Informing the debate on tax policy nationwide with research and data-driven solutions.
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Washington state upholds its millionaires' tax.
California upholds higher tax rates on the rich.
Colorado approves new higher tax rates on the rich.
These are some of the major victories for tax fairness in a midterm election centered around affordability.
Voters in states across the country passed critical ballot measures that raise and protect revenue for public services and increase tax fairness.
itep.org/voters-pass-ballot-…
The midterm results proved that voters are unhappy with the tax and economic policies of the Trump administration, our Executive Director @amyhanauer explains.
The 114 corporations that paid zero federal income tax in 2025 include well-known names such as Tesla, Walt Disney, CVS, Citigroup, United Airlines, Palantir, DoorDash, and many others.
Here's a closer look at these corporations.
itep.org/114-profitable-corp…
Corporate America is paying the lowest tax rates we've seen in 40 years.
114 corporations paid zero federal income tax in 2025.
Profitable companies received almost $200 billion in tax breaks.
See how we got here:
itep.org/interactive-corpora…
In 2025, just 6 corporations — Alphabet, Microsoft, Amazon, Nvidia, Meta, and J.P. Morgan Chase — received $84 billion in tax subsidies.
That's 42% of the total tax breaks we tracked for 706 profitable companies last year.
itep.org/six-corporations-gr…
$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…
