ITEP Work in Action
Rep. James E. Clyburn: Trump’s “Big Beautiful Bill” Steals from the Poor, Gives to the Rich
September 18, 2025
The Institute of Taxation and Economic Policy estimates that in 2026, South Carolina’s wealthiest 1%—those making over $782,500 a year—will receive an average tax cut of $68,260, while the lowest-income residents, earning under $23,200, will face an average tax increase of $30, in addition to steep cuts to Medicaid and SNAP. Read more.
Americans for Tax Fairness: Public Interest Groups Back Billionaires Income Tax to Establish Fairness and Invest in Families, Not the Ultrawealthy
September 18, 2025
Today, dozens of public interest organizations representing millions of Americans announced their strong support for the Billionaires Income Tax (BIT), introduced by Senator Ron Wyden (D-OR), Rep. Donald Beyer (D-VA), and Rep. Steve Cohen (D-TN). The legislation would finally ensure the wealthiest Americans pay their fair share in taxes—just like working families who contribute out […]
West Virginia Center on Budget & Policy: “One Big Beautiful Bill’s” Tax Provisions a Bad Deal for WV (Unless You’re Rich)
September 18, 2025
Proponents of the “One Big Beautiful Bill” (HR 1), including all four of West Virginia’s members of Congress, have repeatedly touted the tax provisions of the legislation as benefiting most or all West Virginia families. The WVCBP has already covered in detail how the SNAP and Medicaid provisions of HR 1 are particularly harmful for West Virginians […]
Washington Center for Equitable Growth: How U.S. tax policies have fueled right-wing populism
September 18, 2025
Among the many factors fueling support for right-wing populism in the United States is federal tax policies. The nation’s tax system confuses, frustrates, and angers many citizens in ways that leave them vulnerable to populist appeals from the right. A mismatch between how the federal tax system works in theory and how it works in […]
New Jersey Policy Perspective: Freedom from Want: An Economic Guarantee for New Jersey’s Kids
September 11, 2025
All children in New Jersey deserve the freedom to grow up safe, healthy, and free from poverty.
House Committee on Education & Workforce Democrats: Ranking Member Scott Statement on the 2025 Nation’s Report Card
September 10, 2025
An analysis by the Institute on Taxation and Economic Policy found that this new private school voucher program could cost $56 billion per year—more than all current federal K-12 spending combined.
House Committee on Education & Workforce Democrats: Ranking Member Bonamici Opening Remarks at ECESE Subcommittee Hearing on Reading and Math in K-12 Schools
September 4, 2025
An analysis by the Institute on Taxation and Economic Policy found that this new private school voucher program could cost $56 billion per year—more than all current federal K-12 spending combined.
Economic Policy Institute: Unions Aren’t Just Good for Workers—They Also Benefit Communities and Democracy
August 20, 2025
Rebuilding worker power by strengthening unions is not just good policy—it is a democratic imperative in the face of authoritarian backsliding.
Hawai’i Appleseed: Incoming Federal Tax Cuts Will Heavily Favor Hawaiʻi’s Wealthiest Residents
August 7, 2025
Recently-signed federal legislation will cut taxes for the wealthy. The Institute on Taxation and Economic Policy (ITEP) analysis of the Senate Reconciliation Bill—promoted as the One Big Beautiful Bill Act—has found that its tax provisions overwhelmingly benefit the wealthiest Americans, while offering less relief to working families.
New Hampshire Fiscal Policy Institute: New Federal Reconciliation Law Reduces Taxes, Health Access, and Food Assistance Supports for Granite Staters
August 6, 2025
The new federal reconciliation law, signed on July 4, 2025, makes significant changes to programs that will impact Granite Staters. These changes include direct interactions with individuals and families, including reducing taxes for most residents, particularly those with higher incomes, and limiting access to both health services and food assistance. The new law also impacts the financial outlooks for both the State and federal governments, which may affect subsequent policy choices and services.
United Ways of California: The Economic Impact of Immigrants in California
August 5, 2025
Communities across California are feeling the effects of immigration raids and mass deportation efforts, both in the fabric of their communities as well as their economies. Actions and threats against employees, jobs, and neighbors will have a profound impact on our state and nation in both the short and long term. Here, we delve deeper into one aspect of why by discussing the impact immigrants have on our economy.
Center for American Progress: 2024 Findings Reveal What’s at Stake for Recipients and the United States
August 5, 2025
The 10th annual DACA survey illustrates the positive contributions that DACA recipients have made to America and reveals the significant, widespread disruptions that would result from ending DACA, highlighting more than ever the need for congressional action to provide pathways to citizenship for recipients.
State Innovation Exchange: Funding Our Futures Despite Trump’s Big Ugly Megabill
July 29, 2025
Trump’s Big Ugly Megabill is a budget dream come true for billionaires and corporate lobbyists and a nightmare for states. The nearly 900-page bill poses brutal consequences, especially for working class people.
League of Women Voters: What Is the “One Big Beautiful Bill” and Its Impact?
July 28, 2025
On July 4th, the President signed into law the One Big Beautiful Bill Act (OBBB), a nearly 1,000-page bill that changes federal spending levels by stripping tens of millions of our most vulnerable neighbors of their health care and nutrition.
Maine Center for Economic Policy: How Trump’s “Big Beautiful Bill” Further Enriches the Rich and Immiserates the Poor
July 25, 2025
Though some of the details of the OBBBA were altered in the Senate from its original House-passed version, the overall impact remained largely the same: tax cuts for the rich, little change for the middle class, and punishing cuts for the poor.
Georgia Budget & Policy Institute: Historic Federal Tax Shift Benefits Wealthiest, Grows Deficit and Exacerbates Georgia’s Rural Challenges
July 18, 2025
In H.R. 1, the federal reconciliation bill, the federal government shirks its responsibility to Georgians, leaving the state to continue to support Georgians with fewer resources.
Demos: The Reconciliation Bill Is a Brazen Betrayal of Present and Future Generations
July 16, 2025
The passage of the inaptly named “One Big Beautiful Bill” is a loss for the country, not just because of immediate cost and economic harm it will cause families but because of the future we’re giving up. Slashing funding for programs that support individual and community well-being in order to cut taxes for the wealthy elite will most directly and immediately harm households with the fewest resources, but ultimately, everyone will lose out on a better future.
Joint Center for Political and Economic Studies: Joint Center Launches 2025 Tax Advisory Committee
July 15, 2025
Today, the Joint Center for Political and Economic Studies officially launched its 2025 Tax Policy Advisory Committee. This committee will play a critical role in informing the Joint Center’s tax research, helping shape public discourse around tax policy issues affecting Black communities, and contributing to efforts to close the racial wealth divide.
Florida Policy Institute: What Floridians Should Know About the FY 2025-26 Tax Package
July 11, 2025
Once again, policymakers are pursuing tax cuts and plan to pay for them with budget cuts. All the while, three-quarters of Florida prisons do not provide A/C; over 2.5 million Floridians are without health coverage; thousands of homebound adults and disabled individuals are stuck on long waitlists for home and community-based care; and the state’s affordable housing crisis continues.
The Bell Policy Center: Colorado’s Rural Communities Will Suffer from the Federal Budget Bill
July 11, 2025
It’s been widely acknowledged that the bill’s benefits and burdens will be unequally felt. Yet, within these analyses, impacts on the urban-rural divide are often overlooked. As we detail below, the federal bill is likely to worsen the economic well-being of rural Colorado while providing substantial benefit to affluent suburban and mountain resort communities.
CAP: A New Immigration System To Safeguard America’s Security, Expand Economic Growth, and Make Us Stronger
July 7, 2025
"America needs to fix its broken immigration system. Bipartisan reform attempts have repeatedly failed over more than three decades, as Congress has kicked the can down the road without solving fixable problems. The existing, outdated system fails us all. We must make the immigration system work for America."
DC Fiscal Policy Institute: Statement on Final Passage of Federal Budget Reconciliation Bill
July 7, 2025
Today, Congressional Republicans gave final approval to a federal budget bill that makes historic cuts to social safety net programs, funnels unprecedented resources into mass deportation, and gives trillions in tax cuts largely to the wealthy while ballooning the deficit. Read more.
More Perfect Union: The One Big Beautiful Bill Is a Big Corporate Cash Grab
July 3, 2025
While the bill will make life harder for millions of current Medicaid recipients and low-income families, a wide swath of corporate America came out as big winners. Here’s a look at the industries that won in the “One Big Beautiful Bill,” and one that didn’t quite get everything it wanted.
Center for Law and Social Policy: Senate Budget Reconciliation Bill Sacrifices the Well-Being of Working Families to Give Tax Breaks to Billionaires
July 2, 2025
The budget reconciliation bill passed today by the Senate on a vote of 51-50, with Vice-President Vance casting the tie-breaking vote, will cause significant harm to millions of children and families, all for the sake of providing more tax breaks for the wealthy.
CBPP: Missouri Poised to Enact Appalling Giveaway to its Richest Residents
June 30, 2025
The exemption could reduce state revenues by around $600 million each year, according to the Institute on Taxation and Economic Policy, roughly equal to the cost of funding 11,000 public school teachers’ salaries. Read more.
Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.