August 18, 2026
Last year, corporations ran away with one of the biggest federal income tax breaks in history, thanks to rule changes, write-offs, and credits made permanent in President Trump’s One Big Beautiful Bill Act (OBBBA). According to a recent analysis by the Institute on Taxation and Economic Policy (ITEP), companies avoided paying more than $200 billion in federal income tax in 2025.
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Senior Fellow
Senior Analyst
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.
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