News Releases
207 posts
Trump Tax Law’s Tiny Child Tax Credit Increase Fails to Help Those Who Need It Most
• By ITEP Staff
The Child Tax Credit (CTC) boost in the One Big Beautiful Bill Act (OBBBA) leaves millions of families behind while disproportionately helping higher-income households rather than those most in need. There are better alternatives. Contact: press@itep.org Last year, lawmakers slightly increased the Child Tax Credit as part of the so-called “One Big Beautiful Bill […]
ITEP Statement: President Trump Sues the American People for $10 Billion
• By ITEP Staff
The following is a statement by Amy Hanauer, executive director at the Institute on Taxation and Economic Policy, in response to yesterday’s announcement that President Trump and his family are suing the IRS over the leak of his tax returns by an IRS contractor: “Several years ago, an IRS contractor leaked confidential tax return data […]
New Report Shows How States Can Raise Billions by Taxing the Wealthy
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) Taxing the proceeds generated by wealth – such as capital gains, dividends, and passive business income – through a new Wealth Proceeds Tax is a simple way for states to raise billions in new revenue and improve the fairness of their tax systems, according to a new report by the Institute […]
New Report: Five States with the Biggest Tax Cuts for Millionaires in 2025
• By ITEP Staff
Contact: Jon Whiten (ITEP) jon@itep.org A new analysis from the Institute on Taxation and Economic Policy (ITEP) reveals that five states—Kansas, Mississippi, Missouri, Ohio, and Oklahoma—enacted the most significant income tax cuts for millionaires in 2025, collectively reducing state revenues by more than $800 million in 2026 and an estimated $2.2 billion a year once […]
ITEP Launches Guide to State & Local Taxes
• By ITEP Staff
Looking to understand how state and local tax systems work – and how they affect economic and racial inequality? The new ITEP Guide to State & Local Taxes breaks down key concepts like the difference between flat and graduated income tax rates, the kinds of taxes local governments can levy, and much more. The guide […]
Local Child Tax Credits: The Next Frontier in the Reduction of Child Poverty
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) Child Tax Credits have been the focus of increased lawmaker attention over the past few years, especially following the dramatic success of the 2021 federal CTC expansion in reducing child poverty and the subsequent resurgence of pre-pandemic child poverty levels. While 15 states now supplement the federal credit with their own […]
State Tax Credits Continued to Grow in 2025
• By ITEP Staff
A pair of new briefs from the Institute on Taxation and Economic Policy (ITEP) illustrate the growing power of state Earned Income Tax Credits (EITCs) and Child Tax Credits (CTCs). In all, we find: Nearly two-thirds of states (31 plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit (EITC). These […]
New from ITEP: Poorest 40% of Americans Would See 2026 Tax Hike from Megabill Under ‘Current Policy Baseline’
• By ITEP Staff
A new report released today by the Institute on Taxation and Economic Policy explains how individuals and families will see their taxes change in 2026 as a result of the new law, using the “current policy baseline.” Key findings: The megabill will raise taxes on the poorest 40 percent of Americans, barely cut them for […]
New from ITEP: Gimmicky Sales Tax Holidays to Cost States & Localities $1.3 Billion This Year
• By ITEP Staff
Over the next month, 15 states will temporarily exempt a range of products from sales tax, joining one that held its sales tax holiday earlier this summer and two that do so a little later in the year. While these temporary suspensions may have some surface appeal, they have many significant downsides, as we explain in […]
Anti-Tax Revolts Backfire: New ITEP Report on the Failure of 50 Years of Property tax Limits
• By ITEP Staff
With home values rising across the country, some residents are increasingly unhappy with their rising property tax bills. As legislators search for solutions, it is important to realize we have been here before — and we know what does not work. The last time states were persuaded to “fix” their property taxes by passing tight […]
New Analysis from ITEP: There Were Far Cheaper & Fairer Options Than the Trump Megabill
• By ITEP Staff
President Trump this weekend signed into law a massive tax and spending megabill that will reduce revenue by around $570 billion in 2026 and mainly help the richest Americans and foreign investors. As a new report from ITEP details, Congress and the president could have spent less than half that much money on a tax bill […]
Trump Turns Back the Clock on American Progress by Signing Megabill into Law
• By ITEP Staff
This afternoon President Trump signed the tax and spending megabill into law. See below for a statement from ITEP and related resources. STATEMENT FROM JON WHITEN, DEPUTY DIRECTOR OF THE INSTITUTE ON TAXATION AND ECONOMIC POLICY: “With the tax and spending megabill that was signed into law today, Donald Trump and Congressional Republicans are turning […]
Megabill Is On its Way to Trump: Here’s What its Tax Changes Mean for Families Across the U.S.
• By ITEP Staff
The House of Representatives today narrowly passed a massive tax and spending reconciliation bill that now heads to President Trump’s desk. Please see below for a statement from ITEP and our latest updated analysis of how the bill’s tax provisions will affect families at different income levels nationally and in every state. STATEMENT from AMY […]
ITEP Statement: Senate-Passed Megabill Makes History in Appalling Ways
• By ITEP Staff
Today the Senate passed the tax and spending megabill, sending it to the House. See below for a statement from ITEP as well as our analyses of the tax impacts of the legislation. STATEMENT from AMY HANAUER, EXECUTIVE DIRECTOR OF THE INSTITUTE ON TAXATION AND ECONOMIC POLICY: “This abominable bill will make history – in […]
NEW: ITEP Analysis of Senate Tax Bill Shows Windfall for the Wealthy, Not Much for the Rest
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) With Senate Republicans hoping to hold a vote soon on their version of the tax and spending package passed by the House last month, a new national and state-by-state analysis from the Institute on Taxation and Economic Policy (ITEP) finds that, like the House-passed bill, the Senate proposal favors the richest […]
ITEP Statement & Resources on the Senate Tax Bill
• By ITEP Staff
This is a recklessly expensive bill that will expand economic inequality in America by making the tax code more tilted to the top, and pay for it in part by stripping health care from millions of Americans and rolling back critical climate investments.
ITEP Statement: House-Passed Tax Plan Widens the Gap Between the Rich and the Rest
• By ITEP Staff
After a floor session that began in the middle of the night, the House of Representatives has passed its reconciliation bill including massive tax cuts and deep cuts to spending. Statement from Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy: “It’s not surprising that this bill was written behind closed doors […]
ITEP Statement: House’s Recklessly Expensive Tax Bill Would Expand Inequality
• By ITEP Staff
This bill gives enormous additional tax cuts to wealthy people and corporations, spikes the deficit, and strips health care from millions of Americans.
ITEP Statement: Partial House Tax Bill Doubles Down on Trickle Down
• By ITEP Staff
So far this costly bill appears to double down on trickle down, with huge tax cuts that will further enrich the rich and not much for the rest of us. What’s more, many of the modest improvements for lower- and middle-income families are proposed to be temporary, whereas the benefits for the wealthiest are proposed to be permanent.
Trump Administration’s Decision to End Direct File is Another Gift to Big Corporations
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) According to multiple reports, the Trump administration plans to eliminate the IRS Direct File program, a free electronic system for filing tax returns directly to the agency. Statement from ITEP Executive Director Amy Hanauer “The tax preparation industry has for years lobbied to prevent the IRS from providing a tool to […]
New Analysis: Congress Considering Creating an Unprecedented Tax Shelter to Steer Billions to Private K-12 School Vouchers and Wealthy Individuals
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) A bill introduced in Congress would create an unprecedented 100% tax credit for donations to nonprofits that give out private K-12 school vouchers and create a lucrative tax shelter that would further enrich some of America’s wealthiest individuals. If passed, the Educational Choice for Children Act of 2025 (ECCA) would cost […]
States Could Raise $19 Billion a Year with One Policy Change Targeting Corporate Tax Avoidance
• By ITEP Staff
Worldwide combined reporting negates the tax benefits of shifting corporate income offshore Public polling has consistently shown for decades that most people believe big multinational corporations are paying too little in taxes. Closing the loopholes these corporations use to avoid taxes is one of the most effective – and popular – solutions to this problem. […]
Harris Tax Plan Would Raise Taxes on the Richest 1%, Cut Them for Everyone Else
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) The tax proposals announced by Vice President Harris would, on average, lead to a tax increase for the richest 1 percent of Americans and a tax cut for all other income groups, according to a new in-depth analysis by the Institute on Taxation and Economic Policy (ITEP). This is in stark […]
Trump’s Tax Plan: Like Robin Hood in Reverse
• By ITEP Staff
Proposed tax changes would give richest 5% a tax cut, raise taxes on all other groups Contact: Jon Whiten (jon@itep.org) The tax proposals announced by former President Trump would, on average, lead to a tax cut for the richest 5 percent of Americans and a tax increase for all other income groups, according to a […]
Study: Undocumented Immigrants Contribute Nearly $100 Billion in Taxes a Year
• By ITEP Staff
Contact: Jon Whiten (jon@itep.org) Immigration policies have taken center stage in public debates this year, but much of the conversation has been driven by emotion, not data. A new in-depth study from the Institute on Taxation and Economic Policy aims to help change that by quantifying how much undocumented immigrants pay in taxes – both […]
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