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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

According to the Institute on Taxation and Economic Policy, at least 88 of some of the largest corporations—including Tesla, Coinbase, and Palantir—made more than $105 billion in 2025. But they paid zero dollars in federal income tax because of the Republican’s One Big Beautiful Bill Act. Collectively, billionaires added $1.5 trillion to their wealth in 2025 […]

Among the excerpts from Rep. DeLauro: Our tax system is broken. Working families are forced to pay far more in taxes as a percentage of their wealth, while massive, multi-billion dollar companies routinely game the system to avoid paying any taxes at all. The Institute on Taxation and Economic Policy (ITEP) just released a report […]