Institute on Taxation and Economic Policy (ITEP)

Citations

6,239 posts

DC Fiscal Policy Institute: DC Can Raise Nearly $200 Million With a Simple Tax on Proceeds from Wealth

• By ITEP Staff

To solve DC’s mounting budget crisis without deepening entrenched racial and economic inequalities, DC lawmakers should tax DC’s extreme concentration of wealth to help turn the fiscal tide.

New York Times: Corporate Tax Revenue Falls Even as Profits Soar Under Trump

October 19, 2026

The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.

USA Today: Trump’s Policies Raised Costs for All But the Top 1%, Report Says

October 19, 2026

The Trump administration’s economic policies have driven up taxes and costs for all but the wealthiest 1% of Americans, according to a new analysis from an economic think tank. 

Washington Post: 7 Ways the D.C Council Is Weighing Increasing Taxes

October 19, 2026

The D.C. Council is considering several tax proposals as the city faces a major fiscal cliff.

Policy Matters Ohio: Capital Gains Tax Cuts Benefit Few Ohioans, Harms Far More

• By ITEP Staff

Ohio House Bill 617 would eliminate state and local taxes on capital gains. Fewer than 1 in 5 Ohio tax filers would benefit from a capital gains tax cut, and those benefits would primarily go to a small number of high-income households. The resulting loss of state revenue could limit funding for public investments that contribute to long-term economic growth and opportunity for all Ohioans.

The Independent: Trump Team Under Fire for Delaying IRS Report on the Impact of His Tax Cuts: ‘I think They’re Hiding Stuff’

October 15, 2026

Data from missing reports under IRS chief Frank Bisignano could be embarrassing to Republicans running on Trump’s One Big Beautiful Bill.

Immigration Research Initiative: ICE Spike Means 32,000 Fewer Jobs in Minnesota

• By ITEP Staff

It is increasingly clear that the program of mass deportation being carried out by the current administration is hurting American workers, both immigrants and those born in the United States. Nowhere has this been more stark than in Minnesota. In the peak months of December 2025 through February 2026, the massive surge in ICE arrests ripped people away from their families, their jobs, and their communities. A shocking nearly 4,000 arrests took place in Minnesota…

Pennsylvania Senate Democrats: Senator Kearney Introduces Constitutional Amendment to Repeal Uniformity Clause, Expand Options for Tax Fairness in Pennsylvania

• By ITEP Staff

Senator Tim Kearney (D-Delaware) is introducing legislation to amend the Pennsylvania Constitution by repealing the Uniformity Clause, a provision that locks Pennsylvania into one of the nation’s most regressive tax systems and prevents lawmakers from pursuing tax policies that better support working families and small businesses.

Policy Matters Ohio: Gas Tax Holiday Won’t Make Ohio Affordable; Legislators Have Better Options

• By ITEP Staff

The gas tax holiday is poorly targeted tax policy that provides too little relief to the people who need it most, drains crucial resources from the state budget, and fails to confront one of the primary drivers of the affordability crisis: inadequate wages for working people. Ohioans need relief. They also deserve better than a temporary tax gimmick.

American Civil Liberties Union: 76 Ways Mass Deportation Is Breaking Our Democracy

• By ITEP Staff

This report traces 76 ways the Trump administration has used the mass deportation agenda to undermine America’s multiracial democracy and civil rights and liberties.

MS NOW cites ITEP’s fuel price tracker

October 6, 2026

The Iran War has significantly raised energy prices. The Last Word on MS NOW highlights our interactive fuel price tracker that shows how much Americans have paid as a result.

HuffPost: How the GOP’s Signature Law Is Fueling One of Its Biggest Political Problems

October 2, 2026

When Republicans passed the One Big Beautiful Bill Act last year, they knew Democrats would hit them for cutting rich people’s taxes, but they never expected a provision titled “Full expensing for certain business property” to blow up in their faces.

Associated Press: A New Trump Proposal Would Require Tax Filers to Disclose Citizenship Status to the IRS

October 2, 2026

The Trump administration would require U.S. taxpayers to disclose their citizenship and work authorization status to the IRS as part of a proposed change to the annual tax form that nearly all workers file each year.

WLRN: Online Tool Shows Hidden Impact of Amendment 3 Property Tax Relief on Local Government Services

September 30, 2026

A new interactive online search tool launched Tuesday aims to give Floridians a localized look at how Amendment 3, a contentious property tax relief measure on the 2026 ballot, could dramatically decrease funding for critical public services in local communities around the state.

Florida Policy Institute: Amendment 3 Local Funding Cuts Calculator

• By ITEP Staff

FPI's online calculator, powered by the Institute on Taxation and Economic Policy, shows how Amendment 3 would impact funding in your neighborhood.

Bloomberg Tax: Data-Center Spenders Save Billions From Depreciation Tax Break

September 28, 2026

“It’s as clear a case as you’re ever going to imagine of rewarding a company for doing something markets were already telling it to do,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy.

Business Insider: Inside the Generational Tax Battle Dividing Baby Boomers, Millennials

September 23, 2026

Cuts for boomers, bigger bills for millennials: inside America's new age fight over who pays taxes.

Stateline: Voters to Decide Fate of State Taxes This Fall

September 23, 2026

At least nine states are putting tax policy directly in voters’ hands. Read more.

Massachusetts Budget & Policy Center: Strengthening the Foundation: 28 Progressive Revenue Options for Building a Better Massachusetts

• By ITEP Staff

This new tool describes 28 ways the Commonwealth could generate substantial new revenue in a manner that would fall least heavily on people with the least ability to pay.

The Minnesota Star Tribune: Minnesota’s Biggest Firms Are Getting Tariff Refunds. Some Smaller Companies Are Not.

September 22, 2026

Earlier this year, the U.S. Supreme Court said businesses could get refunds from Trump’s illegal tariffs, but the process of getting the money back can create barriers for some small businesses.

WKRN: Tennessee Lawmakers Push New Legislation to End State Grocery Tax

September 17, 2026

Right now, Tennesseans pay a 4% sales tax on groceries, but some lawmakers say new legislation could change that.

Investopedia: Where the Richest 1% Grab the Biggest Share of Income, State by State

September 17, 2026

In most states, the top 1% of tax filers now collectively out-earn the entire bottom half.

Center on Budget and Policy Priorities: In Radical Departure From Long-Standing Policy and Federal Law, Trump Administration Proposes New Regulation to Take Tax Credits Away From Many Families That Include Immigrants With Lawful Status

• By ITEP Staff

The Treasury Department has proposed a rule that would take away the refunded portion of certain tax credits from many individuals with lawful immigration status.

POLITICO: Corporate Tax Payments Plunge as AI Feasts on New Incentives

September 14, 2026

A generous tax break on capital investments Republicans created in 2025 wasn't designed specifically for the AI boom, but hyperscalers are making the most of it.

Arizona Center for Economic Progress: What Does a Strong Arizona Economy Actually Look Like?

• By ITEP Staff

The Institute on Taxation and Economic Policy ranks Arizona as having the 13th most regressive tax system in the country. Colorado ranks 39th.