ITEP

Informing the debate on tax policy nationwide with research and data-driven solutions.

[Zorka Milin @ZorkaMilin]

"Exxon and Chevron pay more in taxes abroad than they pay in the U.S., as detailed in a report by @factcoalition.... The new reporting requirements are particularly relevant now, as the gas and oil industry’s tax avoidance continues while Americans face rising costs at the pump."

[ITEP @iteptweets]

Oil and gas companies pay more in taxes abroad than they pay in the U.S thanks to excessive tax breaks and subsidies.

But as Americans face higher fuel prices, even more handouts to this industry will not lower prices.
https://t.co/NeaqZMk0Yq

[ITEP @iteptweets]

New York City's tax on luxury second homes (also known as a pied-à-terre tax) makes sense when its full-time residents struggle with housing costs.

States and localities across the nation have already adopted this kind of tax for similar reasons.
https://t.co/DH5b8FkU5d

[ITEP @iteptweets]

https://t.co/3TAqFtOaR3

[ITEP @iteptweets]

Washington and Maine passed new taxes on millionaires this year.

Montana, New Jersey, Rhode Island, & D.C. all approved higher taxes on wealthy homeowners in recent years.

With wealth inequality growing, it's no surprise that more states are looking at taxing the rich.

[ITEP @iteptweets]

https://t.co/h0WKzyeVY5

[ITEP @iteptweets]

The Massachusetts millionaires’ tax has generated more than $3.1 billion in revenue for the current fiscal year.

That’s a 20% increase from last year.

Billions of dollars from the wealthiest residents continue to support schools, roads, bridges, and public transportation.

[ITEP @iteptweets]

Jeff Bezos shouldn't complain about 'corporate welfare' since his company was among the biggest beneficiaries last year.

Roughly 10% of all the $180 billion in federal income tax subsidies for all publicly traded corporations in 2025 went to Amazon.
https://t.co/HEAUNKewsg

[ITEP @iteptweets]

Our Federal Policy Director Steve Wamhoff explains Trump's settlement with the IRS:

“Trump and his officials view themselves as untethered from the tax laws that apply to normal Americans.”
https://t.co/euj1nTOfRj

[ITEP @iteptweets]

Throughout Memorial Day weekend, Americans will spend an extra $3.5 billion for motor fuel (gas and diesel) because of the Iran war.
https://t.co/D7CiIJ35N2

[ITEP @iteptweets]

Jeff Bezos said “we have way too much corporate welfare, way too much corporate subsidies.”

Last year Amazon received $17.5 billion in tax subsidies.

That’s about 10% of all federal income tax subsidies for publicly traded corporations in 2025. https://t.co/HEAUNKewsg

[ITEP @iteptweets]

“There’s way too much influence in politics from business.” - Jeff Bezos, the executive chairman for Amazon who attended President Trump’s inauguration and oversees a company that avoided nearly $18 billion in federal income tax in 2025.

[More Perfect Union @MorePerfectUS]

Bezos: "We have way too much corporate welfare, way too much corporate subsidies. There's way too much influence in politics from business, in some cases, wealthy people who really focus on that, unions. There's a bunch of people interfering in the political process."

Amazon has received $15 billion in government subsidies since the year 2000 and paid 1.4% in federal taxes for 2025.

[ITEP @iteptweets]

The Iran war has already cost Americans $39 billion in higher gas prices this year — and counting.

You can see the war's impact on your wallet here.
https://t.co/D7CiIJ35N2

[ITEP @iteptweets]

The Iran war has already cost Americans $39 billion in higher gas prices this year — and counting.

You can see the war's impact on your wallet here.
https://t.co/D7CiIJ35N2

[ITEP @iteptweets]

As wealth inequality grows, local governments across the nation should step up to make the wealthy pay their fairer share in taxes.

Local officials have a range of progressive tax policies that can help fund better public services for their communities.
https://t.co/jyacJEBuIV

[Local Progress @LocalProgress]

Imagine if everyone had the healthcare, housing, food, education needed to thrive.

We have enough to make that a reality.

NEW TODAY: a resource from us & @iteptweets on how local electeds can tax the ultrawealthy to fund public goods and vital programs.

https://t.co/FOFM1ERgLY

[ITEP @iteptweets]

Illinois lawmakers are debating whether to subsidize a new $2 billion stadium for the Bears.

If that's not bad enough, the current proposal also creates a massive property tax cut program for wealthy developers that residents will have to pay for. https://t.co/vCxJjFmRf8

[ITEP @iteptweets]

Far from impeding economic growth, taxes fund the public services that make a state more attractive to businesses.

Investing in schools, roads, and hospitals can be a better approach than tax cuts to help a community prosper.
https://t.co/7CQVzZ3NNR

[ITEP @iteptweets]

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.

[ITEP @iteptweets]

If America is serious about taxing the rich, Congress needs to focus on policies that can’t be undermined.

Here’s how lawmakers can create a more progressive tax system resilient to legal challenges and executive branch interference.
https://t.co/NNZzdHTjsm