Recent Work
2306 items
Higher fuel and food prices are on track to cost the average household over $1,300 by the end of the year.
Meta is claiming the research tax credit – a tax break meant to encourage innovation and experimentation – to pay for the equipment it uses in data centers to power its AI activities. ITEP described how Meta paid just 3.5% of its profits in federal corporate income taxes in 2025.
Tallying Up the Impact of Florida’s Property Tax Ballot Measure on Local Communities
September 29, 2026 • By Neva Butkus
Florida voters will soon vote on Amendment 3, which would create a pathway for non-school property tax elimination in the state. If passed, the measure would cost local governments $13.7 billion in the first two years alone.
California’s Prop 40: Responses to Common Objections
September 28, 2026 • By Brian Galle, David Gamage, Darien Shankse
Proposition 40, California’s proposed billionaire tax, is a one-time 5 percent levy that addresses a significant one-time emergency, namely the cuts made to the healthcare system by the so-called “One Big Beautiful Bill Act.”
Property taxes are the largest source of revenue for over half of the 50 largest cities, but to a lesser degree than for other local governments.
State Rundown 9/24: States Reckon with Tightening Fiscal Futures
September 24, 2026 • By ITEP Staff
States across the nation are reckoning with their tightening fiscal futures as inflation and economic woes continue to eat into their budgets.
Big Tech Is Raking in Enormous Tax Breaks for AI Development
September 17, 2026 • By Matthew Gardner
OBBBA’s expensing provision is becoming especially lucrative for the companies building out AI infrastructure right now. There is no evidence whatsoever that tax breaks are necessary to encourage their construction.
New Census Data Show Importance of Refundable Tax Credits and Need for Improvements
September 16, 2026 • By Joe Hughes
The Child Tax Credit actually moved fewer children out of poverty in 2025 than it did in 2024 prior to Congress passing the so-called "One Big Beautiful Bill Act" (OBBBA).
State Earned Income Tax Credits Will Support Families and Workers in 2027
September 15, 2026 • By Neva Butkus
Nearly two-thirds of states (plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit. These credits boost low-paid workers’ incomes and offset some of the taxes they pay, helping working class families achieve greater economic security.
State Child Tax Credits Will Boost Financial Security for Families and Children in 2027
September 15, 2026 • By Neva Butkus
Sixteen states provide Child Tax Credits to reduce poverty, boost economic security, and invest in children. State lawmakers have several options to maximize the impact of Child Tax Credits.
TurboTax maker Intuit reported nearly $6 billion in U.S. profits in 2025 and paid no federal income tax. Instead, the company received a refund, thanks in part to new tax breaks from OBBBA.
State Rundown 9/10: States Brace for (and in Some Cases Embrace) Ballots and Budgets
September 10, 2026 • By ITEP Staff
States across the country will consider a host of ballot measures that could reshape the fairness and adequacy of their states’ tax systems, while other states are receiving budget forecasts that could further shape upcoming policy debates.
How the 50 Largest American Cities Raise Revenue and What That Means for Tax Equity
September 9, 2026 • By Rita Jefferson, Nick Johnson, Galen Hendricks
Large cities have the technical capacity, the economic base, and often more political might than smaller localities and governments that local officials should utilize to design fairer tax systems.
This fall, voters across the country will consider a host of ballot measures that could reshape the fairness and adequacy of their states’ tax systems. Here’s some of what we’re following.
The Biggest Winners from Trump’s Tariff Refunds are Big Corporations
September 3, 2026 • By Matthew Gardner
The Trump administration has been forced to pay out over $100 billion from illegal tariffs, and the biggest winners from these tariff refunds have been big corporations.
Institute on Taxation
and Economic Policy
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.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.