Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

Associated Press: Governor Suggests Hawaii May Scale Back on Income Tax Cuts, Tap Reserves To Help Balance Budget

December 10, 2025

Some critics questioned the structure of the tax cuts from the beginning, citing analysis by the Institute on Taxation and Economic Policy that concluded nearly half of the savings from the income tax cuts would go to the top the top 20% of earners, meaning people who earn more than $147,000 annually. It now appears Green may be taking […]

CNN: Why Trump Is Speaking Like a Democrat About Obamacare

December 4, 2025

He fought against Obamacare for years, and his “One Big Beautiful Bill” act is expected to cut more than $1 trillion from health care and food stamps. That’s why his support for extending the enhanced subsidies has surprised some political observers. Read more.

The Associated Press: FACT FOCUS: Trump Says Tariffs Can Eventually Replace Federal Income Taxes. Experts Disagree

December 4, 2025

Tariff revenue doesn’t even come close to where it would need to be if federal income taxes were eliminated, and experts say such a plan isn’t at all feasible. Read more.

Newsweek: Republican Governor to Propose Scrapping Income Tax

December 3, 2025

The Institute on Taxation and Economic Policy (ITEP) said that eliminating a state’s income tax, anywhere, benefits wealthy people over lower-income residents. Read more.

PBS/NPR Southwest Florida: Eliminating Property Taxes Would Make Florida’s ‘Worst in the U.S.’ Regressive System Even Worse

December 3, 2025

The Sunshine State has the most “regressive” tax structure of all 50 states, according to a recent study by a national tax analysis organization. That means the wealthy pay a lower percentage of their income in taxes while the poor and middle class pay more. Read more.

The working class drives prosperity, and it’s time for an agenda in Frankfort that puts them first. From the state’s rural counties to our biggest cities, it’s Kentuckians—whether white, Black or brown—who make it all go. Supported by the right policies, ones that reward their efforts and prioritize their concerns, more Kentuckians could work in […]

Washington Post: Corporations To Claim $16B From Retroactive GOP Tax Break, Federal Report Says

December 2, 2025

Corporations are expected to claim $16 billion in new tax breaks this year for purchases they had already made and put into use before the July passage of the Republican tax law. Read more.

We are in the midst of what many are deeming the largest transfer of wealth in U.S. history from Black, brown and poor communities to the ultra-wealthy. The Institute on Taxation and Economic Policy (ITEP) estimates that Trump’s 2025 federal tax cuts will result in the richest 1% receiving $117 billion in tax cuts in […]

The Trump administration continues to enact harmful policies, like those contained in HR.1, which make massive cuts to education, health care, food assistance, and housing programs, to give tax cuts to the rich. The poverty rate is bound to continue to increase in the next few years. As a result, women and children will face […]

The Associated Press: Treasury Plans To Change Tax Credit Eligibility In a Move Critics Say Will Hurt Immigrant Taxpayers

November 21, 2025

The U.S. Treasury Department said Thursday it plans to reclassify certain refundable tax credits as “federal public benefits,” which will bar some immigrant taxpayers from receiving them, even if they file and pay taxes and would otherwise qualify. Read more.

St. Louis Post-Dispatch: Eliminating Missouri’s Income Tax Would Do Nothing but Shift Costs to the Poor

November 18, 2025

Those tempted by the allure of ditching that significant state tax bill every April 15 should insist their political representatives adhere to Kehoe’s own stated criterion for such a change: that the resulting tax policies “will make sense to everybody.” It’s difficult to see how this proposal would make sense for any but the state’s […]

Eliminating Georgia’s income tax would represent the largest transfer of wealth from working and middle-class families to high income individuals and corporations in state history. Doing so would dramatically push Georgia’s budget out of balance, given that the income tax has been the state’s single largest source of revenue since 1982. Read more.

Economic Policy Institute: Raising Taxes on the Ultrarich

November 17, 2025 • By ITEP Staff

The public has supported raising taxes on the ultrarich and corporations for years, but policymakers have not responded. Small increases in taxes on the rich that were instituted during times of Democratic control of Congress and the White House have been consistently swamped by larger tax cuts passed during times of Republican control. Read more.

To make sure every community in Virginia is a good place to live, work, and raise a family, we must invest in quality public education, health care, affordable housing, access to food, and other important services and supports. Read more.

In 2026, Kentucky’s richest 5% will receive $3.4 billion from tax cuts enacted over the last decade. That’s revenue no longer available to meet people’s needs. Kentucky workers, meanwhile, are facing stagnant and inadequate wages and a growing cost of living crisis that will get worse if state budget cuts are enacted. Read more.

The New Republic: Trump’s Quiet Giveaway to His Big Business Cronies

November 12, 2025

An ITEP study of the 296 most consistently profitable companies in the S&P 500 and Fortune 500 found that between 2013 and 2021 these companies’ profits grew by 44 percent even as their tax bills fell by nearly half. Read more.

The Guardian: How Could Zohran Mamdani Pay for His Bold Agenda for New York? We Broke it Down

November 10, 2025

Mamdani’s ideas are very popular and would solve basic problems. Democrats now hold large majorities in the legislature, and some see economic and political pathways to making the proposals reality. Read more.

Wall Street Journal: Trump’s Tax Cuts are Exposing Companies to Biden’s Tax Hike

November 10, 2025

Large companies are running into a problem as they try to claim some of the tax cuts that the Republican Congress passed this summer: They can’t escape the corporate tax increase that Democrats passed three years ago. Read more.

To prioritize Idaho businesses and protect revenue for public services, the Center recommends remaining decoupled from (1) bonus depreciation, and decoupling from (2) qualified production property deduction, (3) research and experimentation (R&E) cost recovery, (4) relaxed interest deductibility cap, and (5) deduction of foreign derived intangible income. Read more.

USA Today: Would Mamdani’s ‘Millionaire Tax’ Chase the Rich out of New York City?

November 6, 2025

Higher taxes don’t generally prompt wealthy people to move, said Kamolika Das, local policy director at the Institute on Taxation and Economic Policy… Read more.

Spotlight on Poverty and Opportunity: Cities Could Slash Child Poverty With Tax Credits, Analysis Finds

November 6, 2025

A new report by the Center on Poverty and Social Policy at Columbia University and the Institute on Taxation and Economic Policy (ITEP) uses data from 14 cities to show how local Child Tax Credits could augment federal and state efforts to reduce child poverty by as much as 50 percent. Read more.

Wall Street Journal: The Economics Behind Zohran Mamdani’s Biggest Plans

November 5, 2025

Zohran Mamdani coasted to victory in the New York City mayoral race with a platform focused on making the city more affordable. He has promised ambitious social programs like universal child care and more affordable housing, with plans to fund his agenda primarily through higher taxes on businesses and on New York City’s highest earners. Read […]

This past year has been indelibly shaped by concentrated wealth and power. The 10 richest U.S. billionaires got $698 billion wealthier, and the arrival of the world’s first trillionaire grew more imminent. The Trump administration—largely with the support of the Republican-controlled Congress—has moved with staggering speed and scale to carry out a relentless attack on […]

Virginia Public Radio: What a “Wealth Proceeds Tax” Could Look Like in Virginia

November 3, 2025

Tax the rich. That’s the idea behind the wealth proceeds tax, which would hit things like dividends, interest and capital gains. A new report from the Institute on Taxation and Economic Policy says a three percent wealth proceeds tax in Virginia would generate about a billion dollars of new revenue. Read more.

The Nation: Texas Republicans Are Doubling Down on Banning Capital Gains Taxes

October 31, 2025

If passed, the constitutional amendment would lock out a potential source of future state funding and disproportionately benefit wealthy households. Read more.