Institute on Taxation and Economic Policy (ITEP)

Matthew Gardner

Senior Fellow

Matthew Gardner
Areas of Expertise
Economic modeling federal tax policy state tax policy corporate taxes

Matt Gardner is a senior fellow at ITEP where he has worked since 1998.  He previously served as ITEP’s executive director from 2006 to 2016. Matt’s work focuses on federal, state and local tax systems, with a particular emphasis on the impact of tax policies on low- and moderate-income taxpayers. He uses ITEP’s microsimulation model to produce economic projections and analyses on the effects of current and proposed federal and state tax and budget policies.

Matt is a noted corporate tax expert and the primary author of ITEP’s regular corporate studies on the tax habits of Fortune 500 corporations (most recently, Corporate Tax Avoidance in the First Year of the Trump Tax Law) as well as publications on international corporate tax avoidance. He regularly examines corporate financial filings and writes briefs, blogs and reports on trends in corporate tax avoidance. He monitors and researches federal tax policies and writes about their impact on tax fairness and sustainability, and he is often called on to speak publicly about corporate tax issues and federal and state tax policies.

Matt’s earlier work for ITEP focused on state policy. He is an author of Who Pays: A Distributional Analysis of the Tax Systems in All 50 States (2003, 2009, 2013, 2015, 2018, and 2024 editions). He has conducted tax analyses for state and local policymakers and advocates in more than 45 states. Matt has degrees from the University of Maryland and the University of Rochester. He resides in Washington, D.C. and originally hails from Raleigh, N.C.

 mattg at itep.org

Recent Publications

blog    

Bigger Corporations, Bigger Tax Breaks: Consolidation Leads Six Corporations to Grab a Giant Share of Subsidies

October 28, 2026 • By Matthew Gardner

Alphabet, Microsoft, Amazon, Nvidia, Meta and J.P. Morgan Chase collectively raked in 42 percent of the total tax subsidies that 706 profitable U.S. corporations received in 2025.

report    

After Two Rounds of Trump Tax Cuts, Corporate America Paid Less Than Ever in 2025

October 22, 2026 • By Joe Hughes, Matthew Gardner, Spandan Marasini, Steve Wamhoff

In 2025, 706 major American corporations collectively paid a federal income tax rate of just 10.4% on $1.88 trillion in U.S. profits. This is the lowest effective rate that ITEP has uncovered in over 40 years of analyzing corporate income taxes.

More Publications by Matthew Gardner

Recent Media Mentions

media mention    

USA Today: More Than 100 Big Companies Paid No Federal Income Tax in 2025

October 29, 2026 • By Matthew Gardner

More than 100 of the largest and most profitable U.S. companies paid no federal income tax in 2025, including corporate heavyweights Citigroup, Tesla, and Walt Disney, according to a new report. 

media mention    

New York Times: Corporate Tax Revenue Falls Even as Profits Soar Under Trump

October 19, 2026 • By Matthew Gardner

The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.

More Media Mentions of Matthew Gardner