Institute on Taxation and Economic Policy (ITEP)

Recent Work

2271 items
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Congress Should Reject Proposed Tax Breaks for Crypto

July 16, 2026 • By Steve Wamhoff

Congress Should Reject Proposed Tax Breaks for Crypto

Crypto provides no clear benefit and instead harms society in several ways. Even if crypto was useful in some way that outweighed the harms it causes, there is no reason to make exceptions that treat it more generously than other types of assets or transactions.

New Legislation Would Require Big Multinationals to Tell Shareholders Where They’re Hiding Offshore Profits

Sen. Chris Van Hollen introduced legislation requiring big multinational corporations to tell shareholders and the public what they’re already telling tax authorities behind closed doors: how much income they’re booking in specific offshore tax havens and how little tax they’re paying to these jurisdictions.

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Ineffective Sales Tax Holidays Miss the Mark

July 15, 2026 • By Miles Trinidad

Ineffective Sales Tax Holidays Miss the Mark

Twenty states have sales tax holidays in 2026. These sales tax holidays will cost states and localities nearly $600 million in lost revenue this year, and they're poorly targeted and too temporary to meaningfully change the regressive nature of a state’s tax system.

The Trump administration is targeting immigrants again.

Missouri’s Amendment 5 Would Cut Taxes for the Rich and Raise Taxes on Seniors and the Middle Class

On August 4, Missouri voters will vote on whether to increase taxes on the middle class and seniors to fund tax cuts for the richest households in the state.

Trump Administration Says Shining Light on Corporate Tax Avoidance is ‘Very Dangerous’

Administration officials appear far more concerned about the public knowing too much about how U.S. corporations shift their income into offshore tax havens.

State Rundown 7/14: 250 Years of Good Reasons to Tax the Rich

As our nation celebrates and reflects 250 years since its adoption of the Declaration of Independence, several states have moved to pass lingering budgets.

State lawmakers are rushing to offers billions in subsidies to data centers.

2026 Sessions in Review: States Fund Tax Credits by Preserving, Raising Revenue

In a year of cautious uncertainty around current and ongoing revenues, many state lawmakers strengthened their tax credits for families and children.

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State-by-State Tax Expenditure Reports

July 1, 2026 • By ITEP Staff

Below is a list of tax expenditure reports published in the states.

America at 250: It’s Time for a Tax Code That Lives Up to Our Ideals

After 250 years, our leaders must show a commitment to completing the unfinished work of American democracy.

New EU Disclosure Requirements Are Helping Identify Corporate Tax Avoiders

Microsoft reports a huge share of its worldwide profit in low-tax Ireland and is achieving this despite having a very small share of its employees there. As other companies make similar disclosures between now and the end of calendar year 2026, investors and the public will likely get a much clearer sense of how much profit corporations are hiding offshore—and how much tax they’re avoiding by doing so.

2026 Sessions in Review: States Move to Tax the Rich and Corporations

This year several states raised income tax rates on high-income people to fund crucial services and make progress toward remedying the regressive tilt of their tax codes.

A Year Later, Many States Have Decided Not to Double Down on Trump’s Tax Cuts

Nearly one year after the Trump tax law was signed, many of the 42 states with income taxes are declining to incorporate significant parts of the new law into their own tax codes.

How much is hosting the World Cup costing your city or state?