The tax cuts in the House bill mostly flow to those who have the most. Roughly 68% of the tax cuts go to the richest 20% in the U.S. Some other notable changes would support private school voucher programs, harm immigrant communities, and widen income and racial inequality.
| House Tax Bill Enlists the Wealthy to Spread Private School Vouchers |  |
| Tax Payments by Undocumented Immigrants | |
| State Rundown 6/11: States in The Eye of a Fiscal Hurricane? ITEP Staff, June 2025 |
| North Carolina Tax Proposal Prioritizes Millionaires Over Everyone Else Dylan Grundman O'Neill, June 2025 |
| The 'Big, Beautiful' Bill Creates a $5 Billion Tax Shelter for Private School Donors Amy Hanauer, June 2025 |
| D.C.'s Budget Crisis Demands Fairer Business Tax System Nick Johnson, June 2025 |
| Musk-Trump Feud Shows Need to Tax the Rich Amy Hanauer, June 2025 |
View more of ITEP's Recent Work or browse our publications, including reports, policy briefs, and news releases.
The Geographic Distribution of Extreme Wealth in the U.S.
Excessive concentration of wealth runs counter to our national aspiration for genuine equality of opportunity, and it saps the vitality of our democracy through the consolidation of power and influence. Tax policy offers a powerful means of beginning to address our nation’s stark level of inequality, but current law is clearly falling short of its potential.
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