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The Latest Breaking News from ITEP

Amazon and Tesla Among 88 Major US Firms Paying Zero Corporate Income Tax Last Year Despite Billions in Profit

A report by the Institute on Taxation and Economic Policy reveals that 88 major US corporations paid no federal income tax in 2025, despite earning significant profits, due to legal tax code provisions.

International Business Times UK

3 Stocks to Buy That Are Benefitting from Trump's Big Business Tax Breaks

Trump's tax law is cutting billions from corporate tax bills. Meta, Amazon, and Palantir are among the biggest winners. Here's what it means for each stock.

Barchart

Tax-Free Income in 2026? These Changes Could Wipe Out Your Federal Bill

New legislation aims to exempt up to $92,000 in earnings from federal income tax. Here's who would win.

Kiplinger

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The GOP's $4.5 trillion spending bill creates a parallel, harsher tax system for immigrants and their relatives

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while dramatically hiking the fees immigrants must pay to access the asylum system.

Fortune

'Unprecedented' Private School Voucher Tax Credit in Trump's Megabill

The so-called ‘One Big Beautiful Bill’ is now law, and one provision calls for a major tax break for private school donors.

Kiplinger

Experts Warn of Steep Fiscal Consequences If IRS Agrees To Share Immigrants' Personal Data With DHS

The IRS may soon share personal data of undocumented migrants to DHS, a move that could discourage the groups from filing taxes, experts warn.

Latin Times

Trump tax plan helps top 5%, hurts 95%

"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"

Salon

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Generous Guests: Undocumented Immigrants Subsidize Our Healthcare

While barred from most government healthcare programs, undocumented residents pay more in healthcare taxes than the entire cost of their own care.

Texas Observer

‘Perilous for democracy, good for profits’: is big business ready to love Trump again?

Once-critical CEOs have reasons to back a second Trump term, with plans for tax breaks and reduced worker power

The Guardian - US

The Return of Trickle-Down Economics

In Kansas, Mississippi and other states, tax cuts for the wealthy could bring devastating reductions to education, health and other vital programs.

Capital & Main

Trump gave top US firms staggering tax cuts, with some paying $0 or less – report

Among lowest taxpayers were companies whose CEOs have become high-profile advocates for corporate social responsibility

The Guardian - US

How Proposed Child Tax Credit Expansion Could Uplift Latino Families

According to ITEP an expansion to the Child Tax Credit, at least to 2021 levels, could help nearly 60 million children in the U.S.

Latin Times

NIT Calicut launches dual major BSc-BEd programme

NITC launches ITEP BSc-BEd, a dual major degree in Physics, Chemistry and Mathematics. 50 students join the course to pursue a career in teaching. Training by faculty helps students achieve global standards. NEP 2020 & NCTE mandate ITEP to professionalise teacher education. ITEP promotes multidimensional learning in 21st century. Orientation…

The Hindu

Some States Are Fighting Rising Child Poverty With Tax Credits

New Mexico is one of 10 states that have created or expanded child tax credits after Congress let a federal program expire.

Capital & Main

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The Hindu

RIE Mysuru among 11 institutions in south India to offer 4-year Integrated Teacher Education Programme

The National Council of Teacher Education (NCTE), New Delhi has granted recognition to 42 Central and State universities and institutions, including IITs, NITs, RIEs, and IGNOU, for the first phase piloting of Integrated Teacher Education Programme (ITEP) as envisioned in NEP 2020.

The Hindu

NIT Calicut launches 4-year integrated BSc-BEd programme

Kiplinger

What Is the Bonus 'Guaranteed' Standard Deduction?

A proposed Republican tax cut package contains a 'bonus' of up to $4,000 for the current standard deduction. Could it help?

Salon

GOP bill: $24 billion tax cut for top 1%

The average member of the 1 percent would save $16,550 under the plan

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Fortune

More than half of states are considering personal income tax cuts this year

"States’ rainy day funds have never been better stocked."

Salon

GOP wants to impose 30% US sales tax

The bill would also eliminate corporate income taxes and abolish the IRS

Tribune News Service

Newsom says 95% of Texans pay more than Californians in taxes. But is he correct?

Gov. Gavin Newsom recently proclaimed that “95% of Texans pay higher taxes than Californians.”

Salon

"Giveaway to the rich" in omnibus bill

"The retirement changes in the omnibus package overwhelmingly benefit wealthy people," said one advocate

The Independent UK

Texas roasted for paying more in taxes than California: ‘The Joke is On You’

For most outside the top one percent of earners, taxes are lower in California than in Texas

The Guardian - US

Republican senator says tax rises in own plan are ‘Democratic talking points’

Rick Scott of Florida grilled on Fox News Sunday about suggested income tax rise and letting social security and Medicare fall

People

From analysis to the latest developments in health,
read the most diverse news in one place.

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