4,362 posts
New York Times: Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit.
December 31, 2025
Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings. Read more.
The Associated Press: Treasury Plans To Change Tax Credit Eligibility In a Move Critics Say Will Hurt Immigrant Taxpayers
November 21, 2025
The U.S. Treasury Department said Thursday it plans to reclassify certain refundable tax credits as “federal public benefits,” which will bar some immigrant taxpayers from receiving them, even if they file and pay taxes and would otherwise qualify. Read more.
The Nation: Texas Republicans Are Doubling Down on Banning Capital Gains Taxes
October 31, 2025
If passed, the constitutional amendment would lock out a potential source of future state funding and disproportionately benefit wealthy households. Read more.
New Report Shows How States Can Raise Billions by Taxing the Wealthy
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) Taxing the proceeds generated by wealth – such as capital gains, dividends, and passive business income – through a new Wealth Proceeds Tax is a simple way for states to raise billions in new revenue and improve the fairness of their tax systems, according to a new report by the Institute […]
New Report: Five States with the Biggest Tax Cuts for Millionaires in 2025
• By ITEP Staff
Contact: Jon Whiten (ITEP) jon@itep.org A new analysis from the Institute on Taxation and Economic Policy (ITEP) reveals that five states—Kansas, Mississippi, Missouri, Ohio, and Oklahoma—enacted the most significant income tax cuts for millionaires in 2025, collectively reducing state revenues by more than $800 million in 2026 and an estimated $2.2 billion a year once […]
ITEP Launches Guide to State & Local Taxes
• By ITEP Staff
Looking to understand how state and local tax systems work – and how they affect economic and racial inequality? The new ITEP Guide to State & Local Taxes breaks down key concepts like the difference between flat and graduated income tax rates, the kinds of taxes local governments can levy, and much more. The guide […]
Local Child Tax Credits: The Next Frontier in the Reduction of Child Poverty
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) Child Tax Credits have been the focus of increased lawmaker attention over the past few years, especially following the dramatic success of the 2021 federal CTC expansion in reducing child poverty and the subsequent resurgence of pre-pandemic child poverty levels. While 15 states now supplement the federal credit with their own […]
Testimony: ITEP’s Eli Byerly-Duke Discusses Oklahoma’s Child Tax Credit in Senate Revenue and Taxation Committee Hearing
• By Eli Byerly-Duke
On September 30, 2025, ITEP Policy Analyst Eli Byerly-Duke appeared before Oklahoma’s Senate Revenue and Taxation Committee to discuss potential improvements to the state’s Child Tax Credit. Check out his slide deck here. Read a press release about the hearing here.
Sarah C. G. Christopherson
• By ITEP Staff
Sarah C. G. Christopherson is a senior advisor to progressive nonprofits who has two decades of experience working for and with Congress and the Executive Branch to achieve progressive victories across a host of issues. She specializes in tax, budget, and health policy. Her past roles include legislative and policy director for Americans for Tax […]
State Tax Credits Continued to Grow in 2025
• By ITEP Staff
A pair of new briefs from the Institute on Taxation and Economic Policy (ITEP) illustrate the growing power of state Earned Income Tax Credits (EITCs) and Child Tax Credits (CTCs). In all, we find: Nearly two-thirds of states (31 plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit (EITC). These […]
New from ITEP: Poorest 40% of Americans Would See 2026 Tax Hike from Megabill Under ‘Current Policy Baseline’
• By ITEP Staff
A new report released today by the Institute on Taxation and Economic Policy explains how individuals and families will see their taxes change in 2026 as a result of the new law, using the “current policy baseline.” Key findings: The megabill will raise taxes on the poorest 40 percent of Americans, barely cut them for […]
New from ITEP: Gimmicky Sales Tax Holidays to Cost States & Localities $1.3 Billion This Year
• By ITEP Staff
Over the next month, 15 states will temporarily exempt a range of products from sales tax, joining one that held its sales tax holiday earlier this summer and two that do so a little later in the year. While these temporary suspensions may have some surface appeal, they have many significant downsides, as we explain in […]
Anti-Tax Revolts Backfire: New ITEP Report on the Failure of 50 Years of Property tax Limits
• By ITEP Staff
With home values rising across the country, some residents are increasingly unhappy with their rising property tax bills. As legislators search for solutions, it is important to realize we have been here before — and we know what does not work. The last time states were persuaded to “fix” their property taxes by passing tight […]
How Much Would Every Family in Every State Get if the Megabill’s Tax Cuts Given to the Rich Had Instead Been Evenly Divided?
• By Michael Ettlinger
If instead of giving $117 billion to the richest 1 percent, that money had been evenly divided among all Americans, we'd each get $343 - or nearly $1,400 for a family of four.
GOP Megabill Breaks America’s Promise to Future Generations
• By Amy Hanauer
This country’s biggest historical challenge has been delivering this progress to all Americans, but Republicans have cut it back for everyone, retreating from many 20th century achievements in ways that will slam doors, rather than opening them, for the next generation.
New Analysis from ITEP: There Were Far Cheaper & Fairer Options Than the Trump Megabill
• By ITEP Staff
President Trump this weekend signed into law a massive tax and spending megabill that will reduce revenue by around $570 billion in 2026 and mainly help the richest Americans and foreign investors. As a new report from ITEP details, Congress and the president could have spent less than half that much money on a tax bill […]
Analysis of Tax Provisions in the Trump Megabill as Signed into Law: National and State Level Estimates
• By Steve Wamhoff, Carl Davis, Joe Hughes, Jessica Vela
President Trump has signed into law the tax and spending “megabill” that largely favors the richest taxpayers and provides working-class Americans with relatively small tax cuts that will in many cases be more than offset by Trump's tariffs.
Video: ITEP’s Amy Hanauer Discusses Megabill on BreakThrough News
July 6, 2025
ITEP Executive Director Amy Hanauer appeared on BreakThrough News’ The Freedom Side live on Thursday, July 3 to discuss the tax and spending megabill moving through Congress.
Trump Turns Back the Clock on American Progress by Signing Megabill into Law
• By ITEP Staff
This afternoon President Trump signed the tax and spending megabill into law. See below for a statement from ITEP and related resources. STATEMENT FROM JON WHITEN, DEPUTY DIRECTOR OF THE INSTITUTE ON TAXATION AND ECONOMIC POLICY: “With the tax and spending megabill that was signed into law today, Donald Trump and Congressional Republicans are turning […]
Megabill Is On its Way to Trump: Here’s What its Tax Changes Mean for Families Across the U.S.
• By ITEP Staff
The House of Representatives today narrowly passed a massive tax and spending reconciliation bill that now heads to President Trump’s desk. Please see below for a statement from ITEP and our latest updated analysis of how the bill’s tax provisions will affect families at different income levels nationally and in every state. STATEMENT from AMY […]
Megabill Takes Cap Off Unprecedented Private School Voucher Tax Credit, Potentially Raising Cost by Tens of Billions Relative to Earlier Version
• By Carl Davis
It is clear that this tax credit has the potential to come with an enormous cost if private school groups are successful in convincing their supporters to participate. In these times of very high debt and deficits, this is reason for all of us to be uneasy.
Houston Chronicle: The Biggest Winners in Texas from Trump’s ‘Big, Beautiful Bill’
July 1, 2025
Most every Texan stands to see at least some benefit from the tax cuts at the heart of President Donald Trump’s “big, beautiful bill.” But the biggest benefits are geared toward the wealthiest people, who will not only continue to enjoy hefty tax cuts but also gain access to a host of new tax breaks of […]
ITEP Statement: Senate-Passed Megabill Makes History in Appalling Ways
• By ITEP Staff
Today the Senate passed the tax and spending megabill, sending it to the House. See below for a statement from ITEP as well as our analyses of the tax impacts of the legislation. STATEMENT from AMY HANAUER, EXECUTIVE DIRECTOR OF THE INSTITUTE ON TAXATION AND ECONOMIC POLICY: “This abominable bill will make history – in […]
NEW: ITEP Analysis of Senate Tax Bill Shows Windfall for the Wealthy, Not Much for the Rest
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) With Senate Republicans hoping to hold a vote soon on their version of the tax and spending package passed by the House last month, a new national and state-by-state analysis from the Institute on Taxation and Economic Policy (ITEP) finds that, like the House-passed bill, the Senate proposal favors the richest […]
Alabama Sunsets its Expensive ‘No Tax on Overtime’ Policy
• By Neva Butkus
The idea of exempting overtime pay from income tax has gained traction, but there's little evidence it's an effective policy. Alabama tried it in 2023 but ended the policy after just two years. Their reversal highlights how exempting overtime is an expensive gimmick and a distraction from real worker issues.
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