Institute on Taxation and Economic Policy (ITEP)
Repealing North Carolina’s Corporate Tax is an Even Worse Idea Than You Think

North Carolina’s corporate tax cuts aren’t an incentive for economic growth. They’re a windfall for multinational companies that happen to sell into our state, regardless of whether they’ve made any meaningful investments here or not.

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NYC and Montana Lead the Way on Second-Home Taxes

June 1, 2026 • By Rita Jefferson

NYC and Montana Lead the Way on Second-Home Taxes

Second home taxes make a lot of sense for communities struggling with housing costs for full-time residents. They can raise real revenues too, which can be used to support further affordable housing development.

Major Oil and Gas Corporations Pay Little in U.S. Tax

The oil and gas industry has long been known for widespread tax avoidance. Now, thanks to new disclosure rules, we have a better picture of how this occurs.

NPR: Trump Wants a Gas Tax Holiday. There’s a Much Bigger Problem Looming.

May 29, 2026

President Trump has called for a temporary waiver of the federal gas tax, which costs drivers 18.4 cents per gallon.

As Inequality Grows, More States Look to Tax the Rich

From surcharges on the income of high-earners to higher taxes on second homes, here are recent steps states have taken to tax the rich.

Video: ITEP’s Amy Hanauer Discusses Inequality in the Tax Code with the Center for Economic and Policy Research

Dean Baker sits down with Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, to expose how loopholes like carried interest were deliberately built to protect fortunes and make working people foot the bill. The result is a rigged system that keeps rewarding wealth and punishing work.

Associated Press: Memorial Day: Higher Fuel Prices Have Some Americans Scaling Back Their Travel Plans

May 22, 2026

That kind of calibration is shaping the summer travel season, which gets its traditional start in the U.S. with the long Memorial Day holiday weekend. Higher fuel prices resulting from the Iran war and other inflationary pressures are making most forms of travel costlier as people in many parts of the world form their plans.

Jeff Bezos’ Amazon Received Almost 10 Percent of Corporate Tax Subsidies Last Year

Amazon received $17.5 billion in tax subsidies in 2025. That’s about 10% of all federal income tax subsidies for publicly traded corporations in 2025.

USA Today: Jeff Bezos says these Americans should pay ‘zero’ federal taxes

May 21, 2026

His comments come at a moment when some cities and states are proposing higher taxes on the rich.

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Video: The growing cost of higher gas prices.

May 21, 2026 • By Marcus Rojas

Video: The growing cost of higher gas prices.

The Iran War has significantly raised energy prices. See our tracker here.

CNBC: Jeff Bezos Says Bottom Half of Earners Should Pay Zero in Income Taxes

May 21, 2026

Amazon Executive Chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners.

The Independent: ‘Dirty Deal’: Trump Bailed Himself Out of IRS Trouble and Got a $1.8B ‘Slush Fund’ for Allies. Legal Experts Sound the Alarm

May 21, 2026

After Donald Trump sued his own administration for $10 billion, pitting his personal lawyers against the Department of Justice, the president was gifted a broad, single-page document that gives him sweeping immunity from tax crimes.

State Rundown 5/21: A Flurry of Tax Decisions as Legislatures Wrap

As more legislative sessions come to an end, states are making final decisions on tax and budget policies.

The ‘Black Women Best’ Framework: An Innovative Method for Showing How Inheritance Taxes Affect the Racial Wealth Gap

The approach posits that if policies improve the economic wellbeing of Black women, they will benefit the broader economic health of the rest of the population.

High Gas Prices Weigh on Americans as Summer Travel Season Begins

As of May 19, Americans have already spent $39 billion more for motor fuel (both gasoline and diesel) because of the Iran War. This number is growing by the day.

Video: Any plans to tax the ultra-rich should include this.

If we want to get serious about taxing the ultra-rich, focus on corporate tax reforms that are hard to undermine.

State Rundown 5/14: Fund Priorities or Increase Shortfalls?

As many legislative sessions end, lawmakers are revealing their priorities.

Video: Building a Resilient and Progressive Corporate Tax

The Institute on Taxation and Economic Policy (ITEP) hosted a press briefing to discuss how federal lawmakers can build a resilient and progressive corporate income tax system. The briefing is tied to the release of ITEP’s new report, A Resilient Framework for Corporate Tax Reform.

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The Bears Bill Is Bad by Design. Here’s How.

May 13, 2026 • By Rita Jefferson, Amanda Kass, Kristan Wong Karinen

The Bears Bill Is Bad by Design. Here’s How.

State lawmakers are debating whether to subsidize a new Chicago Bears stadium in Arlington Heights, but this bill creates a new statewide property tax cut program for large development projects.

Progressives Need a Slight Course Correction on Tax Policy

Corporate tax reforms should be the backbone of any progressive tax agenda and should be counted on to remain if other changes to our tax code are later thwarted by any of the three branches of government.

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A Resilient Framework for Corporate Tax Reform

May 13, 2026 • By Steve Wamhoff

A Resilient Framework for Corporate Tax Reform

The next time Congress is serious about making the wealthiest pay their fair share in federal taxes, they will need to make three key changes to the federal corporate income tax so that it applies effectively to all the businesses that generate their income.

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Video: The cost of Missouri’s tax plan.

May 8, 2026 • By ITEP Staff

Video: The cost of Missouri’s tax plan.

Missouri voters will get to decide whether to raise sales taxes to eliminate the state's income tax.

Taxing Advertising Would Modernize State Sales Tax Bases for the Information Age

Most states questionably exempt advertising from sales taxes. States that extend their sales taxes to advertising and/or enact an excise tax stand to raise billions in revenue while correcting a structural bias in their tax codes that implicitly subsidizes some of the most profitable corporations in human history.

State Rundown 5/7: Federal Showers Make States Dour

The effects of last year’s federal tax and spending cuts continue to ripple through the states. With gas prices soaring due to the Iran war, some states are attempting to provide a bit of relief in the form of gas tax reductions and suspensions.

New EITC Proposal Would Help Families Dealing with Rising Costs

A new proposal in Congress to expand the Earned Income Tax Credit (EITC) would help families with the costs of raising children. The Working Parents Tax Relief Act is one of the latest approaches to help working-class families deal with an ongoing affordability crisis.