
May 18, 2026
A gas tax suspension would cut federal revenue by $2.4 billion a month, and save families earning less than $53,000 a year about $5 a month, according to the Institute on Taxation and Economic Policy. Read more.
May 18, 2026
The U.S. gas tax is the single biggest source of revenue for federal highway and public transit programs. A suspension is unlikely to offset high prices at the pump, but “you could very easily imagine some kind of combination of higher national debt and lower funding for roads and bridges and other transportation projects,” Carl […]
May 18, 2026
In Illinois, low-income households pay more than double the share of their income in state and local taxes compared to the wealthiest 1%, according to the Institute on Taxation and Economic Policy. To balance the scales and improve public revenue for important social services, the state can cut loose from Trump’s corporate tax giveaways and […]
May 17, 2026
Marco, 26, graduated from one of the country’s top medical schools last week. He found his calling after witnessing his grandmother battle cancer, and he sometimes worked up to 40 to 60 hours a week to afford his education. That dream is now in jeopardy. Marco is one of the over 500,000 active recipients of […]
May 14, 2026
A federal gas tax suspension and subsequent federal spending cuts would add to the mounting national debt. The tax cut may benefit fuel industry leaders with little savings for consumers. Read more.
May 11, 2026
88 of America’s largest companies, including Tesla and United Airlines, paid no federal corporate income taxes in their last fiscal year. The Trump administration’s tax cuts favor wealthy households and corporations, while low income taxpayers foot the bill. Read more.
May 4, 2026
The economic strain from rising gas prices falls the hardest on low-income households. Actions from the Trump administration to counter these costs have little to no impact Read more.
April 30, 2026
Steve Wamhoff, at the Institute on Taxation and Economic Policy, said, “The net effect this year of all Trump’s tax policies is to increase taxes on the average American in all income groups aside from the richest 5%.” Read more.
April 30, 2026
Eliminating property taxes in the state will cut crucial funding to local services—and this is probably why Ohio lawmakers have not backed the grassroots initiative, expert Kamolika Das, local policy director at the Institute on Taxation and Economic Policy (ITEP), told Newsweek last year. Read more.
April 30, 2026
A family earning between $49,000 and $78,000 annually would pay an average of $535 more in taxes if Missouri’s income tax is repealed and replaced with higher sales taxes, according to the Institute on Taxation and Economic Policy. Read more.
April 30, 2026
Different forms of a tax on millionaires are spreading across the nation. These moves can help balance state tax structures that are tilted against lower earners. Read more.
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
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.
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.
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 […]
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.
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.
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.
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 […]
April 9, 2026
Reducing or eliminating property taxes will erode services by cutting off the source of revenue for local governments. Read more.
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.
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.
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.”
March 30, 2026
You can also see the segment here
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.
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].