Citations

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.

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

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.

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.

(For a detailed illustration of how this works—and some nice figures—I’d recommend this piece from the Institute on Taxation and Economic Policy.)

The policy brief, “Centering Black Households in the 2025 Tax Debate,” analyzes how the proposed extension of the 2017 Tax Cuts and Jobs Act (TCJA) would affect Black communities.

As the Institute on Taxation and Economic Policy notes, the top 1 percent of Floridians (those with income of more than $1.1 million annually) would receive an average tax cut of $86,320 in 2026. As a share of the tax cuts, in 2026, the top 1 percent would receive 25 percent of the total tax cuts.

An analysis by the Institute on Taxation and Economic Policy (ITEP) highlights just how lopsided the bill’s tax provisions are.

Analysis from the Institute on Taxation and Economic Policy shows that the richest 1 percent of taxpayers in the District will get the biggest tax cut—one being paid for by slashing federal basic needs programs for tens of millions of Americans.