The Institute on Taxation and Economic Policy
What's New
D.C.’s Fiscal Autonomy is at Stake, District’s Conformity Decisions Should Stand
February 6, 2026 • By Kamolika Das
Federal lawmakers passed a bill along party lines that would force the District of Columbia to override the decision of local elected officials and implement all of the costly and inequitable federal tax cuts passed under the “One Big Beautiful Bill Act” (OBBBA).
Four Big Tech Companies Avoid $51 Billion in Taxes in Wake of One Big Beautiful Bill Act
February 6, 2026 • By Matthew Gardner
Four of the corporations whose CEOs flanked President Trump at his 2025 inauguration ceremony have now disclosed that they collectively received $51 billion in federal tax breaks in 2025, much of that likely from the One Big Beautiful Bill Act (OBBBA).
State Rundown 2/5: Icy Roads Do Not Slow Tax Policy Debates
February 5, 2026 • By ITEP Staff
Despite wintry conditions across much of the country, that hasn’t stopped state lawmakers from debating major tax policy changes.
Meta’s Federal Tax Rate Hits an All-Time Low Due to Breaks Expanded by Trump Tax Law
February 4, 2026 • By Matthew Gardner
The company paid an effective federal income tax rate of just over 3.5% in 2025, the lowest it has recorded since the company went public as Facebook in 2012.
Trust Reform is Needed to Protect States, Especially in the Wake of IRS Enforcement Cuts
February 3, 2026 • By Sarah Austin
Trust use is widespread among the wealthiest households, with reports showing that roughly half of the nation’s wealthiest people rely on trusts for tax avoidance reasons
ITEP in the News
Newsweek: Major Tax Disruption Faces Over 300,000 Taxpayers—’Sabotage’
Associated Press: Trump's $10 Billion Lawsuit Against the IRS Raises Conflict of Interest Concerns
The American Prospect: Tesla's Wile E. Coyote Moment Is Here
Wall Street Journal: Companies Reveal Big Mystery: Where They Pay Taxes and How Much
Washington Post: How to Claim Tax Breaks on Overtime, Tips, and More This Filing Season
ITEP Work in Action
Reason Foundation: A Cigarette Tax Increase Would Undermine Nebraska's Fiscal Stability and Harm Consumers
FACT Coalition: New Transparency Requirements Reveal Low U.S. Taxes, Continued Use of Tax Havens by Major American Corporations
Economic Progress Institute: Hundreds of Millions in Lost Revenue: The Cost of Rhode Island’s Personal Income Tax Changes
Testimony: ITEP's Carl Davis on Federal/State Tax Conformity at Pair of Vermont Committee Hearings
Cato Institute: Immigrants’ Recent Effects on Government Budgets: 1994–2023
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 2/5: Icy Roads Do Not Slow Tax Policy Debates
Despite wintry conditions across much of the country, that hasn’t stopped state lawmakers from debating major tax policy changes.
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
D.C.'s Fiscal Autonomy is at Stake, District's Conformity Decisions Should Stand
February 6, 2026 • By Kamolika Das
Trust Reform is Needed to Protect States, Especially in the Wake of IRS Enforcement Cuts
February 3, 2026 • By Sarah Austin
State Tax Watch 2026
February 2, 2026 • By ITEP Staff
An Anti-Affordability Agenda: Trump’s Advisors Call on States to Raise Taxes on the Working Class and Drastically Cut Taxes for the Rich
January 29, 2026 • By Carl Davis
