Institute on Taxation and Economic Policy (ITEP)

Recent Work

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NYC and Montana Lead the Way on Second-Home Taxes

June 1, 2026 • By Rita Jefferson

NYC and Montana Lead the Way on Second-Home Taxes

Second home taxes make a lot of sense for communities struggling with housing costs for full-time residents. They can raise real revenues too, which can be used to support further affordable housing development.

Major Oil and Gas Corporations Pay Little in U.S. Tax

The oil and gas industry has long been known for widespread tax avoidance. Now, thanks to new disclosure rules, we have a better picture of how this occurs.

As Inequality Grows, More States Look to Tax the Rich

From surcharges on the income of high-earners to higher taxes on second homes, here are recent steps states have taken to tax the rich.

Dean Baker sits down with Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, to expose how loopholes like carried interest were deliberately built to protect fortunes and make working people foot the bill. The result is a rigged system that keeps rewarding wealth and punishing work.

Jeff Bezos’ Amazon Received Almost 10 Percent of Corporate Tax Subsidies Last Year

Amazon received $17.5 billion in tax subsidies in 2025. That’s about 10% of all federal income tax subsidies for publicly traded corporations in 2025.

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Video: The growing cost of higher gas prices.

May 21, 2026 • By Marcus Rojas

The Iran War has significantly raised energy prices. See our tracker here.

State Rundown 5/21: A Flurry of Tax Decisions as Legislatures Wrap

As more legislative sessions come to an end, states are making final decisions on tax and budget policies.

The ‘Black Women Best’ Framework: An Innovative Method for Showing How Inheritance Taxes Affect the Racial Wealth Gap

The approach posits that if policies improve the economic wellbeing of Black women, they will benefit the broader economic health of the rest of the population.

High Gas Prices Weigh on Americans as Summer Travel Season Begins

As of May 19, Americans have already spent $39 billion more for motor fuel (both gasoline and diesel) because of the Iran War. This number is growing by the day.

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Tax the Rich, Fund Our Communities: Local Options for Progressive Revenue

May 18, 2026 • By Rita Jefferson, Nick Johnson, Angelo Pis-Dudot

Tax the Rich, Fund Our Communities: Local Options for Progressive Revenue

The task for local elected officials in this moment is therefore clear: use available tools to make the wealthy pay their fair share to fund the essential public goods that allow our communities to live safe, healthy, and thriving lives.

If we want to get serious about taxing the ultra-rich, focus on corporate tax reforms that are hard to undermine.

State Rundown 5/14: Fund Priorities or Increase Shortfalls?

As many legislative sessions end, lawmakers are revealing their priorities.

The Institute on Taxation and Economic Policy (ITEP) hosted a press briefing to discuss how federal lawmakers can build a resilient and progressive corporate income tax system. The briefing is tied to the release of ITEP’s new report, A Resilient Framework for Corporate Tax Reform.

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The Bears Bill Is Bad by Design. Here’s How.

May 13, 2026 • By Rita Jefferson, Amanda Kass, Kristan Wong Karinen

The Bears Bill Is Bad by Design. Here’s How.

State lawmakers are debating whether to subsidize a new Chicago Bears stadium in Arlington Heights, but this bill creates a new statewide property tax cut program for large development projects.

Progressives Need a Slight Course Correction on Tax Policy

Corporate tax reforms should be the backbone of any progressive tax agenda and should be counted on to remain if other changes to our tax code are later thwarted by any of the three branches of government.

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