Institute on Taxation and Economic Policy (ITEP)
667 posts

Private Equity Stakeholder Project: How PE Could Profit From Federal School Voucher Programs While Diminishing Services

• By ITEP Staff

The brief takes a closer look at two areas private equity is expanding into: tutoring and special education services.

Policy Matters Ohio: A Fair Share Tax Could Rebalance Ohio’s Tax Code

• By ITEP Staff

A fair share tax offers Ohio a better path forward. By requiring the state’s highest-income households to contribute in proportion to their ability to pay, it would restore balance to a tax system that has increasingly favored the wealthiest.

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After Two Rounds of Trump Tax Cuts, Corporate America Paid Less Than Ever in 2025

• By Matthew Gardner, Steve Wamhoff, Joe Hughes, Spandan Marasini

In 2025, 706 major American corporations collectively paid a federal income tax rate of just 10.4% on $1.88 trillion in U.S. profits. This is the lowest effective rate that ITEP has uncovered in over 40 years of analyzing corporate income taxes.

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State Rundown 10/22: Despite Obstacles, Progressive Taxes Define 2026

• By ITEP Staff

As more states move to raise revenue and tax the rich, anti-tax lobbyists and lawmakers are hard at work to undo that progress. Despite pushback, important conversations around needed revenue continue.

Institute for the Public Good: A New Path To Transforming Chicago’s Financial Future

• By ITEP Staff

Moving away from false binaries, and creating a pathway with real solutions to solving Chicago's fiscal crisis, while charting a path for growth and increased quality of life for all residents.

HuffPost: Billionaires Have Tricks To Avoid Paying Their Fair Share Of Taxes. This Ballot Measure Would Change The Game.

October 21, 2026

It would be the first of its kind in the country — and set a new benchmark for other states.

MarketWatch: It’s Not Just California’s Billionaire Tax. Wealth Is on the Ballot in the Midterm Elections

October 21, 2026

Several states are dealing with ballot measures tied to taxing the rich — and there may be even more initiatives on this front in 2028

BBC News: How is the US Economy Really Doing Under President Trump

October 20, 2026

While the overall US economy is faring better than many expected after Trump launched his sweeping "Liberation Day" tariffs in 2025, there's evidence those import taxes and the impact of the US-Israel war with Iran have pushed up inflation, with the harmful effects felt by most American households

New York Times: Opinion | Trump Can No Longer Mask His Real Agenda

October 20, 2026

Those claims, however, mask his real agenda: to protect and enhance the wealth and income of the superrich — most importantly himself — while leaving driblets behind for the struggling working class.

NPR: Can the New Federal Voucher Program Help Public Schools? Democrats Are Torn

October 20, 2026

Democrats and public school advocates have until the end of the year to make a tough decision.

Center on Budget and Policy Priorities: Ballot Measures Restricting State Revenues and Citizen Initiatives Would Impede Needed Investments and Supports

• By ITEP Staff

Voters across the country will decide state ballot measures in the November elections that would reduce state lawmakers’ ability to raise revenue, restrict local governments’ agency to set their own tax policies, and limit voters’ ability to enact policies directly through citizen initiatives.

DC Fiscal Policy Institute: DC Can Raise Nearly $200 Million With a Simple Tax on Proceeds from Wealth

• By ITEP Staff

To solve DC’s mounting budget crisis without deepening entrenched racial and economic inequalities, DC lawmakers should tax DC’s extreme concentration of wealth to help turn the fiscal tide.

New York Times: Corporate Tax Revenue Falls Even as Profits Soar Under Trump

October 19, 2026

The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.

USA Today: Trump’s Policies Raised Costs for All But the Top 1%, Report Says

October 19, 2026

The Trump administration’s economic policies have driven up taxes and costs for all but the wealthiest 1% of Americans, according to a new analysis from an economic think tank. 

Washington Post: 7 Ways the D.C Council Is Weighing Increasing Taxes

October 19, 2026

The D.C. Council is considering several tax proposals as the city faces a major fiscal cliff.

Policy Matters Ohio: Capital Gains Tax Cuts Benefit Few Ohioans, Harms Far More

• By ITEP Staff

Ohio House Bill 617 would eliminate state and local taxes on capital gains. Fewer than 1 in 5 Ohio tax filers would benefit from a capital gains tax cut, and those benefits would primarily go to a small number of high-income households. The resulting loss of state revenue could limit funding for public investments that contribute to long-term economic growth and opportunity for all Ohioans.

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Testimony: ITEP’s Nick Johnson weighs in on revenue options for the District of Columbia

• By Nick Johnson

A D.C. Business Activity Tax, or BAT, meets commonly held standards for sound tax policy.

The Independent: Trump Team Under Fire for Delaying IRS Report on the Impact of His Tax Cuts: ‘I think They’re Hiding Stuff’

October 15, 2026

Data from missing reports under IRS chief Frank Bisignano could be embarrassing to Republicans running on Trump’s One Big Beautiful Bill.

Immigration Research Initiative: ICE Spike Means 32,000 Fewer Jobs in Minnesota

• By ITEP Staff

It is increasingly clear that the program of mass deportation being carried out by the current administration is hurting American workers, both immigrants and those born in the United States. Nowhere has this been more stark than in Minnesota. In the peak months of December 2025 through February 2026, the massive surge in ICE arrests ripped people away from their families, their jobs, and their communities. A shocking nearly 4,000 arrests took place in Minnesota…

Pennsylvania Senate Democrats: Senator Kearney Introduces Constitutional Amendment to Repeal Uniformity Clause, Expand Options for Tax Fairness in Pennsylvania

• By ITEP Staff

Senator Tim Kearney (D-Delaware) is introducing legislation to amend the Pennsylvania Constitution by repealing the Uniformity Clause, a provision that locks Pennsylvania into one of the nation’s most regressive tax systems and prevents lawmakers from pursuing tax policies that better support working families and small businesses.

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State Rundown 10/8: Ballot Debates and Gas Tax Promises Accelerate as Election Day Nears

• By ITEP Staff

As the Iran War continues to cause gas prices to rise across the country, lawmakers are stepping on the accelerator instead of pumping the brakes on costly and ineffective proposals to suspend the gas tax ahead of the November election.

Policy Matters Ohio: Gas Tax Holiday Won’t Make Ohio Affordable; Legislators Have Better Options

• By ITEP Staff

The gas tax holiday is poorly targeted tax policy that provides too little relief to the people who need it most, drains crucial resources from the state budget, and fails to confront one of the primary drivers of the affordability crisis: inadequate wages for working people. Ohioans need relief. They also deserve better than a temporary tax gimmick.

American Civil Liberties Union: 76 Ways Mass Deportation Is Breaking Our Democracy

• By ITEP Staff

This report traces 76 ways the Trump administration has used the mass deportation agenda to undermine America’s multiracial democracy and civil rights and liberties.

MS NOW cites ITEP’s fuel price tracker

October 6, 2026

The Iran War has significantly raised energy prices. The Last Word on MS NOW highlights our interactive fuel price tracker that shows how much Americans have paid as a result.

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ITEP Comment on Tax Credit Restrictions for Immigrants

• By Carl Davis, Emma Sifre

This proposal would bar a variety of immigrant tax filers from receiving the refunded portion of the Earned Income Tax Credit (EITC), Additional Child Tax Credit (ACTC), American Opportunity Tax Credit (AOTC), and Adoption Tax Credit.