The Institute on Taxation and Economic Policy
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How Federal Tax Policy Can Address AI
August 10, 2026 • By Steve Wamhoff, Joe Hughes, Erika Frankel
Congress could use its taxing power to ensure a fairer distribution of the fruits of labor, innovation and investment, address the specific harms (the negative externalities) of AI specifically, and acquire a public stake in the companies that are driving the AI revolution.
New Yorkers, Please Pay Your City Income Taxes: Why the Pied-à-Terre Tax Rollout Is Not Worth a Meltdown
August 7, 2026 • By Rita Jefferson
The news coverage of the second home tax has been disconnected from the real living conditions for the millions of New Yorkers who don’t own a second (or third, or fourth) home.
Which States Have Sales Tax Holidays in 2026?
August 6, 2026 • By ITEP Staff
Twenty states have sales tax holidays on the books in 2026, two more than last year. The combined annual cost to state and local budgets this year is estimated to be around $600 million.
IRS Cuts Could Cruise on Autopilot; New Bill Aims to Restore Funding to Help Taxpayers and Fight Tax Cheats
August 6, 2026 • By Sarah C. G. Christopherson
This fall, Congress could allow billions of dollars in IRS funding to disappear on autopilot. However, the Stop CHEATERS Act would restore the multi-year mandatory funding rescinded from the IRA and account for recent cuts to the IRS’s base budget.
Missouri Voters Reject Amendment 5 and a Damaging Tax Shift onto Working Families
August 4, 2026 • By Eli Byerly-Duke, Jon Whiten
Yesterday Missouri voters rejected Amendment 5, declining to give lawmakers a blank check to raise or expand sales taxes, something some lawmakers sought to enable enormous income tax cuts for the state’s wealthiest households.
ITEP in the News
St. Louis Post-Dispatch: After Missouri Voters Reject Income Tax Plan, Governor Says He'll Still Work to Cut Taxes
Daily Press: Editorial: Tax-free weekends are bad policy but don’t tell Virginians
Nevada Current: Lombardo says he’s powerless to address affordability
Bloomberg News: Microsoft's US Taxes Drop, Revenue Jumps After Trump Cuts
Bloomberg Tax: Weaker Minimum Book Tax Rules Save Meta, Qualcomm Billions
ITEP Work in Action
Center for American Progress: Americans Pay the Price for Trump’s War While Oil and Gas Companies Get Rich
Idaho Center for Fiscal Policy: How the One Big Beautiful Bill’s Tax Changes Impact Idaho Families
Economic Opportunity Institute: What the Millionaires Tax would mean for Washington
Senator Elizabeth Warren: Warren, King Seek Data on Tax Break for Ultra-Wealthy Expanded by Republicans in One Big Beautiful Bill
Senator Chris Van Hollen: Van Hollen, Pettersen Lead Lawmakers in Introducing Legislation to Bring Transparency to Corporate Abuse of Tax Havens, Job Offshoring
ITEP Videos
Video: Our tax system helped Elon Musk become a trillionaire.
Video: Jimmy Kimmel Cites ITEP’s Corporate Tax Avoidance Work
Video: Taxes on second luxury homes makes sense.
Across the States
Tax Watch
State Tax Watch 2026
ITEP tracks tax discussions in legislatures across the country and uses our unique data capacity to analyze the revenue, distributional, and racial and ethnic impacts of many of these proposals. State Tax Watch offers the latest news and movement from each state.
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Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
Which States Have Sales Tax Holidays in 2026?
Twenty states have sales tax holidays on the books in 2026, two more than last year. The combined annual cost to state and local budgets…
Taxes on Adult-Use Cannabis in Each State
Twenty-three states have legalized the sale of cannabis for general adult use. Every state allowing legal sales applies an excise tax to cannabis based on…
State & Local Tax Policy
New Yorkers, Please Pay Your City Income Taxes: Why the Pied-à-Terre Tax Rollout Is Not Worth a Meltdown
August 7, 2026 • By Rita Jefferson
Missouri Voters Reject Amendment 5 and a Damaging Tax Shift onto Working Families
August 4, 2026 • By Eli Byerly-Duke, Jon Whiten
Congressional Republicans Say D.C. Shouldn’t Be Allowed to Run Its Own Tax System
July 23, 2026 • By Matthew Gardner
Localities Try Vacant Land Taxes, Mansion Taxes and Second Home Taxes, while States Stick to Same-old Tax-cut Strategies
July 21, 2026 • By Rita Jefferson
