2,367 posts
Yahoo News: Hawaii’s new ‘millionaire tax’ rivals top tax rate among other states
July 13, 2026
Nick Johnson, senior fellow at the Institute on Taxation and Economic Policy, another Washington, D.C.-based nonprofit and nonpartisan tax policy organization, told the Hawaii Tax Review Commission during a June 16 meeting that the state's personal income tax is "quite progressive" given its graduated rate structure and low-income tax credits.
Lexington Herald-Leader: How are gas prices set in KY? From oil to the pump, here’s what to know
July 9, 2026
In the South, rising costs averaged to about an additional $39.42 in monthly expenses on gas, according to data from the Institute on Taxation and Economic Policy.
Stop Greed, Build Green | Climate and Community Institute: AI First: How the Federal Government is Prioritizing AI Over People and Planet
• By ITEP Staff
The recent explosion of artificial intelligence (AI) and the construction of data centers threatens to swallow the US economy and transform society.
2026 Sessions in Review: States Fund Tax Credits by Preserving, Raising Revenue
• By Aidan Davis
In a year of cautious uncertainty around current and ongoing revenues, many state lawmakers strengthened their tax credits for families and children.
America at 250: It’s Time for a Tax Code That Lives Up to Our Ideals
• By Brakeyshia Samms
After 250 years, our leaders must show a commitment to completing the unfinished work of American democracy.
New EU Disclosure Requirements Are Helping Identify Corporate Tax Avoiders
• By Matthew Gardner
Microsoft reports a huge share of its worldwide profit in low-tax Ireland and is achieving this despite having a very small share of its employees there. As other companies make similar disclosures between now and the end of calendar year 2026, investors and the public will likely get a much clearer sense of how much profit corporations are hiding offshore—and how much tax they’re avoiding by doing so.
The Arizona Center for Economic Progress: As America250 Approaches, Arizona’s Story Must Include All of Us
• By ITEP Staff
Under H.R. 1, the federal tax package passed last year, the richest 1% of Arizonans are set to receive an average tax cut of nearly $80,000, according to the Institute on Taxation and Economic Policy. The lowest-income 20% of Arizonans will receive about $10. Read more.
2026 Sessions in Review: States Move to Tax the Rich and Corporations
• By Aidan Davis
This year several states raised income tax rates on high-income people to fund crucial services and make progress toward remedying the regressive tilt of their tax codes.
A Year Later, Many States Have Decided Not to Double Down on Trump’s Tax Cuts
• By Nick Johnson
Nearly one year after the Trump tax law was signed, many of the 42 states with income taxes are declining to incorporate significant parts of the new law into their own tax codes.
Jenell Rosa
• By ITEP Staff
Jenell Rosa is the Operations Manager at ITEP. She supports the organization’s financial administration, operations, and organizational systems. Formerly with Funders for Justice, Jenell has spent her career supporting mission-driven organizations by strengthening their operations, streamlining processes, and helping teams work more effectively. She is passionate about building sustainable systems, fostering collaboration, and enabling organizations […]
Wall Street Journal: Coke Takes on IRS With $20 Billion at Stake
June 22, 2026
Coca-Cola is waging a high-stakes corporate battle with more than $20 billion at stake, and the opponent isn’t Pepsi or even Dr Pepper. It’s the Internal Revenue Service.
Why Corporations Must Pay More
• By Steve Wamhoff, Amy Hanauer
Corporate tax reforms could be more resilient than proposals to tax wealth or unrealized capital gains while achieving the same goal of more adequately taxing the income of billionaires.
The Impact of Proposed New Tax Credit Restrictions for Immigrant Filers: An Analysis of State EITCs
• By Neva Butkus
Immigrants and their families in as many as 30 states are at risk of seeing their state tax credits such as the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) reduced unless state lawmakers act.
Rhode Island Budget Bets on Tax Fairness with Millionaires’ Tax and New Child Tax Credit
• By Miles Trinidad
The spending plan, signed into law by Gov. Dan McKee today, features a new millionaires’ tax, the state’s first permanent child tax credit, expanded eligibility for its Social Security exemption , and strategic decoupling from federal business tax provisions.
The Final Frontier of Tax Avoidance: Elon Musk’s SpaceX Has $1.9 Billion to Gain from Defunding the IRS
• By Matthew Gardner
A year after Elon Musk’s Department of Government Efficiency (DOGE) cut a swath of destruction through vital federal agencies including the Internal Revenue Service, Musk’s apparent antipathy toward the IRS suddenly makes more sense.
Public Citizen: The Current Price of Zero
• By ITEP Staff
The Institute on Taxation and Economic Policy (ITEP) found that at least 88 of the nation’s largest corporations paid zero federal corporate income tax in fiscal year 2025, despite reporting a combined $105 billion in US pretax income.
State Rundown 6/11: Taxing the Rich Heats Up
• By ITEP Staff
As we head into summer, many state legislatures are in the final stretches of their sessions. Rhode Island moved another step closer to joining the ranks of Washington, Maine, and Hawai’i in enacting a new high-income surcharge this year.
Reuters: Hawaii Considers Gasoline Tax Suspension as Pump Prices Soar
June 11, 2026
Hawaii Governor Josh Green said he is considering pausing the state's gasoline tax as pump prices surge three months into the Iran war.
How To Build A Better City Budget
• By Rita Jefferson
As rising costs strain our community and household budgets, Philadelphia Mayor Cherelle Parker’s proposed taxes attempted to patch gaping holes with meager solutions.
Time: Trump Demands Israel and Iran ‘Stop Shooting’ as World Leaders Urge Restraint Amid Renewed Hostilities
June 9, 2026
President Donald Trump said Israel and Iran “must immediately stop shooting” early Monday morning after the two countries launched a series of strikes at one another.
Idaho Center for Fiscal Policy: How Federal and State Tax Cuts Shift Costs onto Idaho Families and Communities
• By ITEP Staff
Since 2018, however, Idaho households have received $4.5 billion in state and federal income tax cuts—an amount that exceeds current state investments in health and education combined.
The Oklahoman: GOP Candidates Say Income Tax Cuts Would End Oklahoma’s Corporate Exodus
June 2, 2026
Several leading candidates in the GOP race for governor are calling to eliminate income taxes as a way to attract and retain businesses in Oklahoma.
The Atlantic: The Gas-Tax Reckoning
May 28, 2026
President Trump supports the gas tax holiday, claiming it will counter rising costs at the pump. Savings from the suspension would likely fail to offset high gas prices for consumers. Read more.
Media Matters For America: Right-Wing Media Go To Bat for New York’s Richest by Pushing a Debunked Myth That Higher Taxes Will Cause Millionaires To Flee
• By ITEP Staff
According to the Institute on Taxation and Economic Policy, “Millionaires are unlikely to move because of taxes. Instead, like most other people, millionaires primarily choose where to live based on community ties, schools, and jobs, and are not likely to uproot their lives based on a marginal tax difference.” Read more.
Washington Center for Equitable Growth: Defining Top Wealth and Income Thresholds for U.S. Tax Policy Design and Analysis
• By ITEP Staff
ITEP cited in a report that outlines wealth and income thresholds to policymakers, explaining why measuring both income and wealth is more difficult than might be expected. Read more.
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