Institute on Taxation and Economic Policy

Sen. Elizabeth Warren: Letter to Joint Committee on Taxation on Bonus Depreciation

On July 4, 2025, President Trump signed Republicans’ One Big Beautiful Bill Act (OBBBA) into law. In addition to ...
Institute on Taxation and Economic Policy

Leaving Billions on the Table: Trump-Induced Brain Drain Leaves the IRS Struggling to Prevent Corporate Tax Avoidance

The IRS's capacity to prevent big multinational corporations from avoiding income taxes is facing a generational crisis.
Institute on Taxation and Economic Policy

Stateline: Red States Pushed Child Tax Credits This Year, but the Broadest Plans Fizzled

But despite initial optimism from sponsors and child welfare advocates, Republican proposals in Indiana and Ohio did not advance ...
Institute on Taxation and Economic Policy

The Atlantic: The Last Americans Really Paying Taxes

The tax code is becoming more chaotic and less fair.
Institute on Taxation and Economic Policy

The Trump Tax Law’s Effect on State Tax Codes

The Institute on Taxation and Economic Policy (ITEP) is hosting a webinar focused on the ways the new tax law could impact state revenues by changing policies that state lawmakers will soon consider ...
itep

Barron’s: A New Billionaires Income Tax May Not Go Anywhere Right Now. But Democrats See a Winning Issue.

Democratic lawmakers introduced identical bills in the House and Senate to tax billionaires earlier this week, resurrecting a proposal that has failed to become law in the past.