The Institute on Taxation and Economic Policy
What's New
How Four Big Pro-Trump Tech Companies Avoided Taxes
March 17, 2026 • By Steve Wamhoff, Matthew Gardner
The leaders of Alphabet, Amazon, Meta, and Tesla publicly supported Trump to ensure the most favorable corporate tax policies possible. And Trump delivered for them, both in his 2017 tax bill and again in 2025 with the so-called “One Big Beautiful Bill Act” (OBBBA).
States Should Be Doing More About Corporate Tax Avoidance. New Mexico’s Tax Conformity Law Shows How.
March 17, 2026 • By Carl Davis
On top of declining to fold large federal business tax cuts into state law, New Mexico also took the monumental step of hardening the state’s corporate tax base against offshore profit shifting.
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.
ITEP in the News
Los Angeles Times: Eliminating a Corporate Tax Break Is Pitched as a Way To Make Up for Federal Healthcare Cuts
The Independent: Inside the Widening Income Tax Rate Gap for Residents in Blue States Compared to Red States
Newsweek: Poorest Americans in 9 States Pay More Because of Trump Tax Breaks—Study
Yahoo Finance: Elizabeth Warren Asks Meta, Amazon, and Others Why They’re Laying Workers off Despite Tax Perks
NBC10: Pennsylvania Among States Trying To Balance Rise in Revenue With Gambling Issues
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.
Get weekly updates by signing up for our State Rundown newsletter.
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
States Should Be Doing More About Corporate Tax Avoidance. New Mexico’s Tax Conformity Law Shows How.
March 17, 2026 • By Carl Davis
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
