Institute on Taxation and Economic Policy (ITEP)

Citations

6,227 posts

Institute for Policy Studies: A Perfect Storm: How Federal Policy Changes Are Increasing Economic Insecurity for America’s Families

• By ITEP Staff

This report examines how recent policy changes in healthcare, food assistance, housing, and immigration are affecting families and communities, while also outlining what to expect in the coming year.

Podcast: ITEP’s Amy Hanauer Discusses Tax Inequality on Civic Lens

August 18, 2026

Corporate taxes, economic inequality & who pays for government.

The American Prospect: The Companies That Got $83 Billion in Tax Breaks Last Year

August 18, 2026

According to a recent analysis by the Institute on Taxation and Economic Policy (ITEP), companies avoided paying more than $200 billion in federal income tax in 2025.

National Conference of State Legislatures: The State of Sales Tax Holidays

• By ITEP Staff

It’s back-to-school time again, and for many families it’s time to start planning shopping trips to stock up on supplies and new clothes for the coming year. For many states, this means hosting sales tax holidays to assist parents and students with these annual purchases. Sales tax holidays are limited windows of time during which […]

Video: ITEP’s Miles Trinidad Talks Sales Tax Holidays on Texas’ ‘Capitol Tonight’ Show

August 12, 2026

See the clip here:

ITEP Cited in Lawsuit Filed by Advocates and 18 State Attorneys General to Stop IRS-ICE Data Sharing

• By ITEP Staff

Several states filed a legal brief last week urging the courts to side with plaintiffs who have sued the Trump administration in an attempt to have the IRS-ICE data sharing agreement stuck down. The legal brief cites three ITEP reports (see pages 9-10 and 14). Read more

St. Louis Post-Dispatch: After Missouri Voters Reject Income Tax Plan, Governor Says He’ll Still Work to Cut Taxes

August 7, 2026

Voters overwhelmingly rejected a proposed constitutional amendment Tuesday that would have triggered the phase-out of the state’s income tax by giving lawmakers the ability to raise sales and services taxes.

Center for American Progress: Americans Pay the Price for Trump’s War While Oil and Gas Companies Get Rich

August 7, 2026

As Americans pay more at the pump, five of the top oil and gas companies have brought in $65.5 billion in profit so far this year—up 65 percent from this time last year.

Daily Press: Editorial: Tax-free weekends are bad policy but don’t tell Virginians

August 6, 2026

At a time when the price of nearly everything — from eggs and beef, to gasoline and electronics — is soaring, every little break can help a family stay on budget.

Idaho Center for Fiscal Policy: How the One Big Beautiful Bill’s Tax Changes Impact Idaho Families

• By ITEP Staff

The One Big Beautiful Bill Act (OBBBA) made major changes to public programs and the federal tax code. It included about $4.5 trillion in tax cuts, with most of the benefits going to higher-income households. To help pay for those tax cuts, the law also reduced funding for health care and food assistance and shifted some federal costs onto the states.

Nevada Current: Lombardo says he’s powerless to address affordability

August 4, 2026

The state of Washington, which, like Nevada has no income tax, gave taxpayers a tax credit to help them get by. 

Bloomberg News: Microsoft’s US Taxes Drop, Revenue Jumps After Trump Cuts

August 3, 2026

"We know that Microsoft in particular and tech sector more generally are spending huge amounts of money in the last year, especially the last six or last three months, on artificial intelligence," said Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy. "It's super clear that data center capex is eligible for depreciation."

Economic Opportunity Institute: What the Millionaires Tax would mean for Washington

• By ITEP Staff

In fact, thanks to the legislation’s expansion of the state’s Working Families Tax Credit and elimination of sales taxes on several categories of items, 95% of Washington households will pay less in state taxes, according to an analysis by the Institute on Taxation and Economic Policy.

Bloomberg Tax: Weaker Minimum Book Tax Rules Save Meta, Qualcomm Billions

July 30, 2026

“It’s pretty clear these two things are potentially at odds,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy. “The more Treasury tries to gut CAMT, the more the side-by-side agreement potentially falls apart.”

USA TODAY: States are relying more on sales taxes. Here’s why that matters

July 30, 2026

Over time, some states have slashed corporate and personal income taxes while also raising the sales tax rate. In 11 states, “all three of those things have happened,” said Sarah Austin, a senior analyst at ITEP and author of the report. 

CBS Missouri: What would eliminating income tax mean for Missourians?

July 30, 2026

"The state isn't going to raise any money, but that doesn't mean it's going to be net neutral for each person," Eli Byerly-Duke, a state policy analyst at the Institute on Taxation and Economic Policy, said.

Senator Elizabeth Warren: Warren, King Seek Data on Tax Break for Ultra-Wealthy Expanded by Republicans in One Big Beautiful Bill

• By ITEP Staff

The QSBS exclusion allows investors who buy stock in a “qualified business” to write off as much as 100 percent of their capital gains when they sell that stock, in some cases delivering millions of dollars in tax breaks. 

Business Insider: States want to tax the rich less. They’re taxing your purchases more.

July 27, 2026

As many voters clamor for higher taxes on the ultrawealthy and corporations, many states have moved in the opposite direction: lowering taxes on high earners and raising them on everyday goods.

Barron’s: Back to School Spending Expected to Set Records as Shoppers Hunt for Bargains

July 27, 2026

Shoppers are especially focused on value and spacing out purchases as they shop for back to school this summer, but overall spending is still expected to reach record levels.

Senator Chris Van Hollen: Van Hollen, Pettersen Lead Lawmakers in Introducing Legislation to Bring Transparency to Corporate Abuse of Tax Havens, Job Offshoring

• By Matthew Gardner

U.S. Senator Chris Van Hollen and U.S. Representative Brittany Pettersen led their colleagues in reintroducing the Disclosure of Tax Havens and Offshoring Act, legislation to provide transparency around corporations’ use of tax havens and incentives to offshore jobs.

Center on Budget and Policy Priorities: Missouri Tax Amendment Likely to Seriously Harm Services, Shift Taxes Onto Working Families

• By ITEP Staff

In early August, Missouri voters will decide one of the most consequential state tax policy questions in recent memory: whether to eliminate their state’s personal income tax.

California Budget & Policy Center: Should Voters Approve Prop. 3? How Top Tax Rates Have Helped Californians

• By ITEP Staff

Proposition 3 will appear on the November 2026 statewide ballot, asking California voters whether to make permanent the higher-income tax rates on the state’s highest earners. 

Migration Policy Institute: Rooted in the Valley: Immigrants in Napa County’s Communities and Economy

• By ITEP Staff

Immigrants made up 29 percent of Napa County’s workforce as of 2019–23, with those working in the wine and hospitality industry generating an estimated $1.5 billion in county GDP.

The Bell Policy Center: Colorado Ballot Guide 2026

• By ITEP Staff

According to the Institute on Taxation and Economic Policy, immigrants without documentation contributed $436.5 million in state and local taxes in Colorado in 2022.

CSG Midwest: Conform or decouple? Changes in federal tax policy stir debates in state legislatures

• By ITEP Staff

“Congress often tinkers with the tax code from one year to the next, so state conformity debates happen all the time, says Carl Davis, research director at the Institute on Taxation and Economic Policy. “But they’re usually much more minor considerations.”