
June 12, 2025
As she and the federal government escalate attacks on immigrants, DC should not overlook the many ways these residents contribute to the communities they live in and the local economy, including through their tax contributions toward DC’s shared resources.
June 12, 2025
In a year that's already been punctuated by the devastating wildfires that will take years to rebuild, an emotionally weary Los Angeles County is back in an unwanted spotlight due to nearly a week of anti-ICE protests that are testing its character.
State legislatures are enjoying a relatively quiet period right now, though it is merely a temporary calm before the storm of the federal tax and budget debate begins raging again.
June 11, 2025
The 2025 Legislature made a number of changes to Montana’s tax system, including an expensive cut to the income tax and restructuring of the property tax system.
June 11, 2025
President Trump undoubtedly stands on strong political ground, backed by most Americans, in cases where he's deporting convicted criminals. Now comes a new test, literally 40 years in the making: How comfortable are Americans with deporting millions of immigrants who paid taxes, built families and committed no crimes after coming here illegally?
June 10, 2025
Governors are uniquely able to advance an economic agenda that reflects the needs of the working class, giving them the opportunity to illustrate a contrast with the Trump administration, whose policies favor billionaires at the expense of working people.
June 10, 2025
Normally, when individuals sell stock, they must pay capital gains taxes on any profit they’ve made. But donors who gift their stock to an SGO wouldn’t have to pay capital gains taxes on any increase in the stock’s value, and they would still get the generous dollar-for-dollar tax credit, yielding a personal profit for themselves.
June 10, 2025
Overall, the budget reconciliation legislation would reduce federal taxes for Georgians by $16.6 billion annually. However, 69% of these savings ($11.5 billion) are directed to the highest-earning 20% of Georgia households, or those making over $153,100 per year.
June 9, 2025
A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are U.S. citizens or legal residents, according to policy experts.
June 9, 2025
Anew budget proposal that would impose new restrictions on the federal Child Tax Credit could eliminate the benefit for millions of U.S. citizens or legally resident children, policy experts have said.
June 6, 2025
Carl Davis, research director at the Institute on Taxation and Economic Policy, says the program is generous – to say the least. “A dollar-for-dollar charitable donation tax credit is unprecedented at the federal level,” he told CNN in an email.
June 6, 2025
“It boggles the mind that the state legislature would just keep kicking the can down the road, and you have a crisis on your hands,” said Rita Jefferson, an analyst with the Institute on Taxation and Economic Policy, a nonprofit that advocates for more equitable tax policies.
June 6, 2025
In this report, the Congressional Budget Office estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023.
June 5, 2025
The Congressional Budget Office published its latest estimate of the Republicans’ One Big Beautiful Bill Act on Wednesday. The results are gruesome.
June 5, 2025 • By ITEP Staff
States use the final hours of their legislative sessions to address deficits and preserve revenue in preparation for the times ahead.
June 5, 2025
The tax code is about more than depreciation, deductions, expenses and the things we focus on when we report our income to the IRS every April. It's about who gets the breaks in this country – and what that says about the priorities and values of those who write our tax laws.
June 5, 2025
A proposal quietly tucked into the House GOP’s reconciliation package, part of what’s being marketed as President Donald Trump’s "Big, Beautiful Bill," would give wealthy individuals and corporations a 100% federal tax credit for donations to private school scholarship funds.
June 5, 2025
A move to individual filing, making the tax code marriage neutral and reducing tax rates on married women who work, would not only simplify the tax code but make it fairer and increase the ability of married women to participate fully in the economy.
June 5, 2025 • By Brakeyshia Samms
Now as more GOP tax cuts for the rich move through Congress, history is poised to repeat itself. The bill would disproportionately benefit the well-off — and harm the financial well-being of millions of working Americans, including Black women like me.
June 4, 2025
On Thursday, May 22nd, the House of Representatives passed its major tax and spending legislation, which included last-minute revisions that made it even more favorable for the wealthy.
June 3, 2025 • By Kamolika Das
Given this environment, local leaders must do what they can to preserve and strengthen progressive revenue tools, advocate for expanded local taxing authorities and flexibility, and push their state leaders to decouple from harmful federal tax changes.
June 3, 2025 • By Dylan Grundman O'Neill, Kamolika Das, Marco Guzman, Miles Trinidad, Neva Butkus
This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid, allowing more generous tax write-offs for businesses, offering new avenues for capital gains tax avoidance to people contributing to private school voucher funds, carving tips and overtime out of the tax base, and re-upping Opportunity Zone tax breaks for wealthy investors.
June 2, 2025
Along with hundreds of millions in potential new costs for Missouri taxpayers, an analysis of the budget bill backed by Congressional Republicans and President Donald Trump shows it would also cut state revenue as tax changes at the federal level are reflected in state returns.
June 2, 2025
How’s that for a fun new federal tax scam to help the super-wealthy? “Donate” $10 million in stock to charity, purchased for $6 million — then get all $10 million back in tax credits and avoid more than $1 million in capital gains taxes. Massive benefits for already rich individuals — you gotta love it.
May 29, 2025
For example, the U.S. tax system mostly functions on voluntary compliance. Unauthorized immigrants contributed nearly $100 billion in local, state, and federal taxes in 2022, the Institute on Taxation and Economic Policy estimates. Concerns that taxpayers’ information could be shared with ICE could lead to a decline in compliance, resulting in reduced tax revenue.