Informing the debate on tax policy nationwide with research and data-driven solutions.
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The lower your income is, the worse off you are under Trump's policies.
Our Federal Policy Director Steve Wamhoff explains, "...they’ve caused increased costs that more than offset those tax cuts by a lot for most people, except for the rich."
usatoday.com/story/money/per…
OBBBA helped Big Tech companies write off their costs for equipment – much of which was likely used for AI and data centers.
$27 billion in depreciation tax breaks went to 5 Big Tech companies alone last year.
huffpost.com/entry/data-cent…
Most American households have instead experienced cost increases from some of Trump's key policies.
itep.org/impact-of-trump-pol…
Ohio and North Carolina have recently suspended their gas taxes, while Indiana extended its ongoing gas tax suspension.
State gas tax holidays will help corporations and visitors far more than those having a hard time paying for gas, at the expense of public infrastructure.
State lawmakers continue to pursue costly and ineffective gas tax holidays as the Iran War drives gas prices up nationwide.
itep.org/gas-prices-states-m…
Shoe maker Steve Madden received $92 million in tariff refunds.
After noting that it was “pleased overall with consumer acceptance of the price increases,” the company says it will use those tariff refunds to “pay down debt.”
itep.org/trump-tariff-refund…
The middle 20% of Americans will pay an average of about $1,700 more in 2026, while the poorest 20% will pay roughly $750 more.
The richest 1%, meanwhile, will pay an average of about $12,560 less.
itep.org/impact-of-trump-pol…
The Trump administration wants Americans to disclose their citizenship status to the IRS.
Along with tax credit restrictions on noncitizens, this administration continues to try to reshape the tax code to target immigrant families.
apnews.com/article/irs-immig…
ITEP retweeted
White households are 91% of the wealthiest 1%.
Taxing the rich isn't just good fiscal policy. It's one of the most powerful tools we have for advancing racial equity.
Taxing the rich isn't just good policy. It's racial equity. ⬇️
itep.org/new-state-taxes-on-… @iteptweets
Taxing the rich helps fund vital public services and makes tax codes fairer.
It's also one of the most effective tools available for advancing racial equity.
Four states this year passed new tax laws showing how this can be done.
itep.org/new-state-taxes-on-…
ITEP retweeted
We and other organizations have been tracking billions in state and local tax dollars data center companies are getting, but they're also getting sig *federal* tax breaks and subsidies, including substantial R&D credits, capital gains tax breaks and others tucked inside the BBB.
Meta paid just 3.5% of its profits in federal corporate income taxes last year.
Part of that is due to claiming the research tax credit to pay for the equipment it uses in data centers to power its AI activities.
itep.org/metas-outlandish-ta…
Meta paid just 3.5% of its profits in federal corporate income taxes last year.
Part of that is due to claiming the research tax credit to pay for the equipment it uses in data centers to power its AI activities.
itep.org/metas-outlandish-ta…
The Trump administration says its new proposal is designed to keep undocumented immigrants from obtaining certain tax credits.
But our new estimates find that nearly 9 in 10 of the affected children are U.S. citizens.
itep.org/new-estimates-immig…
Florida voters will decide on Amendment 3, which would create a pathway for non-school property tax elimination.
If passed, local governments would lose $13.7 billion in the first two years alone, jeopardizing public services that Floridians rely on.
itep.org/impact-of-amendment…
A new calculator launched this week by the Florida Policy Institute breaks down the impact on Florida communities.
amendment3.floridapolicyinst…
