2,364 posts
Maine Center for Economic Policy: How Trump’s “Big Beautiful Bill” Further Enriches the Rich and Immiserates the Poor
• By ITEP Staff
Though some of the details of the OBBBA were altered in the Senate from its original House-passed version, the overall impact remained largely the same: tax cuts for the rich, little change for the middle class, and punishing cuts for the poor.
Which States Expanded Refundable Credits in 2025?
• By Neva Butkus
Refundable tax credits were a big part of state tax policy conversations this year. In 2025, nine states improved or created Child Tax Credits or Earned Income Tax Credits.
The Guardian: CEO Pay Climbs Ahead of Trump Tax Windfall for Wealthy, Says Report
July 24, 2025
“Corporate CEOs are raking in millions, and now they’ll get another kickback from President Trump’s tax cut gift and anti-worker agenda,” said Fred Redmond.
Santa Fe New Mexican: New Mexico’s Tax-Free Holiday Offers Back-to-School Shoppers a Break This Weekend
July 24, 2025
Many observers seem split on whether the state’s annual three-day hiatus on collecting tax on many items provides enough economic benefits to justify its costs.
State Rundown 7/24: States Begin Preparing for Federal Megabill Fallout
• By ITEP Staff
All eyes in statehouses in recent weeks have been on federal budget negotiations, and now that the “megabill” has passed, they are focused in on their own budgets in search of ways to cope with the enormous consequences coming their way. All states will see fewer federal dollars flowing through their coffers, higher needs due […]
Americans Want to Know Which Corporations Aren’t Paying Taxes, but House Republicans Want to Keep this Information Secret
• By Matthew Gardner
The appropriations plan released by House Republicans this weekend threatens to withhold funding for an obscure but vital financial oversight board because that board now requires corporations to disclose basic information about their income tax payments (or lack thereof).
How Will the Trump Megabill Change Americans’ Taxes in 2026?
• By Steve Wamhoff, Michael Ettlinger, Carl Davis, Jon Whiten
The megabill will raise taxes on the poorest 40 percent of Americans, barely cut them for the middle 20 percent, and cut them tremendously for the wealthiest Americans next year.
Boston Globe: Trump’s Attack on In-State Tuition for Dreamers is Bad Law – And Worse Policy
July 22, 2025
The White House continues to revel in its brutal immigration crackdown and to insist that mass raids, deportation without due process, ghastly detention camps, sweeping arrests of people with no criminal record, and expulsion of asylum-seekers and even US citizens are what Americans voted for when they returned President Trump to office. But the public is having serious second thoughts.
Georgia Budget & Policy Institute: Historic Federal Tax Shift Benefits Wealthiest, Grows Deficit and Exacerbates Georgia’s Rural Challenges
• By ITEP Staff
In H.R. 1, the federal reconciliation bill, the federal government shirks its responsibility to Georgians, leaving the state to continue to support Georgians with fewer resources.
Sales Tax Holidays Miss the Mark When it Comes to Effective Sales Tax Reform
• By Miles Trinidad
Sales tax holidays are often marketed as relief for everyday families, but they do little to address the deeper inequities of regressive sales taxes. In 2025, 18 states offer these holidays at a collective cost of $1.3 billion.
PolitiFact: Trump Signs Legislation Introducing Federal Tax Credit for School Choice
July 17, 2025
The new legislation adds a new option for people to support school choice programs, but does not guarantee what Trump describes as "universal school choice."
States Should Move Quickly to Chart Their Own Course on SALT Deductions
• By Dylan Grundman O'Neill, Nick Johnson
While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level. States would be smart to stick with the current cap or, better yet, go even farther and repeal SALT deductions outright. Going along with a higher federal SALT cap would double down on a regressive tax cut that will mostly benefit a small number of relatively wealthy state residents and cost states significant revenue.
Fortune: For the First Time in 50 Years, The U.S. Will Likely Experience Negative Net Migration, Shrinking The U.S. Workforce – And Economic Growth by Extension
July 16, 2025
President Donald Trump’s efforts to deport millions of immigrants could likely result in a hit to the U.S. labor force that would shrink the country’s gross domestic product, new data shows.
Demos: The Reconciliation Bill Is a Brazen Betrayal of Present and Future Generations
• By ITEP Staff
The passage of the inaptly named “One Big Beautiful Bill” is a loss for the country, not just because of immediate cost and economic harm it will cause families but because of the future we’re giving up. Slashing funding for programs that support individual and community well-being in order to cut taxes for the wealthy elite will most directly and immediately harm households with the fewest resources, but ultimately, everyone will lose out on a…
Two in Three Americans Live in States with Variable-Rate Gas Taxes
• By Carl Davis
As inflation and fuel efficiency undercut traditional gas tax revenue, many states are rethinking how they fund transportation. Lawmakers across the country are beginning to modernize outdated gas tax systems to keep pace with rising infrastructure costs and changing driving habits.
Anti-Tax Revolts Backfire: What We’ve Learned from 50 Years of Property Tax Limits
• By Rita Jefferson
Across-the-board property tax cuts create less fair local tax systems in the long run. State legislators and local governments should prioritize the residents who can least afford their property taxes, not the residents and businesses who can.
Joint Center for Political and Economic Studies: Joint Center Launches 2025 Tax Advisory Committee
• By Brakeyshia Samms
Today, the Joint Center for Political and Economic Studies officially launched its 2025 Tax Policy Advisory Committee. This committee will play a critical role in informing the Joint Center’s tax research, helping shape public discourse around tax policy issues affecting Black communities, and contributing to efforts to close the racial wealth divide.
USA Today: Would Mamdani’s ‘Millionaire Tax’ Chase the Rich Out of New York City?
July 14, 2025
Taxing the rich has worked before. In the World War II era, the wealthiest Americans endured a top tax rate above 90% to buoy the economy. But would it work now?
Florida Policy Institute: What Floridians Should Know About the FY 2025-26 Tax Package
• By ITEP Staff
Once again, policymakers are pursuing tax cuts and plan to pay for them with budget cuts. All the while, three-quarters of Florida prisons do not provide A/C; over 2.5 million Floridians are without health coverage; thousands of homebound adults and disabled individuals are stuck on long waitlists for home and community-based care; and the state’s affordable housing crisis continues.
The Bell Policy Center: Colorado’s Rural Communities Will Suffer from the Federal Budget Bill
• By ITEP Staff
It’s been widely acknowledged that the bill’s benefits and burdens will be unequally felt. Yet, within these analyses, impacts on the urban-rural divide are often overlooked. As we detail below, the federal bill is likely to worsen the economic well-being of rural Colorado while providing substantial benefit to affluent suburban and mountain resort communities.
Rolling Stone: Every Dirty Gift Trump’s Big Bill Gives the Fossil Fuel Industry
July 10, 2025
Trump’s “Big Beautiful Bill” provides billions of dollars in giveaways to the fossil fuel industry and its wealthiest executives while taking a machete to our national effort to confront the climate crisis and build healthier, more sustainable, and more just communities.
Washington Post: Conservatives Are Asking Trump for Another Big Tax Cut
July 10, 2025
Fresh off passage of the “One Big Beautiful Bill,” several conservative organizations and Republican lawmakers are preparing to ask President Donald Trump for another major tax cut – this time, potentially without congressional approval.
NC Newsline: NC Lawmakers Urged to Act as Federal Cuts Threaten State Services
July 10, 2025
A coalition of policy experts and wealthy advocates warned North Carolina lawmakers that recent federal budget cuts could devastate state services, urging action to protect health care, food assistance and other public programs.
The American Prospect: Right-Wing State Tax ‘Revolution’ Rolls On
July 10, 2025
Donald Trump and congressional Republicans aren’t the only ones enacting massive tax cuts that heavily favor the wealthy and big business. Republican state legislators backed by corporate-funded advocacy groups have also made significant strides toward flattening or eliminating once-progressive state income taxes in this year’s legislative sessions.
CNN: Here’s Who Will – And Won’t – Qualify for the New Car Loan Interest Deduction
July 9, 2025
President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting.
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