Refundable local EITCs make a meaningful difference for households with low incomes.

Local EITCs in Montgomery County, NYC, and San Francisco together reach around 700,000 households and raise incomes by about $350 million each year. itep.org/local-earned-i…

Hot off the press: A first-ever comprehensive look at earned income tax credits provided by local governments.

We examine 3 credits that raise the incomes of 700,000 low-income working families, with new distributional analysis by income and race.

itep.org/local-earned-i…

'If not for the regressive tax cuts initiated under presidents Bush & Trump, we would have been looking at a stable debt-to-GDP ratio.'

Bobby Kogan looks at America's revenue problem created by these tax cuts — cuts that mainly benefited the wealthy.
msnbc.com/opinion/msnbc-…

Whose profits would decline if taxes became free and painless to file?
Intuit receives millions in federal subsidies while arguing the free IRS Direct File would be too costly. ITEP itep.org/intuit-tax-bre…

First Republican bill out of the newly-able-to-pass-bills-again house is designed to increase tax cheating. Off to a great start. thedailybeast.com/cnns-jake-tapp…

On top of substantially increasing costs, weakening the SALT cap would provide huge tax cuts for the richest taxpayers in 2024 but would have little or no effect on low- and middle-income households. itep.org/weakening-salt…

In our latest State Rundown:

➡️Texas faces a ballot measure that could prohibit wealth taxes
➡️Illinois debates an extension of a school voucher program
➡️The Wisconsin Senate puts forward an income tax cut that Gov. Evers has already vetoed

More here: itep.org/state-rundown-…

In Moore v. US, the Supreme Court could eliminate solutions that would shrink the racial wealth gap.

As Brakeyshia R. Samms (she/her) explains, 'We know the tax code is not race neutral. And we know the potential outcomes of this case are not either.' itep.org/the-moore-case…

Next month, voters from Ohio to Texas will weigh in on everything from wealth taxes to property taxes.

Jon Whiten provides a quick rundown of the major tax initiatives on tap across state and local ballots. itep.org/2023s-state-an…

The SALT cap was a vindictive provision enacted by Republicans 2017 tax law, designed to target Blue states over Red states.

But removing or raising the cap without other changes would overwhelmingly benefit the richest families, not the middle class.

'Given that white households own a disproportionate share of wealth, they also disproportionately benefit from tax breaks for income from wealth, which in turn worsens the wealth divide.'

-Brakeyshia R. Samms (she/her) ITEP on the stakes of Moore v. US
commondreams.org/opinion/suprem…

🧾 With higher-than-expected revenues, red and blue states alike have been cutting incomes taxes, returning billions back to taxpayers.

But some experts worry the moves are short-sighted and will create big problems in the future, Kevin Hardy reports.

stateline.org/2023/10/25/blu…

Only one of these tax filing options checks all the boxes, and it’s the choice a majority of Americans want. Rep. Katie Porter

Recent public disclosures from Intuit show that tax breaks the company claims for doing “research” might be larger than what it would cost the IRS to provide a free online filing tool for millions of taxpayers. itep.org/intuit-tax-bre…