ITEP

19.3K posts

ITEP banner
ITEP

ITEP

@iteptweets

Informing the debate on tax policy nationwide with research and data-driven solutions.

Katılım Haziran 2010
549 Takip Edilen9.3K Takipçiler
ITEP
ITEP@iteptweets·
Illinois lawmakers are debating whether to subsidize a new $2 billion stadium for the Bears. If that's not bad enough, the current proposal also creates a massive property tax cut program for wealthy developers that residents will have to pay for. itep.org/the-bears-bill…
English
0
2
1
101
ITEP
ITEP@iteptweets·
Far from impeding economic growth, taxes fund the public services that make a state more attractive to businesses. Investing in schools, roads, and hospitals can be a better approach than tax cuts to help a community prosper. itep.org/do-tax-cuts-fu…
English
0
2
2
204
ITEP
ITEP@iteptweets·
President Trump said he wants to suspend the gas tax. Unfortunately, this is mostly a political move that would likely do little to help drivers across the country.
ITEP tweet media
English
0
0
2
187
ITEP
ITEP@iteptweets·
If America is serious about taxing the rich, Congress needs to focus on policies that can’t be undermined. Here’s how lawmakers can create a more progressive tax system resilient to legal challenges and executive branch interference. itep.org/resilient-corp…
English
0
1
4
139
ITEP
ITEP@iteptweets·
Suspending the gas tax will not meaningfully help with soaring prices. This move is mostly for show, and it would lead to major revenue loss that would need to be offset elsewhere in the budget. fortune.com/2026/05/11/how…
English
0
1
2
143
ITEP
ITEP@iteptweets·
States have long exempted advertising from sales taxes despite the social and economic impacts of this exemption becoming increasingly clear. If every state applied a sales tax on advertising, it could raise up to $27 billion a year. itep.org/advertising-sa…
English
0
1
1
136
ITEP
ITEP@iteptweets·
The Washington Post editorial board argues that our tax code does not need to be more progressive because “the rich already pay more than their fair share.” This is grossly misleading for at least two reasons. itep.org/washington-pos…
English
0
2
4
240
ITEP
ITEP@iteptweets·
Meta and Qualcomm reported $13.7 billion in tax breaks as a result of the Trump admin’s recent move to weaken the Corporate Alternative Minimum Tax. This unauthorized regulatory tax giveaway shows who the Trump admin thinks is most deserving of tax cuts. itep.org/meta-qualcomm-…
English
0
0
2
145
ITEP
ITEP@iteptweets·
Missouri voters will get to decide whether they want to swap their income tax for a higher sales tax. Doing so would result in a tax hike on middle-income households to help fund tax cuts for the rich. apnews.com/article/income…
English
0
0
0
162
ITEP
ITEP@iteptweets·
“Roughly 6 in 10 adults now say the feeling that some wealthy people (61%) and corporations (60%) don’t pay their fair share bothers them a lot.” pewresearch.org/short-reads/20…
English
0
0
4
162
ITEP
ITEP@iteptweets·
It's no surprise that taxing the rich is a popular policy. Americans largely agree that wealthy people and corporations don’t pay their fair share, according to @pewresearch.
ITEP tweet media
English
2
3
8
532
ITEP
ITEP@iteptweets·
North Carolina is facing tax cuts so large that even some traditionally anti-tax voices are starting to get nervous. That's because these steep cuts to income, corporate, and property taxes threaten the state's public services. itep.org/north-carolina…
English
0
2
1
159
ITEP
ITEP@iteptweets·
88 corporations paid $0 in federal income tax for 2025. Some of these companies want to distract you with other taxes they paid, but that doesn't change the fact that their $0 federal income tax bill is disclosed right in their own financial reports. itep.org/88-corporation…
English
0
2
3
230
ITEP
ITEP@iteptweets·
States continue to debate whether and how to link their tax codes to Trump's tax law – also known as conformity. But this is not just a technical debate. These decisions have profound impacts on economic and racial equity. itep.org/while-states-d…
English
0
1
1
104
ITEP
ITEP@iteptweets·
Tesla barely paid any federal income tax over the past three years. They’ve managed to do this through a variety of tax avoidance tactics. In addition, using offshore tax havens might have saved Tesla $400 million alone in recent years. reuters.com/legal/transact…
English
3
2
3
335
ITEP
ITEP@iteptweets·
Indexing capital gains for inflation would send yet another massive tax cut to the wealthiest Americans. The richest 1% of households would receive 77% of the tax cut savings. The bottom 60% of households would get virtually nothing. itep.org/tax-cuts-for-t…
English
0
3
1
264
ITEP
ITEP@iteptweets·
Maine and Oregon opted out of a tax break that mainly serves rich tech investors and venture capitalists. The two states will together save nearly $50 million in revenue per year, and Oregon plans to invest its savings toward working families. itep.org/tax-break-for-…
English
0
0
0
136
ITEP
ITEP@iteptweets·
Maine passed a millionaires' tax, making the state's tax system fairer while raising revenue to support families, workers, and students. How much revenue will it raise? Nearly $100 million next year. itep.org/maine-passes-m…
English
0
0
0
170
ITEP
ITEP@iteptweets·
At least 88 of the largest corporations in America paid no federal corporate income taxes for 2025. More than a dozen of these companies used a tax break for executive stock options to sharply reduce their tax bills. itep.org/88-profitable-…
English
0
3
0
302