Institute on Taxation and Economic Policy (ITEP)

Publications

IRS Enforcement Boost Was Supposed to Last 10 Years. Congress Killed It in Under Three.

The IRS was set to overhaul how it audits the ultra-rich. Now most of that funding is gone.

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What Corporations Have to Gain from the Gutting of the IRS

May 7, 2025 • By Matthew Gardner, Spandan Marasini, Steve Wamhoff

What Corporations Have to Gain from the Gutting of the IRS

Seven huge corporations recently announced that in 2024 they were allowed to collectively keep $1.4 billion in tax breaks from previous years that they had publicly admitted would likely be found illegal if investigated – all because the tax authorities were unable to identify and disallow them before the statute of limitations ran out.

Sharp Turn in Federal Policy Brings Significant Risks for State Tax Revenues

Summary The new presidential administration and Congress have indicated that they intend to bring about a dramatic federal retreat in funding for health care, food assistance, education, and other services that will push more of the responsibility for providing these essential services to the states. Meeting these new obligations would be a challenging task for […]