4,361 posts
New ITEP Study: Major Corporations Paid Lowest Federal Tax Rate in Decades Following Trump Tax Cuts
• By ITEP Staff
New ITEP Study: Major Corporations Paid Lowest Federal Tax Rate in Decades Following Trump Tax Cuts 706 profitable corporations paid just 10.4% in current federal income taxes in 2025, while 114 paid nothing at all The nation’s largest and most profitable corporations paid an average federal income tax rate of just 10.4 percent in 2025, […]
New ITEP Analysis: Trump Policies Raise Taxes and Costs for All Income Groups but the Richest 1%
• By ITEP Staff
Price increases, health care tax changes, and the 2025 tax law leave nearly every income group worse off The major tax and economic policies of President Trump’s second term are increasing taxes and household costs for Americans across nearly the entire income spectrum, according to a new analysis from the Institute on Taxation and […]
NEW ANALYSIS: Treasury Rule Could Strip Key Tax Credits from Hundreds of Thousands of Children in Immigrant Families
• By ITEP Staff
A new analysis from the Research to Action Hub for Children in Immigrant Families estimates that a proposed Treasury Department and IRS rule could cause hundreds of thousands of children — most of them U.S. citizens — to lose access to the refundable portions of the Earned Income Tax Credit (EITC) and Child Tax Credit […]
The Iran War’s Higher Gas Prices Now Top $100 Billion for Americans
• By ITEP Staff
This morning, the overall cost to Americans of the Iran War’s higher fuel and energy prices went over the $100 billion mark, according to the continually updated tracker that we launched in May. As of September 24, the average additional cost to American households from the war was $750, which is projected to rise to […]
State Tax Ballot Measures to Watch
• By ITEP Staff
With Election Day less than 2 months away, some of the most consequential state tax policy fights this fall are happening at the ballot box. ITEP is tracking major tax measures across the country that could reshape state tax systems for years to come. Voters will weigh proposals to raise taxes on the wealthiest households […]
New ITEP Analysis: State Income Tax Cuts Are Adding Up to Massive Giveaways for the Wealthy
• By ITEP Staff
A new ITEP analysis examines the extraordinary wave of state income tax cuts enacted since 2020 and how years of repeated, incremental rate reductions are adding up to much larger tax cuts for wealthy households than any single year’s legislation might suggest. A few key findings: States have cut their top personal income tax rates […]
Proposed Tax Credit Restrictions Would Harm Thousands of “Dreamers” and Their Citizen Children
• By ITEP Staff
Affected DACA recipients and their families stand to lose 13% of their average annual income Lawfully present immigrant workers, including the “Dreamers” who were brought to the country as children, would be excluded from critical federal tax credits under regulations being considered by the Trump administration, according to a new brief from the Institute on […]
New ITEP analysis: Six Companies Reaped Record-Setting $83 Billion in Federal Tax Breaks Last Year
• By ITEP Staff
Just six companies received $83 billion in federal income tax breaks in 2025, the latest evidence that corporate tax avoidance has been turbocharged by the 2025 Trump/GOP tax law. This is more than 40% of the $204 billion in 2025 corporate tax breaks we have identified so far. Download Microsoft topped the list with a […]
National Conference of State Legislatures: The State of Sales Tax Holidays
• By ITEP Staff
It’s back-to-school time again, and for many families it’s time to start planning shopping trips to stock up on supplies and new clothes for the coming year. For many states, this means hosting sales tax holidays to assist parents and students with these annual purchases. Sales tax holidays are limited windows of time during which […]
Video: ITEP’s Miles Trinidad Talks Sales Tax Holidays on Texas’ ‘Capitol Tonight’ Show
August 12, 2026
See the clip here:
ITEP Cited in Lawsuit Filed by Advocates and 18 State Attorneys General to Stop IRS-ICE Data Sharing
• By ITEP Staff
Several states filed a legal brief last week urging the courts to side with plaintiffs who have sued the Trump administration in an attempt to have the IRS-ICE data sharing agreement stuck down. The legal brief cites three ITEP reports (see pages 9-10 and 14). Read more
New ITEP analysis: What Federal Tax Policy Can Do About AI
• By ITEP Staff
ITEP has a new brief out today looking at a question that is likely to become increasingly important as AI transforms the economy: What role should federal tax policy play in responding to AI? The report doesn’t endorse a single “AI tax.” Instead, it lays out three broad ways Congress could use the tax code […]
New ITEP State Data Reveal Decades-Long Shift Toward Lower Income Taxes and Higher Sales Taxes
• By ITEP Staff
Since 1990, state lawmakers have cut top personal and corporate income tax rates far more often than they have raised them, shifting more responsibility onto working families State lawmakers have spent the past several decades repeatedly cutting taxes for high-income households and profitable corporations while increasing taxes on consumer purchases, according to a new brief […]
ITEP’s Founding Local Policy Director Tapped for Top City Tax Post in Philadelphia
• By ITEP Staff
Kamolika Das, the founding director of the Institute on Taxation and Economic Policy’s local team, is leaving ITEP to become the Director of Tax Policy and Planning for the City of Philadelphia, where she lives. Das joined ITEP in February 2020 as an analyst on the state policy team before helping to launch the organization’s […]
New Report Urges Congress to Reject Special Tax Breaks for Cryptocurrency
• By ITEP Staff
With lawmakers potentially acting as soon as next week, ITEP warns that crypto should not receive more favorable treatment than other investments, income or financial transactions With lawmakers in Congress potentially moving forward on cryptocurrency tax legislation as soon as next week, a new report from the Institute on Taxation and Economic Policy urges them […]
State Sales Tax Holidays Cost Nearly $600 Million While Doing Little to Help Working Families
• By ITEP Staff
As back-to-school shopping season begins across the country, the Institute on Taxation and Economic Policy has released a new brief examining the costs and effectiveness of state sales tax holidays. While lawmakers often promote these temporary tax breaks as relief for families facing high costs, ITEP’s analysis finds they provide little lasting benefit while draining […]
New Analysis: Amendment 5 Would Raise Taxes on Missouri Families and Seniors to Fund Tax Cuts for the Rich
• By ITEP Staff
Middle-income Missourians could pay hundreds more each year while the state’s wealthiest households receive an average tax cut of nearly $40,000 Amendment 5, which Missouri voters will consider on August 4, would shift a greater share of state taxes onto middle-income families, seniors, and military households while delivering substantial tax cuts to the state’s richest […]
2025 Trump Tax Law One Year In: Who Won, Who Lost, and What Comes Next
• By ITEP Staff
As the one-year anniversary approaches of President Trump signing the so-called “One Big Beautiful Bill Act” (OBBBA) into law on July 4, the Institute on Taxation and Economic Policy is available to help assess the law’s impact, who benefits most, and how the law fits into the broader Trump-GOP tax agenda. ITEP has published national […]
Proposed Tax Credit Restrictions Would Harm Hundreds of Thousands of Working Immigrants Who Pay Taxes
• By ITEP Staff
Affected DACA recipients and their families stand to lose nearly 12% of their average annual income Hundreds of thousands of immigrant workers who file and pay taxes would be excluded from critical federal tax credits under regulations being considered by the Trump administration, according to a new brief from the Institute on Taxation and Economic […]
New from ITEP: Tracking the Iran War’s Higher Gas Prices
• By ITEP Staff
Americans to spend an extra $3.5 billion on fuel over Memorial Day Weekend alone Today the Institute on Taxation and Economic Policy launched a new resource that tracks how much more Americans are spending for gas and diesel fuel due to the Iran War and estimates how much more we will spend as the war […]
New Report Outlines Blueprint for Local Leaders to Raise Progressive Revenue to Fund Communities Amid Severe Federal Cuts
• By ITEP Staff
In the wake of mounting federal budget cuts and soaring wealth inequality, the Institute on Taxation and Economic Policy (ITEP) and the Local Progress Impact Lab have co-authored an in-depth new report designed to equip local policymakers with the tools to make corporations and ultra-wealthy residents pay their fair share. “The task for local elected […]
CNN: DACA Recipients Are Losing Protections and Work Permits as Renewal Delays Surge
May 17, 2026
Marco, 26, graduated from one of the country’s top medical schools last week. He found his calling after witnessing his grandmother battle cancer, and he sometimes worked up to 40 to 60 hours a week to afford his education. That dream is now in jeopardy. Marco is one of the over 500,000 active recipients of […]
DC Fiscal Policy Institute: Restoring Tax Credits Would Benefit Nearly 62,000 DC Children
• By ITEP Staff
The already dire conditions for Black and brown residents and those with low incomes are likely to worsen this year and beyond as the combined harm of federal layoffs on DC’s economy and cuts to vital safety net programs like Temporary Assistance for Needy Families, the Supplemental Nutrition Assistance Program, and Medicaid take effect. Read […]
New Report Details Why Progressives Need a Course Correction on Tax Policy
• By ITEP Staff
The political turbulence and polarization of the past decade requires a strategic shift in how policymakers should approach taxing the wealthiest Americans. That’s the big takeaway from a new report released today by the Institute on Taxation and Economic Policy, which argues that to ensure tax reforms survive ideological hostility from the Supreme Court and […]
New from ITEP: States Could Unlock Up to $27 Billion by Modernizing Outdated Tax Codes to Include Advertising
• By ITEP Staff
States are missing out on billions of dollars in essential revenue by failing to tax the rapidly expanding and evolving advertising industry. Modernizing tax codes to include advertising could raise between $16 billion and $27 billion a year across all states for public services like schools, roads, and healthcare, according to a new report by […]
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