Institute on Taxation and Economic Policy (ITEP)

Blog

1,405 posts
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States Are Opening a Pandora’s Box of Data Centers

• By Page Gray

State governments are rushing to offer billions of dollars in subsidies to data center construction, apparently without understanding their full costs.

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State Rundown 11/13: States Tackle Impending Deficits, Pennsylvania Secures an EITC

• By ITEP Staff

Revenue forecasts look increasingly grim as states anticipate shortfalls due to the slowing economy and impacts of the new federal tax law.

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Don’t Hold Your Breath Waiting for a Tariff Dividend from Trump

• By Steve Wamhoff

Trump gives a promise, with absolutely no plan, to give $2,000 to every American using tariff revenue.

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Trump Goes Outside the Law to Give Even More Tax Cuts to the Wealthy

• By Steve Wamhoff

Trump's Treasury is overstepping far beyond its constitutional role by giving unlegislated tax cuts to the wealthy.

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State and Local Policymakers Can Resist Austerity Even Amid Historic Federal Retreat

• By Kamolika Das

The progressivity of the federal tax code has been waning. State and local policymakers should respond by protecting their revenue bases, promoting equity, and safeguarding vulnerable communities from harmful budget cuts. 

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In 2025, Voters Said Yes to Public Resources and Community Investments

• By Rita Jefferson

Important tax measures were on the ballot this week, and the outcomes are clear: many voters support new state and local spending to support critical services in their communities.

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States Begin Decoupling from Flawed ‘QSBS’ Tax Break

• By Nick Johnson, Sarah Austin

A costly tax break for wealthy venture capitalists is drawing some critical attention from state policymakers.

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Trump Raises the Price of Filing a Tax Return

• By Joe Hughes

The move was expected, given heavy lobbying from tax prep companies like Intuit and H&R Block to put a halt to the IRS’s popular Direct File program.

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State Rundown 11/5: Voters Say “Yes!” to Public Investments

• By ITEP Staff

Despite being an off-year election, voters made a call for shared public investments at the polls.

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Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta

• By Matthew Gardner

Meta’s earnings setback is entirely attributable to an important tax reform championed by the Biden administration in 2022.

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Oil and Gas Companies Are Paying Less Tax to the U.S. than to Foreign Governments

• By Matthew Gardner

Since 2017, these companies paid $135 billion in income taxes to foreign governments, but just $29 billion to the U.S.

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State Rundown 10/27: As Temperatures Cool Tax Policy Heats Up

• By ITEP Staff

States across the nation are debating how best to respond to costly new federal tax cuts.

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Why States Shouldn’t Go Along With OBBBA’s Corporate Tax Breaks: A Practical Guide

• By Nick Johnson, Michael Mazerov

States should immediately decouple from four costly corporate tax provisions in the new federal tax law.

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Well, That Was Fast: Trump Tax Law’s New Corporate Breaks are Already Worsening the Deficit

• By ITEP Staff

Corporate income taxes for the fiscal year that ended in September are $77 billion lower than in the previous year, a 15 percent drop.

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Some Members of Congress Will Cash in from New Tax Law

• By ITEP Staff

Many lawmakers who were vocal supporters of this bill will see direct personal benefits while most of their constituents benefit little or will be worse off.

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Trump Tax Law Erases Economic, Racial Progress in the Tax Code

• By Brakeyshia Samms

President Trump’s massive tax-and-spending bill continues the administration’s assault on racial and economic justice by prioritizing tax breaks for the top 1% while neglecting the economic well-being of poor and working families of all races, especially people of color.

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Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?

• By Matthew Gardner

If Coca-Cola only pays 3% of the $18 billion tax bill it's facing, then the rest of us will have to pick up the remaining 97%. 

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State Rundown 10/1: State and Local Governments Doing the Opposite of Shutting Down

• By ITEP Staff

State and local officials are staying very busy by considering a dizzying amount of reversals.

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Leaving Billions on the Table: Trump-Induced Brain Drain Leaves the IRS Struggling to Prevent Corporate Tax Avoidance

• By Matthew Gardner

The IRS's capacity to prevent big multinational corporations from avoiding income taxes is facing a generational crisis.

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State Rundown 9/18: Lawmakers Confront Revenue Loss from Federal Policy Changes

• By ITEP Staff

Some states are trying to avoid revenue loss while others are welcoming it and doubling down.

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Child Poverty Remains Unacceptably High, New Federal Changes Unlikely to Move Needle

• By Neva Butkus

By not extending the 2021 temporary Child Tax Credit expansion, federal lawmakers have allowed the number of children and families in poverty to increase and remain unnecessarily high.

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Corporate Tax Transparency’s Disappearing Act

• By Spandan Marasini

What currently stands in the way of better corporate tax transparency.

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President Trump is Still Lying About Ending Taxes on Social Security

• By Matthew Gardner

Why is Trump saying that he has eliminated taxes on Social Security?

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Making the Wealthy Pay their Fair Share is the Way to Preserve Vacation Towns

• By Rita Jefferson

Rhode Island lawmakers created a new surcharge on second homes worth more than $1 million as part of the budget enacted this spring.

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Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congress

• By Matthew Gardner

A drafting error in the 2017 tax law will cost U.S. taxpayers over $1 billion in unintended tax cuts for big multinationals.