Institute on Taxation and Economic Policy

Select Media Mentions

The Independent: Trump Says His Mass Deportation Plan Has ‘No Price Tag’ As He Prepares to Boot Millions from the Country

November 8, 2024

Trump’s militarized removals could cost billions while upending the economy and ripping families and communities apart. Read more.

Searchlight New Mexico: Donald Trump’s Victory Puts All Eyes Back on the Border

November 7, 2024

On October 31, Donald Trump landed in Albuquerque at a private aviation hangar, a location he chose for a rally in part because he owes the city half a million dollars from a 2019 event at the Santa Ana Star Center, and he wasn’t welcome at the downtown convention center. He stepped off the plane, […]

Washington State Standard: Washington’s Capital Gains Tax Survives Repeal Effort

November 7, 2024

An initiative to repeal Washington’s capital gains tax, which levies a 7% tax on the sale or exchange of long-term assets like stocks, bonds and business interests, was defeated Tuesday. Read more.

Money: Donald Trump Is the President-Elect. Here’s What It Means for Your Wallet

November 7, 2024

Early this morning, the Associated Press declared Republican nominee Donald Trump the winner of the 2024 presidential election. And though nothing is certain, we do have a few clues as to how a second Trump presidency could affect Americans’ wallets in the short term. Read more.

NerdWallet: What to Know About Harris and Trump’s Tariff Campaign Promises

November 5, 2024

It’s election week, and Vice President Kamala Harris and former President Donald Trump are making their last-ditch efforts to recruit voters. At the top of many Americans’ minds, of course, is the economy.

The Independent: Elon Musk Wants to Gut the Federal Government Under Trump. What Could That Look Like?

November 5, 2024

The wealthiest man on the planet is pumping tens of millions of dollars into Donald Trump’s campaign. He owns an influential social media company where he embraces right-wing influencers and conspiracy theories now dominating the platform. He has business interests with China and Russia’s Vladimir Putin’s regime while his companies receive billions of dollars in US government contracts.

New York Times: Trump’s Closing Argument: Lies, Distortions and Inaccuracies

November 4, 2024

Former President Donald J. Trump, in the closing days of the 2024 election, continues to be a font of exaggerations, misleading claims and outright lies.

Money: Trump vs. Harris: How Could Your Tax Bill Change Under Each Candidate?

November 2, 2024

Both Kamala Harris and Donald Trump have made a point of talking about taxes in the final days leading up to the presidential election. This is no accident: With more than 144 million taxpayers filing individual income tax returns this year, it’s a topic a huge swath of voters are likely paying attention to. Read […]

Business Insider: What a Trump or Harris Presidency Would Mean for Your Tax Bill

October 31, 2024

In the fourth installment of BI's five-part series in the final stretch before the election, Business Insider is looking at the ways each candidate's policies could affect how much you pay in taxes. (Read part one about investments, part two about costs, and part three about housing.)

New York Times: Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

October 24, 2024

Former President Donald J. Trump has spent much of the presidential campaign brainstorming new, and sometimes untested, ways to cut taxes. In the election’s final stretch, he raised the possibility of going even further: eliminating income taxes entirely.

The Marshall Project: Fact-checking Over 12,000 of Donald Trump’s Statements About Immigration

October 23, 2024

The Marshall Project used text analysis to identify 13 major claims about immigration in over 350,000 of Trump’s public statements from Factba.se, some of which Trump has made 500 times or more. All of them are untrue or deeply misleading. Read more.

CNN: Trump’s Mass Deportation Plans Would Be Costly. Here’s Why

October 19, 2024

Former President Donald Trump vows he’ll kick millions of undocumented immigrants out of the US if he’s reelected. Read more.

New York Times: How Trump’s Radical Tariff Plan Could Wreck Our Economy

October 18, 2024

As a result, tariffs would raise the cost of living more for middle- and lower-income families than the average. An estimate by the Institute on Taxation and Economic Policy, which assumes a 20 percent tariff, finds that it would reduce the real income of families in the bottom fifth of earners by 5.7 percent, of middle-income families by 4.6 percent, but of the top 1 percent by only 1.4 percent. An analysis by the Peterson Institute for International Economics arrives at similar numbers. In other words, Trump’s 2.0 tariffs would in effect be a strongly regressive tax increase, imposing a…

CBS News: Trump’s Plan to Deport Millions of Immigrants Would Cost Hundreds of Billions, CBS News Analysis Shows

October 18, 2024

Immigration researchers, lawyers, and economists have pointed to immense constitutional, humanitarian and economic problems posed by Trump's oft-repeated pledge. But beyond the anticipated damage to immigrant families, communities and local economies, the roundup and deportation of some 11 million people is near impossible to bankroll, according to an analysis of U.S. budget and immigration court data by CBS News.

Variety: From Tariffs to Taxes to Tyranny, Hollywood Braces for the Possibility of a Donald Trump Victory

October 18, 2024

Abbasi’s experience says a lot about the anxiety gripping the entertainment world as it watches a tumultuous, enormously consequential election unfold. From corporate suites to studio lots, Hollywood is bracing for a possible Trump return, one that could bring chaos and deepen political divisions in a polarized country.

Audio: ITEP’s Amy Hanauer Talks Presidential Tax Plans on NerdWallet Podcast

October 17, 2024

Paycheck Politics: What Presidential Tax Plans May Mean for Your Wallet. Listen here.

Washington Post: “Off the Charts”: How Trump Tariffs Would Shock U.S., World Economies

October 16, 2024

Former president Donald Trump is campaigning on the most significant increase in tariffs in close to a century, preparing an attack on the international trade order that would likely raise prices, hurt the stock market and spark economic feuds with much of the world.

New York Times: Trump and Harris Both Like a Child Tax Credit, but With Different Aims

October 16, 2024

Vice President Kamala Harris has made an expanded child tax credit central to her campaign, and former President Donald J. Trump boasts, “I doubled the child tax credit.” With a quick look, voters might think the child-rearing subsidy the rare matter on which the rival candidates agree.

Los Angeles Times: Here Are 4 Campaign Promises from Trump. What Are Their Chances if He Wins?

October 16, 2024

The economic impacts would be huge. In California, an estimated 1.5 million workers — 7% of the state’s labor force — are undocumented, according to the Pew Research Center. The Institute on Taxation and Economic Policy, a left-leaning think tank, found that undocumented workers paid $96.7 billion in taxes in 2022, including $8.5 billion in California.

Mother Jones: Trump’s Reverse Robin Hood Tax Cuts of 2017

October 16, 2024

On October 7, the nonpartisan Institute for Taxation and Economic Policy released an analysis of whom Trump’s tax proposals would benefit. It’s probably not you.

Grist: Trump’s Proposed Mass Deportations Could “Decimate” the US Food Supply

October 15, 2024

As Republican presidential nominee Donald Trump campaigns for a second term in the White House, the former president has repeatedly promised to enact the largest deportation of undocumented immigrants in U.S. history. It’s a bold threat that legal experts say should be taken seriously, despite the significant technical and logistical challenges posed by deporting 11 million people from the U.S. 

Business Insider: The Top 5% Will Benefit from Trump’s Tax Plans While the Rest of America Pays More, a New Analysis Says

October 11, 2024

According to a new analysis from the Institute on Taxation and Economic Policy — a left-leaning think tank — Trump's tax and tariff proposals could spur an average tax cut of about $36,300 for the richest 1% of Americans, or those with incomes of $914,900 and above. Beyond that, ITEP expects the next-richest 4% to receive an average tax cut of about $7,200.

Pittsburgh Post-Gazette: Pennsylvanians Favor Citizenship, Not Deportation, for Unauthorized Immigrants in New Survey

October 11, 2024

But even as most polls show Trump is preferred over Vice President Kamala Harris on immigration, his policy prescription is not the one that Pennsylvanians prefer, according to survey results released Thursday.

Salon: Expert: Analysis shows Trump tax plan “taking money” from bottom 95% and “giving it” to richest 5%

October 9, 2024

Former President Donald Trump's proposed tax plan would create tax cuts for the nation's top 5% of earners while leaving the rest of Americans to shoulder tax increases by 2026, according to a new analysis.

New York Times: Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans

October 7, 2024

Former President Donald J. Trump’s economic proposals could inflame the nation’s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee’s plans. 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].