November 8, 2024
Trump’s militarized removals could cost billions while upending the economy and ripping families and communities apart. Read more.
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, […]
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.
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.
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.
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.
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.
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 […]
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.)
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.
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.
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.
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…
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.
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.
October 17, 2024
Paycheck Politics: What Presidential Tax Plans May Mean for Your Wallet. Listen here.
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.
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.
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.
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.
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.
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.
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.
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.
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].