The Institute on Taxation and Economic Policy
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State Rundown 3/12: Washington Lawmakers Pass Millionaires’ Tax, Expand Working Families Tax Credit
March 12, 2026 • By ITEP Staff
Washington is on its way to making history after the legislature approved the “millionaires’ tax,” a 9.9 percent tax on income over $1 million. The bill, which is expected to raise more than $3 billion a year, making significant investments in public education and childcare, will also expand the Working…
Analysis of Sen. Chris Van Hollen’s Approach to Tax Policy
March 12, 2026 • By Steve Wamhoff
Sen. Chris Van Hollen has recently introduced the Working Americans’ Tax Cut Act, which offers a generous middle-class tax cut paid for with a new tax on millionaires.
Washington Millionaires’ Tax, Expanded Working Families Tax Credit Make Tax Code Fairer
March 12, 2026 • By Marco Guzman, Dylan Grundman O'Neill
The Washington legislature has approved a new "millionaires' tax," a 9.9 percent tax on income over $1 million. The bill, which makes significant investments in public education and child care, will also expand the Working Families Tax Credit – the state’s EITC – to reach an additional 460,000 households.
The Child Tax Credit Leaves Out Millions of Children in 2026. There Are Better Alternatives.
March 10, 2026 • By Joe Hughes
The 2025 Trump tax law slightly increased the Child Tax Credit in a way that benefits virtually none of the children who most need help.
Governor Should Put New Mexico’s Tax Interests First
March 6, 2026 • By Amy Hanauer, Amber Wallin
By decoupling from three misguided federal corporate income tax cuts under the One Big Beautiful Bill, plus taking steps to curb unfair corporate tax avoidance, SB 151 would raise and safeguard more than $120 million annually.
ITEP in the News
The 74: States Want To Help Families. The Child Tax Credit Might Be Their Answer
Springfield News-Leader: Property Tax Caps on April Ballot in Several Counties Worry Districts
MarketPlace: Trump’s Tax Breaks for Big Corporations
Barron's: Trump Says His Tariffs Could Replace Income Taxes. Here’s What Tax Experts Say.
NPR: Tariffs Cost American Shoppers. They’re Unlikely To Get That Money Back
ITEP Work in Action
Sen. Warren Probes Meta, Microsoft, Target, Companies on Mass Layoffs Despite Strong Financials and Trump Tax Handouts
ITEP Data Cited in The Working Americans' Tax Cut
Maine Center for Economic Policy: 6 Ways President Trump Is Shaping Maine’s Economy in His First Year
Testimony: ITEP's Marco Guzman Outlines Positive Tax Reform Proposals for Colorado Lawmakers
Testimony: ITEP's Brakeyshia Samms on Why Evanston Should Adopt a Property Tax Circuit Breaker
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 3/12: Washington Lawmakers Pass Millionaires’ Tax, Expand Working Families Tax Credit
Washington is on its way to making history after the legislature approved the “millionaires’ tax,” a 9.9 percent tax on income over $1 million. The…
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
Washington Millionaires’ Tax, Expanded Working Families Tax Credit Make Tax Code Fairer
March 12, 2026 • By Dylan Grundman O'Neill, Marco Guzman
State Tax Watch 2026
March 9, 2026 • By ITEP Staff
Governor Should Put New Mexico's Tax Interests First
March 6, 2026 • By Amber Wallin, Amy Hanauer
Pioneer Institute Criticizes ITEP For Not Writing the Paper They Would Have Written
February 25, 2026 • By Eli Byerly-Duke
