The massive tax giveaways to the rich included in the One Big Beautiful Bill Act are completely out of step with what the American people want and need. Fortunately states have plenty of options to move policy back toward the public’s will. www.governing.com/finance/stat...

According to @goodjobsfirst.org, at least 10 states are already losing more than $100 million each in revenue per year from data center tax breaks. That's money that could be going to education, infrastructure, or anything more useful than another data center. itep.org/states-are-o...

Perfect response from Nvidia CEO Jensen Huang on California’s proposed billionaire tax: “I’m perfectly fine with it. It never crossed my mind once.” www.wsj.com/business/nvi...

What’s the matter with Missouri? Explanation below

There are now 935 billionaires in the U.S. with a combined wealth totaling $8.1 trillion. According to @ips-dc.org, the richest 15 billionaires saw their wealth surge to $3.2 trillion at the end of 2025, up 33% from a year ago. Wealth inequality is out of control. ips-dc.org/resource-ric...

Sounds good to us.

Intuit, owner of TurboTax, claimed $328 million in R&D tax breaks over the past 3 years. That’s more than the cost of the IRS’s Direct File program that the Trump admin just shut down. Intuit's market share is larger, profits are up, and Americans are forced to pay more just to file their taxes.

Reminder that the richest 1% of Americans will receive $1 trillion in tax cuts over the next decade, thanks to the tax bill that Trump and Congressional Republicans passed this year. itep.org/top-1-to-rec...

At least 10 states already lose more than $100 million per year in tax revenue to data centers, according to @goodjobsfirst.org. goodjobsfirst.org/cloudy-with-...

A new CBO report finds the Trump administration’s latest corporate tax cuts are already worsening the already-challenging federal budget deficit. Corporate income taxes are $77 billion lower than in the previous year, a 15% drop. itep.org/trump-tax-la...

“Each and every analysis from the nonpartisan Congressional Budget Office continues to show the same result regardless of how you look at it: this bill explodes the debt by trillions of dollars to fund tax breaks for billionaires." thehill.com/homenews/sen...

How will your taxes change next year now that the megabill has been signed into law? People making less than $53,000 could see their taxes increase. The richest 1% alone will benefit more from Trump’s tax plan than the bottom 80% of Americans. itep.org/how-will-tru...

"Just one more tax cut for the rich please bro it'll trickle down this time it's good for the economy"

This is what Congress approved today.

Trump and the Republican Congress literally just took health care and food from struggling families to give a TRILLION dollars to the top 1% over the next decade. They own that now.

I updated this old graph of mine. It shows that, if not for the Bush and Trump tax cuts, debt/GDP would be stable rather than rising forever. I've updated the methodology to first assume an AMT patch at Clinton levels, so I'm only attributing to the Bush tax cuts their portion of the AMT patch.

The tax cuts in the House bill are mostly for the wealthy. 68% of the cuts go to the richest 20%. On top of that, the bill also includes a new way for rich people to avoid taxes by donating to school vouchers and a harsher tax code for immigrants and their families. itep.org/federal-tax-...

In the middle of the night, the House of Representatives pushed through a bill that rips health insurance and food assistance from millions, leaves the poorest households worse off, and sends massive tax cuts to the rich - all while increasing the deficit by trillions. www.npr.org/2025/05/21/n...

If you’re working class, this tax bill has very little for you and quite a lot for people much richer than you. newrepublic.com/article/1952...

America's 19 richest households gained $1 trillion in wealth last year. That increase is greater than Switzerland’s entire economy. The ultra-rich can afford to pay more in taxes.

States that raise taxes on their wealthiest residents don't see hordes of them leave, our director @amyhanauer.bsky.social explains. Instead, they raise money needed to improve their communities. Out of all income groups, the richest 1% pay the smallest share of income on taxes in 41 states.

The Trump administration is trying to gut the IRS at the benefit of the rich and corporations. Their latest move against the agency: Ending a free tax filing program to ensure that the multibillion-dollar tax prep industry can boost its profits. itep.org/trump-admini...

#TaxDay reminder

Congressional Republicans are attempting to make the $4.6 trillion cost of their tax plan disappear with an accounting gimmick. Don’t be fooled. open.substack.com/pub/itep/p/s...

During his speech to Congress this week, Trump failed to mention his goal of giving huge tax cuts to rich people, his goal of giving huge tax cuts to corporations, or how his tariffs will raise most Americans’ taxes. itep.org/trump-addres...

RE Jeff Bezos' planned weekly homages to "free markets": I can't think of another business whose success has so transparently relied on short-circuiting the workings of free markets. From the very beginning, Amazon's competitive advantage was built on tax avoidance. (1/x) www.npr.org/2025/02/26/n...

The budget resolution passed yesterday now tees up a dangerous tax agenda. Congressional Republicans have no way to pay for the massive tax cuts promised by Trump other than to dismantle fundamental parts of the government and increase the federal budget deficit. itep.org/house-budget...

A reminder that this has been the plan all along.

IRS commissioners appointed by Reagan, H.W. Bush, Clinton, W. Bush, Obama, Trump, and Biden agree that Trump is making a huge mistake firing 6,700 IRS workers in the middle of tax season: www.nytimes.com/2025/02/24/o...

The House GOP plan calls cut taxes by $4.5 trillion - partially offset by more than $1 trillion in cuts to Medicaid & SNAP So they wanna do a giant tax cut that disproportionately helps the rich while taking away people's health insurance and food while still adding trillions to the debt.

A day without immigrants would also be a day without hundreds of millions of dollars in tax revenue. Undocumented immigrants paid $96.7 billion in federal, state and local taxes in 2022. thehill.com/homenews/rac...

There are plenty of reasons why we're better off without more tax cuts for the rich. Here's a few of them. itep.org/federal-tax-...

Trump wants to cut the corporate tax rate down to 15%. The benefits will mostly go to foreign investors and the richest 20% of households. Corporate tax breaks worsen income inequality.

In a fundraising letter, Americans for Prosperity just said the quiet part out loud: "We will work to counter the class-warfare argument that tax cuts are for the 'rich.'" Not debunk or disprove. Their goal is to counter. www.theguardian.com/us-news/2025...

Trump is already carving out tariff exemptions for huge corporations like Apple and Tesla. The new trade agenda is to advantage the largest tech firms over small manufacturers.

An unsurprising news day.

Making it more expensive and more difficult to file your taxes is apparently a “day one” priority.

Amazon has bullied federal and state lawmakers into bending tax laws to its advantage. They receive massive subsidies. They avoid billions in taxes. That’s still not enough for one of the richest men in the world. www.commondreams.org/news/jeff-be...

The estate tax is broken. The CEO of NVIDIA is on a pace avoid roughly $8 billion in taxes. Today the estate tax is the weakest it has been in its century-plus history. www.nytimes.com/2024/12/05/b...

OK, here are 3 reasons why Trump's choice for a new IRS Commissioner is... interesting. #1: Since the passage of the 1998 IRS Restructuring Act, IRS Commissioners have been appointed to 5 year terms. The current guy, Danny Werfel, got sworn in last year. His term doesn't end until November 2027.

Nearly $850 million in fees. Americans collectively pay billions to private companies to file their tax returns. For most people, filing a tax return should be simple and free, and no billion-dollar corporation should get a slice of their refund. www.washingtonpost.com/business/202...

America now has 815 billionaires who currently hold a record $6.7 trillion in wealth. The bottom 50% of Americans control $3.7 trillion in wealth. When 815 people control more wealth than half a country’s population, we have a very serious problem.

This is the plan for 2025.

This is literally what you call stealing from the poor to give to the rich.