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 […]
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.
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.
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.
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.
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.
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.
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.
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 […]
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.
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.
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.
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.
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.
June 18, 2025
However, the Senate proposal is different from the House version in two key ways, Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy, wrote in an e-mail. Read more.
June 17, 2025
Amy Hanauer, executive director of the left-leaning Institute on Taxation and Economic Policy, reacted to the released proposal by saying that “the emerging clean energy economy will be curtailed and for what?” “Our communities will be worse off as a result of this legislation,” she added. Read more.
June 16, 2025
The Republican megabill now before the Senate cuts taxes for high earners and reduces benefits for the poor. If it’s enacted, that combination would make it more regressive than any major tax or entitlement law in decades. Read more.
June 16, 2025
Unauthorized immigrants paid almost $97 billion in federal, state and local taxes during 2022. Read more.