As Microsoft continues to lay off thousands of workers, the company just reported a record $101 billion in US income, $18.7 billion in federal tax breaks, and a federal income tax rate of just 2.44%. itep.org/microsoft-ea...

34 states now have their own Child Tax Credit or EITC. This year, Rhode Island became the 16th state with a Child Tax Credit. Several other states also expanded or strengthened their credits. These investments came from preserving or generating new revenue.

DACA recipients have long paid income taxes under the same rules as other taxpayers. But the Treasury Department wants to change that by hacking away at the tax credits they can claim. Affected families stand to take a hit totaling 12% of their average annual income.

The Treasury wants to bar more lawfully present immigrants from tax breaks that support working families and reduce poverty. As many as 30 states are at risk of seeing their tax credits weakened unless lawmakers opt out of these proposed restrictions.

Trump’s tax cuts added $4.6 trillion to the national debt and mostly went to the richest Americans and huge corporations. Future generations will pay for it, as servicing this debt will eat away at other priorities and public services.

Jeff Bezos is wrong about taxes.

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.

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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.org.

At least 88 corporations paid $0 federal income tax for 2025. #TaxDay

Almost a decade ago, Trump slashed the corporate income tax rate by nearly a third. But corporations are paying far below that 21% rate thanks to enormous tax breaks and loopholes. That's how these four big tech companies paid a collective tax rate of just 4.9% last year.

The Iran war has sent gas prices soaring. If these price increases continue, American drivers could pay an additional $9.4 billion per month for gasoline. The South has been hit hardest and is on pace to pay $4.2 billion more per month — nearly half of the nationwide cost.

The income restrictions under the Child Tax Credit still favor wealthier families. While a small number of children are ineligible for the full credit because their families earn too much, far more children are ineligible because their families earn too little.

Corporate tax avoidance is already over $79 billion for 2025 as filings continue to come in. Dozens of huge corporations have already disclosed paying single-digit federal income tax rates thanks to OBBBA. And now Trump wants more tax cuts for them.

Ahead of tonight’s State of the Union, we’re looking at the impact of President Trump’s tax policies one year into his second administration. The bottom line is that all but the richest Americans are paying more in taxes this year.

The Trump administration has given plenty of gifts to giant corporations. #TaxValentines

You are paying more in taxes than Tesla.

How will your taxes change this year? Most low- and middle-income households will either see little change or actually pay more, especially when accounting for tariffs. The richest 1% of Americans alone will receive more in net tax cuts than the bottom 80% of Americans combined.

Some states are losing well over $100 million per year just to give tax breaks to data centers.

No tax on tips or overtime does little to actually help workers.

The new tax law President Trump signed earlier this year will send the richest 1% of households about $1 trillion in tax cuts over the next decade. For comparison, the bill’s cuts to Medicaid will total $930 billion over the same period. itep.org/2025-the-yea...

Florida lawmakers are exploring ways to eliminate property taxes. Here's why it's a bad idea.

Here's another example of how Trump's tariffs raise prices for American consumers. During their 4Q earnings call, John Deere corporate executives admitted that: - Their tariffs hit will double next year - They'll make it up with price increases.

Trump's tax law pushes 529 college savings accounts further into subsidizing private schools and cutting taxes for wealthy parents. States can forgo a costly, inefficient subsidy for private schools by steering the use of these accounts back toward their original purpose.

Wealth inequality gets worse when working households pay more in taxes than wealthy owners. States have a simple way to address this problem and raise much-needed revenue. It's well past time for a Wealth Proceeds Tax.

The government gives tax breaks to the wealthy for buying private jets. But health care tax credits that support millions of middle- and low-income Americans get cut. Yet another example that shows we have two tax codes, one for the rich and one for everyone else.

Most people agree that progressive tax codes — where the wealthy pay a higher tax rate than low- and middle-income families — are fair. But most of our state & local tax systems are regressive, leading to widening inequality and underfunded public services.

As states figure out which federal tax changes are worth keeping, here's one that isn't. This tax break gives virtually all its benefits to millionaire and billionaire venture capitalists. Keeping it would cost $1.2 billion in yearly revenue across 38 states.

The tax cuts Trump signed earlier this year barely reach the bottom 40% of Americans. Any tax cuts they might see will be negated by tariffs that ask more from lower-income Americans.