Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

ITEP Policy Analyst Miles Trinidad testified on the need for a Wealth Proceeds Tax in Vermont on April 16, 2026 at the Vermont House Ways and Means Committee.

Funding cuts to higher education weaken the economy. States can drive revenue by adopting progressive tax structures and budgetary mechanisms to protect the education sector. Read more.

The “Keep Public Funds in Public Schools Act would repeal a private school voucher program created in the “One Big Beautiful Bill Act.” Read more.

CBS: As Iran War Drives Up Fuel Prices, States Are Hesitant To Suspend Gas Taxes. Here’s Why.

April 16, 2026

Experts express concern over gas tax suspensions as a way to counteract rising gas prices. “If the goal is to get tax cuts into the hands of working-class, middle-class drivers, it’s mostly going to miss the mark,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. Read more. 

Politico: Oil Company Founded by Energy Secretary Paid No US Taxes Last Year

April 16, 2026

Liberty Energy paid no federal corporate income taxes last year. The company founded and formerly run by Energy Secretary Chris Wright was among several energy companies included in a report issued Tuesday by the nonpartisan Institute on Taxation and Economic Policy naming 88 companies that together made more than $105 billion before taxes last year but paid […]

Fortune: How a Free Tax Filing System From the Government Went From 296,000 Users to Zero in Just One Year

April 16, 2026

“Killing Direct File is not irreversible,” Matthew Gardner said. “We had this brief period when, incredibly, the IRS was given the tools they need to introduce this helpful tool”. Read more.

The United States war in Iran has caused a spike in gas prices that now costs Kentuckians $175 million a month, according to the Institute on Taxation and Economic Policy. Read more.

Straight Arrow News: Geography Determines Tax Liability As More States Move To Tax the Rich

April 16, 2026

“Wealthy Americans are getting enormous tax breaks. If you raise rates on the very top, especially at a time of spiking inequality, you raise more revenue for the things your communities need,” said Amy Hanauer, the executive director of the Institute on Taxation and Economic Policy. Read more.

ITEP found that California’s richest 1% of households are set to get a $7.3 billion tax break in 2026 thanks to OBBBA. Read more.

Undocumented immigrants paid $96.7 billion in taxes in 2022, according to research from the Institute on Taxation and Economic Policy. ITEP’s research found that across 40 states, “undocumented immigrants pay higher state and local tax rates than the top 1 percent of households living within their borders.” Read more.

New York Times: Immigrants Are Scared To File Taxes. It Could Cost the U.S. Billions.

April 16, 2026

Before the agreement between the I.R.S. and ICE, unauthorized immigrants paid roughly $60 billion annually in federal taxes, according to the Institute on Taxation and Economic Policy. Read more.

Policy Matters Ohio analysis of data from the Institute on Taxation and Economic Policy demonstrates the drawbacks of eliminating the state and local capital gains tax. Read more.

Large entities get out of paying their fair share by filing as small businesses. The Institute on Taxation and Economic Policy argues for strengthening the corporate tax by closing the “pass-through loophole.” Read more.

The proposal would allow for expanded sales taxes to supplement income tax cuts. Read more.

Stateline: A New Gold Rush: States Stockpile Bars, Encourage Gold-Backed Debit Cards

April 13, 2026

Georgia, Oklahoma, and Utah consider legislation that encourages residents to use gold-backed debit cards and provides tax exemptions for such spending. Proponents argue this would combat inflation. “It’s hard to imagine a way of inflation-proofing people’s lives that is less accessible to most Americans than doing it with gold,” said Matthew Gardner, a senior fellow […]

Tax cuts make the system less fair. Circuit breakers, tax credits, and renters’ rebates can help housing affordability for low-income Texans at a lower cost to the state.  Read more.

The American Prospect: Live Tax-Free and Die

April 9, 2026

Reducing or eliminating property taxes will erode services by cutting off the source of revenue for local governments. Read more.

NPR: She Paid Into Medicare for Years. Trump’s Immigration Policy Will End Her Coverage

April 9, 2026

Eliminating coverage for immigrants with legal status is unprecedented. Undocumented immigrants paid $6.4 billion into Medicare and $25.7 billion into Social Security in 2022, according to the Institute on Taxation and Economic Policy. Read more.

The largest U.S. oil and gas companies continue to pay substantially more tax abroad than at home. Corporate tax breaks passed into law last summer are further reducing the effective tax rates of American oil and gas companies. Companies are required to reveal additional details about their taxes due to new accounting standards.  Read more. […]

The Guardian: Billionaire Fortunes Have Reached All-Time Highs Under Trump. So Has the Movement To Tax Them

April 6, 2026

In at least 10 states, residents are organizing campaigns to tax wealth to fund schools, prisons, and other social services. Read more.

Brookings: The Caregiving Crisis and the 2026 Vote

April 3, 2026 • By ITEP Staff

Children in the bottom 20% of households are left out of OBBBA childcare tax credits, according to the Institute on Taxation and Economic Policy.  Read more.

The vetoed bill would have redirected funds from public schools and public education to expand private voucher schools. Read more.

The Guardian: Washington State’s ‘Historic’ Millionaire Tax Takes Aim at Super-Rich – Will It Succeed?

March 31, 2026

This was very overdue, and people in Washington are really excited to see it,” she said. “The bottom line is that billionaires are walking away with a larger share of our economy every single year, and working people can’t afford the basics any more. This movement was growing, this moment was coming.”

Oxfam: The Case for Fairly Taxing the Rich in New York

March 26, 2026 • By ITEP Staff

https://itep.sfo2.digitaloceanspaces.com/OBBB-20250519-New-York.png Read more.