Informing the debate on tax policy nationwide with research and data-driven solutions.
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$32 billion in OBBBA tax savings will go offshore to foreign shareholders in 2026.
itep.org/trump-republican-po…
Higher costs have more than offset OBBBA's tax cuts for most income groups, except the richest 1%.
As the cost of living remains a top concern for Americans, these policies have left them worse off.
itep.org/trump-republican-po…
ITEP retweeted
Wealth inequality isn't inevitable. It's the result of policy choices, and Washington is still making it worse.
As @Salon reports, new @iteptweets analysis finds Trump's policies have raised costs for everyone except the richest 1%.
salon.com/2026/10/25/us-ineq…
Our detailed analysis of annual financial reports for corporations in every sector of the U.S. economy paints a picture of a corporate tax system that is now more loophole than law.
itep.org/corporate-tax-avoid…
ITEP retweeted
NEW: U.S. corporations are paying the lowest tax rate seen in decades.
706 major corporations collectively paid a federal income tax rate of just 10.4%, less than half the statutory rate.
114 corporations paid zero.
itep.org/corporate-tax-avoid…
NEW: U.S. corporations are paying the lowest tax rate seen in decades.
706 major corporations collectively paid a federal income tax rate of just 10.4%, less than half the statutory rate.
114 corporations paid zero.
itep.org/corporate-tax-avoid…
Americans are right to be outraged about corporations paying too little in taxes.
Corporate tax revenue dropped by roughly $70 billion over the past year while corporate profits soared.
Trump's 2025 tax cuts for the rich have fueled that.
nytimes.com/2026/10/17/busin…
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…