As tax season comes to a close, these three localities are using the opportunity to put extra dollars in the pockets of low-income families.

My look at local refundable credits in New York City, Montgomery County MD and San Francisco for @ITEPtweets:

itep.org/three-local-ei…

At today's Patriotic Millionaires summit, Amy Hanauer said there's a clear demand to improve our tax system, and we know some key ways to move progress forward.

📢When billionaires and large corporations exploit offshore tax havens, everyone else foots the bill.

LIVE: Senate Budget Committee examines the immense cost of offshore tax evasion to the federal budget. twitter.com/i/broadcasts/1…

Reported #ChildTaxCredit proposals out of the Senate will make children worse off as compared to the House bill in two ways. Chuck Marr explains. cbpp.org/blog/key-senat…

Should Atlanta consider a “mansion tax” to fund affordable housing?

Great article from Ryan Zickgraf at Atlanta Civic Circle engaging with the new @ITEPtweets analysis of progressive local real estate taxes around the US.
atlantaciviccircle.org/2024/04/04/sho…

America needs to address extreme wealth.

We can tax the wealth of billionaires: itep.org/the-u-s-needs-…

Or tax the income generated from their wealth: itep.org/everything-you…

Either approach could be the key to a better tax system.

This afternoon at 2 pm Amy Hanauer joins Coalition on Human Needs to discuss how to use the tax code to rein in out-of-control inequality and raise revenue to fund the priorities America needs.

You can register for the webinar here: us02web.zoom.us/webinar/regist…

The Inflation Reduction Act reversed decades of funding cuts to the IRS.

And the results were immediate.

The agency improved customer service, rolled out a new free file pilot program, and collected hundreds of millions in unpaid taxes. itep.org/congress-shoul…

'A nationwide tax of 2% on wealth over $30 million could have raised nearly $415 billion if it were in effect in 2022.'

You pay your taxes every year. Why shouldn’t the wealthy?

Well, Republicans are making it easier for the rich to cheat while making it harder for you to get your taxes done, and slower to get your refund. Let me explain.

44 state tax systems worsen income inequality.

When the lowest-income households pay the greatest share of their income in state and local taxes, gaps between the wealthy and everyone else grow larger.

Learn more about your state's ranking here: itep.org/whopays-7th-ed…

President Biden's corporate minimum tax was a welcome first step toward cracking down on corporate tax avoidance.

But other reforms must follow.

Jon Whiten explains here. itep.org/corporate-tax-…

Always listen to Brakeyshia R. Samms (she/her) on tax policy!

How many politicians say they care about kids, when their tax policies are instead raising costs and punishing families?

We need more states to prove their commitment to kids with progressive tax policy!

itep.org/our-taxes-can-…

After getting a significant funding boost from the Inflation Reduction Act, the IRS has proven it can be a competent public resource when it has the tools it needs.

Continued attempts to slash the agency's budget are severely misguided. itep.org/congress-shoul…

Taxing the rich remains popular across party lines.

69% of registered voters in seven swing states said they favor higher taxes on billionaires.

And the poll found the same support for higher income taxes on people who make more than $400,000. bloomberg.com/news/articles/…

President Biden's proposals would raise more than $5 trillion over a decade.

About $1 trillion would go to targeted tax breaks, including expansions of the Child Tax Credit, Earned Income Tax Credit, and health insurance premium tax credits. itep.org/revenue-raisin…

Massachusetts passed a millionaires tax that is now funding education & free school meals.

Minnesota's reforms are supporting universal school meals & paid leave.

Tax policy has a huge role in helping kids succeed, as Brakeyshia R. Samms (she/her) discusses here. itep.org/our-taxes-can-…

The ever-growing estate tax exemption further enriches a tiny share of mega-millionaires as they pass on intergenerational wealth. By continuously expanding it, policymakers are supercharging extreme inequality.

Amy Hanauer & Naomi Walker explain here. itep.org/estate-tax-let…

Proposals to either enact or expand mansion taxes have so far passed into law a remarkable 86% of the times they’ve appeared on local ballots, writes Sam Pizzigati. commondreams.org/opinion/mansio…

'Until this self-reinforcing cycle is broken, we'll have a corporate tax and governance system that works for top executives—and no one else.' newsweek.com/us-companies-p…