Institute on Taxation and Economic Policy (ITEP)

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6,239 posts

Maine Center for Economic Policy: 2026 Session Recap: Tax Policy

• By ITEP Staff

A recap of Maine’s 2026 legislative session covers the state’s new millionaire tax, decoupling of last summer’s regressive federal tax provisions, and the expansion of the property tax fairness credit. Read more.  

Pittsburgh Post-Gazette: Trump’s Tariffs Erased Trump’s Tax Cuts

April 24, 2026

As April 15 drew near, Republicans from President Donald Trump on down took turns praising the GOP tax law, their signature accomplishment. … But a recent ITEP study found that there wasn’t more money going into the pockets of anyone but the wealthy. Read more

ITEP Cited in Academic Journal on State Child Tax Credits

• By ITEP Staff

State Child Tax Credits are a promising and increasingly popular policy to reduce child poverty, strengthen family economic stability, and promote healthy development. Read more.

Sen. Dick Durbin Comments on Government Funding and Tax Breaks

• By ITEP Staff

According to the Institute on Taxation and Economic Policy, at least 88 of some of the largest corporations—including Tesla, Coinbase, and Palantir—made more than $105 billion in 2025. But they paid zero dollars in federal income tax because of the Republican’s One Big Beautiful Bill Act. Collectively, billionaires added $1.5 trillion to their wealth in 2025 […]

Ranking Member DeLauro Opening Remarks at Financial Services, General Government Fiscal Year 2027 Appropriations Full Committee Markup

• By ITEP Staff

Among the excerpts from Rep. DeLauro: Our tax system is broken. Working families are forced to pay far more in taxes as a percentage of their wealth, while massive, multi-billion dollar companies routinely game the system to avoid paying any taxes at all. The Institute on Taxation and Economic Policy (ITEP) just released a report […]

Business Insider: New York Wants to Tax Empty Second Homes. Here’s What Happened in Cities That Tried It.

April 22, 2026

Mayor Zohran Mamdani is gearing up to tax the rich — if they live elsewhere but own multimillion-dollar properties in New York City. Read more.

Testimony: ITEP’s Miles Trinidad Explains Why Vermont Should Adopt a Wealth Proceeds Tax

• By Miles Trinidad

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.

Center for American Progress: Stabilizing and Strengthening State Funding for Public Higher Education After the Big Beautiful Bill

• By ITEP Staff

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.

Sen. Kelly: Bill Would Repeal Federal Private School Voucher Program

• By ITEP Staff

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.

Kentucky Center for Economic Policy: Kentuckians Hit Hard by Rising Gas Prices

• By ITEP Staff

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.

Oxfam: Wealth of the 10 richest California billionaires grew by nearly 50% in the last year

• By ITEP Staff

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.

America’s Voice: Your Tax Day Reminder That Immigrants Pay Billions in Taxes Every Year

• By ITEP Staff

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 Shows Ohio Capital Gains Tax Cut Is Another Handout for the Rich

• By ITEP Staff

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.

Washington Center for Equitable Growth: The Other Two-Tiered U.S. Tax System: How Pass-Through Businesses Let the Ultra-Wealthy Dodge Federal Taxes

• By ITEP Staff

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.

Missouri Budget Project: Ill-Conceived Tax Proposals Would Increase Taxes for Most Missourians, Damage Communities & Economy

• By ITEP Staff

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 […]

Every Texan: Two Property Tax Plans, One Fiscal Reality

• By ITEP Staff

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.

FACT Coalition: Take the Money and Run – Amidst Oil Price Windfalls, U.S. Oil Majors Continue to Pay Less Tax at Home than Abroad

• By ITEP Staff

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. […]