Recent Work by ITEP
What Corporations Have to Gain from the Gutting of the IRS
May 7, 2025 • By Matthew Gardner, Spandan Marasini, Steve Wamhoff
Seven huge corporations recently announced that in 2024 they were allowed to collectively keep $1.4 billion in tax breaks from previous years that they had publicly admitted would likely be found illegal if investigated – all because the tax authorities were unable to identify and disallow them before the statute of limitations ran out.
The final budget adopted by the Maryland General Assembly shows progress in advancing tax equity in the state while boosting state revenues to address the state’s budget deficit. To help close a $3.3 billion budget deficit, Maryland legislators enacted much-needed tax reforms and progressive revenue raisers that help meet the state’s needs while making the […]
America Has Left the Building: U.S. Loses from Our Global Tax Policy Choices, Others Could Gain
May 5, 2025 • By Amy Hanauer
Countries that once looked to the U.S. for direction on tax policy have concluded they need to form alliances without us. If so, it will often be to the benefit of other people around the globe and to the deficit of U.S. communities.
Want to know more about the tax and spending megabill that President Trump recently signed into law? We've got you covered.
State Rundown 5/1: State Tax Debates Wrapping Up, and Just Beginning
May 1, 2025 • By ITEP Staff
The rampant uncertainty this year extends far beyond the national economy and federal policy, as many state legislatures are declaring their tax and budget debates finished, and just getting started, sometimes in the same breath.
Equitable (and Less Equitable) Washington State Revenue Raisers
April 24, 2025 • By Dylan Grundman O'Neill
Washington state came into the year with strong tax justice momentum. Lawmakers’ innovative Capital Gains Excise Tax on the state’s highest-income households was upheld by the state and federal Supreme Courts and was overwhelmingly affirmed by voters despite a well-funded repeal effort. The new tax is bringing in much-needed revenue for schools, child care, and […]
State Rundown 4/24: States Push Tax Cuts Despite Fiscal Uncertainty
April 24, 2025 • By ITEP Staff
While some states are preparing for uncertainty – slowing revenue growth, chaos from unpredictable tariffs, cuts to federal programs, etc. – others continue to move forward with plans for deep tax cuts. For instance, Georgia Gov. Brian Kemp signed legislation accelerating the cut to the personal income tax rate, which is currently phasing down. […]
Millions of Citizen Children Would be Harmed by Proposal Billed as Targeting Immigrant Tax Filers
April 24, 2025 • By Emma Sifre, Joe Hughes
Congressional Republicans have floated a proposal to strip the Child Tax Credit from millions of children who are U.S. citizens and legal residents in situations where their parents do not have Social Security numbers. Approximately 4.5 million citizen children with Social Security numbers would lose access to the credit under this proposal.
The tariffs proposed by Donald Trump, which are far larger than any on the books today, would significantly raise the prices faced by American consumers across the income scale.
Missouri is Sleepwalking into a Half-Billion Dollar Tax Cut for the Rich
April 22, 2025 • By Carl Davis
Missouri lawmakers are debating a tax cut that will mostly benefit the wealthiest in the state, while relying on an unrealistic estimate of what it will cost.
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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