The Institute on Taxation and Economic Policy
What's New
Cheniere Energy Gets $380 Million Gift from Trump’s Treasury Department
February 26, 2026 • By Matthew Gardner
Cheniere Energy's latest annual financial report shows the company reaped a cool $380 million in tax cuts from a single regulatory change made by the Trump administration last fall.
Nvidia’s Tax Bill Shows It’s Not Just Zero-Tax Corporations That Hurt Our Budget Deficit the Most
February 26, 2026 • By Matthew Gardner
Semiconductor giant Nvidia reported avoiding $6.8 billion in federal income taxes last year. The company did this in a year when it reported greater earnings growth than almost any corporation in history, with U.S. pretax income coming in at an astonishing $123 billion.
State Rundown 2/25: Sausage-Making Season Is Upon Us
February 25, 2026 • By ITEP Staff
National Sausage Month isn’t until October, but now is the time of year when state lawmakers are really diving into their sausage-making processes, as separate legislative houses and oftentimes political parties send competing bills, budgets, and visions back and forth to grind out their differences.
Pioneer Institute Criticizes ITEP For Not Writing the Paper They Would Have Written
February 25, 2026 • By Eli Byerly-Duke
Voters, lawmakers, researchers, and advocates frequently disagree about ideal tax policy. But the facts here speak for themselves.
Yum! Brands’ Recipe for Tax Avoidance: Trump Tax Cuts with a Dash of Malta
February 24, 2026 • By Matthew Gardner
the fast-food multinational that owns KFC, Taco Bell, and Pizza Hut reported this week that it made $1 billion of pretax profits in the U.S. last year—and didn’t pay a dime of federal income taxes on those profits.
ITEP in the News
Barron's: Trump Says His Tariffs Could Replace Income Taxes. Here’s What Tax Experts Say.
NPR: Tariffs Cost American Shoppers. They’re Unlikely To Get That Money Back
St. Louis Magazine: How St. Louis County's Senior Tax Freeze Takes from the Young to Give to the Old
Christian Science Monitor: More Red States Eye the No-Income-Tax Model. Will It Work?
New York Times: Opinion | The Donald Trump 1 Percent Fan Club
ITEP Work in Action
D.C Fiscal Policy Institute: DC Can Raise $121 Million or More with a Simple Tax on Proceeds from Wealth
Governor Newsom Launches New State Investment and Philanthropic Collaboration To Continue Supporting Families Under Federal Assault
Video: ITEP's Brakeyshia Samms Talks About Race and the Tax Code on Colorado Fiscal Institute Podcast
Policy Matters Ohio: The Great Ohio Tax Shift, 2026
Massachusetts Budget & Policy Center: Testimony Regarding an Act To Manage Federal Tax Changes in Massachusetts
Across the States
Tax Watch
State Tax Watch 2026
ITEP tracks tax discussions in legislatures across the country and uses our unique data capacity to analyze the revenue, distributional, and racial and ethnic impacts of many of these proposals. State Tax Watch offers the latest news and movement from each state.
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Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
State Rundown 2/25: Sausage-Making Season Is Upon Us
National Sausage Month isn’t until October, but now is the time of year when state lawmakers are really diving into their sausage-making processes, as separate…
Taxes on Adult-Use Cannabis in Each State
Twenty-three states have legalized the sale of cannabis for general adult use. Every state allowing legal sales applies an excise tax to cannabis based on…
State & Local Tax Policy
Pioneer Institute Criticizes ITEP For Not Writing the Paper They Would Have Written
February 25, 2026 • By Eli Byerly-Duke
Property Tax Reforms Can Bring Racial Justice
February 19, 2026 • By Brakeyshia Samms
It’s Time for States to Jettison Nonsensical FDDEI Deductions
February 19, 2026 • By Carl Davis
Michigan Ballot Proposal Would Boost Public Education While Creating a Fairer Tax System
February 17, 2026 • By Matthew Gardner, Miles Trinidad
