OBBBA
ITEP analysis of the One Big Beautiful Bill Act, also known as OBBBA, OBBA or the Trump tax law. This archive collects research, commentary and data on how the 2025 federal tax and spending law affects working families, low-income households, wealthy taxpayers, corporations, state revenues, Medicaid, SNAP, the Child Tax Credit, the SALT deduction, clean energy tax credits and the federal budget.
Follow ITEP’s latest analysis of who benefits from OBBBA, who pays, and how the law reshapes the tax code. Articles in this archive examine the law’s distributional impact, its effects on inequality and public services, and the choices facing state lawmakers as federal tax changes flow through state tax systems.
President Trump’s Corporate Tax Outline: At Least He Didn’t Use a Napkin
April 27, 2017 • By Matthew Gardner
The most complimentary thing that can be said about the corporate tax changes outlined by President Trump earlier this week is that they weren’t scribbled on a napkin. Unlike supply-side architect Arthur Laffer, who infamously sketched out his explanation for why tax cuts can somehow pay for themselves in this manner, the Trump Administration took […]
Does a 15 Percent Corporate Tax Rate Sound Low? For Dozens of Major Corporations, Maybe Not
April 25, 2017 • By Matthew Gardner
President Donald Trump has promised to release new details Wednesday on what he says could be “the biggest tax cut we’ve ever had.” While much is unclear about the shape this plan will take, the Wall Street Journal reported yesterday that it will include a 15 percent tax rate on corporate profits, less than half […]
