Everything! Taxing wealthy people and corporations and using the revenue for paid leave, child care, education, health care and college would transform America for girls and women of every race and family type, in every corner of this country.
blog April 14, 2023
We Can Create a Fair, Feminist Tax Code
blog January 11, 2023
“Fair Tax” Plan Would Abolish the IRS and Shift Federal Taxes from the Wealthy to the Rest of Us
The “Fair Tax” bill would impose a 30 percent federal sales tax on everything we buy – groceries, cars, homes, health care – and lead to a giant tax shift from the well-off to everyone else.
blog January 4, 2023
Trump’s Tax Shenanigans Show Need for Real Reforms
Congress should unite around a basic principle that Republican, Democratic, and independent voters support: the wealthiest, whether they are presidents, CEOs, or just rich heirs, should pay their fair share. Using Trump’s tax maneuvering as a guidebook could make the tax code much fairer for all of us.
news release August 12, 2022
ITEP: Inflation Reduction Act is Biggest Corporate Tax Reform in DecadesAmy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, issued the following statement on “The Inflation Reduction Act (IRA) of 2022,” the reconciliation bill passed today by…
blog August 9, 2022
What Tax Provisions are in the Senate-Passed Inflation Reduction Act?The Inflation Reduction Act approved by the Senate on Aug. 7 would raise more than $700 billion in new revenue over a decade by closing corporate tax loopholes, empowering the…
blog August 5, 2022
They Might Really Do It: The Senate Is About to Reform Our Tax Code
For now, the Senate is poised to reverse cuts to the IRS enforcement against wealthy tax evaders for the first time in a decade, crack down on tax-dodging by huge corporations for the first time since 1986, and finally address the method increasingly used by corporations to transfer income to shareholders to avoid federal taxes. The multi-decade winning streak of corporate lobbyists and special interests who have practically written many of our tax laws in recent years is about to come to an end.
blog August 5, 2022
Corporate Minimum Tax Examples: Apple Would Likely Pay More, 3M Would Not
Apple, one of the largest corporations in the United States despite manufacturing most of its physical products offshore, would likely pay the corporate minimum tax that is included in the Inflation Reduction Act that the Senate is debating this week. 3M, a manufacturer that has about 40 percent of its workforce in the United States, likely would not pay the corporate minimum tax if current trends in the company’s profits and taxes continue, because it is already paying above 15 percent of its profits in taxes.
blog August 2, 2022
Top Republican Tax-Writer Falsely Claims that Minimum Tax for Huge Corporations Is a Tax Hike on Middle-Class
Opponents of requiring corporations to pay even a minimum amount of taxes hold an unpopular position. But Sen. Mike Crapo, the top Republican on the Senate Finance Committee and a leader of that opposition, is using a one-sided and incomplete analysis to claim that the corporate minimum tax would raise taxes on low- and middle-income people.
news release July 28, 2022
ITEP: Reconciliation Deal Represents “Transformational Change” for U.S. Tax PolicyAmy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, issued the following statement on “The Inflation Reduction Act of 2022,” the reconciliation bill announced yesterday by Senate…
blog June 30, 2022
No Reason to Water Down the Tax Reforms in the Build Back Better ActThere is no justification for recently reported efforts to scale back the tax reforms in the Build Back Better Act, a bill passed by the House of Representatives in November…
blog April 18, 2022
Public Problems Demand Public Solutions
Long-term troubles for this country and this planet now demand our attention. Progressive tax policy would transform our ability to tackle them.
blog March 25, 2022
New ITEP Report Explains How the Biden Administration Can Act on Its Own to Fix Our Tax Code
The Biden administration should revise regulations from the TCJA to enforce the law as it was written and passed by Congress, not as big banks and multinational corporations have lobbied for it to be enforced.
report March 25, 2022
What the Biden Administration Can Do on Its Own, Without Congress, to Fix the Tax Code
The Biden administration has several options to address tax reform even when Congress is unable or unwilling to help.
blog March 24, 2022
Women’s History Month is a Reminder that Sensible Tax Policy is Central to Women’s Economic Security
Women’s History Month is a chance to remember what happens for women when tax policy becomes more progressive, boosts income, and helps make raising a family more affordable.
blog March 9, 2022
A Better Alternative: New Mexico Prioritizes Targeted, Temporary Tax Cuts
New Mexico stands in stark contrast to the many examples of poorly targeted tax-cut proposals currently being considered around the country.
blog February 22, 2022
Senate Republicans Revive the Myth of the Takers
Sen. Scott and others who favor shifting taxes away from the rich and down the income distribution often focus solely on the federal personal income tax and ignore all the other taxes that Americans pay.
blog January 25, 2022
Why Tax Reform Should Remain on the Table
In this country, wealthier than any other and wealthier than we’ve ever been, we can create a smarter, more equitable tax code that better taxes those most able to pay.
blog October 28, 2021
Tax Provisions in the White House Build Back Better Framework: The Good and Bad
The tax provisions in the Build Back Better framework released by the White House today include enormously helpful reforms but also some disappointments. The good news is that the plan would raise nearly $2 trillion over a decade from those who can afford to pay–the richest Americans and large, profitable corporations. The bad news is that some fundamental problems with our tax code would remain unaddressed.
blog October 27, 2021
A Surprising Idea from the Era of ReaganomicsPresident Reagan is lionized by many for cutting taxes and government. But the story is more complicated. Reagan knee-capped regulation and much domestic spending, and early in his administration he…
blog June 25, 2021
When Tax Breaks for Retirement Savings Enrich the Already Rich
Members of Congress frequently claim they want to make it easier for working people to scrape together enough savings to have some financial security in retirement. But lawmakers’ preferred method to (ostensibly) achieve this goal is through tax breaks that have allowed the tech mogul Peter Thiel to avoid taxes on $5 billion. This is just one of the eye-popping revelations in the latest expose from ProPublica.
blog May 17, 2021
State and Local Lessons on Tax Day 2021
Take a minute on this Tax Day to reflect on all that you survived, accomplished, and contributed to the collective good this past year, and be proud. There is always more work to be done to build the communities we desire, and paying your share is what allows that work to continue.
blog May 17, 2021
Research That Presents an Airtight Case for Taxing the Rich
Taxes not only provide revenue so we can have a functioning government, they also shape broader society. Currently economic inequality is one of the most pressing challenges of our time. ITEP has produced research over the years that shows the nation’s overall tax system (local, state and federal combined) is barely progressive. With real tax reform that centers ordinary people, tax policy can help create a more equitable society.
report April 8, 2021
National and State-by-State Estimates of President Biden’s Campaign Proposals for Revenue
During his presidential campaign, Joe Biden proposed to change the tax code to raise revenue directly from households with income exceeding $400,000. More precisely, Biden proposed to raise personal income taxes on unmarried individuals and married couples with taxable income exceeding $400,000, and he also proposed to raise payroll taxes on individual workers with earnings exceeding $400,000. Just 2 percent of taxpayers would see a direct tax hike (an increase in either personal income taxes, payroll taxes, or both) if Biden’s campaign proposals were in effect in 2022. The share of taxpayers affected in each state would vary from a low of 0.6 percent in West Virginia to a high of 3.5 percent in New Jersey.
blog November 20, 2020
State Tax Policy: Innovations to Embrace, Schemes to Avoid
Better tax policies will help communities emerge from the current staggering fiscal crisis with tax structures that reduce inequality at a time when rich people are thriving and public services are under siege. Preserving public spending will boost the economy and improve lives–and cutting these essentials will not only hurt people but also deepen the downturn, a lesson we learned in the Great Recession’s slow recovery. Other states should take note.
blog October 7, 2020
New ITEP Report Shows Few Taxpayers in Each State Paying More Under Biden’s Tax Plan
An ITEP report finds that taxes that people pay directly would stay the same or go down in 2022 for 98.1 percent of Americans under President-elect Joe Biden’s tax plan.