Institute on Taxation and Economic Policy (ITEP)

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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.

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.

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.

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 […]

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 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.

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.”

Politico: Governors Forgo Past Response to High Gasoline Prices

March 26, 2026

State budgets are stretched thinner than they were in 2022 when Russia’s invasion of Ukraine prompted gas tax holidays. Today, a gas tax holiday could have even less effect than 2022’s underwhelming impacts. Read more.

Stateline: Gas Prices Rise Again As Some States Consider Tax Holidays

March 25, 2026

When fuel supply is constrained, a significant share of the savings can be absorbed within the oil and gas supply chain rather than passed on at the pump. State-level examples reflect similar patterns, as seen in a recent ITEP analysis. Read more.

USA Today: Californians Want To Tax Billionaires. They’re Threatening To Leave.

March 25, 2026

Carl Davis, research director at the Institute on Taxation and Economic Policy, predicts the number of billionaires who might leave California over the billionaire tax “will be greater than zero, but still very, very small.” Read more.

Remapping Debate: With IRS Enforcement Down, State and Local Tax Revenues Could Suffer, Too

March 23, 2026

“There is no substitute for a robust federal tax enforcement program,” Carl Davis, research director at the Institute on Taxation and Economic Policy, said. “But even so, states should still do their best to fill the gaps that have been created by drastic cuts to IRS enforcement.” Read more.

Newsweek: Plan To Scrap Property Tax Could See Other Taxes Rise

March 23, 2026

School property taxes raise between $15 to $17 billion in Pennsylvania, according to Kamolika Das, local policy director at the Institute on Taxation and Economic Policy. This massive revenue source for Pennsylvania would be hard to replace, even if residents were willing to face higher sales and income taxes. Read more.

Barron’s: Tax the Rich or Kill Income Taxes? States Are Divided on What To Do.

March 23, 2026

“The Trump administration’s actions over the last year are a big part of what’s making these revenue raising plans necessary at the state level”, said Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy. The 2025 federal tax law cuts state funds for Medicaid and gives the wealthiest 1% in the U.S. tax […]

Yahoo Finance: Property Taxes Are Skyrocketing. But States Are Learning That Cutting Them Has Major Consequences.

March 23, 2026

Lowering property taxes can have unintended long-term consequences for local housing markets. Higher property taxes act like a future mortgage payment. This long-term investment would lower prices and make it easier for first-time homebuyers to gain a foothold in the market. Read more.

Los Angeles Times: Ted Cruz and His GOP Colleagues Are Pushing Yet Another Tax Break for the 1%

March 19, 2026

The Capital Gains Inflation Relief Act of 2025 is just as unpopular as similar bills Sen. Cruz introduced in 2018 and 2021, neither of which passed. Steve Wamhoff of the Institute on Taxation and Economic Policy in 2019, “sounds logical until you think about it.” The legal and economic considerations haven’t changed since then. Read […]

Stateline: Republican Push To Increase Sales Taxes Would Fall Hardest on Lower-Income Residents

March 19, 2026

Lawmakers consider increasing sales taxes to offset budget cuts to property or income taxes. This will force lower- and middle-income residents, who spend a larger share of their earnings than the wealthy, to foot more of the bill for state services. Read more.

Los Angeles Times: Eliminating a Corporate Tax Break Is Pitched as a Way To Make Up for Federal Healthcare Cuts

March 17, 2026

Carl Davis, a research director at the Institute on Taxation and Economic Policy, stated that there is growing support nationwide to repeal the water’s edge tax break as public awareness of profit shifting spreads. “Folks are outraged when they hear that these companies are pretending that they are earning their profits in the Caymans or […]

The Independent: Inside the Widening Income Tax Rate Gap for Residents in Blue States Compared to Red States

March 17, 2026

Eliminating income tax means lower and middle-income families will have to pay more. “Public services would be cut, other taxes and levies that fall more heavily on low- and middle-income families (including sales taxes, excise taxes, fees and fines) would be increased, or — most likely — both those things would happen,” Aidan Davis from […]

Newsweek: Poorest Americans in 9 States Pay More Because of Trump Tax Breaks—Study

March 17, 2026

InvestorsObserves’ report, based on analysis by the Institute on Taxation and Economic Policy, found that the impact of the Trump administration’s OBBB is heavily tilted in favor of those already at the top. Read more.  

Bloomberg: Elizabeth Warren Asks Meta, Amazon, and Others Why They’re Laying Workers off Despite Tax Perks

March 17, 2026

Sen. Warren asks the companies to detail their 2025 tax cuts, tariff refunds, any contributions to Trump’s projects, and why they laid off workers. Meta “paid an effective federal income tax rate of just over 3.5 percent in 2025,” Matt Gardner at the Institute on Taxation and Economic Policy wrote in an analysis last month, […]

NBC10: Pennsylvania Among States Trying To Balance Rise in Revenue With Gambling Issues

March 17, 2026

“The sports gambling sector is growing fast,” said Nick Johnson, an analyst with the Institute on Taxation and Economic Policy. “In a few states, it’s really starting to produce a pretty remarkable amount of revenue.” Read more.

Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].