Recent Work by ITEP
Sen. Chris Van Hollen has recently introduced the Working Americans’ Tax Cut Act, which offers a generous middle-class tax cut paid for with a new tax on millionaires.
Washington Millionaires’ Tax, Expanded Working Families Tax Credit Make Tax Code Fairer
March 12, 2026 • By Marco Guzman, Dylan Grundman O'Neill
The Washington legislature has approved a new "millionaires' tax," a 9.9 percent tax on income over $1 million. The bill, which makes significant investments in public education and child care, will also expand the Working Families Tax Credit – the state’s EITC – to reach an additional 460,000 households.
The Child Tax Credit Leaves Out Millions of Children in 2026. There Are Better Alternatives.
March 10, 2026 • By Joe Hughes
The 2025 Trump tax law slightly increased the Child Tax Credit in a way that benefits virtually none of the children who most need help.
Governor Should Put New Mexico’s Tax Interests First
March 6, 2026 • By Amy Hanauer, Amber Wallin
By decoupling from three misguided federal corporate income tax cuts under the One Big Beautiful Bill, plus taking steps to curb unfair corporate tax avoidance, SB 151 would raise and safeguard more than $120 million annually.
As many state legislative sessions near or cross the halfway point, lawmakers are facing tough choices.
New Income Tax Disclosure Rules Mean Halliburton Can No Longer Conceal Its Offshore Tax Avoidance
March 2, 2026 • By Matthew Gardner
The company’s latest annual report throws the doors wide open once again on Halliburton’s penchant for offshoring its profits to tax havens, thanks to terrific new disclosure rules introduced by an obscure but vital agency, the Financial Accounting Standards Board (FASB).
Cheniere Energy Gets $380 Million Gift from Trump’s Treasury Department
February 26, 2026 • By Matthew Gardner
Cheniere Energy's latest annual financial report shows the company reaped a cool $380 million in tax cuts from a single regulatory change made by the Trump administration last fall.
Nvidia’s Tax Bill Shows It’s Not Just Zero-Tax Corporations That Hurt Our Budget Deficit the Most
February 26, 2026 • By Matthew Gardner
Semiconductor giant Nvidia reported avoiding $6.8 billion in federal income taxes last year. The company did this in a year when it reported greater earnings growth than almost any corporation in history, with U.S. pretax income coming in at an astonishing $123 billion.
National Sausage Month isn’t until October, but now is the time of year when state lawmakers are really diving into their sausage-making processes, as separate legislative houses and oftentimes political parties send competing bills, budgets, and visions back and forth to grind out their differences.
Pioneer Institute Criticizes ITEP For Not Writing the Paper They Would Have Written
February 25, 2026 • By Eli Byerly-Duke
Voters, lawmakers, researchers, and advocates frequently disagree about ideal tax policy. But the facts here speak for themselves.
ITEP in the News
Los Angeles Times: Ted Cruz and His GOP Colleagues Are Pushing Yet Another Tax Break for the 1%
Stateline: Republican Push To Increase Sales Taxes Would Fall Hardest on Lower-Income Residents
Los Angeles Times: Eliminating a Corporate Tax Break Is Pitched as a Way To Make Up for Federal Healthcare Cuts
The Independent: Inside the Widening Income Tax Rate Gap for Residents in Blue States Compared to Red States
Newsweek: Poorest Americans in 9 States Pay More Because of Trump Tax Breaks—Study
ITEP Work in Action
Sen. Warren Probes Meta, Microsoft, Target, Companies on Mass Layoffs Despite Strong Financials and Trump Tax Handouts
ITEP Data Cited in The Working Americans' Tax Cut
Maine Center for Economic Policy: 6 Ways President Trump Is Shaping Maine’s Economy in His First Year
Testimony: ITEP's Marco Guzman Outlines Positive Tax Reform Proposals for Colorado Lawmakers
Testimony: ITEP's Brakeyshia Samms on Why Evanston Should Adopt a Property Tax Circuit Breaker
Institute on Taxation
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ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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