ITEP's Research Priorities
Trump Megabill Will Give $117 Billion in Tax Cuts to the Top 1% in 2026. How Much In Your State?
June 30, 2025 • By Michael Ettlinger
The predominant feature of the tax and spending bill working its way through Congress is a massive tax cut for the richest 1 percent — a $114 billion benefit to the wealthiest people in the country in 2026 alone.
CBPP: Missouri Poised to Enact Appalling Giveaway to its Richest Residents
June 30, 2025
The exemption could reduce state revenues by around $600 million each year, according to the Institute on Taxation and Economic Policy, roughly equal to the cost of funding 11,000 public school teachers’ salaries. Read more.
How Much Do the Top 1% in Each State Get from the Trump Megabill?
June 30, 2025 • By Carl Davis
The Senate tax bill under debate right now would bring very large tax cuts to very high-income people. In total, the richest 1 percent would receive $114 billion in tax cuts next year alone. That would amount to nearly $61,000 for each of these affluent households.
With Fiscal Uncertainty Looming, Louisiana Senate Did the Right Thing on Tax Bills
June 27, 2025 • By Neva Butkus
If you find yourself in a hole, stop digging. This is exactly what Louisiana Senators did when they rejected two tax-cut bills that would have created a billion-dollar shortfall in the coming fiscal years.
AP News: Ohio Budget Bill With Browns Stadium Funding, LGBTQ+ Restrictions Heads to Gov. Mike DeWine
June 27, 2025
Republicans tout that as a benefit to working Ohioans and the economy and another step in their continuing efforts to reduce the state’s tax burden, with the aim of some of them being to eventually eliminate the income tax entirely. Institute on Taxation and Economic Policy, a Washington, D.C. nonprofit, found 98% of the benefit […]
CNBC: How the Republican Megabill Targets Immigrant Finances
June 26, 2025
“If a U.S. citizen is married to an undocumented immigrant, or if a citizen child has an undocumented parent, then the House bill considers the citizen to have forfeited their right to a range of tax breaks,” ITEP researchers Carl Davis and Sarah Austin wrote in an analysis in May. Read more.
NC Budget & Tax Center: It’s Time for a Millionaire’s Tax in North Carolina
June 26, 2025
According to the Institute on Taxation and Economic Policy, this NC Senate proposal alone would deliver an additional average annual tax cut of $64,700 to millionaires in North Carolina, on top of their federal tax cuts and more than a decade of state cuts. This is more than 52 times the average amount received by non-millionaires, who would see roughly $1,200.
NEW: ITEP Analysis of Senate Tax Bill Shows Windfall for the Wealthy, Not Much for the Rest
June 25, 2025 • By ITEP Staff
Contact: Jon Whiten ([email protected]) With Senate Republicans hoping to hold a vote soon on their version of the tax and spending package passed by the House last month, a new national and state-by-state analysis from the Institute on Taxation and Economic Policy (ITEP) finds that, like the House-passed bill, the Senate proposal favors the richest […]
State Rundown 6/25: The Numbers Don’t Lie, State Budget Edition
June 25, 2025 • By ITEP Staff
Many states are reaching their end-of-June budget deadlines, and major tax policy changes look to have big implications as states are forced, per federal policy, to do more with less.
Analysis of Tax Provisions in the Senate Reconciliation Bill: National and State Level Estimates
June 25, 2025 • By Carl Davis, Jessica Vela, Joe Hughes, Steve Wamhoff
Compared to its House counterpart, the Senate bill makes certain tax provisions more generous, including corporate tax breaks that it makes permanent rather than temporary. But the bottom line for both is the same. Both bills give more tax cuts to the richest 1 percent than to the entire bottom 60 percent of Americans, and both bills particularly favor high-income people living in more conservative states.
Nebraska Legislature: Poverty Elimination Action Plan
June 25, 2025
The COVID-19 pandemic spurred temporary expansions to existing anti-poverty programs, which had a profound impact on poverty rates…Key programs during this period included SNAP, the refundable Child Tax Credit, and increased funding for TANF. As federal pandemic relief has expired, several states have enacted state-level replacements. Read more.
Senate Republicans Rig the Rules to Make Their Tax Bill Look Responsible. It’s Not.
June 24, 2025 • By Jon Whiten, Steve Wamhoff
No matter how much Senate leadership bends the rules to make their tax cuts look better on paper, the cost and impact on the deficit remains the same under a current policy baseline. It’s a move meant to mask the true cost and push a reckless bill through.
The Wall Street Journal: The Tax Bill Would Deliver a Big Win for Private Schools – and Investors
June 23, 2025
“The new tax credit could become a model for Congress to direct money to other causes through the tax code,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. Read more.
USA Today: Trump Orders ICE to Expand Efforts in NYC, LA, Chicago: See How Many Immigrants Live in Major Metros
June 23, 2025
According to the Institute on Taxation and Economic Policy, undocumented immigrants paid $96.7 billion in federal, state and local taxes in 2022. Of that amount, $59.4 billion was paid to the federal government, and the remaining $37.3 billion was paid to state and local governments. Read more.
WHYY News: ‘Every dollar counts’: Critics Say Plan to Increase Fees, Taxes and Tolls Will Disproportionately Hurt Poor Delawareans
June 23, 2025
Miles Trinidad, a state analyst for the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan tax policy organization, said flat fee increases like the document fee and the cigarette tax are regressive and will hurt low-income Delawareans. Read more.
Christian Science Monitor: US Economy Faces Reckoning as Some Immigrants Avoid Workplaces
June 20, 2025
But while the impact of President Trump’s deportation sweep may take time to register, uncertainty caused by policy shifts, muscular arrests, and deportations is already taking a toll. Read more.
Video: ITEP’s Amy Hanauer Discusses 2025 Tax Bill on Power at Work Blogcast
June 20, 2025
In this blogcast, Burnes Center for Social Change Senior Fellow Seth Harris is joined by Brendan Duke, the Senior Director for Federal Budget Policy at CBPP, and Amy Hanauer, the Executive Director at ITEP, to discuss Trump’s tax-and-spending bill and its impact on workers and worker power. Watch now to hear these tax experts dissect […]
League of Women Voters: What’s Happening with Medicaid, Tax Cuts, and Budget Bills?
June 20, 2025
According to the Institute on Taxation and Economic Policy, the highest-earning 20% of Americans will receive 69% of the bill’s tax cuts, and the highest-earning 1% of Americans will receive an average tax cut of about $70,000. Read more.
EdTrust: The Great American Heist: Taxing Education, Not Billionaires or Corporations
June 20, 2025
In a country where higher education is one of the few remaining ladders to economic mobility, the latest House budget reconciliation bill sends a deeply troubling message: tax colleges and universities that educate our future workforce but let corporations and the ultra-wealthy continue to skate by. Read more.
State Rundown 6/20: Federal tax policy heats up, states wrap sessions and weigh impacts
June 18, 2025 • By ITEP Staff
As state legislative sessions come to a close, decisions on tax policy are being made. Several southern states have cut taxes, while the northeast is making some more measured reforms.
Alabama Sunsets its Expensive ‘No Tax on Overtime’ Policy
June 18, 2025 • By Neva Butkus
The idea of exempting overtime pay from income tax has gained traction, but there's little evidence it's an effective policy. Alabama tried it in 2023 but ended the policy after just two years. Their reversal highlights how exempting overtime is an expensive gimmick and a distraction from real worker issues.
Testimony: ITEP’s Amy Hanauer Discusses the House Reconciliation Bill During a Senate Spotlight Forum
June 18, 2025
Thank you for including me today and you can find research that I reference today on the website of the Institute on Taxation and Economic Policy at www.itep.org. The One Big Beautiful Bill Act (OBBBA) would cut services to poor and middle-class families, reduce revenue available for public needs, and provide large tax cuts primarily to the richest Americans, while also providing tax cuts to foreign investors.
Economic Policy Institute: How Anti-Worker Policies, Crony Capitalism, and Privatization Keep the South Locked Out of Shared Prosperity
June 18, 2025
Southern lawmakers have neglected basic worker protections and disinvested in social safety net programs while offering hefty subsidies to corporations, privatizing public goods, and giving the wealthy big tax breaks. Read more.
New Jersey Policy Perspective: Course Correction: Preserving Senior Housing Affordability While Cutting Costs
June 18, 2025
Renters also have significantly less wealth than their home-owning peers, and nearly 1 in 4 senior renters in New Jersey report it is “very likely” they will lose their home to eviction. Read more.
The Washington Post: The U.S. is Giving Up on Taxing Inheritances
June 18, 2025
“The estate tax is barely hanging on right now,” said Steve Wamhoff, federal policy director at the left-leaning Institute on Taxation and Economic Policy. “This bill would make sure it almost disappears.” Read more.
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