Later this year, the Supreme Court will hear Moore v. United States which could become the most important tax case in a century.
News Releases
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news release September 27, 2023 As SCOTUS Considers ‘Moore’ Case, Hundreds of Billions of Dollars Hang in the Balance
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news release August 3, 2023 Gimmicky Sales Tax Holidays to Cost States & Localities $1.6 Billion This Year
Sales tax holidays are bad policies that have too often been used as a substitute for more meaningful, permanent reform.
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news release July 5, 2023 Big Corporations Have Reaped Billions in Tax Breaks from ‘Bonus Depreciation’
Big corporations have used a temporary policy that lawmakers are considering extending to get huge tax breaks, according to a new ITEP analysis. The new report looks at how much 25 major corporations saved from 2018-2022, and what their effective corporate tax rates have been as a result.
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news release June 12, 2023 ITEP Analysis: New Proposed Tax Cuts Would Flow Primarily to Wealthiest Americans and Foreign Investors
Contact: Jon Whiten ([email protected]) The trio of tax bills that House Republicans plan on moving forward this week include huge tax cuts that would mostly benefit the wealthiest Americans and… -
news release June 7, 2023 ITEP Statement: American Family Act Prioritizes Tax Credits for Low- and Middle-Income Families
Restoring the more robust CTC should be a top priority of all lawmakers from both sides of the aisle. But unfortunately, this bill stands in stark contrast to other tax bills taking shape that would deeply cut taxes for profitable corporations and wealthy families.
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news release May 28, 2023 ITEP Statement: Debt Deal Avoids the Elephant in the Room
It’s a relief to see that Congressional leaders and the President have come to an agreement to raise the debt limit and avert an economic disaster. But by instituting work requirements for critical assistance programs and rescinding important funding to crack down on wealthy tax cheats, this deal will rig the economy even more in favor of the most well-off Americans while failing to fix the real structural problems that led to the current debt crisis in the first place.
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news release May 11, 2023 States Looking to Make Property Taxes Affordable Should Turn to ‘Circuit Breakers’
Many state legislatures this year have been considering property tax cuts – but too many are ignoring the solution that speaks more directly to questions of property tax affordability than any other policy option: the “circuit breaker.”
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news release May 4, 2023 Extending Temporary TCJA Provisions: A Windfall for the Wealthy with an Enormous Price Tag
The push by Congressional Republicans to make permanent a series of tax laws that expire at the end of 2025 would cost nearly $300 billion in the first year and deliver the bulk of the tax benefits to the wealthiest Americans.
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news release March 30, 2023 ITEP Launches Local Tax Team
Contact: Jon Whiten ([email protected]) For decades, the Institute on Taxation and Economic Policy (ITEP) has played a role in shaping equitable and sustainable tax systems at the federal and state… -
news release March 22, 2023 Costly and Poorly Targeted Senior Tax Subsidies Widen Economic, Racial, and Generational Inequalities
Contact: Jon Whiten – [email protected] Costly and Poorly Targeted Senior Tax Subsidies Widen Economic, Racial, and Generational Inequalities State lawmakers should focus on improving overall tax fairness, not creating special… -
news release March 9, 2023 ITEP Statement: President Biden Lays Out a Bold Vision for Tax Justice in Proposed Budget
President Biden’s budget proposal presents a bold vision for what tax justice should look like in America. The provisions would raise substantial revenue, fund important priorities and increase tax fairness.
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news release March 7, 2023 Lured by Promises of Financial Gain, Wealthy Families are Flocking to Voucher Tax Shelters and Eroding Public Education in the Process
Contact: Jon Whiten – [email protected] Lawmakers in several states are discussing enacting or expanding school voucher tax credits, which reimburse individuals and businesses for “donations” they make to organizations that… -
news release January 17, 2023 Flat Taxes: ‘All Sizzle and No Steak’
While most states have a graduated rate income tax, some state lawmakers have recently become enamored with the idea of moving away from graduated rate personal income taxes and toward… -
news release November 16, 2022 State Child Tax Credits Have Enormous Potential to Cut Child Poverty
CONTACT: Jon Whiten New state-by-state data charts a course for how states can make headway for the next generation As the dust settles on this year’s elections and state lawmakers… -
news release October 13, 2022 Report: Ten States Hold 71 Percent of America’s Extreme Wealth
Tackling wealth inequality through the tax code can boost economic opportunity Washington, DC: Wealth inequality is rampant in every state and particularly concentrated in a handful of states, according… -
news release September 15, 2022 ITEP Policy Briefs: More and More States Are Helping Low-Income Families with New and Expanded Tax Credits
13 states plus D.C. created or expanded state CTCs or EITCs this year, helping create more equitable state tax systems WASHINGTON, D.C.: In 2022’s state legislative sessions, lawmakers across the… -
news release September 9, 2022 New Report Shows Romney Child Tax Credit Proposal Falls Short for Low- and Moderate-Income Families
Plan Would Leave 1 in 4 Children Worse Off Compared to Current Law and Help Half as Many Low-Income Children as the 2021 Expansion of the Credit Washington, D.C. —… -
news release August 12, 2022 ITEP: Inflation Reduction Act is Biggest Corporate Tax Reform in Decades
Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, issued the following statement on “The Inflation Reduction Act (IRA) of 2022,” the reconciliation bill passed today by… -
news release August 7, 2022 Inflation Reduction Act Will Increase Tax Fairness, Reduce Inequality
Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, issued the following statement on “The Inflation Reduction Act (IRA) of 2022,” the reconciliation bill passed today by… -
news release July 28, 2022 ITEP: Reconciliation Deal Represents “Transformational Change” for U.S. Tax Policy
Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, issued the following statement on “The Inflation Reduction Act of 2022,” the reconciliation bill announced yesterday by Senate… -
news release July 15, 2022 ITEP: Tax and Climate Provisions Are What Americans Want and Need
In response to conflicting reports on negotiations with Sen. Joe Manchin of West Virginia on tax increases and climate provisions, Amy Hanauer, ITEP Executive Director, released the following statement: Sen. Joe… -
news release March 28, 2022 ITEP Statement on Biden Administration’s Billionaire Minimum Income Tax Plan
The following is a statement from Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, on the Biden administration’s inclusion of a Billionaire Minimum Income Tax in… -
news release March 7, 2022 New 50-State Analysis: Poorest Two-Fifths Would Bear the Brunt of Sen. Rick Scott’s Proposed Tax Increase
“Billionaires are getting richer, and some of them are altogether avoiding taxes or paying a tiny percentage relative to their income and wealth. The 2017 tax law further worsened inequality by giving huge tax breaks to the rich. It’s inconceivable that a lawmaker would propose to single out the most vulnerable households for higher taxes.” –Steve Wamhoff
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news release November 19, 2021 House Passage of Build Back Better Bill Moves America’s Tax Code in the Right Direction
The Build Back Better plan that the House passed today will transform the country and make our tax code more progressive, more equitable and better able to pay for crucial priorities.
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news release November 15, 2021 ITEP Statement on President Biden Signing the Infrastructure Investment and Jobs Act
America does better when we invest in our people, our places and our planet. The infrastructure bill that President Biden signed today will restore and strengthen our physical infrastructure, making repairs and improvements that are long overdue. Now Congress needs to take the next step and pass legislation that taxes wealthy people and corporations to pay for our care and climate infrastructure.