October 1, 2023
A court case on this term’s Supreme Court docket could end up granting 400 of America’s largest corporations some $271 billion in tax relief, per new calculations from the Institute on Taxation and Economic Policy. Read more.
September 29, 2023
An upcoming case that will be heard by the Supreme Court could potentially have far-reaching implications on the United States tax structure, according to a new report. Read more.
September 27, 2023
John Roberts and Samuel Alito own shares of companies that could score billions in tax relief from the outcome of Moore v. United States. Read more.
September 21, 2023
The federal pandemic-era child tax credit expansion lifted millions of children out of poverty in the second half of 2021. But Congress allowed it to expire at the end of that year, and new U.S. census data shows the child poverty rate more than doubled in 2022, erasing the record gains that were made. Read more.
September 18, 2023
Child poverty in the United States more than doubled from 2021 to 2022, data released Tuesday from the Census Bureau shows. The surge — by far the largest jump on record — is a tragedy that was foreseeable and could have been prevented. It is largely the result of the decision by Congress not to renew the enhanced child […]
September 14, 2023
This week the Census Bureau released new numbers showing that in 2022 the U.S. lost the dramatic gains made against child poverty in 2021, in large part due to the lapsed Child Tax Credit expansion.
September 13, 2023
Trump and his advisors are setting sights on an aggressive tax cut plan to push during his 2024 campaign. Read more.
September 12, 2023
Remember when Donald Trump ran for office in 2016, claiming to be a champion of the working class and the worst nightmare of the global elite? And then passed a package of tax cuts that disproportionately benefited corporations and billionaires and was basically a middle finger to American workers? Well, today brings some exciting news for those who think the überwealthy […]
September 11, 2023
As Donald Trump widens his lead over other Republican candidates in the GOP primary, the former president’s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Read more.
September 7, 2023
The new corporate minimum tax was one of the most significant changes to the U.S. tax code in decades. Its logic rested on the idea that rich companies should not be able to find loopholes and other accounting maneuvers in order to pay lower tax rates than their workers. But making the tax operational has become a […]
August 24, 2023
Under an overcast sky, Patty Flores led a group of colleagues to an empty lot in the mobile home park where she lived. A bare patch of grass traced the outline of a home set ablaze in an electrical fire. She saw it as a symptom of a larger problem, one that connected to her rising […]
August 22, 2023
Amia Edwards lives here because she wants to make a difference. But in this majority-Black city, long starved for funding by the state’s mostly white Legislature, that’s proved a steep challenge. Read more.
August 15, 2023
It’s just about back-to-school time, and Gov. Phil Murphy and other Democratic state leaders are showing their love for New Jersey families by offering this special giveaway: 20 cents in sales tax savings off a $3 notebook. Or 13 cents off $2 box of pencils. Wow, right? Read more.
August 14, 2023
It was a simple idea: Major U.S. corporations should pay at least a 15 percent tax on their income, ending an era when some of the country’s most profitable firms owed the federal government little or nothing at all. Instead, the policy championed by President Biden remains bogged down in Washington amid growing legal uncertainty […]
August 4, 2023
For a couple of years after the pandemic struck, there was considerable buzz to the effect that much of the financial industry might leave New York for Miami. After all, state and local taxes on the richest one percent are much lower in Florida than in New York — about nine points lower as a percentage of income, according […]
August 2, 2023
As back-to-school shopping is expected to cost consumers an all-time high, some states have implemented sales-tax holidays aimed at providing some relief. Read more.
July 28, 2023
In mid-summer, the state capital is experiencing an odd mix of anxiety and content. Democratic Gov. Roy Cooper is warning that plans by Republican state lawmakers to expand private school vouchers and further cut income taxes have forced our public schools into a state of emergency. Read more.
July 26, 2023
As Hollywood actors and writers strike together for the first time since 1960 over pay, working conditions, and job security, Disney has purged dozens of original TV shows and movies from its streaming platforms, in a move that hurts workers and gives subscribers fewer options to watch. Disney claims it needs to destroy the content […]
July 19, 2023
ITEP Senior Fellow Matt Gardner appeared on The Freedom Side to discuss corporate tax breaks and "bonus depreciation."
July 17, 2023
This Young Turks segment on Senator Ron Johnson's comments on Social Security features his exchange with ITEP Executive Director Amy Hanauer as well as ITEP data.
July 17, 2023
Progressive groups are arguing a handshake agreement on spending struck by Republicans and Democrats while raising the debt ceiling is null and void. Read more.
July 12, 2023
Among the chief proposals to fix Social Security before a major funding source runs out of money is to have wealthy Americans pitch in through higher taxes and lower benefits. One way to do that is through the so-called “Buffett Rule,” named after mega-billionaire investor Warren Buffett. Read more.
July 12, 2023
The increased tax credit would help an estimated 14.7 million Californians, according to the Institute on Taxation and Economic Policy, a progressive Washington-based research group. While the proposed increase has a long way to go legislatively, and is likely to change, it’s one of several tax cuts under serious discussion. Read more
July 11, 2023
ITEP Senior Fellow Matt Gardner talks about "bonus depreciation" and our new report that finds that this tax break has saved nearly $67 billion for 25 of the corporations that benefited most.
July 6, 2023
They talk deficit reduction. But what they actually do—time after time after time—is raise it via corporate giveaways. Here’s the latest example. Read more.
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].