Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

According to the Institute on Taxation and Economic Policy, “Millionaires are unlikely to move because of taxes. Instead, like most other people, millionaires primarily choose where to live based on community ties, schools, and jobs, and are not likely to uproot their lives based on a marginal tax difference.” Read more.

ITEP Data Cited in New York Corporate Tax Bill

March 4, 2026 • By ITEP Staff

The bill authorizes a city business tax surcharge of twenty-five percent on the tax liability imposed on any business subject to tax as a corporation Read more.

Business Insider: Mamdani Says if the State Won’t Tax the Wealthiest New Yorkers, He’d Have To Tax the Middle Class as a ‘Last Resort’

February 19, 2026

Without Albany’s willingness to hike income or corporate taxes, Mamdani is signaling he will need to turn to other measures to fund his budget. He’s floating increasing property taxes for the city’s residents.  Read more.

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 New York Times: Businesses Are Cashing In on Trump’s Tax Cuts

December 12, 2025

“We are giving companies an awful lot of money to do something they were going to do anyway; that’s the issue with most tax incentives,” said Matt Gardner. Read more.

The Guardian: How Could Zohran Mamdani Pay for His Bold Agenda for New York? We Broke it Down

November 10, 2025

Mamdani’s ideas are very popular and would solve basic problems. Democrats now hold large majorities in the legislature, and some see economic and political pathways to making the proposals reality. Read more.

USA Today: Would Mamdani’s ‘Millionaire Tax’ Chase the Rich out of New York City?

November 6, 2025

Higher taxes don’t generally prompt wealthy people to move, said Kamolika Das, local policy director at the Institute on Taxation and Economic Policy… Read more.

Wall Street Journal: The Economics Behind Zohran Mamdani’s Biggest Plans

November 5, 2025

Zohran Mamdani coasted to victory in the New York City mayoral race with a platform focused on making the city more affordable. He has promised ambitious social programs like universal child care and more affordable housing, with plans to fund his agenda primarily through higher taxes on businesses and on New York City’s highest earners. Read […]

Nonprofit Quarterly: Class Not Dismissed: Mamdani, Nonprofits, and the Fight for Economic Justice

August 14, 2025

In New York City, we can point to the boldface success of Zohran Mamdani as an example. Recently nominated as the Democratic mayoral candidate, his affordability push focuses on creating better options for the working and middle class, such as a network of city-owned grocery stores that reduce the cost of food and affordable housing—all of which led to his big success with the city’s voters. Whatever one makes of his candidacy, it would seem that “the economy, stupid” is still voters’ most pressing concern.

USA Today: Would Mamdani’s ‘Millionaire Tax’ Chase the Rich Out of New York City?

July 14, 2025

Taxing the rich has worked before. In the World War II era, the wealthiest Americans endured a top tax rate above 90% to buoy the economy. But would it work now? 

New York Times: States Brace for Added Burdens of Trump’s Tax and Spending Law

July 7, 2025

The ink is not even dry on the far-reaching domestic policy law that President Trump signed on Friday, and already state governments are bracing for impact as Washington shifts much of the burden for health care, food assistance and other programs onto them.

New York Times: Congress Passes a National School Voucher Program

July 7, 2025

The plan, part of the Republican domestic policy bill, includes all but the wealthiest families. But states must opt in, which could limit its reach.

Thank you for including me today and you can find research that I reference today on the website of the Institute on Taxation and Economic Policy at www.itep.org. The One Big Beautiful Bill Act (OBBBA) would cut services to poor and middle-class families, reduce revenue available for public needs, and provide large tax cuts primarily to the richest Americans, while also providing tax cuts to foreign investors.

New York Times: Trump’s Big Bill Would Be More Regressive Than Any Major Law in Decades

June 16, 2025

The Republican megabill now before the Senate cuts taxes for high earners and reduces benefits for the poor. If it’s enacted, that combination would make it more regressive than any major tax or entitlement law in decades. Read more.

New York Times: Religious Education Lost at the Supreme Court. But It’s Winning Everywhere Else.

May 24, 2025

The court rejected a religious charter school, but conservatives may get much of what they want in a school voucher program that passed the House this week. Read more.

MSNBC: Trumps Social Security Team has Reportedly Marked More than 6,000 Immigrants as Dead

April 14, 2025

The New York Times was first to report on the administration’s cancellation of immigrants’ lawfully obtained Social Security numbers — essentially listing individuals as dead — as a means to impede their ability to make money or access government services and to pressure them to leave the country. 

New York Times: Assessing Elon Musk’s Misleading Claims About Fraud in Government Spending

March 29, 2025

The world’s richest man made inaccurate claims about entitlement fraud, how a government payment system works and government survey costs. Read more.

New York Times: Musk Suggests His Team Will Scrutinize Social Security and Entitlement Spending

March 11, 2025

Elon Musk, the world’s richest individual, suggested on Monday that his government cost-cutting team would scrutinize Social Security and other entitlement spending, describing the expenditures as rife with fraudulent transactions and repeating a conspiracy theory that Democrats were using the programs as a “gigantic magnet to attract illegal immigrants and have them stay in the […]

New York Times: Trump Orders End to Federal Benefits for Undocumented Migrants

February 20, 2025

President Trump on Wednesday signed an executive order aimed at eliminating federal benefits for undocumented migrants in the United States, describing the benefits as an improper use of taxpayer resources.

New York Times: Opinion | Democrats Need to Learn How to Throw a Punch

February 12, 2025

For most of the past decade, progressives presented the battle over immigration as simply a fight against Republican cruelty, racism and xenophobia. Such messaging does not amount to a political strategy. By 2024, Joe Biden and Kamala Harris seemed to stop trying to win the debate. As border-state governments grappled with newcomers, Republican leaders saw a crisis they could seize and weaponize — while Democratic leaders offered no compelling case of their own.

New York Times: What Mass Deportations Would Do to New York City’s Economy

January 31, 2025

That number comes not from a left-leaning human rights group intent on fostering sympathy for people who crossed the border illegally, but rather from the wonky Institute on Taxation and Economic Policy, a nonpartisan Washington think tank. The organization’s research also tells us that nationally, more than a third of the tax dollars paid by undocumented immigrants go toward payroll taxes, which are aimed at backing entitlement programs that these workers are not entitled to access.

The New Statesman: Donald Trump’s Florida Project

January 30, 2025

But Mar-a-Lago is just the crown jewel in the Floridisation of US politics. A born and bred New Yorker, Trump switched his primary residence from Manhattan to Palm Beach during his first term, stating that he had “been treated very badly by the political leaders of both the city and state [of New York]. Few have been treated worse.” There was also a more practical rationale for becoming a Florida resident: lower taxes. Florida is one of just nine states that do not levy state income taxes on residents. According to a recent report by the Institute on Taxation and…

New York Times: How Unauthorized Immigrants Help Finance Social Security Benefits

January 13, 2025

The Social Security Administration receives billions in free money each year from an unexpected source: undocumented immigrants.

New York Times: Trump’s Closing Argument: Lies, Distortions and Inaccuracies

November 4, 2024

Former President Donald J. Trump, in the closing days of the 2024 election, continues to be a font of exaggerations, misleading claims and outright lies.

New York Times: Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

October 24, 2024

Former President Donald J. Trump has spent much of the presidential campaign brainstorming new, and sometimes untested, ways to cut taxes. In the election’s final stretch, he raised the possibility of going even further: eliminating income taxes entirely.