Institute on Taxation and Economic Policy

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USA Today: Would Mamdani’s ‘Millionaire Tax’ Chase the Rich out of New York City?

November 6, 2025

Higher taxes don’t generally prompt wealthy people to move, said Kamolika Das, local policy director at the Institute on Taxation and Economic Policy… Read more.

Spotlight on Poverty and Opportunity: Cities Could Slash Child Poverty With Tax Credits, Analysis Finds

November 6, 2025

A new report by the Center on Poverty and Social Policy at Columbia University and the Institute on Taxation and Economic Policy (ITEP) uses data from 14 cities to show how local Child Tax Credits could augment federal and state efforts to reduce child poverty by as much as 50 percent. Read more.

Wall Street Journal: The Economics Behind Zohran Mamdani’s Biggest Plans

November 5, 2025

Zohran Mamdani coasted to victory in the New York City mayoral race with a platform focused on making the city more affordable. He has promised ambitious social programs like universal child care and more affordable housing, with plans to fund his agenda primarily through higher taxes on businesses and on New York City’s highest earners. Read […]

Virginia Public Radio: What a “Wealth Proceeds Tax” Could Look Like in Virginia

November 3, 2025

Tax the rich. That’s the idea behind the wealth proceeds tax, which would hit things like dividends, interest and capital gains. A new report from the Institute on Taxation and Economic Policy says a three percent wealth proceeds tax in Virginia would generate about a billion dollars of new revenue. Read more.

The Nation: Texas Republicans Are Doubling Down on Banning Capital Gains Taxes

October 31, 2025

If passed, the constitutional amendment would lock out a potential source of future state funding and disproportionately benefit wealthy households. Read more.

Business Insider: Baby Boomers’ Property Tax Revolt

October 30, 2025

“We really do have to deal with the affordability problem of housing in this country at a very basic level in order to get a handle on property taxes. But the way to do that is not to cut property taxes,” [Rita] Jefferson says. Read more.

The Beacon: Missouri Gives ‘One of the Biggest Millionaire Tax Cuts’ This Year, Report Says

October 28, 2025

This year, Missouri became the first state in the country to tax income but not capital gains. That could present a challenge as the state prepares to face a budget shortfall. Read more.

Bloomberg: Private Jets and Car Washes are the Latest Tax Shields for the Ultrarich

October 27, 2025

President Donald Trump’s signature legislation permanently expands a perk, called bonus depreciation, to 100%, meaning taxpayers can take losses to write off as much as the entire value of qualifying assets from their income… in the hands of tax specialists, the benefit also is a way to scale back what their ultrawealthy clients owe to […]

Stateline: Cities Could Dramatically Cut Childhood Poverty with New Tax Credits, Research Finds

October 27, 2025

Child tax credits are becoming more popular across the country, with more than a dozen states offering them as financial relief toward the cost of raising kids. But new research suggests cities could significantly reduce child poverty by offering child tax credit programs of their own. Read more.

Dogwood: Virginia Republican to Get Big Tax Cut from Bill He Helped Pass

October 16, 2025

Republican US Rep. Rob Wittman of Virginia’s 1st congressional district could save between $19,900 and $59,300 in tax breaks because of President Donald Trump’s “Big Beautiful Bill,” according to an analysis by the nonprofit Institute on Taxation and Economic Policy (ITEP) done for Accountable.US. Read more.

Audio: ITEP’s Spandan Marasini on Corporate Tax Avoidance and What To Do About It

October 16, 2025

ITEP Data Analyst Spandan Marasini appeared on the Oregon Center for Public Policy’s “Policy for the People” podcast, discussing how corporations hide their profits and insights on what can be done to stop it. Listen here.

Los Angeles Times: Corporate Tax Breaks Are Exploding the Federal Deficit, but Who Gets the Benefits?

October 15, 2025

The question is who stands to gain most from the tax policymaking in Washington — corporations, their shareholders and their executives, most of whom don’t have to worry about whether cutting off Obamacare subsidies will leave them unable to afford healthcare, or the millions of Americans for whom the subsidies can often spell the difference […]

The New Republic: The House Republicans Getting Rich Off Trump’s Big Beautiful Bill

October 14, 2025

Why is it taboo for Congress to give itself a tiny raise but fine for it to give itself a huge tax cut? Read more.

Newsweek: White House Press Secretary Sparks Debate Over Immigrant Health Care Costs

October 9, 2025

Data from the Institute on Taxation and Economic Policy shows undocumented immigrants paid over $96 billion in U.S. taxes in 2022—far exceeding the cost of emergency care they receive. Analysts say the broader health care debate should focus on policy changes that could raise costs for millions of insured Americans. Read more. (To find this […]

Axios Detroit: Experts Offer Insight on Tackling Local Poverty

October 7, 2025

Poverty is a critical and complex issue here. While it’s crucial to draw on longtime local experts, it can also be worthwhile to cast a wider net and see what has worked elsewhere. Read more.

San Francisco Chronicle: New SALT cap means savings for California homeowners. Here’s how much

October 6, 2025

Steve Wamhoff, director of federal tax policy for the Institute on Taxation and Economic Policy, said his organization’s analysis found less SALT savings for Californians than Redfin reported. He ran the new SALT rules through ITEP’s tax microsimulation model, which uses a database of taxpayer and census records to create a computer model of state […]

Governing: Free Child Care for All is Impossible? Don’t Tell New Mexico.

September 30, 2025

The only state with such a program didn’t get there overnight. Years of action at the state Capitol and the ballot box set the stage. It’s a lesson for lawmakers in other states facing the fiscal challenges of providing services families need amid diminishing federal aid. Read more.

Stateline: Red States Pushed Child Tax Credits This Year, but the Broadest Plans Fizzled

September 24, 2025

But despite initial optimism from sponsors and child welfare advocates, Republican proposals in Indiana and Ohio did not advance this year. Had either measure passed, it would have been the first refundable child tax credit approved in a conservative state. Read more.

The Atlantic: The Last Americans Really Paying Taxes

September 23, 2025

The tax code is becoming more chaotic and less fair. Read more.

Barron’s: A New Billionaires Income Tax May Not Go Anywhere Right Now. But Democrats See a Winning Issue.

September 22, 2025

Democratic lawmakers introduced identical bills in the House and Senate to tax billionaires earlier this week, resurrecting a proposal that has failed to become law in the past. Read more. 

The Telegraph: Trump has Turned America’s Taxman into a Weapon against Migrants

September 9, 2025

The US president appears to be trying to turn the IRS into a new weapon as he presses ahead with his promise to deliver “the single largest mass deportation programme in history”. 

Houston Chronicle: Texas Oil Companies Forecast Billions in Tax Breaks from Trump’s ‘Big Beautiful Bill’

September 9, 2025

The Houston oil-company Occidental Petroleum reported last month it was expecting a large tax break from President Donald Trump's tax and spending cut package known as the One Big Beautiful Bill — to the tune of $700 to $800 million over the next two years.

Quartz: The $40,000 SALT Goldmine Only the Wealthy Will Actually Get

September 8, 2025

Despite all the political fanfare about helping homeowners, the most hyped tax break in decades is actually a mirage that doesn’t help the vast majority of Americans. Instead, experts say it’s a gift to high-income earners in high-tax blue states.

AP News: Georgia Republicans, Against Backdrop of 2026 Election, Push to Eliminate State Income Tax

August 20, 2025

As the 2026 election looms, Georgia Republicans seeking higher office met Tuesday to begin exploring plans to eliminate the state’s personal income tax.

Barron’s: Social Security Is 90 Years Old. Trump Just Weighed In.

August 15, 2025

President Donald Trump marked Social Security’s 90th birthday on Thursday afternoon, celebrating his administration’s commitment to the program even as it remains in dire need of a fix.

Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].