Institute on Taxation and Economic Policy (ITEP)

Trump-GOP Tax Law

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Big Tech Is Raking in Enormous Tax Breaks for AI Development

September 17, 2026 • By Matthew Gardner

Big Tech Is Raking in Enormous Tax Breaks for AI Development

OBBBA’s expensing provision is becoming especially lucrative for the companies building out AI infrastructure right now. There is no evidence whatsoever that tax breaks are necessary to encourage their construction.

Trump Says Exxon and Chevron Are Ripping Off Americans, But His Own Policies Are to Blame

President Trump lashed out at ExxonMobil and Chevron for “making too much money." These companies are reporting enormous profits right now, partly the result of Trump’s war in Iran but also due to the corporate tax policies he's passed during his time in office.

The Impact of Proposed New Tax Credit Restrictions for Immigrant Filers: An Analysis of the DACA Recipient Population

We find that 337,000 people in households with at least one DACA recipient will suffer financial harm, and that nearly two-thirds (66 percent) of the impacted individuals are U.S. citizens.

While States Debate New Trump Tax Changes, Equity Must Be at the Core

States continue to debate whether and how to link their state tax codes to the 2025 federal tax law. This is not just a technical debate.

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Year One of Trump-Republican Tax Policy: The Consequences

April 6, 2026 • By Michael Ettlinger

Year One of Trump-Republican Tax Policy: The Consequences

President Trump has dramatically increased tariff taxes, enacted large tax cuts that primarily benefit the wealthy and corporations, dramatically curtailed IRS enforcement, and issued legally problematic regulations.