November 25, 2025
We are in the midst of what many are deeming the largest transfer of wealth in U.S. history from Black, brown and poor communities to the ultra-wealthy. The Institute on Taxation and Economic Policy (ITEP) estimates that Trump’s 2025 federal tax cuts will result in the richest 1% receiving $117 billion in tax cuts in 2026 alone.
Quoted Staff Member
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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