ITEP's Research Priorities
Center on Budget and Policy Priorities: Maryland’s Tax Loophole for Billionaire Corporations Must End as Federal Cuts Loom for Working Families
March 7, 2025
Conservative revenue estimates released last month by the Institute on Taxation and Economic Policy (ITEP) project more than $700 million annually in new revenues for Maryland once you close the loophole that allows a small group of the world’s most aggressive global giants to dodge their responsibility to the people of Maryland.[10] These funds will help Maryland close its budget gap, respond effectively to the federal government’s financial threats, and enable important public investments in good schools, good nutrition, good roads, good health care, and good state workers who deliver high-quality service to Marylanders.
Sen. Warren: Warren Slams Big Tech CEOs for Cozying Up to Trump Admin, Attempting to Score Billions in Tax Handouts at Working Families’ Expense
March 7, 2025
U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, wrote to Elon Musk, CEO of Tesla; Jeff Bezos, CEO of Amazon; Mark Zuckerberg, CEO of Meta; Tim Cook, CEO of Apple; and Sundar Pichai, CEO of Alphabet, regarding the cumulative $75 billion in tax giveaways — handed out at the expense of working families — that their companies could receive after cozying up to the Trump administration.
State Rundown 3/6: In the Shadow of Chaotic Federal Policymaking States Seek to Tax the Top, Cut Taxes
March 6, 2025 • By ITEP Staff
Proposals from governors in both New Jersey and Wisconsin include provisions to tax high-income earners. Meanwhile, several major tax proposals are advancing in the great plains, with Iowa considering a major cut to unemployment taxes, North Dakota advancing new benefits for private schools, and Wyoming cutting property taxes. The District of Columbia is facing a more than a $1 billion revenue shortfall over the next three years, compared to previous estimates, and a mild recession due in large part to the layoffs of federal workers.
Proposed Missouri Tax Shelter Would Aid the Wealthy, Anti-Abortion Centers Alike
March 6, 2025 • By Carl Davis
In Missouri, donations to anti-abortion pregnancy resource centers come with state tax credits valued at 70 cents on the dollar. One bill currently being debated in the state would increase that matching rate to 100 percent—that is a full, state-funded reimbursement of gifts to anti-abortion groups.
American Journal of Managed Care: Trump’s Immigration Crackdown Fuels Health Crisis: Detention, Depression, Deportation, and Disease
March 6, 2025
The Trump administration’s stringent immigration policies are causing a public health crisis, marked by severe mental and physical health consequences for detained immigrants in overcrowded and unsafe detention centers, which places a substantial financial burden on the US health care system. Read more.
Trump’s Address to Congress Obscures His Actual Tax Agenda
March 5, 2025 • By Amy Hanauer
In last night’s address to Congress, President Trump spent more time insulting Americans, lying, and bragging than he did talking about taxes. But regardless of what President Trump and Elon Musk talk about most loudly and angrily, there is one clear policy that they and the corporations and billionaires that support them will try hardest […]
ProPublica: How DOGE’s Cuts to the IRS Threaten to Cost More Than DOGE Will Ever Save
March 5, 2025
The Trump administration claims gutting federal agencies will save money, but cutting the IRS means the government collects less taxes. “If you’re interested in the deficit and curbing it, why would you cut back on the revenue side?” one expert asks. Read more.
Sen. Sanders Delivers Livestreamed Response to President Trump’s Congressional Address
March 5, 2025
As most Americans know, we are living in a pivotal moment in American history – facing unprecedented challenges. How we respond to this moment will impact not only OUR lives, but the lives of our kids and grandchildren and, in terms of climate change, the very health and well-being of our planet. Read more.
Associated Press: Groceries Around the Country Remain Expensive. That’s Why More States Want to Stop Taxing Them
March 5, 2025
The number of states imposing sales taxes on groceries has shrunk over the years, and the number may decrease further in the coming months as lawmakers hear complaints about high prices for eggs and other household staples. Read more.
Testimony: ITEP’s Miles Trinidad on Maryland’s Budget Reconciliation Act of 2025
March 4, 2025
This testimony was delivered to a joint session of Maryland’s House Appropriations and Ways and Means Committees on February 27, 2025. Thank you for the opportunity to provide testimony on the Budget Reconciliation Act of 2025. My name is Miles Trinidad, and I’m a state analyst with the Institute on Taxation and Economic Policy, a […]
New Jersey Senator Singleton and Senate President Scutari Resolution Condemning Federal Efforts to Cut Funding
March 4, 2025
In response to the recent passage by the House of Representatives of a budget resolution that seeks to cut hundreds of billions in funding for programs like Medicare, Medicaid, and the Supplemental Nutrition Assistance Program (SNAP), the Senate Health, Human Services, and Senior Citizens Committee has passed a resolution from Senator Troy Singleton and Senate […]
Video: ITEP’s Matt Gardner Discusses Worldwide Combined Reporting with Yes! Magazine
March 3, 2025
ITEP Senior Fellow Matt Gardner recently spoke to Sonali Kolhatkar about how worldwide combined reporting can be used to crack down on corporate tax avoidance. You can watch the full video here.
A Well Targeted Federal Renter Credit Could Help Reduce Wealth Gaps
March 3, 2025 • By Brakeyshia Samms
While lawmakers often speak about income inequality, less attention is paid to wealth inequality. Wealth is distributed even more unequally than income in the U.S. in ways that reinforce racial divides, leave some households with too little to handle unexpected expenses, and enable some households to pass down enormous intergenerational wealth. A renter tax credit is one tool lawmakers can use to reduce wealth inequalities both within racial and ethnic groups and between these groups. As we show in our new analysis, Black and Hispanic households are more likely to be renters and hold less wealth than white households.
High-Rent, Low-Wealth: Addressing the Racial Wealth Gap through a Federal Renter Credit
March 3, 2025 • By Brakeyshia Samms, Emma Sifre, Joe Hughes
While the federal tax code has some policies focused on raising income of low earners, it contains fewer provisions designed specifically to address wealth inequality. A renter tax credit offers a simple, administratively practical means of reaching low-wealth populations through the federal tax code without requiring a comprehensive measurement of every household’s wealth.
Nashville Pride: Lawmakers Push to Repeal Tennessee Grocery Tax, Citing New Report
March 3, 2025
A new in-depth report is strengthening the push to eliminate Tennessee’s state sales tax on groceries without cutting essential public services. The analysis shows that closing corporate tax loopholes could generate nearly $900 million in revenue—enough to offset the cost of repealing the grocery tax entirely. Read more.
State-by-State Tax Expenditure Reports
March 1, 2025 • By ITEP Staff
Below is a list of tax expenditure reports published in the states.
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