Institute on Taxation and Economic Policy (ITEP)
ITEP’s Kamolika Das’ Testimony to the Philadelphia Tax Reform Commission

ITEP’s Kamolika Das testified in front of the Philadelphia Tax Reform Commission on January 9, 2025. The commission has been charged to examine the city’s overall tax system and propose ways to make it more inclusive, equitable, and growth oriented, and it has been considering changes to the city’s net profits tax and business income […]

2024 Economic Report of the President

January 10, 2025 • By ITEP Staff

2024 Economic Report of the President

The Economic Report of the President (ERP) is an annual report produced by the Council of Economic Advisers. An important vehicle for presenting the Administration’s domestic and international economic policies, it provides an overview of the nation’s economic progress with text and extensive data appendices. The 2024 report cites a 2021 blog written by ITEP’s […]

Undocumented Immigrants Pay More Than Their Fair Share of Taxes

Undocumented immigrants help fund teacher salaries, road and bridge repairs and other local quality-of-life improvements. They also pay into vital programs that make up our social safety net (including Social Security, Medicare and unemployment insurance) even though they will likely never see any benefits from these programs — because, in most circumstances, they are legally prohibited from accessing them.

CBS News: These 9 States Are Cutting Income Taxes on Jan. 1

January 2, 2025

Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates. Read more.

Brookings Institution: Scaling Up Prenatal and Infant Cash Prescriptions to Eradicate Deep Infant Poverty in the United States

The United States is exceptional among wealthy nations in its high rate of child poverty. Even more so, the U.S. is known for its high level of deep child poverty—children in families with incomes less than half the poverty line. Read more.

Georgia Budget & Policy Institute: From Barriers to Bridges: How Fines and Fees Reform Can Help Boost Economic Security

Excessive local government reliance on fines and fees is tied to persistent barriers to economic security. Policies that lift these barriers could open gateways for more Georgians to achieve workforce mobility free from criminal legal system entanglement. Read more.

Hawai’i Appleseed: How a Second Trump Presidency Could Impact the Pocket Books of Hawaiʻi’s Working Families

With President-elect Trump preparing to return to the White House in 2025, it’s worth examining how his proposed policies could impact Hawaiʻi’s  economy, tax system and the household budgets of local working families. Read more.

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State Rundown 12/19: Anti-Tax Playbook in Action

December 19, 2024 • By ITEP Staff

State Rundown 12/19: Anti-Tax Playbook in Action

The anti-tax playbook has been on full display in recent weeks as state policymakers run their offenses against public services and shared priorities. As the playbook dictates, if you have a little breathing room in your budget, propose cuts to the one major tax (personal income tax) that tends to ask more of those who […]

Accountable.US: Trump IRS Pick Billy Long Took $248,500 From 17 Top Tax-Avoiders

Accountable.US has found that Long’s Congressional campaign committees took $248,500 from 17 top tax-avoiding corporations. These 17 companies paid an astonishing average effective tax rate of -0.4% on over $289 billion in collective profits they made in the first five years of the 2017 Trump tax cuts—which Long voted for. Read more.

Gov. Jay Inslee: Gov. Inslee Releases Future-Focused Budget Proposal

Today, Gov. Jay Inslee released a balanced budget proposal that protects progress on the programs and services that working families and businesses depend on — public safety, education, early learning, housing and behavioral health. Read more.

MSNBC: With the Election Over, Republicans Are Suddenly Interested in Cutting Social Security

December 5, 2024

It’s hard to find many things that 80% of Americans agree on, but they exist. In various polls taken earlier this year, 4 out of 5 Americans said Joe Biden was too old to run for a second term, the government is doing a bad job dealing with migrants at the Mexican border and the cost of prescription drugs is unreasonable. […]

Average Louisianans Will Pay for Gov. Landry’s Tax Break for the Rich

Tax cuts for the wealthy and corporations will not make Louisiana more competitive. Rather, they will blow a hole in the state budget while asking low- and middle-income working families to make up the difference. Gov. Landry and the Louisiana legislature would make much better use of their time looking for ways to make Louisiana’s tax structure fairer and more capable of adequately funding important priorities.

The Associated Press: Louisiana Lawmakers Pass Income and Corporate Tax Cuts, Raising Statewide Sales Tax to Pay For It

November 23, 2024

Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase. Read more.

Sen. Warren: ITEP Data Shows Trump’s Tax Proposals Won’t Help Working Families

Sen. Warren cited ITEP’s research at a November 20, 2024 hearing of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. To read her remarks, click here. To read the research, click here.

Newsweek: Will the 2024 Election of Donald Trump Impact Social Security?

November 12, 2024

Social Security is a critical part of millions of Americans’ lives, providing a financial safety net for retirees, disabled individuals and survivors of deceased workers. For many retirees, Social Security benefits are a primary source of income, helping them cover essential living expenses such as housing, food and healthcare. Read more.

NPR’s Marketplace: The Trump 2.0 Economy

November 10, 2024

Donald Trump won a second term as president this week, promising an end to the “inflation nightmare” through some potentially inflationary policies. Here’s what the economy could look like under Trump 2.0. Read more.

The Independent: Trump Says His Mass Deportation Plan Has ‘No Price Tag’ As He Prepares to Boot Millions from the Country

November 8, 2024

Trump’s militarized removals could cost billions while upending the economy and ripping families and communities apart. Read more.

Searchlight New Mexico: Donald Trump’s Victory Puts All Eyes Back on the Border

November 7, 2024

On October 31, Donald Trump landed in Albuquerque at a private aviation hangar, a location he chose for a rally in part because he owes the city half a million dollars from a 2019 event at the Santa Ana Star Center, and he wasn’t welcome at the downtown convention center. He stepped off the plane, […]

Washington State Standard: Washington’s Capital Gains Tax Survives Repeal Effort

November 7, 2024

An initiative to repeal Washington’s capital gains tax, which levies a 7% tax on the sale or exchange of long-term assets like stocks, bonds and business interests, was defeated Tuesday. Read more.

Money: Donald Trump Is the President-Elect. Here’s What It Means for Your Wallet

November 7, 2024

Early this morning, the Associated Press declared Republican nominee Donald Trump the winner of the 2024 presidential election. And though nothing is certain, we do have a few clues as to how a second Trump presidency could affect Americans’ wallets in the short term. Read more.

Money: Trump vs. Harris: How Could Your Tax Bill Change Under Each Candidate?

November 2, 2024

Both Kamala Harris and Donald Trump have made a point of talking about taxes in the final days leading up to the presidential election. This is no accident: With more than 144 million taxpayers filing individual income tax returns this year, it’s a topic a huge swath of voters are likely paying attention to. Read […]

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How Tax Decisions in 2025 Can Advance Racial Justice

October 30, 2024 • By Brakeyshia Samms, Jon Whiten

How Tax Decisions in 2025 Can Advance Racial Justice

In the coming 14 months, federal lawmakers should address longstanding issues of racism in the tax code. With a presidential election this fall and many provisions of 2017’s Trump tax law expiring at the end of 2025, the debate over tax policy and economic fairness is in full swing.

California Budget & Policy Center: California’s Undocumented Residents Make Significant Tax Contributions

California’s undocumented residents contribute nearly $8.5 billion in taxes, playing a crucial role in supporting public services while remaining excluded from essential programs. Read more.

ITEP’s Brakeyshia Samms on Race and the 2017 Trump Tax Law

October 28, 2024 • By Brakeyshia Samms

ITEP’s Brakeyshia Samms on Race and the 2017 Trump Tax Law

On October 25, 2024, ITEP Policy Analyst Brakeyshia Samms discussed race and the 2017 Trump tax law on the webinar “The 2025 Sunsetting of Tax Cuts and Jobs Act (TCJA): Tax Justice on the Frontlines,” which was hosted by the American Bar Association’s Section of Civil Rights & Social Justice. Slides can be downloaded here […]

ITEP’s Eli Byerly-Duke on Oklahoma’s Sales Tax Relief Credit

October 28, 2024 • By Eli Byerly-Duke

ITEP’s Eli Byerly-Duke on Oklahoma’s Sales Tax Relief Credit

On October 23, 2024, ITEP Policy Analyst Eli Byerly-Duke presented to an interim study in the Oklahoma House focused on modernizing the Sales Tax Relief Credit. Click here for slides Click here for video (his remarks begin around the 1:06:00 mark)