The Institute on Taxation and Economic Policy
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Despite a Supreme Court Victory for Middle-Class Americans, Trump’s Disastrous Tariff Policies Are Not Over
February 20, 2026 • By Steve Wamhoff
Today the Supreme Court made the right decision in striking down most of the tariffs President Trump has put into motion during his second term, reasoning that the power to impose tariffs, like the power to impose other types of taxes, is granted to Congress under the Constitution and not…
Live Nation Entertainment Says Trump Tax Law Drove its 2025 Federal Income Tax Bill to Zero
February 20, 2026 • By Matthew Gardner
The company paid zero federal income tax in 2025 despite reporting $145 million of U.S. profits.
Trump Administration Provides Biggest Illegal Tax Cuts Yet for Billion-Dollar Corporations
February 20, 2026 • By Amy Hanauer
The Treasury Department is unilaterally cutting corporate taxes with regulations that ignore the statute they claim to implement, disregarding the separation of powers between the branches of government that has defined how America works for more than two centuries.
Property Tax Reforms Can Bring Racial Justice
February 19, 2026 • By Brakeyshia Samms
Homes in Black neighborhoods are more likely to be over-assessed for tax purposes while being undervalued by private appraisers.
It’s Time for States to Jettison Nonsensical FDDEI Deductions
February 19, 2026 • By Carl Davis
States often link their tax laws to the federal code in significant ways. Many of these links are justified and can simplify tax administration for both taxpayers and state officials. But in other cases, something can get lost in translation, and states end up copying federal provisions that just don’t…
ITEP in the News
Audio: ITEP's Kamolika Das on the Need for States to Raise Revenue in the Wake of 2025 Trump Tax Law
Business Insider: Mamdani Says if the State Won’t Tax the Wealthiest New Yorkers, He’d Have To Tax the Middle Class as a ‘Last Resort’
KCUR: Eliminating Missouri’s Income Tax Could Actually Cost You More — Unless You’re Rich
Thomson Reuters: OBBB Put Pressure on States to Raise Revenues, Analysts Say
The Hill: Want ‘Affordability?’ Start by Retooling Your State’s Regressive Tax System.
ITEP Work in Action
Policy Matters Ohio: The Great Ohio Tax Shift, 2026
Massachusetts Budget & Policy Center: Testimony Regarding an Act To Manage Federal Tax Changes in Massachusetts
Economic Policy Institute: Everything You Need To Know About “No Tax on Overtime”
The Cascadia Advocate: Five More Claims Against the Million-Dollar Earners’ Tax That Don’t Check Out: Debunking Republicans’ Opposition to SB 6346
Mackinac Center: Lawmakers Should Reject Sales Tax Holidays
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
State Rundown 2/19: Necktie (NCTI) Offers a Way Out of a Knotty Situation
State lawmakers are grappling with a range of challenges as their fiscal outlooks deteriorate, federal tax enforcement wanes (after the Trump administration cut the IRS…
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
Property Tax Reforms Can Bring Racial Justice
February 19, 2026 • By Brakeyshia Samms
It’s Time for States to Jettison Nonsensical FDDEI Deductions
February 19, 2026 • By Carl Davis
Michigan Ballot Proposal Would Boost Public Education While Creating a Fairer Tax System
February 17, 2026 • By Matthew Gardner, Miles Trinidad
NCTI is an Important Part of the Federal Corporate Tax. States Should Adopt It Too.
February 12, 2026 • By Carl Davis
