667 posts
TurboTax Maker Intuit Paid Zero Federal Income Tax in 2025
• By Joe Hughes
TurboTax maker Intuit reported nearly $6 billion in U.S. profits in 2025 and paid no federal income tax. Instead, the company received a refund, thanks in part to new tax breaks from OBBBA.
State Rundown 9/10: States Brace for (and in Some Cases Embrace) Ballots and Budgets
• By ITEP Staff
States across the country will consider a host of ballot measures that could reshape the fairness and adequacy of their states’ tax systems, while other states are receiving budget forecasts that could further shape upcoming policy debates.
DC Fiscal Policy Institute: Five Principles for Strong DC Tax Policy
• By ITEP Staff
Lawmakers can use this moment to advance a more progressive and racially-just tax system by evaluating tax proposals across five dimensions: equity, adequacy and stability, simplicity, neutrality, and accountability.
North Carolina Budget & Tax Center: Income tax limits would deepen racial inequity in NC
• By ITEP Staff
This November, North Carolinians will vote on a constitutional amendment that would limit the state income tax rate to 3.5 percent both for personal and corporate income taxes, a significant decrease from 7 percent, which was the maximum rate approved by voters in 2018.
How the 50 Largest American Cities Raise Revenue and What That Means for Tax Equity
• By Rita Jefferson, Nick Johnson, Galen Hendricks
Large cities have the technical capacity, the economic base, and often more political might than smaller localities and governments that local officials should utilize to design fairer tax systems.
Video: ITEP’s Carl Davis Discusses Failure of Missouri Income Tax Repeal
September 8, 2026
ITEP’s Research Director Carl Davis discusses Missouri’s proposal to eliminate the state income tax and why voters have overwhelmingly rejected it. You can watch the video here and read our analysis here.
Responsible Statecraft: On This Labor Day, Trump Offers No Sympathy to Working Americans
• By ITEP Staff
The president's war has jacked up energy prices, including gas and the diesel used to transport goods, and his White House appears not to care.
2026 State Tax Ballot Measures to Watch
• By Aidan Davis
This fall, voters across the country will consider a host of ballot measures that could reshape the fairness and adequacy of their states’ tax systems. Here’s some of what we’re following.
Critical Public Health: Fiscal Reform Under the “One Big Beautiful Bill” and It’s Public Health Implications
• By ITEP Staff
The ‘One Big Beautiful Bill’ is framed by its proponents as the largest middle-class tax cut in U.S. history and a catalyst for economic growth. Yet, beneath the marketing of ‘jobs, tax cuts, and American prosperity’, the legislation conceals sweeping rollbacks of Medicaid, food assistance, education, reproductive care, and expanded immigration enforcement, alongside tax windfalls for venture capital and immigration enforcement.
The Biggest Winners from Trump’s Tariff Refunds are Big Corporations
• By Matthew Gardner
The Trump administration has been forced to pay out over $100 billion from illegal tariffs, and the biggest winners from these tariff refunds have been big corporations.
Video: ITEP’s Miles Trinidad Discusses Downsides of Florida’s Sales Tax Holiday
September 2, 2026
Florida is entering into one of its biggest sales tax holidays for hunting, fishing, and camping, with state officials projecting consumers to save around $40 million this year.
Detroit Free Press: John James Wants to Ax Income Tax. Experts See Cuts, Boon for Wealthy
August 31, 2026
The income tax helps fund schools, Medicaid, prisons, state police and more. Eliminating it would entail a massive overhaul of public services and benefit the wealthiest Michiganders, according to fiscal and tax policy experts.
State Rundown 8/27: Tax Policy is Cool as Summer Wraps
• By ITEP Staff
With many state legislatures already adjourned, developments in tax policy have slowed.
Maryland Digital Advertising Ruling Shouldn’t Stop Other States from Considering Ad Taxes
• By Nick Johnson
Consumers are increasingly bombarded with advertisements based on our personal data. This explosion in targeted advertising is leading state policymakers to revisit the tax treatment of advertising, which has long been exempt from sales tax.
Relentless State Income Tax Cuts Add Up to Massive Giveaways for the Wealthy
• By Sarah Austin
Today's state income tax cutting is defined less by sweeping one-time reforms than by sustained campaigns to ratchet down income tax rates year after year. This approach enables lawmakers to enshrine significant long-term reductions into law, while obscuring the fiscal impact by spreading it across multiple state budgets and legislative cycles.
NPR: U.S. Businesses Are Getting Tariff Refunds. Will Customers Get Any Money Back?
August 25, 2026
"It's all just a giant transfer from consumers to corporations, which - you can't really design a worse tax than that."
Seattle Times: We’re No. 1 – for Corporate Tax Breaks
August 24, 2026
"It's the biggest we've ever seen for one company," says Matthew Gardner, a senior fellow for the Institute on Taxation and Economic Policy. "It's a turbocharged amount. It's more than triple the previous record."
The Trump Administration Slashed Taxes for H&R Block and Raised Costs for Tax Filers
• By Joe Hughes
Tax-prep giant H&R Block paid no federal taxes on its U.S. income in 2025. It also made a public disclosure, required by the European Union, characterizing one-third of its global profits as earned in Ireland, a low-tax country where the company offers no tax services and has only 15 employees.
Five Things to Know About the Trump Administration’s New Effort to Deny Tax Credits to Lawfully Present Immigrants
• By Carl Davis
Today the Trump administration proposed new regulations seeking to drastically reduce the tax credits that certain immigrant tax filers can claim. The affected credits include the Earned Income Tax Credit (EITC), Additional Child Tax Credit, American Opportunity Tax Credit, and the Adoption Tax Credit.
Video: ITEP’s Amy Hanauer Explores Tax Fairness on Story in the Public Square
August 19, 2026
It’s been said that the only things certain in life are death and taxes. But Amy Hanauer of the Institute on Tax Policy and Economic Policy says that for some, taxes might not be on that list anymore—with societal implications for us all. She’s discussing that this week with host Jim Ludes this week on […]
Institute for Policy Studies: A Perfect Storm: How Federal Policy Changes Are Increasing Economic Insecurity for America’s Families
• By ITEP Staff
This report examines how recent policy changes in healthcare, food assistance, housing, and immigration are affecting families and communities, while also outlining what to expect in the coming year.
Podcast: ITEP’s Amy Hanauer Discusses Tax Inequality on Civic Lens
August 18, 2026
Corporate taxes, economic inequality & who pays for government.
Institute on Taxation
and Economic Policy
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.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.