
May 18, 2026
A Missouri proposal to eliminate income tax and expand sales tax would result in depleted public funds and higher income inequality in the state. Read more.
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 17, 2026 • By ITEP Staff
The already dire conditions for Black and brown residents and those with low incomes are likely to worsen this year and beyond as the combined harm of federal layoffs on DC’s economy and cuts to vital safety net programs like Temporary Assistance for Needy Families, the Supplemental Nutrition Assistance Program, and Medicaid take effect. Read […]
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 27, 2026 • By ITEP Staff
ITEP cited in testimony in favor of a California policy that would close a profit shifting loophole and ensure that corporations pay their fair share. Read more.
April 27, 2026 • By ITEP Staff
A recap of Maine’s 2026 legislative session covers the state’s new millionaire tax, decoupling of last summer’s regressive federal tax provisions, and the expansion of the property tax fairness credit. 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 23, 2026 • By ITEP Staff
State Child Tax Credits are a promising and increasingly popular policy to reduce child poverty, strengthen family economic stability, and promote healthy development. Read more.
April 23, 2026 • By ITEP Staff
According to the Institute on Taxation and Economic Policy, at least 88 of some of the largest corporations—including Tesla, Coinbase, and Palantir—made more than $105 billion in 2025. But they paid zero dollars in federal income tax because of the Republican’s One Big Beautiful Bill Act. Collectively, billionaires added $1.5 trillion to their wealth in 2025 […]
April 22, 2026 • By ITEP Staff
Among the excerpts from Rep. DeLauro: Our tax system is broken. Working families are forced to pay far more in taxes as a percentage of their wealth, while massive, multi-billion dollar companies routinely game the system to avoid paying any taxes at all. The Institute on Taxation and Economic Policy (ITEP) just released a report […]
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 21, 2026 • By Miles Trinidad
ITEP Policy Analyst Miles Trinidad testified on the need for a Wealth Proceeds Tax in Vermont on April 16, 2026 at the Vermont House Ways and Means Committee.
April 20, 2026 • By ITEP Staff
Funding cuts to higher education weaken the economy. States can drive revenue by adopting progressive tax structures and budgetary mechanisms to protect the education sector. Read more.
April 16, 2026 • By ITEP Staff
The “Keep Public Funds in Public Schools Act would repeal a private school voucher program created in the “One Big Beautiful Bill Act.” 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 […]