ITEP @itep.org · 24/09/2026The Iran War has already cost Americans more than $100 billion in higher fuel prices. That’s an estimated $750 per household. 221
ITEP @itep.org · 17/09/2026Nearly two-thirds of states boost low-paid workers’ incomes and offset some taxes they pay with an Earned Income Tax Credit. Dozens of states have expanded or created EITCs since 2021. These credits help working-class families achieve greater economic security. 211
ITEP @itep.org · 16/09/202616 states provide Child Tax Credits to reduce poverty, boost economic security, and invest in children. This year, 3 states expanded their CTCs, and Rhode Island announced the state's first CTC. These credits amount to a multibillion-dollar investment in the next generation. 130
ITEP @itep.org · 10/09/2026Where do America's biggest cities get their tax revenue? While property taxes are the biggest source of revenue for over half of the 50 largest cities, income taxes are an important (but underutilized) source of progressive local revenue for several of them. 131
ITEP @itep.org · 10/09/2026Tax policies under the second Trump administration have mostly asked more from working families and fueled wealth inequality. The combined impact of tariffs, ending health care tax credits, and OBBBA results in a tax increase for most Americans except the richest 5%. 366
ITEP @itep.org · 02/09/2026Lawmakers have many options to tax Big Tech. Here’s one. More states are revisiting their tax treatment on advertising – now a major revenue source for Big Tech. Illinois, Utah, and Washington have recently enacted new taxes on advertising, and other states are considering it. 112
ITEP @itep.org · 01/09/2026We know who benefits the most when the IRS doesn't have enough staff to dedicate to audits. It's the richest Americans. 021
ITEP @itep.org · 28/08/2026The ongoing war in Iran has left Americans dealing with soaring fuel prices. U.S. households have paid $82 billion more in higher fuel costs so far. That number will approach $100 billion by next month. 154
ITEP @itep.org · 27/08/2026More states are quietly reducing their top income tax rates through repeated, incremental cuts. In this decade alone, states have cut their top personal income tax rates 71 times. These repeated cuts add up to enormous tax giveaways for the wealthiest households. 131
ITEP @itep.org · 26/08/2026The Trump administration is attempting to reduce tax credits for certain lawfully present immigrant groups. Affected DACA recipients and their families stand to lose $4,560 in tax credits per year. This is the administration's latest attempt to target hard-working immigrant families. 153
ITEP @itep.org · 14/08/2026$83 billion in federal tax breaks went to just 6 companies in 2025. Microsoft has the record high for a publicly held company in a single year at nearly $19 billion. That's out of $204 billion disclosed by publicly traded U.S companies so far for 2025. 166
ITEP @itep.org · 13/08/2026President Trump is once again weighing a proposal to index capital gains taxes to inflation ahead of the midterm elections. It’s clear who this is for. It would create a massive tax break for wealthy investors on income already subject to favorable tax treatment. 185
ITEP @itep.org · 30/07/2026As Microsoft continues to lay off thousands of workers, the company just reported a record $101 billion in US income, $18.7 billion in federal tax breaks, and a federal income tax rate of just 2.44%. itep.org/microsoft-ea... 033
ITEP @itep.org · 09/07/202634 states now have their own Child Tax Credit or EITC. This year, Rhode Island became the 16th state with a Child Tax Credit. Several other states also expanded or strengthened their credits. These investments came from preserving or generating new revenue. 121
ITEP @itep.org · 24/06/2026DACA recipients have long paid income taxes under the same rules as other taxpayers. But the Treasury Department wants to change that by hacking away at the tax credits they can claim. Affected families stand to take a hit totaling 12% of their average annual income. 122
ITEP @itep.org · 18/06/2026The Treasury wants to bar more lawfully present immigrants from tax breaks that support working families and reduce poverty. As many as 30 states are at risk of seeing their tax credits weakened unless lawmakers opt out of these proposed restrictions. 132
ITEP @itep.org · 08/06/2026Trump’s tax cuts added $4.6 trillion to the national debt and mostly went to the richest Americans and huge corporations. Future generations will pay for it, as servicing this debt will eat away at other priorities and public services. 296
ITEP @itep.org · 14/05/2026President Trump said he wants to suspend the gas tax. Unfortunately, this is mostly a political move that would likely do little to help drivers across the country. 020
ITEP @itep.org · 06/05/2026Do you have operations expertise and want to work toward economic justice? We have a new position open for a full-time Operations Manager. Visit our website to find more details and apply. 000
ITEP @itep.org · 28/04/2026It's no surprise that taxing the rich is a popular policy. Americans largely agree that wealthy people and corporations don’t pay their fair share, according to @pewresearch.org. 172
ITEP @itep.org · 15/04/2026At least 88 corporations paid $0 federal income tax for 2025. #TaxDay 01116
ITEP @itep.org · 25/03/2026Almost a decade ago, Trump slashed the corporate income tax rate by nearly a third. But corporations are paying far below that 21% rate thanks to enormous tax breaks and loopholes. That's how these four big tech companies paid a collective tax rate of just 4.9% last year. 279
ITEP @itep.org · 23/03/2026The Iran war has sent gas prices soaring. If these price increases continue, American drivers could pay an additional $9.4 billion per month for gasoline. The South has been hit hardest and is on pace to pay $4.2 billion more per month — nearly half of the nationwide cost. 185
ITEP @itep.org · 16/03/2026The income restrictions under the Child Tax Credit still favor wealthier families. While a small number of children are ineligible for the full credit because their families earn too much, far more children are ineligible because their families earn too little. 299
ITEP @itep.org · 25/02/2026Corporate tax avoidance is already over $79 billion for 2025 as filings continue to come in. Dozens of huge corporations have already disclosed paying single-digit federal income tax rates thanks to OBBBA. And now Trump wants more tax cuts for them. 254
ITEP @itep.org · 24/02/2026Ahead of tonight’s State of the Union, we’re looking at the impact of President Trump’s tax policies one year into his second administration. The bottom line is that all but the richest Americans are paying more in taxes this year. 10372182
ITEP @itep.org · 14/02/2026The Trump administration has given plenty of gifts to giant corporations. #TaxValentines 011
ITEP @itep.org · 27/01/2026How will your taxes change this year? Most low- and middle-income households will either see little change or actually pay more, especially when accounting for tariffs. The richest 1% of Americans alone will receive more in net tax cuts than the bottom 80% of Americans combined. 133
ITEP @itep.org · 14/01/2026Some states are losing well over $100 million per year just to give tax breaks to data centers. 131
ITEP @itep.org · 31/12/2025The new tax law President Trump signed earlier this year will send the richest 1% of households about $1 trillion in tax cuts over the next decade. For comparison, the bill’s cuts to Medicaid will total $930 billion over the same period. itep.org/2025-the-yea... 0128
ITEP @itep.org · 08/12/2025Florida lawmakers are exploring ways to eliminate property taxes. Here's why it's a bad idea. 042
ITEP @itep.org · 03/12/2025Here's another example of how Trump's tariffs raise prices for American consumers. During their 4Q earnings call, John Deere corporate executives admitted that: - Their tariffs hit will double next year - They'll make it up with price increases. 011
ITEP @itep.org · 25/11/2025Trump's tax law pushes 529 college savings accounts further into subsidizing private schools and cutting taxes for wealthy parents. States can forgo a costly, inefficient subsidy for private schools by steering the use of these accounts back toward their original purpose. 152
ITEP @itep.org · 30/10/2025Wealth inequality gets worse when working households pay more in taxes than wealthy owners. States have a simple way to address this problem and raise much-needed revenue. It's well past time for a Wealth Proceeds Tax. 252
ITEP @itep.org · 27/10/2025The government gives tax breaks to the wealthy for buying private jets. But health care tax credits that support millions of middle- and low-income Americans get cut. Yet another example that shows we have two tax codes, one for the rich and one for everyone else. 120
ITEP @itep.org · 24/10/2025Most people agree that progressive tax codes — where the wealthy pay a higher tax rate than low- and middle-income families — are fair. But most of our state & local tax systems are regressive, leading to widening inequality and underfunded public services. 220
ITEP @itep.org · 23/10/2025As states figure out which federal tax changes are worth keeping, here's one that isn't. This tax break gives virtually all its benefits to millionaire and billionaire venture capitalists. Keeping it would cost $1.2 billion in yearly revenue across 38 states. 211
ITEP @itep.org · 20/10/2025The tax cuts Trump signed earlier this year barely reach the bottom 40% of Americans. Any tax cuts they might see will be negated by tariffs that ask more from lower-income Americans. 121
ITEP @itep.org · 17/10/2025This year's major tax changes overwhelmingly benefit the wealthy. Any benefits for the bottom 40% of Americans are wiped out by tariffs and expired health care tax credits. As wealth inequality worsens, this only fuels it. 132
ITEP @itep.org · 16/10/2025These five states gave the biggest tax cuts to millionaires this year. The average millionaire in these states will receive an annual tax cut worth more than 50x the average tax cut for non-millionaires. These states could lose more than $2.2 billion in revenue per year. 152
ITEP @itep.org · 26/09/2025The new Trump tax law could throw state tax systems out of balance. Our webinar will explore how states can chart their own course. Learn more on our homepage, or sign up here: us02web.zoom.us/webinar/regi... 063
ITEP @itep.org · 23/09/2025It’s not a mystery which policy tools can reduce poverty. Any lawmaker serious about helping struggling families should push for a permanent expansion of the Child Tax Credit. Otherwise, families across the country face unnecessary hardship. 162
ITEP @itep.org · 04/09/2025We're glad to have our director @amyhanauer.bsky.social featured in "Death & Taxes," a documentary about wealth, inequality, and the American Dream. 072
ITEP @itep.org · 21/08/2025What would a middle- and working-class tax cut actually look like? - Keep the 2017 tax cuts for those making under $400,00 - Expand the CTC - Don't extend corporate and high-income tax cuts This approach would be much fairer than the new law and cost half as much in revenue. 120
ITEP @itep.org · 19/08/202572% of Trump's tax cuts will go to the richest fifth of Americans in 2026. But President Trump and Congressional Republicans continue to promote the idea that these tax cuts mainly benefit regular Americans. Here's what’s in it for the wealthy. 133
ITEP @itep.org · 12/08/2025Looking to join the fight for tax fairness? ITEP is hiring policy and communications interns for this fall. You can submit your application by emailing a resume and cover letter to internship@itep.org. 010