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Who benefits from the tax cuts in Trump's megabill? More than 70% of these tax cuts will go to the richest 20% of Americans. The richest 1% will receive a total of $117 billion in tax cuts in 2026 alone. See our national and state estimates here: itep.org/federal-tax-de…

“SALT cap or no SALT cap, the mega bill overall is a bonanza for the rich in every state." Even with the SALT cap, the wealthy still receive the biggest tax cuts from this bill, as our Steve Wamhoff explains. washingtonpost.com/business/2025/…

The car loan interest deduction in Trump's tax bill? A mirage. For most buyers, it won't even offset a small price increase from his own tariffs. edition.cnn.com/2025/07/09/bus…

President Trump's megabill will reduce revenue by around $570 billion in 2026 and mainly help the rich. But Congress and Trump could have spent less than half that on a tax bill that does far more for working- and middle-class households. itep.org/there-were-far…

Tax and social policies in the 20th century helped open doors for many working Americans, our director Amy Hanauer explains. But with their megabill, Republicans have retreated from many achievements in ways that will slam doors for the next generation. itep.org/gop-megabill-b…

“They’ve been claiming this for a long time, and there’s just very scant evidence to support it." Our Local Policy Director Kamolika Das debunks the millionaire tax flight myth as more New Yorkers want to tax their rich. usatoday.com/story/money/20…

50 years of property tax limits have done nothing to reduce the cost of housing. Instead, they’ve favored wealthier homeowners and businesses over average Americans while reducing funds for local services. There are better solutions available. itep.org/effects-of-pro…

The White House is touting last month’s Treasury statement showing a budget surplus as a fiscal victory. Are we on track to closing the budget gap? The short answer: not even close. itep.org/june-budget-re…

The megabill gives $117 billion in tax cuts to the wealthiest 1% in 2026. That amount is more than the cost of: - Every MLB team - Tuition, room and board for every college senior - Every wedding in the U.S for an entire year itep.org/10-crazy-compa…

Gas taxes are used in every state to help fund transportation infrastructure. But a traditional fixed rate loses value due to inflation and fuel efficiency. That's why more states are modernizing this tax to keep pace with rising infrastructure costs. itep.org/state-gas-taxe…

18 states currently offer a "sales tax holiday," a brief tax break on select items like firearms or school supplies. Costing nearly $1.3 billion in lost revenue, these tax breaks do little to address the bigger problems with regressive sales taxes. itep.org/sales-tax-holi…

The megabill gives $117 billion in tax cuts to the wealthiest 1% in 2026. If that money had been evenly divided among all Americans, every person would get $343 – or nearly $1,400 for a family of four. Here’s what each state would receive: itep.org/map-family-sta…

When the IRS uses tax data to target immigrants, it makes many taxpaying undocumented immigrants fearful and suspicious of the tax collection agency. That reduces public revenues. propublica.org/article/trump-…

Sales tax holidays don’t fix regressive tax codes, they just offer a short break that anyone can benefit from – especially rich people. Low- and middle-income families deserve real relief, not gimmicks. news.bloombergtax.com/daily-tax-repo…

CBO says Trump's megabill will add $3.4 trillion to the deficit while stripping health care from 10 million people. And for what? Massive tax cuts that will mostly flow to the richest Americans and foreign investors. politico.com/news/2025/07/2…

Single filers can exclude up to $250,000 in capital gains on home sales, and that amount is doubled for married filers. Eliminating the federal capital gains tax on home sales would be another move that primarily benefits wealthier Americans. forbes.com/sites/tylerrou…

Americans want to know which corporations are avoiding taxes. But House Republicans want to make it easier for corporations to lie about their taxes. They're trying to withhold funding for an oversight board until reporting requirements are loosened. itep.org/corporate-tax-…

Tariffs are driving up costs for working families. They function like a consumption tax, with middle- and lower-income households paying more as a share of their income. bloomberg.com/news/articles/…