Institute on Taxation and Economic Policy (ITEP)

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ITEP's Citations Research Priorities

Congress should oppose efforts to increase tax breaks for wealthy Americans and highly profitable corporations this year, 56 organizations across Alabama wrote in a letter sent to Alabama’s congressional delegation Wednesday. Lawmakers instead should seek to boost tax credits that expand opportunities for working people and families, the letter said.

A dozen Oregon organizations sent a letter to the state’s congressional delegation today calling on them to oppose tax cuts for the wealthiest individuals and corporations as part of the upcoming federal tax debate in 2025.

The Institute on Taxation and Economic Policy has estimated how much these proposed tax cuts would impact Oklahomans, by income level: 

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…

Yahoo News: Simu Liu Speaks Out on Trump’s New Tax Plan

January 29, 2025

Simu Liu has spoken out against President Donald Trump’s newly proposed U.S. tax plan, which seeks to extend the 2017 Tax Cuts and Jobs Act (TCJA) and introduce new measures that primarily benefit high-income earners and corporations.

Mother Jones: Trump Tax Cuts Not Just Good For Billionaires, Say Billionaires

January 28, 2025

A group founded by the billionaire Koch brothers is on a mission: to extend the massive tax cuts Trump instituted in his first term, and to convince working-class Americans that those cuts benefit them, too—despite ample evidence to the contrary.

Barron’s: Trump’s Immigration Crackdown Could Play Havoc with the Economy

January 28, 2025

The White House is making good on President Trump’s campaign promises to eject unauthorized immigrants from U.S. soil, with deportation flights rolling out over the weekend. But the economic consequences of deportation and massive rollbacks on immigration could be severe.

Video: ITEP’s Marco Guzman Discusses the Tax Contributions of Undocumented Immigrants on Telemundo

January 27, 2025

ITEP Senior Policy Analyst Marco Guzman discusses the tax contributions of undocumented immigrants in this TV clip.

The Guardian: Charles Koch’s Network Launches $20m Campaing Backing Trump Tax Breaks

January 27, 2025

Americans for Prosperity (AFP), the flagship political arm of the rightwing network formed by the fossil fuels billionaire Charles Koch and his late brother David, is launching a multimillion-dollar campaign backing Donald Trump’s plans to extend tax cuts and roll back federal regulations.

Salon: The High Opportunity Cost of Trump’s Economy

January 27, 2025

President Donald Trump is returning to the White House with the strongest economy in the world; unemployment is low, inflation continues to trend downward and growth is accelerating. Yet, Trump is about to unravel our post-COVID recovery with an attempt to enact a toxic economic agenda of tariffs, mass deportations and tax cuts for the mega-rich. All paid for with cuts to programs that benefit working class Americans.

Newsweek: California Braces for Donald Trump’s Immigration Crackdown

January 23, 2025

California is gearing up for President Donald Trump’s immigration crackdown, which includes mass deportations and sweeping raids targeting undocumented immigrants. Read more.

On November 12, 2024, President-elect Donald Trump announced that billionaires Elon Musk and Vivek Ramaswamy would co-chair a new entity, called the “Department of Government Efficiency” (DOGE). “Together,” Trump asserted, “these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures and restructure federal Agencies – Essential to the ’Save America’ Movement. … It will become, potentially, the ’Manhattan project’ of our time.”

With portions of the Trump 2017 corporate tax giveaways set to expire in 2025, government watchdog Accountable.US and Americans for Tax Fairness today released a damning new report revealing how a small number of top corporations—including familiar names like Apple, Microsoft, and JP Morgan—bring in a huge amount of national profits while paying shockingly little in taxes. […]

Business Insider: Trump’s Mass Deportation Plan Could Drain More Than $20 Billion a Year from Social Security

January 22, 2025

President Donald Trump’s mass deportation plans could have a significant economic side effect: draining the Social Security fund. As more Americans reach retirement age — many without adequate savings — Social Security can be a financial anchor. The checks average $1,976 monthly, and thousands of older adults told Business Insider they rely on the money to pay for essentials. However, the checks often […]

Audio: ITEP’s Eli Byerly-Duke Discusses California’s Tax System with Stew Jenkins

January 22, 2025

ITEP State Policy Analyst Eli Byerly Duke appeared on the SLO County Public Policy & The Law program on K-News 98.5 to discuss California’s tax system. Listen here.

Money: Congress Is Gearing Up for a Fight Over Trump’s Tax Cuts

January 20, 2025

Once the fanfare of Donald Trump’s inauguration fades, Congress has to get to work on taxes — and it won’t be pretty. At issue is the Tax Cuts and Jobs Act of 2017, which was a hallmark of Trump’s first term. Abbreviated TCJA, the law made sweeping changes to the U.S. tax code that slashed the […]

Audio: ITEP’s Marco Guzman Talks to NC Newsline About the Costs of Mass Deportation

January 20, 2025

Among the actions that the new Trump administration is expected to make a top priority in the coming days is an aggressive new mass deportation initiative targeting the nation’s millions of undocumented immigrants. It’s a plan that may sound superficially appealing to many Americans, but as we learned in a recent conversation NC Newsline had […]

Combining a variety of survey and administrative data, this paper measures the progressivity of taxes and transfers at the U.S. federal level and separately for each state. Read more.

CNBC: These Five Republicans Are Ready to Derail Trump’s Tax Cuts Over the SALT Cap

January 17, 2025

An influential group of five House Republicans from high-tax states is threatening to hold up a major tax package that is a top priority for President-elect Donald Trump unless they get a significant boost to the amount that their constituents can deduct from federal income taxes to reflect state and local taxes already paid. Read more.

Associated Press: Maryland Gov. Moore Includes Income Tax Increases for Wealthy Residents to Help Address $3B Deficit

January 16, 2025

Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more than $500,000, as well as about $2 billion in spending reductions throughout state government to address a $3 billion deficit. Read more.

Basic arithmetic suggests that the fiscal goals of President-elect Donald Trump’s treasury pick would slash health care and food security for working- and middle-class families while renewing tax cuts tilted to the wealthy. Read more.

MSNBC: Trump Inverts Reality with His Claims about Migrants Hurting Social Security

January 15, 2025

A key plank of President-elect Donald Trump’s campaign tirades against undocumented immigrants was that they drain vital social services that are facing insolvency threats. “Unlike the Democrats, who are KILLING SOCIAL SECURITY AND MEDICARE by allowing the INVASION OF THE MIGRANTS, I will NOT, under any circumstance, allow either of these two precious GEMS to be even touched under a Trump Administration,” he posted on Truth Social in one characteristic broadside last year.

New Mexico In Depth: Poverty Fell More Than a Third in New Mexico Due to Tax Changes, But There’s More to Do

January 14, 2025

Federal data released last fall show that, after accounting for government benefits, over the last decade the share of New Mexicans experiencing poverty declined more than in almost any other state. That coincides with a period in which state lawmakers significantly altered tax rates to reduce the burden on low-income residents. They enacted and expanded […]

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.