Recent Work by ITEP
Nobody should be too excited and think this means our country is headed toward lower deficits - especially when the administration recently signed one of the most expensive budget reconciliation bills in history.
Anti-Tax Revolts Backfire: What We’ve Learned from 50 Years of Property Tax Limits
July 15, 2025 • By Rita Jefferson
Across-the-board property tax cuts create less fair local tax systems in the long run. State legislators and local governments should prioritize the residents who can least afford their property taxes, not the residents and businesses who can.
How Much Would Every Family in Every State Get if the Megabill’s Tax Cuts Given to the Rich Had Instead Been Evenly Divided?
July 14, 2025 • By Michael Ettlinger
If instead of giving $117 billion to the richest 1 percent, that money had been evenly divided among all Americans, we'd each get $343 - or nearly $1,400 for a family of four.
This country’s biggest historical challenge has been delivering this progress to all Americans, but Republicans have cut it back for everyone, retreating from many 20th century achievements in ways that will slam doors, rather than opening them, for the next generation.
10 Crazy Comparisons Showing How Much Trump and Congress Just Cut Taxes for the Rich
July 10, 2025 • By ITEP Staff
$117 billion is a big number, so we thought it could use a little context.
There Were Far Cheaper and Fairer Options Than the Trump Megabill
July 8, 2025 • By ITEP Staff
Congress and the president could have spent less than half that much money on a tax bill that does more for working-class and middle-class households.
State Rundown 7/8: State Tax Cuts Continue Despite Federal Megabill Passing
July 8, 2025 • By ITEP Staff
The last states are wrapping up legislative sessions, and some are crossing the finish line with major income tax cuts.
Analysis of Tax Provisions in the Trump Megabill as Signed into Law: National and State Level Estimates
July 7, 2025 • By Steve Wamhoff, Carl Davis, Joe Hughes, Jessica Vela
President Trump has signed into law the tax and spending “megabill” that largely favors the richest taxpayers and provides working-class Americans with relatively small tax cuts that will in many cases be more than offset by Trump's tariffs.
Top 1% to Receive $1 Trillion Tax Cut from Trump Megabill Over the Next Decade
July 3, 2025 • By Carl Davis
The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the bill’s cuts to the Medicaid health care program will total $930 billion over the same period.
The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely unscathed—despite the efforts of Republican lawmakers from “blue” states. Those lawmakers are correct that the cap reduces the bill’s tax cuts for their wealthy constituents more than for those in other states. The megabill, however, is so loaded up with other provisions that result in a dramatic tax cut for the richest 1 percent in every state.
ITEP in the News
CT Mirror: Sales Tax Holidays Under Fire as CT Launches Its Promotion
The Sacramento Bee: Why California's Wealthiest Tax Payers Could Get Less of a Trump Tax Break
The Guardian: IRS Commissioner’s Removal Reportedly Over Clash on Undocumented Immigrant Data
CNBC: These States Have Sales Tax Holidays in 2025. Here’s Who Stands to Benefit, Tax Experts Say
CBS News: Florida's Month-long School Tax "Holiday" Kicks Off This Week
ITEP Work in Action
Hawai'i Appleseed: Incoming Federal Tax Cuts Will Heavily Favor Hawaiʻi’s Wealthiest Residents
New Hampshire Fiscal Policy Institute: New Federal Reconciliation Law Reduces Taxes, Health Access, and Food Assistance Supports for Granite Staters
United Ways of California: The Economic Impact of Immigrants in California
Center for American Progress: 2024 Findings Reveal What’s at Stake for Recipients and the United States
State Innovation Exchange: Funding Our Futures Despite Trump's Big Ugly Megabill
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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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