Institute on Taxation and Economic Policy (ITEP)

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Critical Public Health: Fiscal Reform Under the “One Big Beautiful Bill” and It’s Public Health Implications

The ‘One Big Beautiful Bill’ is framed by its proponents as the largest middle-class tax cut in U.S. history and a catalyst for economic growth. Yet, beneath the marketing of ‘jobs, tax cuts, and American prosperity’, the legislation conceals sweeping rollbacks of Medicaid, food assistance, education, reproductive care, and expanded immigration enforcement, alongside tax windfalls for venture capital and immigration enforcement.

Video: ITEP’s Miles Trinidad Discusses Downsides of Florida’s Sales Tax Holiday

September 2, 2026

Florida is entering into one of its biggest sales tax holidays for hunting, fishing, and camping, with state officials projecting consumers to save around $40 million this year.

Detroit Free Press: John James Wants to Ax Income Tax. Experts See Cuts, Boon for Wealthy

August 31, 2026

The income tax helps fund schools, Medicaid, prisons, state police and more. Eliminating it would entail a massive overhaul of public services and benefit the wealthiest Michiganders, according to fiscal and tax policy experts.

NPR: U.S. Businesses Are Getting Tariff Refunds. Will Customers Get Any Money Back?

August 25, 2026

"It's all just a giant transfer from consumers to corporations, which - you can't really design a worse tax than that."

Seattle Times: We’re No. 1 – for Corporate Tax Breaks

August 24, 2026

"It's the biggest we've ever seen for one company," says Matthew Gardner, a senior fellow for the Institute on Taxation and Economic Policy. "It's a turbocharged amount. It's more than triple the previous record."

Video: ITEP’s Amy Hanauer Explores Tax Fairness on Story in the Public Square

August 19, 2026

It’s been said that the only things certain in life are death and taxes. But Amy Hanauer of the Institute on Tax Policy and Economic Policy says that for some, taxes might not be on that list anymore—with societal implications for us all. She’s discussing that this week with host Jim Ludes this week on […]

Institute for Policy Studies: A Perfect Storm: How Federal Policy Changes Are Increasing Economic Insecurity for America’s Families

This report examines how recent policy changes in healthcare, food assistance, housing, and immigration are affecting families and communities, while also outlining what to expect in the coming year.

Podcast: ITEP’s Amy Hanauer Discusses Tax Inequality on Civic Lens

August 18, 2026

Corporate taxes, economic inequality & who pays for government.

The American Prospect: The Companies That Got $83 Billion in Tax Breaks Last Year

August 18, 2026

According to a recent analysis by the Institute on Taxation and Economic Policy (ITEP), companies avoided paying more than $200 billion in federal income tax in 2025.

National Conference of State Legislatures: The State of Sales Tax Holidays

It’s back-to-school time again, and for many families it’s time to start planning shopping trips to stock up on supplies and new clothes for the coming year. For many states, this means hosting sales tax holidays to assist parents and students with these annual purchases. Sales tax holidays are limited windows of time during which […]

ITEP Cited in Lawsuit Filed by Advocates and 18 State Attorneys General to Stop IRS-ICE Data Sharing

Several states filed a legal brief last week urging the courts to side with plaintiffs who have sued the Trump administration in an attempt to have the IRS-ICE data sharing agreement stuck down. The legal brief cites three ITEP reports (see pages 9-10 and 14). Read more

St. Louis Post-Dispatch: After Missouri Voters Reject Income Tax Plan, Governor Says He’ll Still Work to Cut Taxes

August 7, 2026

Voters overwhelmingly rejected a proposed constitutional amendment Tuesday that would have triggered the phase-out of the state’s income tax by giving lawmakers the ability to raise sales and services taxes.

Center for American Progress: Americans Pay the Price for Trump’s War While Oil and Gas Companies Get Rich

August 7, 2026

As Americans pay more at the pump, five of the top oil and gas companies have brought in $65.5 billion in profit so far this year—up 65 percent from this time last year.

Daily Press: Editorial: Tax-free weekends are bad policy but don’t tell Virginians

August 6, 2026

At a time when the price of nearly everything — from eggs and beef, to gasoline and electronics — is soaring, every little break can help a family stay on budget.

Idaho Center for Fiscal Policy: How the One Big Beautiful Bill’s Tax Changes Impact Idaho Families

The One Big Beautiful Bill Act (OBBBA) made major changes to public programs and the federal tax code. It included about $4.5 trillion in tax cuts, with most of the benefits going to higher-income households. To help pay for those tax cuts, the law also reduced funding for health care and food assistance and shifted some federal costs onto the states.

Nevada Current: Lombardo says he’s powerless to address affordability

August 4, 2026

The state of Washington, which, like Nevada has no income tax, gave taxpayers a tax credit to help them get by. 

Bloomberg News: Microsoft’s US Taxes Drop, Revenue Jumps After Trump Cuts

August 3, 2026

"We know that Microsoft in particular and tech sector more generally are spending huge amounts of money in the last year, especially the last six or last three months, on artificial intelligence," said Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy. "It's super clear that data center capex is eligible for depreciation."

Economic Opportunity Institute: What the Millionaires Tax would mean for Washington

In fact, thanks to the legislation’s expansion of the state’s Working Families Tax Credit and elimination of sales taxes on several categories of items, 95% of Washington households will pay less in state taxes, according to an analysis by the Institute on Taxation and Economic Policy.

Bloomberg Tax: Weaker Minimum Book Tax Rules Save Meta, Qualcomm Billions

July 30, 2026

“It’s pretty clear these two things are potentially at odds,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy. “The more Treasury tries to gut CAMT, the more the side-by-side agreement potentially falls apart.”

USA TODAY: States are relying more on sales taxes. Here’s why that matters

July 30, 2026

Over time, some states have slashed corporate and personal income taxes while also raising the sales tax rate. In 11 states, “all three of those things have happened,” said Sarah Austin, a senior analyst at ITEP and author of the report. 

CBS Missouri: What would eliminating income tax mean for Missourians?

July 30, 2026

"The state isn't going to raise any money, but that doesn't mean it's going to be net neutral for each person," Eli Byerly-Duke, a state policy analyst at the Institute on Taxation and Economic Policy, said.

Senator Elizabeth Warren: Warren, King Seek Data on Tax Break for Ultra-Wealthy Expanded by Republicans in One Big Beautiful Bill

The QSBS exclusion allows investors who buy stock in a “qualified business” to write off as much as 100 percent of their capital gains when they sell that stock, in some cases delivering millions of dollars in tax breaks. 

Business Insider: States want to tax the rich less. They’re taxing your purchases more.

July 27, 2026

As many voters clamor for higher taxes on the ultrawealthy and corporations, many states have moved in the opposite direction: lowering taxes on high earners and raising them on everyday goods.

Barron’s: Back to School Spending Expected to Set Records as Shoppers Hunt for Bargains

July 27, 2026

Shoppers are especially focused on value and spacing out purchases as they shop for back to school this summer, but overall spending is still expected to reach record levels.