Institute on Taxation and Economic Policy

New York Times: Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans

October 7, 2024

Former President Donald J. Trump’s economic proposals could inflame the nation’s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee’s plans. Read more.

Education Week: How States Use Tax Credits to Fund Private School Choice: An Explainer

October 7, 2024

Most of the biggest recent developments in the world of private school choice have centered around education savings accounts, a twist on the private school voucher that parents can spend on tuition, fees, and a wide range of other costs tied to their students’ learning outside the traditional public school system. Read more.

NBC News: Sen. Elizabeth Warren and Rep. Madeleine Dean Demand Food and Beverage CEOs Put a Stop to ‘Shrinkflation’

October 7, 2024

Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. Read more.

HuffPost: Group That Says Tariffs Are Taxes Touts Tariff-Pushing JD Vance Taking Its No-Tax Pledge

October 7, 2024

Americans for Tax Reform’s anti-tax pledge is well known in GOP circles. But what does it mean when punishing tariff hikes are on the table? Read more.

ITEP’s Neva Butkus Discusses Property Taxes in Indiana

October 3, 2024

On September 30, Policy Analyst Neva Butkus discussed Indiana property taxes and how Hoosiers could benefit from a circuit breaker policy at an event hosted by the Indiana Fiscal Policy Institute and Prosperity Indiana. Check out her slides here, and an article on the panel here.

Sen. Warren: Warren, Whitehouse, Casar, Lawmakers Slam 35 Companies for Paying Their Executives More Than They Pay in Federal Income Taxes

September 30, 2024

U.S. Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.), and Representative Greg Casar (D-Texas) led their colleagues in slamming 35 major companies that have been paying their executives more than they pay in federal income taxes. The lawmakers point to this as an additional reason why Congress must reform the tax code in 2025 to […]

ITEP’s Kamolika Das Responds to Misleading Baltimore Sun Op-ed

September 19, 2024

ITEP Local Policy Director Kamolika Das had this letter to the editor published in the Baltimore Sun on September 18: David F. Tufaro’s recent commentary about the Renew Baltimore campaign is wildly misleading (“Baltimore’s high property taxes sustain a broken system,” Sept. 15). The Renew Baltimore proposal to drastically cut and permanently cap Baltimore’s property tax […]

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Trump’s Plan to Vaporize the Economy Through Mass Deportation

September 16, 2024 • By Michael Ettlinger

Trump’s Plan to Vaporize the Economy Through Mass Deportation

This op-ed originally appeared in the Boston Globe. What would happen if 22 percent of America’s farmworkers vanished from the workforce? Would workers from across the country flock to the cotton fields of Texas, the sugar fields of Florida, and the peanut farms of Georgia to take low-paying jobs in the blazing heat? Or would […]

ITEP’s Brakeyshia Samms: How Property Tax Circuit Breakers Could Help Chicago

September 12, 2024

ITEP Policy Analyst Brakeyshia Samms discussed property tax circuit breakers at a meeting the city of Chicago’s Committee on Housing and Real Estate on September 11, 2024. You can check out her slides here, and watch the video here (starting around 42:40).

The Center for American Progress Action Fund: Donald Trump Is Lying About Immigrants and Social Security/Medicare

September 9, 2024

Contrary to Donald Trump’s claims, an earned path to citizenship for undocumented immigrants strengthens Social Security and Medicare. Read more.

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The Quiet Effort to Make Single Parenthood More Expensive

September 9, 2024 • By Carl Davis

The Quiet Effort to Make Single Parenthood More Expensive

After the dust settles on this year’s election, one of the most pressing issues confronting the next Congress and President will be how to deal with the expiration of the 2017 Trump tax cuts and, more specifically, who will pay for the cost of extending some or all of those cuts. Among the more widely accepted ideas circulating on the right is to raise income taxes on single parents, more than four in five of whom are women and a disproportionate share of whom are people of color.

ITEP’s Carl Davis: Pyramids, Cascades, and the Taxation of Business Inputs

August 26, 2024

ITEP Research Director Carl Davis gave this presentation to the New Mexico Revenue Stabilization and Tax Policy Committee on August 23, 2024. View the slides here.

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Local Tax Trends in 2024

August 14, 2024 • By Kamolika Das

Local Tax Trends in 2024

Many cities, counties, and townships across the country are in a difficult, or at least unstable, budgetary position. Localities are responding to these financial pressures in a variety of ways with some charging ahead with enacting innovative reforms like short-term rental and vacancy taxes, and others setting up local tax commissions to study the problem.

Audio: ITEP’s Marco Guzman on Taxes Paid by Texas Undocumented Immigrants

August 6, 2024

Marco appeared on Texas Public Media’s The Source on August 4, 2024. Listen to the clip here.

Audio: ITEP’s Marco Guzman Talks About the Tax Payments of Connecticut’s Undocumented Immigrants

August 1, 2024

CT’s undocumented immigrants pay over $400 million in taxes annually, study finds. Read more or listen here.

Video: ITEP’s Marco Guzman Talks About the Tax Contributions of Virginia’s Undocumented Immigrants

August 1, 2024

Marco Guzman spoke with 13News Now. Watch the clip here.

Audio: ITEP’s Carl Davis Talks About the Tax Contributions of Utah’s Undocumented Immigrants

July 31, 2024

A new study describes states that the tax contributions of undocumented immigrants equate to almost $100 billion, both federally and statewide. Read more or listen here.

States Newsroom: Study Says Undocumented Immigrants Paid Almost $100 Billion in Taxes

July 31, 2024

A new study shows that undocumented immigrants paid nearly $100 billion in federal, state and local tax revenue in 2022 while many are shut out of the programs their taxes fund. The findings run counter to anti-immigrant rhetoric that undocumented immigrants are “destroying” social programs. Read more.

Video: ITEP’s Marco Guzman on the Tax Contribution of Maine’s Undocumented Immigrants

July 31, 2024

A new national study is shedding light on the economic contributions made by undocumented immigrants in Maine and throughout the United States, WMTW-TV in Maine reports. Watch the clip or read the story here.

Bloomberg: Undocumented Immigrants in US Pay Nearly $100 Billion in Taxes

July 30, 2024

Undocumented immigrants paid almost $100 billion of taxes, underscoring the importance of border policies on the country’s tax collections, according to a new report. Read more.

Contact: Jon Whiten ([email protected]) Immigration policies have taken center stage in public debates this year, but much of the conversation has been driven by emotion, not data. A new in-depth study from the Institute on Taxation and Economic Policy aims to help change that by quantifying how much undocumented immigrants pay in taxes – both […]

USA Today: America’s Billionaires Are Worth a Record $6T. Where Does That Leave the Rest of Us?

July 19, 2024

America’s billionaires are now collectively worth a record $6 trillion. Their wealth has more than doubled since the passage of the landmark Tax Cuts and Jobs Act in 2017. Is that good news, or bad? It depends on whom you ask. Read more.

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Improving Refundable Tax Credits by Making Them Immigrant-Inclusive

July 17, 2024 • By Emma Sifre, Marco Guzman

Improving Refundable Tax Credits by Making Them Immigrant-Inclusive

Undocumented immigrants who work and pay taxes but don't have a valid Social Security number for either themselves or their children are excluded from federal EITC and CTC benefits. Fortunately, several states have stepped in to ensure undocumented immigrants are not left behind by the gaps in the federal EITC and CTC. State lawmakers should continue to ensure that immigrants who are otherwise eligible for these tax credits receive them.

Contact: Jon Whiten ([email protected]) Corporate tax cuts exacerbate economic and racial disparities, according to a new report from the Institute on Taxation and Economic Policy and Liberation in a Generation that is the first of its kind to analyze the distribution of these cuts across different racial and economic groups. This collaborative report examines the […]

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Who Benefits and Who Pays: How Corporate Tax Breaks Drive Inequality

June 27, 2024 • By Emma Sifre, Steve Wamhoff

Who Benefits and Who Pays: How Corporate Tax Breaks Drive Inequality

Corporate tax breaks and corporate tax avoidance significantly contribute to income and racial inequality and largely benefit foreign investors.