Institute on Taxation and Economic Policy

TIME: How Giant Corporations Can Still Get Out of Paying Taxes

October 23, 2023

For decades, multinational corporations—especially those based in the U.S.—have funneled billions of dollars in profits to tax havens, earning even more money for their shareholders. Read more.

ITEP’s Carl Davis: Who Pays New Mexico Taxes?

October 22, 2023

ITEP Research Director Carl Davis gave a presentation on New Mexico’s tax system to that state’s Revenue Stabilization and Tax Policy Committee on October 19, 2023. Click here for the slide deck.

Every Texan: Proposition 3 Will Maintain Texas’ Extreme Wealth Inequality

October 21, 2023

We all benefit when everyday Texans, regardless of where we live or what we look like, have a fair opportunity to prosper. Contrarily, a state tax system designed to favor the ultra-wealthy undermines all of us. In Texas, the wealth gap is so extreme that 66 billionaires living in the state own more wealth than 70% […]

Video: Tax Policy Experts Warn Indiana Tax Force Drastic Cuts Could Hurt Lowest-Earning Hoosiers

October 21, 2023

As Indiana seems poised to restructure its tax system in the next few years, some policy experts are urging the State and Local Tax Task Force not to make drastic cuts to the state’s individual income tax. Read more and watch the video featuring ITEP’s Neva Butkus here.

Testimony of Neva Butkus Before the Indiana State and Local Tax Review Task Force

October 20, 2023

Today ITEP State Policy Analyst Neva Butkus presented to the Indiana State and Local Tax Review Task Force. For a related blog from Neva, click here. For her slide deck, click here. Good morning members of the State and Local Tax Review Task Force, Thank you for providing me the opportunity to share ITEP’s findings […]

Wall Street Journal: How Will States Pay for Roads When Gas Taxes Evaporate?

October 20, 2023

As electric vehicles become more popular and gasoline sales decline, governments are struggling to find new ways to fund infrastructure. Read more.

Meaningful investments in Indiana’s future require a smart, and fair, tax code that recognizes current economic realities and can raise a sustainable stream of funding  from those most able to pay.

St. Louis Magazine: Why Can’t St. Louis City Tax People Like 94 Percent of U.S. Localities Do?

October 17, 2023

Even if the city wanted to scrap its 1% earnings tax and make the property tax dominant—as it is nationwide—conservative state laws block it. Read more.

Large and Growing Tax Gap Underscores the Need to Adequately Fund the IRS

New figures released show the difference between what Americans paid and owed in taxes grew to $688 billion in 2021, a significant jump from previous estimates. This new data underscores that last year’s boost to IRS funding under the Inflation Reduction Act was absolutely necessary and should be protected by lawmakers.

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The Moore Case Before the U.S. Supreme Court Could Widen the Racial Wealth Gap

October 17, 2023 • By Brakeyshia Samms, Moore v. United States

The Moore Case Before the U.S. Supreme Court Could Widen the Racial Wealth Gap

Moore v. United States, already a cause for concern for tax lawyers, could create more barriers for racial equity advocates working to reverse the economic plight of many households of color.

Tulsa World: Eliminating State Income Tax Faces Same Challenges It Did More Than Two Decades Ago

October 16, 2023

More than 20 years ago, during Frank Keating’s second term as governor, he proposed replacing the state’s individual income tax, its sales tax on groceries and its business franchise tax with a 5.9% tax on some 200 additional business activities, from hair cuts to house sales. Oklahomans liked the idea of no income tax, but […]

Forbes: Mapping Billionaire Wealth: Where The Richest Americans Live Now Vs. Two Decades Ago

October 15, 2023

Extreme wealth has been consolidating in the United States. Read more.

The Street: Here’s Why Microsoft is Trying to Get Out of Paying its Massive Tax Bill

October 13, 2023

Corporate tax evasion has become a much more prominent piece of the discussion as Americans have struggled under high inflation, rising energy and home prices. Read more.

The American Prospect: Can States Plug Gaps in Federal Policy?

October 10, 2023

Expansion of the Child Tax Credit is blocked in Washington, but many states are partly helping. They can do only so much. Read more.

Arkansas Democrat Gazette: State’s Tax Relief Not Created Equal

October 10, 2023

For the second consecutive special session in about 13 months, the Arkansas General Assembly last month approved a temporary nonrefundable income tax credit for low-income and middle-income taxpayers as part of a tax cut package that permanently trimmed the state’s top individual and corporate income tax rates. Read more.

CNBC: Supreme Court Tax Case Could Have Sweeping Federal Policy Effects, Experts Say

October 6, 2023

As the Supreme Court starts a new term, experts are closely watching a case that could have sweeping effects on the U.S. tax code, including corporate revenue and future wealth tax proposals. Read more.

Video: ITEP’s Matt Gardner Discusses IRS Funding & ‘U.S. v. Moore’ SCOTUS Case on The Rick Smith Show

October 2, 2023

ITEP Senior Fellow Matt Gardner joined Rick Smith to discuss, among other things, our new report Supreme Corporate Tax Giveaway: Who Would Benefit from the Roberts Court Striking Down the Mandatory Repatriation Tax?.

ITEP’s Andrew Boardman: The State of Local Taxes in Alaska

October 1, 2023

In late September, ITEP Local Policy Analyst Andrew Boardman presented on the state of local taxes in Alaska to the Presentation at the Alaska Municipal League 2023 Tax Conference. Click here for the slide deck.

Policy Matters Ohio: Ohio Needs a Property-Tax Circuit Breaker

October 1, 2023

Sharp rises in home assessment values are bringing property-tax relief to the forefront at the Statehouse in Columbus. While various bills may provide a partial answer to the property tax squeeze being felt by some Ohioans, there is a better solution. It’s one that has been embraced by states across the country: A property-tax circuit […]

Capital & Main: Some States Are Fighting Rising Child Poverty With Tax Credits

October 1, 2023

New Mexico is one of 10 states that have created or expanded child tax credits after Congress let a federal program expire. Read more.

Axios: How the Supreme Court Could Grant $271 Billion in Tax Relief

October 1, 2023

A court case on this term’s Supreme Court docket could end up granting 400 of America’s largest corporations some $271 billion in tax relief, per new calculations from the Institute on Taxation and Economic Policy. Read more.

Newsweek: Supreme Court May Upend the U.S. Tax Structure

September 29, 2023

An upcoming case that will be heard by the Supreme Court could potentially have far-reaching implications on the United States tax structure, according to a new report. Read more.

Government Shutdown is Rooted in Hypocrisy, Dysfunction, and, As Always, Tax Cuts for the Rich

The priorities in this shutdown drama couldn’t be clearer. House Republicans once again threaten the financial security of the millions of Americans to exact cuts to programs like Head Start, the Social Security Administration, and the EPA – all while seeking unaffordable tax cuts for multinational corporations, the wealthy, and foreign investors.

The Lever: Justices Have Financial Interest In Major Tax Case

September 27, 2023

John Roberts and Samuel Alito own shares of companies that could score billions in tax relief from the outcome of Moore v. United States. Read more.

Later this year, the Supreme Court will hear Moore v. United States which could become the most important tax case in a century.