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Colorado Lawmakers Propose Filling Trump-Induced Shortfall by Tackling Offshore Corporate Tax Avoidance
August 26, 2025 • By Matthew Gardner
As the Trump megabill blows holes in state budgets, Colorado is leading with reforms to curb offshore tax avoidance and roll back wasteful corporate subsidies.
As federal data systems erode, the U.S. risks losing the impartial information needed for sound policymaking and public trust.
The Trump Megabill Hands the Rich a Gift — and Sends the Bill to Young Americans
August 21, 2025 • By Angie Sumo
Trump's megabill directs most benefits to the wealthy, while leaving younger generations with higher taxes, more debt, and fewer opportunities. For Millennials and Gen Z, it means reduced public investment and an economy less likely to work in their favor.
SALT in the Wound: New Tax Law’s Limit on State Tax Deductions Exempts Some of the Very Wealthiest
August 21, 2025 • By Matthew Gardner
The new tax law enacted last month found a temporary compromise on the level of the cap, boosting it to $40,000 through 2029, but failed to fix a loophole that allows some rich taxpayers with good accountants to completely avoid the cap
State Rundown 8/20: States to Face Serious Conformity, Revenue Issues as Summer Ends
August 20, 2025 • By ITEP Staff
While tax news has slowed as summer comes to an end, there are rumblings beneath the surface that could be an inauspicious sign of the times ahead for states and state budgets.
Trump Administration’s English-Only IRS Would Undermine Public Trust and Boost Budget Deficits
August 19, 2025 • By Matthew Gardner
The Trump administration’s push to make English the official U.S. language threatens decades of progress in taxpayer services for non-English speakers, risking cuts to IRS multilingual support, harder tax filing, lower compliance, and an undermined agency mission.
Trump’s Tax Law Clobbers State Budgets. Now’s the Time to Prepare.
August 13, 2025 • By Amy Hanauer
The Trump megabill hands the richest 1% a trillion-dollar windfall while gutting funding for health care, education, and disaster relief — leaving communities to pick up the pieces. State and local leaders must step up, tax the wealthiest fairly, and safeguard the essentials that keep America healthy, educated, and safe.
Mississippi’s Path to Income Tax Elimination Hinders Racial and Economic Equity
August 7, 2025 • By Vanessa Woods
Mississippi policymakers this year took a big step to worsen the state’s racial income and wealth divides by passing a radical plan to eventually eliminate the state’s income tax.
How Maryland’s Tax Reforms Advance Racial and Economic Equity
August 7, 2025 • By Vanessa Woods
Maryland is taking aim at income and racial disparities through a revised personal income tax. By raising taxes on high earners and cutting them for most households across racial and ethnic lines, the state is proving that progressive tax policy can drive both equity and revenue.
Trump’s Firing of BLS Commissioner is Part of Larger Erosion of Federal Data Infrastructure
August 7, 2025 • By Emma Sifre
Last week, President Trump fired the Commissioner of the Bureau of Labor Statistics in apparent retaliation for weak jobs numbers. The move drew sharp criticism for spooking investors and weakening trust in official data. But it also reflects a deeper problem: the ongoing erosion of the federal data infrastructure.
As states prepare for the revenue loss and disruption resulting from the federal tax bill, tax policy is being considered in legislatures across the country.
The Child Tax Credit (CTC) is an important tool to fight child poverty and help families make ends meet. When designed well, it can also make tax systems less regressive. As of 2020, only six states had CTCs. Today, 15 states have CTCs, with many credits exceeding $1,000 per qualifying child.
Excessive CEO Pay Makes Inequality Worse. Shareholders and the Public Deserve to Know About Compensation Disparities
July 30, 2025 • By Matthew Gardner
Huge executive pay packages are a prime driver of income inequality. Shareholders and the public deserve to know about how CEOs are compensated, but new SEC leadership seems to think otherwise.
State Tax Action in 2025: Amid Uncertainty, Tax Cuts and New Revenue
July 28, 2025 • By Aidan Davis, Neva Butkus, Marco Guzman
Federal policy choices on tariffs, taxes, and spending cuts will be deeply felt by all states, which will have less money available to fund key priorities. This year some states raised revenue to ensure that their coffers were well-funded, some proceeded with warranted caution, and many others passed large regressive tax cuts that pile on to the massive tax cuts the wealthiest just received under the federal megabill.
Refundable tax credits were a big part of state tax policy conversations this year. In 2025, nine states improved or created Child Tax Credits or Earned Income Tax Credits.
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