House Bill 40 continues to perpetuate this trend by providing relief disproportionately to wealthy households.
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ITEP Work in Action January 31, 2025 Every Texan: Current Border Militarization Operations Are a Wasteful Attempt at Deterrence
There is little return to show on past border militarization investments. Beginning in 2021, the Governor launched a multi-year campaign called Operation Lone Star that, in part, allowed his Trusteed… -
ITEP Work in Action January 30, 2025 Alabama Rise: 56 Alabama Groups Urge Congress to Reject Tax Cuts for the Wealthy
Congress should oppose efforts to increase tax breaks for wealthy Americans and highly profitable corporations this year, 56 organizations across Alabama wrote in a letter sent to Alabama’s congressional delegation Wednesday. Lawmakers instead should seek to boost tax credits that expand opportunities for working people and families, the letter said.
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ITEP Work in Action January 30, 2025 Oregon Center for Public Policy: Groups Call on Oregon Congressional Delegation to Reject More Tax Breaks for the Wealthy
A dozen Oregon organizations sent a letter to the state’s congressional delegation today calling on them to oppose tax cuts for the wealthiest individuals and corporations as part of the upcoming federal tax debate in 2025.
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ITEP Work in Action January 30, 2025 Oklahoma Policy Institute: FACT CHECK: How Would the Governor’s Proposal to Cut, Eliminate Personal Income Tax Affect Oklahoma?
The Institute on Taxation and Economic Policy has estimated how much these proposed tax cuts would impact Oklahomans, by income level:
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ITEP Work in Action January 23, 2025 Public Citizen: DOGE Delusions: A Real-World Plan To Crack Down on Corporate Handouts, Tax the Rich and Invest for the Future
On November 12, 2024, President-elect Donald Trump announced that billionaires Elon Musk and Vivek Ramaswamy would co-chair a new entity, called the “Department of Government Efficiency” (DOGE). “Together,” Trump asserted, “these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures and restructure federal Agencies – Essential to the ’Save America’ Movement. … It will become, potentially, the ’Manhattan project’ of our time.”
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ITEP Work in Action January 22, 2025 Accountable.US and Americans for Tax Fairness: The Price of Big Business: The Corporate Tax Ten
With portions of the Trump 2017 corporate tax giveaways set to expire in 2025, government watchdog Accountable.US and Americans for Tax Fairness today released a damning new report revealing how a small… -
ITEP Work in Action January 18, 2025 Federal Reserve Bank of Minneapolis: Fiscal Progressivity of the U.S. Federal and State Governments
Combining a variety of survey and administrative data, this paper measures the progressivity of taxes and transfers at the U.S. federal level and separately for each state. Read more. -
ITEP Work in Action January 16, 2025 Maryland Secretary of Budget & Management Cites ITEP Data in Presenting Governor’s Tax Plan
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ITEP Work in Action January 16, 2025 Center for American Progress: Scott Bessent’s 3 Percent Deficit Target Would Require Massive Cuts to Anti-Poverty Programs and Middle-Class Tax Increases
Basic arithmetic suggests that the fiscal goals of President-elect Donald Trump’s treasury pick would slash health care and food security for working- and middle-class families while renewing tax cuts tilted… -
ITEP Work in Action January 10, 2025 2024 Economic Report of the President
The Economic Report of the President (ERP) is an annual report produced by the Council of Economic Advisers. An important vehicle for presenting the Administration’s domestic and international economic policies,… -
ITEP Work in Action December 22, 2024 Brookings Institution: Scaling Up Prenatal and Infant Cash Prescriptions to Eradicate Deep Infant Poverty in the United States
The United States is exceptional among wealthy nations in its high rate of child poverty. Even more so, the U.S. is known for its high level of deep child poverty—children… -
ITEP Work in Action December 22, 2024 Georgia Budget & Policy Institute: From Barriers to Bridges: How Fines and Fees Reform Can Help Boost Economic Security
Excessive local government reliance on fines and fees is tied to persistent barriers to economic security. Policies that lift these barriers could open gateways for more Georgians to achieve workforce mobility… -
ITEP Work in Action December 22, 2024 Hawai’i Appleseed: How a Second Trump Presidency Could Impact the Pocket Books of Hawaiʻi’s Working Families
With President-elect Trump preparing to return to the White House in 2025, it’s worth examining how his proposed policies could impact Hawaiʻi’s economy, tax system and the household budgets of local working… -
ITEP Work in Action December 19, 2024 Accountable.US: Trump IRS Pick Billy Long Took $248,500 From 17 Top Tax-Avoiders
Accountable.US has found that Long’s Congressional campaign committees took $248,500 from 17 top tax-avoiding corporations. These 17 companies paid an astonishing average effective tax rate of -0.4% on over $289… -
ITEP Work in Action December 18, 2024 Gov. Jay Inslee: Gov. Inslee Releases Future-Focused Budget Proposal
Today, Gov. Jay Inslee released a balanced budget proposal that protects progress on the programs and services that working families and businesses depend on — public safety, education, early learning,… -
ITEP Work in Action November 20, 2024 Sen. Warren: ITEP Data Shows Trump’s Tax Proposals Won’t Help Working Families
Sen. Warren cited ITEP’s research at a November 20, 2024 hearing of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. To read her remarks, click here. To read… -
ITEP Work in Action November 14, 2024 New Jersey Policy Perspective: Fair and Square: Changing New Jersey’s Tax Code to Promote Equity and Fiscal Responsibility
Reforming New Jersey’s tax system would reduce income inequality and provide revenues needed for public investments to make the state more affordable.
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ITEP Work in Action October 31, 2024 Economic Security Project: The Equity & Prosperity Agenda: A Tax Plan to Promote a Fair, Inclusive, and Competitive Economy
The expiration of the Trump Tax Cuts and Jobs Act (TCJA) in 2025 is a critical opportunity to set economic policy for the next decade. The TCJA has been an abject failure for American families. Every year since it passed in 2017, it has diverted taxpayer money to exorbitant tax breaks for the ultrawealthy and powerful corporations while everyday Americans have struggled to make ends meet. The 2025 tax fight is our opportunity to promote competition and curb corporate concentration, lower costs for working families, raise the revenue we need to invest in core priorities and promote a democratized, multiracial economy.
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ITEP Work in Action October 29, 2024 California Budget & Policy Center: California’s Undocumented Residents Make Significant Tax Contributions
California’s undocumented residents contribute nearly $8.5 billion in taxes, playing a crucial role in supporting public services while remaining excluded from essential programs. Read more.