March 17, 2026
Sen. Warren asks the companies to detail their 2025 tax cuts, tariff refunds, any contributions to Trump’s projects, and why they laid off workers.
Meta “paid an effective federal income tax rate of just over 3.5 percent in 2025,” Matt Gardner at the Institute on Taxation and Economic Policy wrote in an analysis last month, yet the company is considering laying off up to 20% of its workforce.
Quoted Staff Member
Senior Fellow
Related Reading
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.
Tax research and policy news in your inbox.
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.
