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.
Trump Budget Plan Would Eliminate Child Tax Credits for Working Families Due to Parents’ Immigration Status
• By Misha Hill
As ITEP has detailed, undocumented immigrants are taxpayers, contributing close to $12 billion a year in state and local taxes while also paying federal payroll, income, and excise taxes. In spite of these facts, Mick Mulvaney, President Trump’s budget director, has spread erroneous information to validate the administration’s cruel proposal to strip a proven anti-poverty benefit from undocumented immigrants and their children.
Trump’s Budget Proposal and Tax Plan Are the Antithesis of Populism
• By Alan Essig
A month ago, President Trump released a tax sketch that likely would redistribute wealth upward, and today he has poured salt on the wound with a proposed budget that would gut safety net programs and cut funding for other services that help move people out of poverty. Yet the PR refrain is the same Orwellian prattle we’ve been hearing for years: water isn’t wet, tax cuts for the rich will eventually trickle down to the…
Key Resources for Digging into the Trump and GOP Tax Reform Agenda
• By ITEP Staff
President Donald Trump’s tax sketch released in late April is the starting point for federal tax reform discussions. For now, the sketch includes too few details to properly analyze its revenue and distributional impacts, but based on limited information, corporations and the wealthy stand to benefit most. Below are resources ITEP has produced on tax […]
President Trump’s Corporate Tax Outline: At Least He Didn’t Use a Napkin
• 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
• 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 […]
