Institute on Taxation and Economic Policy

ITEP Work in Action

Hawai’i Appleseed: Incoming Federal Tax Cuts Will Heavily Favor Hawaiʻi’s Wealthiest Residents

August 7, 2025

Recently-signed federal legislation will cut taxes for the wealthy. The Institute on Taxation and Economic Policy (ITEP) analysis of the Senate Reconciliation Bill—promoted as the One Big Beautiful Bill Act—has found that its tax provisions overwhelmingly benefit the wealthiest Americans, while offering less relief to working families.

New Hampshire Fiscal Policy Institute: New Federal Reconciliation Law Reduces Taxes, Health Access, and Food Assistance Supports for Granite Staters

August 6, 2025

The new federal reconciliation law, signed on July 4, 2025, makes significant changes to programs that will impact Granite Staters. These changes include direct interactions with individuals and families, including reducing taxes for most residents, particularly those with higher incomes, and limiting access to both health services and food assistance. The new law also impacts the financial outlooks for both the State and federal governments, which may affect subsequent policy choices and services.

United Ways of California: The Economic Impact of Immigrants in California

August 5, 2025

Communities across California are feeling the effects of immigration raids and mass deportation efforts, both in the fabric of their communities as well as their economies. Actions and threats against employees, jobs, and neighbors will have a profound impact on our state and nation in both the short and long term. Here, we delve deeper into one aspect of why by discussing the impact immigrants have on our economy.

Center for American Progress: 2024 Findings Reveal What’s at Stake for Recipients and the United States

August 5, 2025

The 10th annual DACA survey illustrates the positive contributions that DACA recipients have made to America and reveals the significant, widespread disruptions that would result from ending DACA, highlighting more than ever the need for congressional action to provide pathways to citizenship for recipients.

State Innovation Exchange: Funding Our Futures Despite Trump’s Big Ugly Megabill

July 29, 2025

Trump’s Big Ugly Megabill is a budget dream come true for billionaires and corporate lobbyists and a nightmare for states. The nearly 900-page bill poses brutal consequences, especially for working class people.

League of Women Voters: What Is the “One Big Beautiful Bill” and Its Impact?

July 28, 2025

On July 4th, the President signed into law the One Big Beautiful Bill Act (OBBB), a nearly 1,000-page bill that changes federal spending levels by stripping tens of millions of our most vulnerable neighbors of their health care and nutrition.

Maine Center for Economic Policy: How Trump’s “Big Beautiful Bill” Further Enriches the Rich and Immiserates the Poor

July 25, 2025

Though some of the details of the OBBBA were altered in the Senate from its original House-passed version, the overall impact remained largely the same: tax cuts for the rich, little change for the middle class, and punishing cuts for the poor.

Georgia Budget & Policy Institute: Historic Federal Tax Shift Benefits Wealthiest, Grows Deficit and Exacerbates Georgia’s Rural Challenges

July 18, 2025

In H.R. 1, the federal reconciliation bill, the federal government shirks its responsibility to Georgians, leaving the state to continue to support Georgians with fewer resources.

Demos: The Reconciliation Bill Is a Brazen Betrayal of Present and Future Generations

July 16, 2025

The passage of the inaptly named “One Big Beautiful Bill” is a loss for the country, not just because of immediate cost and economic harm it will cause families but because of the future we’re giving up. Slashing funding for programs that support individual and community well-being in order to cut taxes for the wealthy elite will most directly and immediately harm households with the fewest resources, but ultimately, everyone will lose out on a better future.  

Joint Center for Political and Economic Studies: Joint Center Launches 2025 Tax Advisory Committee

July 15, 2025

Today, the Joint Center for Political and Economic Studies officially launched its 2025 Tax Policy Advisory Committee. This committee will play a critical role in informing the Joint Center’s tax research, helping shape public discourse around tax policy issues affecting Black communities, and contributing to efforts to close the racial wealth divide.

Florida Policy Institute: What Floridians Should Know About the FY 2025-26 Tax Package

July 11, 2025

Once again, policymakers are pursuing tax cuts and plan to pay for them with budget cuts. All the while, three-quarters of Florida prisons do not provide A/C; over 2.5 million Floridians are without health coverage; thousands of homebound adults and disabled individuals are stuck on long waitlists for home and community-based care; and the state’s affordable housing crisis continues.

The Bell Policy Center: Colorado’s Rural Communities Will Suffer from the Federal Budget Bill

July 11, 2025

It’s been widely acknowledged that the bill’s benefits and burdens will be unequally felt. Yet, within these analyses, impacts on the urban-rural divide are often overlooked. As we detail below, the federal bill is likely to worsen the economic well-being of rural Colorado while providing substantial benefit to affluent suburban and mountain resort communities.

CAP: A New Immigration System To Safeguard America’s Security, Expand Economic Growth, and Make Us Stronger

July 7, 2025

"America needs to fix its broken immigration system. Bipartisan reform attempts have repeatedly failed over more than three decades, as Congress has kicked the can down the road without solving fixable problems. The existing, outdated system fails us all. We must make the immigration system work for America."

DC Fiscal Policy Institute: Statement on Final Passage of Federal Budget Reconciliation Bill

July 7, 2025

Today, Congressional Republicans gave final approval to a federal budget bill that makes historic cuts to social safety net programs, funnels unprecedented resources into mass deportation, and gives trillions in tax cuts largely to the wealthy while ballooning the deficit. Read more.

More Perfect Union: The One Big Beautiful Bill Is a Big Corporate Cash Grab

July 3, 2025

While the bill will make life harder for millions of current Medicaid recipients and low-income families, a wide swath of corporate America came out as big winners. Here’s a look at the industries that won in the “One Big Beautiful Bill,” and one that didn’t quite get everything it wanted.

Center for Law and Social Policy: Senate Budget Reconciliation Bill Sacrifices the Well-Being of Working Families to Give Tax Breaks to Billionaires

July 2, 2025

The budget reconciliation bill passed today by the Senate on a vote of 51-50, with Vice-President Vance casting the tie-breaking vote, will cause significant harm to millions of children and families, all for the sake of providing more tax breaks for the wealthy.

CBPP: Missouri Poised to Enact Appalling Giveaway to its Richest Residents

June 30, 2025

The exemption could reduce state revenues by around $600 million each year, according to the Institute on Taxation and Economic Policy, roughly equal to the cost of funding 11,000 public school teachers’ salaries. Read more. 

NC Budget & Tax Center: It’s Time for a Millionaire’s Tax in North Carolina

June 26, 2025

According to the Institute on Taxation and Economic Policy, this NC Senate proposal alone would deliver an additional average annual tax cut of $64,700 to millionaires in North Carolina, on top of their federal tax cuts and more than a decade of state cuts. This is more than 52 times the average amount received by non-millionaires, who would see roughly $1,200.

Nebraska Legislature: Poverty Elimination Action Plan

June 25, 2025

The COVID-19 pandemic spurred temporary expansions to existing anti-poverty programs, which had a profound impact on poverty rates…Key programs during this period included SNAP, the refundable Child Tax Credit, and increased funding for TANF. As federal pandemic relief has expired, several states have enacted state-level replacements. Read more. 

Video: ITEP’s Amy Hanauer Discusses 2025 Tax Bill on Power at Work Blogcast

June 20, 2025

In this blogcast, Burnes Center for Social Change Senior Fellow Seth Harris is joined by Brendan Duke, the Senior Director for Federal Budget Policy at CBPP, and Amy Hanauer, the Executive Director at ITEP, to discuss Trump’s tax-and-spending bill and its impact on workers and worker power. Watch now to hear these tax experts dissect […]

League of Women Voters: What’s Happening with Medicaid, Tax Cuts, and Budget Bills?

June 20, 2025

According to the Institute on Taxation and Economic Policy, the highest-earning 20% of Americans will receive 69% of the bill’s tax cuts, and the highest-earning 1% of Americans will receive an average tax cut of about $70,000. Read more. 

EdTrust: The Great American Heist: Taxing Education, Not Billionaires or Corporations

June 20, 2025

In a country where higher education is one of the few remaining ladders to economic mobility, the latest House budget reconciliation bill sends a deeply troubling message: tax colleges and universities that educate our future workforce but let corporations and the ultra-wealthy continue to skate by. Read more.

Testimony: ITEP’s Amy Hanauer Discusses the House Reconciliation Bill During a Senate Spotlight Forum

June 18, 2025

Thank you for including me today and you can find research that I reference today on the website of the Institute on Taxation and Economic Policy at www.itep.org. The One Big Beautiful Bill Act (OBBBA) would cut services to poor and middle-class families, reduce revenue available for public needs, and provide large tax cuts primarily to the richest Americans, while also providing tax cuts to foreign investors.

Economic Policy Institute: How Anti-Worker Policies, Crony Capitalism, and Privatization Keep the South Locked Out of Shared Prosperity

June 18, 2025

Southern lawmakers have neglected basic worker protections and disinvested in social safety net programs while offering hefty subsidies to corporations, privatizing public goods, and giving the wealthy big tax breaks. Read more. 

New Jersey Policy Perspective: Course Correction: Preserving Senior Housing Affordability While Cutting Costs

June 18, 2025

Renters also have significantly less wealth than their home-owning peers, and nearly 1 in 4 senior renters in New Jersey report it is “very likely” they will lose their home to eviction. Read more.

Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.