Recent Work

Government Shutdown is Rooted in Hypocrisy, Dysfunction, and, As Always, Tax Cuts for the Rich

September 27, 2023 • By Joe Hughes

The priorities in this shutdown drama couldn’t be clearer. House Republicans once again threaten the financial security of the millions of Americans to exact cuts to programs like Head Start, the Social Security Administration, and the EPA – all while seeking unaffordable tax cuts for multinational corporations, the wealthy, and foreign investors.

Moore Case Could Enrich Tax-Avoiding Multinational Corporations – and the SCOTUS Justices Who Own Their Stock

September 27, 2023 • By Matthew Gardner

The Moore v. United States case that will soon be heard by the U.S. Supreme Court could jeopardize at least $270 billion if SCOTUS finds the entire transition tax to be unconstitutional. The decision could also invalidate other important parts of the current tax system while preempting progressive wealth tax proposals. Such an outcome would represent one of the costliest—and most ethically questionable - Supreme Court decisions in U.S. history.

Supreme Corporate Tax Giveaway: Who Would Benefit from the Roberts Court Striking Down the Mandatory Repatriation Tax?

September 27, 2023 • By Matthew Gardner, Spandan Marasini

The Supreme Court is set to hear what could become one of the most important tax cases in a century. If decided broadly—with a ruling that strikes down the Mandatory Repatriation Tax for corporations, effectively making it unconstitutional to tax unrealized income—the Roberts Court’s decision in Moore v. US could stretch far beyond the plaintiffs themselves and would put in legal jeopardy many laws that prevent corporations and individuals from avoiding taxes and level the economic playing field.

Kyrsten Sinema’s Latest Fight to Protect Tax Breaks for Private Equity

September 15, 2023 • By Steve Wamhoff

Sen. Sinema's bill to stop a seemingly arcane business tax increase that was enacted as part of the 2017 Trump tax law would be hugely beneficial to the private equity industry.

State Rundown 9/13: The (Policy) Choices We Make

September 13, 2023 • By ITEP Staff

The U.S. Census Bureau released its annual assessment of poverty in America this week...

State Tax Credits Have Transformative Power to Improve Economic Security

September 12, 2023 • By Aidan Davis

The latest analysis from the U.S. Census Bureau provides an important reminder of the compelling link between public investments and families’ economic well-being. Policy decisions can drastically reduce poverty and improve family economic stability for low- and middle-income families alike, as today’s data release shows.

States are Boosting Economic Security with Child Tax Credits in 2023

September 12, 2023 • By Aidan Davis, Neva Butkus

Fourteen states now provide Child Tax Credits to reduce poverty, boost economic security, and invest in children. This year alone, lawmakers in three states created new Child Tax Credits while lawmakers in seven states expanded existing credits. To maximize impact, lawmakers should consider making their credits fully refundable, not including an earnings requirement, setting a maximum amount per child instead of per household, setting state-specific phase-out ranges that target low- and middle-income families, indexing to inflation, and offering the option of advanced payments.

Lapse of Expanded Child Tax Credit Led to Unprecedented Rise in Child Poverty

September 12, 2023 • By Joe Hughes

The new Census data should provide both concern and optimism for lawmakers. The steep rise in child poverty is an inexcusable tragedy. But it shows that child poverty is avoidable when Congress makes the decision to make tax policy for those who need the hand up rather than for the rich and powerful.

Boosting Incomes, Improving Equity: State Earned Income Tax Credits in 2023

September 12, 2023 • By Aidan Davis, Neva Butkus

Nearly two-thirds of states (31 plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit, an effective tool that boosts low-paid workers’ incomes and helps lower-income families achieve greater economic security. This year, 12 states expanded and improved EITCs.

How to Better Tax the Rich Men North (and South) of Richmond

September 7, 2023 • By Amy Hanauer

When you examine tax policy through the lens of how much working (and poor) people are taxed compared to rich men north (and south) of Richmond, it’s hard not to take Oliver Anthony's runaway hit as a jumping off point to amplify some important facts.

Expanding the Child Tax Credit Would Advance Racial Equity in the Tax Code

August 29, 2023 • By Emma Sifre, Joe Hughes

Expanding the federal Child Tax Credit to 2021 levels would help nearly 60 million children next year. It would help the lowest-income children the most and would particularly help children and families of color.

State Rundown 8/23: Tax and Effect

August 23, 2023 • By ITEP Staff

While a number of state tax laws are debated, approved, and vetoed in any given year, many go unnoticed...

The Innovative Non-Tax Tax Parts of the Inflation Reduction Act

August 23, 2023 • By Michael Ettlinger

In the year since Congress enacted the Inflation Reduction Act (IRA), ITEP has written extensively on the law’s provisions to increase tax fairness and raise revenue for public investments. The IRA, however, also includes tax provisions that serve purposes other than ensuring that we raise adequate revenue and that we do so in a fair […]

Does Your State Offer Tax Credits for Private K-12 School Voucher Contributions?

August 15, 2023 • By Carl Davis

Twenty-one states provide public support to private and religious K-12 schools through school voucher tax credits.

Celebrating One Year Since the Landmark Inflation Reduction Act

August 14, 2023 • By Joe Hughes

The Inflation Reduction Act was a course correction from decades of tax cuts that primarily went to the richest Americans and left the rest of us with budget shortfalls that conservative lawmakers now seek to plug with cuts to Social Security and Medicare. For the first time in generations we are finally asking those who have benefited the most from our economy to contribute back.