Institute on Taxation and Economic Policy

Institute on Taxation and Economic Policy We provide regular commentary on federal and state tax policy.

08/13/2026

Microsoft barely paid any federal income tax last year.

Congress has spent years making it easier for these companies to keep a larger share of their profits in the first place...
08/11/2026

Congress has spent years making it easier for these companies to keep a larger share of their profits in the first place.

08/06/2026

These airlines avoided almost all federal income taxes in 2025.

08/05/2026

Missouri voters overwhelmingly rejected a ballot measure that would have allowed lawmakers to expand sales taxes to pay for the elimination of income taxes. There's a massive gap between the policies lawmakers push and what voters actually want.

More states want higher taxes for average households and low taxes for the rich.
08/04/2026

More states want higher taxes for average households and low taxes for the rich.

07/29/2026

Microsoft just released its FY26 corporate disclosure:
▶️ Record $101 billion in US income
▶️ 2.44% federal tax rate
▶️ $18.7 billion in federal tax breaks

Airlines made huge profits in 2025 but paid barely anything in taxes.
07/28/2026

Airlines made huge profits in 2025 but paid barely anything in taxes.

07/22/2026

The Massachusetts millionaire tax has generated more than $8.6 billion since going into effect in January 2023.
In that same time, the number of $200,000+ earners leaving the state actually shrank by nearly 10%.

New from Center on Budget and Policy Priorities: SNAP participation is down by more than 4.5 million people since last s...
07/21/2026

New from Center on Budget and Policy Priorities: SNAP participation is down by more than 4.5 million people since last summer.

07/15/2026

The Trump administration wants to restrict tax credits for lawfully present immigrants.

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