Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

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.

MarketWatch: How Trump Wants to Use the U.S. Tax Code to Crack Down on Undocumented Immigrants

June 16, 2025

Unauthorized immigrants paid almost $97 billion in federal, state and local taxes during 2022. Read more.

We are in the midst of a care crisis, caused by a rapidly aging population and an increased need for long-term care that the current workforce just can’t keep up with. Immigrants play a vital role to fill that gap. Without immigrants, our already broken care system would collapse.

The Ohio Senate has passed its state budget bill. Policy Matters Ohio Tax Policy Researcher Bailey Williams issued the following statement:

As she and the federal government escalate attacks on immigrants, DC should not overlook the many ways these residents contribute to the communities they live in and the local economy, including through their tax contributions toward DC’s shared resources.

USA Today: Los Angeles is Grappling with ‘Collective Grief and Frustration’ Amid Protests

June 12, 2025

In a year that's already been punctuated by the devastating wildfires that will take years to rebuild, an emotionally weary Los Angeles County is back in an unwanted spotlight due to nearly a week of anti-ICE protests that are testing its character.

The 2025 Legislature made a number of changes to Montana’s tax system, including an expensive cut to the income tax and restructuring of the property tax system.

Axios: Behind the Curtain: A Decades-in-the-Making Immigration War

June 11, 2025

President Trump undoubtedly stands on strong political ground, backed by most Americans, in cases where he's deporting convicted criminals. Now comes a new test, literally 40 years in the making: How comfortable are Americans with deporting millions of immigrants who paid taxes, built families and committed no crimes after coming here illegally?

Governors are uniquely able to advance an economic agenda that reflects the needs of the working class, giving them the opportunity to illustrate a contrast with the Trump administration, whose policies favor billionaires at the expense of working people.

Normally, when individuals sell stock, they must pay capital gains taxes on any profit they’ve made. But donors who gift their stock to an SGO wouldn’t have to pay capital gains taxes on any increase in the stock’s value, and they would still get the generous dollar-for-dollar tax credit, yielding a personal profit for themselves.

Overall, the budget reconciliation legislation would reduce federal taxes for Georgians by $16.6 billion annually. However, 69% of these savings ($11.5 billion) are directed to the highest-earning 20% of Georgia households, or those making over $153,100 per year.

CBS News: Millions of U.S. Kids Could Lose the Child Tax Credit under GOP Budget Bill, Experts Say

June 9, 2025

A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are U.S. citizens or legal residents, according to policy experts.

Newsweek: Child Tax Credit Could Be Stripped from Millions of Children

June 9, 2025

Anew budget proposal that would impose new restrictions on the federal Child Tax Credit could eliminate the benefit for millions of U.S. citizens or legally resident children, policy experts have said.

CNN: Trump’s Big Bill Includes an ‘Unprecedented’ Tax Credit for a National School Voucher Program. Here’s How It Would Work.

June 6, 2025

Carl Davis, research director at the Institute on Taxation and Economic Policy, says the program is generous – to say the least. “A dollar-for-dollar charitable donation tax credit is unprecedented at the federal level,” he told CNN in an email.

Injustice Watch: Property-Tax Foreclosure Reform Gets Put Off by Illinois Legislators

June 6, 2025

“It boggles the mind that the state legislature would just keep kicking the can down the road, and you have a crisis on your hands,” said Rita Jefferson, an analyst with the Institute on Taxation and Economic Policy, a nonprofit that advocates for more equitable tax policies.

In this report, the Congressional Budget Office estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023.

The American Prospect: Trump’s Beautiful Bill Will Kick 11 Million People Off Their Health Insurance

June 5, 2025

The Congressional Budget Office published its latest estimate of the Republicans’ One Big Beautiful Bill Act on Wednesday. The results are gruesome.

U.S. News & World Report: Ignore the Populist Rhetoric. The GOP Tax Bill Exposes their True Colors

June 5, 2025

The tax code is about more than depreciation, deductions, expenses and the things we focus on when we report our income to the IRS every April. It's about who gets the breaks in this country – and what that says about the priorities and values of those who write our tax laws.

Fox News: Educational Choice for Children Act: A Tax Break for the Rich, Not a Lifeline for Students

June 5, 2025

A proposal quietly tucked into the House GOP’s reconciliation package, part of what’s being marketed as President Donald Trump’s "Big, Beautiful Bill," would give wealthy individuals and corporations a 100% federal tax credit for donations to private school scholarship funds.

A move to individual filing, making the tax code marriage neutral and reducing tax rates on married women who work, would not only simplify the tax code but make it fairer and increase the ability of married women to participate fully in the economy.

On Thursday, May 22nd, the House of Representatives passed its major tax and spending legislation, which included last-minute revisions that made it even more favorable for the wealthy.

Missouri Independent: Proposed Federal Tax Changes could Mean $170M or More Cut to Missouri State Revenues

June 2, 2025

Along with hundreds of millions in potential new costs for Missouri taxpayers, an analysis of the budget bill backed by Congressional Republicans and President Donald Trump shows it would also cut state revenue as tax changes at the federal level are reflected in state returns.

Kansas City Star: Tell Kansas’ Senators Not to Give Ultra-Wealthy a ‘Big Beautiful’ Tax Loophole | Opinion

June 2, 2025

How’s that for a fun new federal tax scam to help the super-wealthy? “Donate” $10 million in stock to charity, purchased for $6 million — then get all $10 million back in tax credits and avoid more than $1 million in capital gains taxes. Massive benefits for already rich individuals — you gotta love it.

Earlier this month the U.S. House of Representatives passed a major new tax and spending bill that not only represents the largest cuts to Medicaid and SNAP in history, taking away SNAP and Medicaid benefits from millions of recipients including tens of thousands in West Virginia, but also includes tax provisions that would overwhelmingly favor the richest taxpayers in […]

For example, the U.S. tax system mostly functions on voluntary compliance. Unauthorized immigrants contributed nearly $100 billion in local, state, and federal taxes in 2022, the Institute on Taxation and Economic Policy estimates. Concerns that taxpayers’ information could be shared with ICE could lead to a decline in compliance, resulting in reduced tax revenue.