Recent Work by ITEP
Why States Shouldn’t Go Along With OBBBA’s Corporate Tax Breaks: A Practical Guide
October 27, 2025 • By Nick Johnson, Michael Mazerov
States should immediately decouple from four costly corporate tax provisions in the new federal tax law.
The 5 Biggest State Tax Cuts for Millionaires this Year
October 16, 2025 • By Dylan Grundman O'Neill, Aidan Davis
Some states continue to hand out huge tax cuts to millionaires. The five largest tax cuts this year will cost states a total of $2.2 billion per year once fully implemented.
Well, That Was Fast: Trump Tax Law’s New Corporate Breaks are Already Worsening the Deficit
October 9, 2025 • By ITEP Staff
Corporate income taxes for the fiscal year that ended in September are $77 billion lower than in the previous year, a 15 percent drop.
Many lawmakers who were vocal supporters of this bill will see direct personal benefits while most of their constituents benefit little or will be worse off.
The Potential of Local Child Tax Credits to Reduce Child Poverty
October 8, 2025 • By Kamolika Das, Aidan Davis, Galen Hendricks, Rita Jefferson
Local governments have a critical role to play in reducing child poverty. Local Child Tax Credits could provide large tax cuts to families at the bottom of the income scale, lessening the overall regressivity of state and local tax systems.
Trump Tax Law Erases Economic, Racial Progress in the Tax Code
October 6, 2025 • By Brakeyshia Samms
President Trump’s massive tax-and-spending bill continues the administration’s assault on racial and economic justice by prioritizing tax breaks for the top 1% while neglecting the economic well-being of poor and working families of all races, especially people of color.
Quite Some BS: Expanded ‘QSBS’ Giveaway in Trump Tax Law Threatens State Revenues and Enriches the Wealthy
October 2, 2025 • By Sarah Austin, Nick Johnson
States should decouple from the federal Qualified Small Business Stock (QSBS) exemption.
Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?
October 1, 2025 • By Matthew Gardner
If Coca-Cola only pays 3% of the $18 billion tax bill it's facing, then the rest of us will have to pick up the remaining 97%.
State Rundown 10/1: State and Local Governments Doing the Opposite of Shutting Down
October 1, 2025 • By ITEP Staff
State and local officials are staying very busy by considering a dizzying amount of reversals.
Leaving Billions on the Table: Trump-Induced Brain Drain Leaves the IRS Struggling to Prevent Corporate Tax Avoidance
September 25, 2025 • By Matthew Gardner
The IRS's capacity to prevent big multinational corporations from avoiding income taxes is facing a generational crisis.
ITEP in the News
Audio: ITEP's Kamolika Das on the Need for States to Raise Revenue in the Wake of 2025 Trump Tax Law
Business Insider: Mamdani Says if the State Won’t Tax the Wealthiest New Yorkers, He’d Have To Tax the Middle Class as a ‘Last Resort’
KCUR: Eliminating Missouri’s Income Tax Could Actually Cost You More — Unless You’re Rich
Thomson Reuters: OBBB Put Pressure on States to Raise Revenues, Analysts Say
The Hill: Want ‘Affordability?’ Start by Retooling Your State’s Regressive Tax System.
ITEP Work in Action
Policy Matters Ohio: The Great Ohio Tax Shift, 2026
Massachusetts Budget & Policy Center: Testimony Regarding an Act To Manage Federal Tax Changes in Massachusetts
Economic Policy Institute: Everything You Need To Know About “No Tax on Overtime”
The Cascadia Advocate: Five More Claims Against the Million-Dollar Earners’ Tax That Don’t Check Out: Debunking Republicans’ Opposition to SB 6346
Mackinac Center: Lawmakers Should Reject Sales Tax Holidays
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