2,364 posts
WHYY News: ‘Every dollar counts’: Critics Say Plan to Increase Fees, Taxes and Tolls Will Disproportionately Hurt Poor Delawareans
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.
Christian Science Monitor: US Economy Faces Reckoning as Some Immigrants Avoid Workplaces
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.
Video: ITEP’s Amy Hanauer Discusses 2025 Tax Bill on Power at Work Blogcast
• By Amy Hanauer
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 […]
League of Women Voters: What’s Happening with Medicaid, Tax Cuts, and Budget Bills?
• By ITEP Staff
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.
EdTrust: The Great American Heist: Taxing Education, Not Billionaires or Corporations
• By ITEP Staff
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.
Economic Policy Institute: How Anti-Worker Policies, Crony Capitalism, and Privatization Keep the South Locked Out of Shared Prosperity
• By ITEP Staff
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.
New Jersey Policy Perspective: Course Correction: Preserving Senior Housing Affordability While Cutting Costs
• By ITEP Staff
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.
The Washington Post: The U.S. is Giving Up on Taxing Inheritances
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.
CNBC: How Senate GOP ‘No Tax on Tips’ Proposal Differs From House Republican Plan
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.
Yahoo Finance: What The Business World Has to Like (and Not) in Senate Version of Trump’s ‘Big, Beautiful Bill’
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.
New York Times: Trump’s Big Bill Would Be More Regressive Than Any Major Law in Decades
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.
MarketWatch: How Trump Wants to Use the U.S. Tax Code to Crack Down on Undocumented Immigrants
June 16, 2025
Unauthorized immigrants paid almost $97 billion in federal, state and local taxes during 2022. Read more.
Trump Megabill’s Deduction for Car Loan Interest Would Not Offset Tariff-Related Auto Price Increases for Most Buyers
• By Carl Davis, Sarah Austin
The auto loan interest deduction that recently passed the House is designed, at least in part, to mitigate the impact of tariff-induced price increases on vehicles assembled in America. But the deduction is incapable of offsetting even small-scale price increases, especially for working-class families and others with moderate incomes.
North Carolina Tax Proposal Prioritizes Millionaires Over Everyone Else
• By Dylan Grundman O'Neill, Miles Trinidad
North Carolina Senators are proposing to yet again ignore the core needs of the majority of North Carolinians in favor of more income tax cuts for the wealthy few. The Senate's budget would take the personal income tax rate to 1.99 percent as soon as 2031 if certain revenue triggers are met, once again delivering billions of dollars in tax cuts mostly to the rich. And the cost of those tax cuts for North Carolina…
Musk-Trump Feud Shows Need to Tax the Rich
• By Amy Hanauer
Our tax policies enable people like Elon Musk and Donald Trump to accumulate more wealth than anyone could ever use in a lifetime. They then use it to steer elections and shape public policy to further enrich themselves and others like them. We should defeat the enormously destructive tax bill in Congress and instead craft tax policy that taxes the rich, makes our democracy more fair, and returns resources to the rest of the country.
Amid Economic Uncertainty, Delaware Lawmakers Should Consider Progressive Revenue Proposals
• By Miles Trinidad
Delaware leaders cited the ongoing federal tax debate and economic uncertainty amid the Trump administration's tariffs and trade wars as reasons to delay pursuing some of the progressive tax increases that Gov. Matt Meyers proposed in recent months. But just the opposite is needed. Delaware lawmakers should advance tax policies that can simultaneously protect state revenue to fund important priorities and improve tax equity in the state ahead of the approaching fiscal storm.
House Bill’s $164 Billion Giveaway to Multinational Corporations Puts America Last
• By Sarah Austin
The House of Representatives’ recently passed tax bill changes course on taxing multinational corporations engaged in shifting U.S. profits overseas, offering massive tax giveaways that weaken American revenues and risk sending more American corporate investment offshore.
House Tax Bill Would Create a Parallel, Harsher Tax Code for Immigrant Filers and their Citizen Family Members
• By Carl Davis, Sarah Austin
Immigrant tax filers face a harsher tax code than citizens in some important respects. Sweeping tax legislation recently passed by the House of Representatives would apply new or stricter limits for immigrant tax filers to 10 additional areas of the tax code.
Analysis of Tax Provisions in the House Reconciliation Bill: National and State Level Estimates
• By Carl Davis, Jessica Vela, Joe Hughes, Steve Wamhoff
The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the richest fifth of Americans would receive two-thirds of the tax cuts. The richest 5 percent alone would receive a little less than half of the net tax cuts that year.
The House Tax Plan, By the Numbers
• By Carl Davis
The House of Representatives unveiled a sprawling piece of tax legislation earlier this week that would extend temporary tax changes enacted in 2017 and layer various kinds of tax cuts and increases on top. The JCT analysis makes clear that the House tax plan would be regressive, meaning it would offer larger tax cuts as a share of income to high-income taxpayers than to either middle-class or working-class families. It also makes clear that most…
House Tax Bill Enlists the Wealthy to Spread Private School Vouchers
• By Carl Davis
The House tax plan cuts charitable giving tax incentives for donors to most nonprofit groups while roughly tripling the incentive available to donors to groups that fund private K-12 school vouchers. The bill would also allow private school voucher donors to avoid capital gains tax on their gifts of corporate stock, creating a profitable tax shelter for wealthy people who agree to help funnel public funds into private schools. The bill would reduce federal tax…
State Rundown 5/7: As Budget Season Heats Up, Tax Proposals Are Getting Serious
• By ITEP Staff
With spring in full bloom ,many state lawmakers are reaching tax policy agreements. Out west, lawmakers in North Dakota and Texas have moved major property tax cuts. Meanwhile, in the east and south, Vermont appears likely to pass an expansion to its Child Tax Credit and Earned Income Tax Credit, and South Carolina lawmakers are aiming to make deep, drastic cuts to the state’s income tax.
Maryland’s New Budget Boosts Tax Revenue and Equity
• By Miles Trinidad
The final budget adopted by the Maryland General Assembly shows progress in advancing tax equity in the state while boosting state revenues to address the state’s budget deficit. To help close a $3.3 billion budget deficit, Maryland legislators enacted much-needed tax reforms and progressive revenue raisers that help meet the state’s needs while making the […]
Trump 2025 Tax Law: Research and Resources
• By ITEP Staff
Want to know more about the tax and spending megabill that President Trump recently signed into law? We've got you covered.
Equitable (and Less Equitable) Washington State Revenue Raisers
• By Dylan Grundman O'Neill
Washington state came into the year with strong tax justice momentum. Lawmakers’ innovative Capital Gains Excise Tax on the state’s highest-income households was upheld by the state and federal Supreme Courts and was overwhelmingly affirmed by voters despite a well-funded repeal effort. The new tax is bringing in much-needed revenue for schools, child care, and […]
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