ITEP's Research Priorities
House Bill’s Deduction for Car Loan Interest Would Not Offset Tariff-Related Auto Price Increases for Most Buyers
June 12, 2025 • By Carl Davis, Sarah Austin
The auto loan interest deduction that recently passed the House is designed, at least in part, to mitigate the impact of tariff-induced price increases on vehicles assembled in America. But the deduction is incapable of offsetting even small-scale price increases, especially for working-class families and others with moderate incomes.
DC Fiscal Policy Institute: Undocumented Immigrants Make DC’s Tax Base More Resillient
June 12, 2025
As she and the federal government escalate attacks on immigrants, DC should not overlook the many ways these residents contribute to the communities they live in and the local economy, including through their tax contributions toward DC’s shared resources.
USA Today: Los Angeles is Grappling with ‘Collective Grief and Frustration’ Amid Protests
June 12, 2025
In a year that's already been punctuated by the devastating wildfires that will take years to rebuild, an emotionally weary Los Angeles County is back in an unwanted spotlight due to nearly a week of anti-ICE protests that are testing its character.
State Rundown 6/11: States in The Eye of a Fiscal Hurricane?
June 11, 2025 • By ITEP Staff
State legislatures are enjoying a relatively quiet period right now, though it is merely a temporary calm before the storm of the federal tax and budget debate begins raging again.
Montana Budget & Policy Center: Tax Policy Highs and Lows from the 2025 Montana Legislature
June 11, 2025
The 2025 Legislature made a number of changes to Montana’s tax system, including an expensive cut to the income tax and restructuring of the property tax system.
North Carolina Tax Proposal Prioritizes Millionaires Over Everyone Else
June 11, 2025 • By Dylan Grundman O'Neill, Miles Trinidad
North Carolina Senators are proposing to yet again ignore the core needs of the majority of North Carolinians in favor of more income tax cuts for the wealthy few. The Senate's budget would take the personal income tax rate to 1.99 percent as soon as 2031 if certain revenue triggers are met, once again delivering billions of dollars in tax cuts mostly to the rich. And the cost of those tax cuts for North Carolina will be steep cuts to the state’s future, including public education and community colleges.
Axios: Behind the Curtain: A Decades-in-the-Making Immigration War
June 11, 2025
President Trump undoubtedly stands on strong political ground, backed by most Americans, in cases where he's deporting convicted criminals. Now comes a new test, literally 40 years in the making: How comfortable are Americans with deporting millions of immigrants who paid taxes, built families and committed no crimes after coming here illegally?
Center for American Progress: Governors Should Fight for an Economic Agenda To Improve the Lives of Working-Class Residents
June 10, 2025
Governors are uniquely able to advance an economic agenda that reflects the needs of the working class, giving them the opportunity to illustrate a contrast with the Trump administration, whose policies favor billionaires at the expense of working people.
Idaho Center for Fiscal Policy: What You Need to Know About the National Private School Voucher Proposal in the U.S. House Budget Bill
June 10, 2025
Normally, when individuals sell stock, they must pay capital gains taxes on any profit they’ve made. But donors who gift their stock to an SGO wouldn’t have to pay capital gains taxes on any increase in the stock’s value, and they would still get the generous dollar-for-dollar tax credit, yielding a personal profit for themselves.
Georgia Budget and Policy Institute: The House-Passed Reconciliation Bill Would Significantly Increase National Debt, Primarily Benefitting Top Earners, While Cutting Health Care and Food Assistance
June 10, 2025
Overall, the budget reconciliation legislation would reduce federal taxes for Georgians by $16.6 billion annually. However, 69% of these savings ($11.5 billion) are directed to the highest-earning 20% of Georgia households, or those making over $153,100 per year.
The ‘Big, Beautiful’ Bill Creates a $5 Billion Tax Shelter for Private School Donors
June 9, 2025 • By Amy Hanauer
On May 22, Congress passed the House reconciliation bill or “One Big Beautiful Bill Act” by a one-vote margin. The bill’s dozens of destructive tax provisions would supercharge inequality and force devastating cuts to health and food aid that have been bedrocks of the American safety net since the 1960s.
CBS News: Millions of U.S. Kids Could Lose the Child Tax Credit under GOP Budget Bill, Experts Say
June 9, 2025
A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are U.S. citizens or legal residents, according to policy experts.
Newsweek: Child Tax Credit Could Be Stripped from Millions of Children
June 9, 2025
Anew budget proposal that would impose new restrictions on the federal Child Tax Credit could eliminate the benefit for millions of U.S. citizens or legally resident children, policy experts have said.
D.C.’s Budget Crisis Demands Fairer Business Tax System
June 9, 2025 • By Nick Johnson
As the Washington, D.C. region heads toward a likely recession, local policymakers will need to look to new revenue sources to help lessen the pain. In D.C., lawmakers ought to adopt a simple reform that would raise substantial revenue and make the District’s business tax system fairer.
CNN: Trump’s Big Bill Includes an ‘Unprecedented’ Tax Credit for a National School Voucher Program. Here’s How It Would Work.
June 6, 2025
Carl Davis, research director at the Institute on Taxation and Economic Policy, says the program is generous – to say the least. “A dollar-for-dollar charitable donation tax credit is unprecedented at the federal level,” he told CNN in an email.
Injustice Watch: Property-Tax Foreclosure Reform Gets Put Off by Illinois Legislators
June 6, 2025
“It boggles the mind that the state legislature would just keep kicking the can down the road, and you have a crisis on your hands,” said Rita Jefferson, an analyst with the Institute on Taxation and Economic Policy, a nonprofit that advocates for more equitable tax policies.
Congressional Budget Office: Effects of the Surge in Immigration on State and Local Budgets in 2023
June 6, 2025
In this report, the Congressional Budget Office estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023.
Musk-Trump Feud Shows Need to Tax the Rich
June 6, 2025 • By Amy Hanauer
Our tax policies enable people like Elon Musk and Donald Trump to accumulate more wealth than anyone could ever use in a lifetime. They then use it to steer elections and shape public policy to further enrich themselves and others like them. We should defeat the enormously destructive tax bill in Congress and instead craft tax policy that taxes the rich, makes our democracy more fair, and returns resources to the rest of the country.
The American Prospect: Trump’s Beautiful Bill Will Kick 11 Million People Off Their Health Insurance
June 5, 2025
The Congressional Budget Office published its latest estimate of the Republicans’ One Big Beautiful Bill Act on Wednesday. The results are gruesome.
State Rundown 6/5: States Wrap Sessions, Some Prepare for Fiscal Uncertainty
June 5, 2025 • By ITEP Staff
States use the final hours of their legislative sessions to address deficits and preserve revenue in preparation for the times ahead.
U.S. News & World Report: Ignore the Populist Rhetoric. The GOP Tax Bill Exposes their True Colors
June 5, 2025
The tax code is about more than depreciation, deductions, expenses and the things we focus on when we report our income to the IRS every April. It's about who gets the breaks in this country – and what that says about the priorities and values of those who write our tax laws.
Fox News: Educational Choice for Children Act: A Tax Break for the Rich, Not a Lifeline for Students
June 5, 2025
A proposal quietly tucked into the House GOP’s reconciliation package, part of what’s being marketed as President Donald Trump’s "Big, Beautiful Bill," would give wealthy individuals and corporations a 100% federal tax credit for donations to private school scholarship funds.
Roosevelt Institute: It’s Time to End Joint Tax Filing
June 5, 2025
A move to individual filing, making the tax code marriage neutral and reducing tax rates on married women who work, would not only simplify the tax code but make it fairer and increase the ability of married women to participate fully in the economy.
Trump’s Last Tax Cuts Failed Americans Like Me. Let’s Not Repeat the Mistake.
June 5, 2025 • By Brakeyshia Samms
Now as more GOP tax cuts for the rich move through Congress, history is poised to repeat itself. The bill would disproportionately benefit the well-off — and harm the financial well-being of millions of working Americans, including Black women like me.
Amid Economic Uncertainty, Delaware Lawmakers Should Consider Progressive Revenue Proposals
June 4, 2025 • By Miles Trinidad
Delaware leaders cited the ongoing federal tax debate and economic uncertainty amid the Trump administration's tariffs and trade wars as reasons to delay pursuing some of the progressive tax increases that Gov. Matt Meyers proposed in recent months. But just the opposite is needed. Delaware lawmakers should advance tax policies that can simultaneously protect state revenue to fund important priorities and improve tax equity in the state ahead of the approaching fiscal storm.
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