What's New
Trump Megabill Will Give $114 Billion in Tax Cuts to the Top 1% in 2026. How Much In Your State?
June 30, 2025 • By Michael Ettlinger
The predominant feature of the tax and spending bill working its way through Congress is a massive tax cut for the richest 1 percent — a $114 billion benefit to the wealthiest people in the country in 2026 alone.
How Much Do the Top 1% in Each State Get from the Senate Tax Bill?
June 30, 2025 • By Carl Davis
The Senate tax bill under debate right now would bring very large tax cuts to very high-income people. In total, the richest 1 percent would receive $114 billion in tax cuts next year alone. That would amount to nearly $61,000 for each of these affluent households.
With Fiscal Uncertainty Looming, Louisiana Senate Did the Right Thing on Tax Bills
June 27, 2025 • By Neva Butkus
If you find yourself in a hole, stop digging. This is exactly what Louisiana Senators did when they rejected two tax-cut bills that would have created a billion-dollar shortfall in the coming fiscal years.
State Rundown 6/25: The Numbers Don't Lie, State Budget Edition
June 25, 2025 • By ITEP Staff
Many states are reaching their end-of-June budget deadlines, and major tax policy changes look to have big implications as states are forced, per federal policy, to do more with less.
Analysis of Tax Provisions in the Senate Reconciliation Bill: National and State Level Estimates
June 25, 2025 • By Carl Davis, Jessica Vela, Joe Hughes, Steve Wamhoff
Compared to its House counterpart, the Senate bill makes certain tax provisions more generous, including corporate tax breaks that it makes permanent rather than temporary. But the bottom line for both is the same. Both bills give more tax cuts to the richest 1 percent than to the entire bottom…
ITEP in the News
AP News: Ohio Budget Bill With Browns Stadium Funding, LGBTQ+ Restrictions Heads to Gov. Mike DeWine
CNBC: How the Republican Megabill Targets Immigrant Finances
The Wall Street Journal: The Tax Bill Would Deliver a Big Win for Private Schools – and Investors
USA Today: Trump Orders ICE to Expand Efforts in NYC, LA, Chicago: See How Many Immigrants Live in Major Metros
WHYY News: ‘Every dollar counts’: Critics Say Plan to Increase Fees, Taxes and Tolls Will Disproportionately Hurt Poor Delawareans
ITEP Work in Action
CBPP: Missouri Poised to Enact Appalling Giveaway to its Richest Residents
NC Budget & Tax Center: It’s Time for a Millionaire’s Tax in North Carolina
Nebraska Legislature: Poverty Elimination Action Plan
Video: ITEP's Amy Hanauer Discusses 2025 Tax Bill on Power at Work Blogcast
League of Women Voters: What's Happening with Medicaid, Tax Cuts, and Budget Bills?
Across the States
Tax Watch
State Tax Watch 2025
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
State Rundown 6/25: The Numbers Don't Lie, State Budget Edition
Many states are reaching their end-of-June budget deadlines, and major tax policy changes look to have big implications as states are forced, per federal policy,…
Taxes on Adult-Use Cannabis in Each State
Twenty-three states have legalized the sale of cannabis for general adult use, and sales are already underway in 21 of those states. Every state allowing…
State & Local Tax Policy
With Fiscal Uncertainty Looming, Louisiana Senate Did the Right Thing on Tax Bills
June 27, 2025 • By Neva Butkus
Alabama Sunsets its Expensive ‘No Tax on Overtime’ Policy
June 18, 2025 • By Neva Butkus
North Carolina Tax Proposal Prioritizes Millionaires Over Everyone Else
June 11, 2025 • By Dylan Grundman O'Neill, Miles Trinidad
