June 12, 2023
ITEP Federal Policy Analyst Joe Hughes joined Scripps News Live to talk about the American Family Act, which would permanently expand the Child Tax Credit (CTC) to 2021 levels, helping millions of children and families, especially the lowest-income families who currently make too little to receive the CTC.
June 9, 2023
California millionaires and billionaires who were set to face the full auditing firepower of a revamped Internal Revenue Service can breathe a bit easier, thanks to congressional Republicans. Read more.
June 9, 2023
A group of U.S. Representatives has introduced the American Family Act, legislation that would make the previously expanded and improved monthly child tax credit permanent. Read more.
June 7, 2023
Not much in the debt ceiling extension deal will have lasting impact. But one significant aspect cuts $21 billion out of the $80 billion the IRS received in new money from Congress last year. Read more.
June 7, 2023
It has closed a loophole that companies use to create income tax havens abroad, and as overall tax revenue continues to slump, it could be a path other states take. Read more.
June 6, 2023
The most important issue facing the U.S. today is still inflation, according to a new national poll, and this sentiment is being driven by Americans who identify as working and middle class. Read more.
May 30, 2023
ITEP Executive Director Amy Hanauer appeared on “Your Call” discussing the debt ceiling agreement. Listen here.
May 24, 2023
Revenues are slowing but lawmakers, at least in red states, have continued to enact major tax cuts this year. Read more.
May 24, 2023
Ten years ago, Salesforce pledged millions to San Francisco’s public schools to help close an achievement gap between the district’s Black and brown students, who scored lower than their white and Asian peers in math and science courses. But a decade and $66 million later, that gap has only widened. Read more.
May 22, 2023
As President Biden and lawmakers scramble to strike a debt ceiling deal before the government runs out of money, each day counts — to the tune of about $17 billion. That’s how much the U.S. Treasury spends daily, on average, to keep the government functioning. Read more.
May 16, 2023
Republicans focus on the size of the federal debt in demanding spending cuts in exchange for lifting the debt ceiling. Democrats highlight the number of Americans who would lose benefits if those cuts are made. Read more.
May 16, 2023
Both the House and the Senate’s proposals on property tax cuts would give modest savings to the typical Texas homeowner, but critics say the House plan could create vast inequities and disproportionately benefit wealthy homeowners. Read more.
May 2, 2023
Taxes help pay for the public services that many of us take for granted — most of our state budget goes to funding education and health services that benefit us all, whether we personally use them or not. But there are better and worse ways for a state to raise revenue. Read more.
April 25, 2023
Bashing New York City has long been a popular pastime on the right. Conservatives routinely portray the Big Apple as a dystopian wasteland. And the bashing has reached a fever pitch since Alvin Bragg, the Manhattan district attorney, announced multiple charges against Donald Trump. Read more.
April 25, 2023
Congress failed to renew the wildly successful measure, but state lawmakers across the country are working to bring it back. Read more.
April 25, 2023
Despite representing one of America’s poorest states, West Virginia Sen. Joe Manchin (D) decided in 2021 to kill legislation to extend expanded child and antipoverty tax credits that were helping the working class. The expiration of the expanded tax credits resulted in more than three million kids being thrown into poverty. New data shows it also resulted in a massive regressive tax increase […]
April 24, 2023
The racial wealth gap is one of the most glaring injustices in the U.S. today. Hundreds of years of structural and legal barriers excluded and prevented Black households from being able to accumulate and hold onto wealth — and policies continue to perpetuate those barriers today. While the civil rights movement brought changes that narrowed the gap, […]
April 14, 2023
Last week, with Tax Day right around the corner, the IRS released a highly anticipated strategic operations plan, explaining how the agency intends to operate over the next decade. Flush with $80 billion in additional funding from the Inflation Reduction Act (IRA), Treasury Secretary Janet Yellen ordered the IRS last year to develop a plan on […]
April 14, 2023
What type of business generates the most sales tax revenue in Clark County, home of the Fabulous Las Vegas Strip? If you guessed “food services and drinking places” ding ding ding you are right. Read more.
April 13, 2023
With the 2023 legislative session blessedly at its end, Arkansas progressives (plus moderates and anyone to the left of the Proud Boys) know what complete and utter political defeat looks like. Read more.
April 7, 2023
Private school voucher proposals have moved through both the House and Senate over the last few weeks. Now we cannot be sure what final deal may come out of negotiations and whether it will stall or move forward to the governor’s desk. Read more.
March 29, 2023
Media coverage of Florida Gov. Ron DeSantis’s all-but-announced candidacy for president is already in full frenzy, and so far the script is exactly as his handlers would like it to be. Read more.
March 23, 2023
The U.S. had about 720 billionaires at the start of his presidency, President Joe Biden said in his State of the Union speech. “Now we have about 1,000,” he said. He went on to unveil his administration’s proposal to increase taxes on wealthy Americans — to include millionaires and billionaires — to fund other government […]
March 13, 2023
Kansas legislative leaders have declared war on the poor. They have pushed bills penalizing those receiving government assistance through the House Welfare Reform Committee. They have advocated a flat tax plan that benefits the wealthy at the expense of everyone else. We have watched these proposals unfold in recent weeks, watched and heard the disdain. Yet the war has […]
March 10, 2023
Billionaires in the US pay a tiny proportion of the wealth they accrue in taxes compared to the cut ordinary Americans pay from their wages. Now, President Joe Biden wants that to change: His just-unveiled budget for fiscal year 2024 contains a tapestry of tax hikes with a laser-beam focus on billionaires, multi-millionaires, and large corporations, all aiming to […]
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].