2,364 posts
Center on Budget and Policy Priorities: States Should Adopt the Wealth Proceeds Tax to Raise New Revenue
• By ITEP Staff
States are facing considerable fiscal pressures from the fallout of recent federal policies, including the harmful Republican megabill enacted in July 2025. Read more.
Georgia Budget & Policy Institute: Overview of Georgia’s Budget for Amended Fiscal Year 2026 and the Full 2027 Fiscal Year
• By ITEP Staff
Between Gov. Brian P. Kemp’s first full fiscal year (FY) budget as governor and his eighth and final budget for FY 2027, state spending has increased by nearly $11 billion to $38.5 billion. Governor Kemp’s AFY 2026 and FY 2027 budget proposals recognize that Georgia can use its historic level of resources to fill long-awaited […]
Show Me Where We’re Going: Missouri’s Fiscally Irresponsible Path Will Be Paid for by Everyday People
• By Logan Liguore
Missouri lawmakers have been pushing regressive and shortsighted tax policies that undermine everyday workers and sabotage the Show-Me State’s ability to raise revenue.
2025: The Year in Tax Policy
• By ITEP Staff
From Congressional discussions over the so-called "One Big Beautiful Bill Act" to debates on property taxes, ITEP kept busy this year analyzing tax proposals and showing Americans across the country how tax decisions affect them.
Indiana Capitol Chronicle: Indiana Lawmakers To Weigh Joining Trump’s Tax Cuts
December 23, 2025
One worry with Indiana adopting all the federal changes is that it would further reduce the state’s tax base, said Neva Butkus, a senior analyst for the nonprofit Institute on Taxation and Economic Policy. That could make the state more dependent on its 7% sales tax — among the highest in the country — that […]
Maine Center for Economic Policy: Tax Conformity Decisions Will Shape Maine’s Future (Part 1: Maine Shouldn’t Fall for Policy Gimmicks)
• By ITEP Staff
Policy gimmicks in HR 1 disguise its true nature as a huge tax giveaway to the ultra-wealthy and big corporations — Maine should not compromise the future well-being of its residents to give tax breaks to the rich. Read more.
Every Texan: Highest Tax Rates in the State Fall on Texans of Color
• By ITEP Staff
The income groups paying the highest tax rates in Texas are disproportionately Hispanic and Black, whereas the lowest-taxed group (the wealthiest 5%) is predominantly white. Read more.
Associated Press: States Faces a Choice on Whether To Embrace Trump’s Tax Cuts on Tips, Overtime and More
December 19, 2025
Lawmakers across the U.S. will be debating whether to adopt new federal tax breaks for tips, overtime and business expenses… “States in general are approaching this skeptically,” said Carl Davis, research director at the nonprofit Institute on Taxation and Economic Policy. Read more.
DC Fiscal Policy Institute: DC Tax Credits for Households with Low Incomes Will Reduce Child Poverty by One-Fifth
• By ITEP Staff
This November, the DC Council significantly increased economic security for approximately 78,000 children and their families through legislation that restores the District’s Child Tax Credit (CTC) and strengthens the DC Earned Income Tax Credit (EITC). Read more.
Kentucky Center for Economic Policy: A State Budget for an Affordable Kentucky: Preview of the 2026–2028 Budget of the Commonwealth
• By ITEP Staff
The Kentucky General Assembly will perform its most important job — crafting a two-year state budget that funds education, health, social services and other critical needs. But unlike recent years, when pandemic-era stimulus created robust revenue growth, lawmakers are now facing a serious budget crunch due to the loss of federal funds, a weakening economy […]
10 Reasons Why the U.S. Should Reform Its Corporate Income Tax
• By Steve Wamhoff
The U.S. needs a tax code that is more progressive and that raises more revenue than the one we have now. An important way to achieve this is to reform the taxation of business profits.
The Milbank Quarterly: The 2021 Child Tax Credit and Children’s Health and Well-Being: Evidence From a National Longitudinal Study
• By ITEP Staff
Evidence suggests the 2021 temporary Child Tax Credit expansion reduced material hardship and improved parental mental health. This expansion was also associated with improvements in child behavioral health. Read more.
Nevada Law Journal: Nothing to Gain: The Disparate Impact of the Capital Gains Tax Preference on Women and Persons of Color
• By ITEP Staff
This article provides a brief history of the capital gains preference, examines statistical income and wealth disparities based on gender and race, and proposes solutions to reduce the negative impact of the capital gains preference that leaves behind women and persons of color. Read more.
Senators and House Members Warn Treasury Against Delivering Retroactive Tax Break to Billionaire Corporations
• By ITEP Staff
Billionaire corporations have engaged in a lobbying blitz with the Treasury to obtain a retroactive R&E carveout from the Corporate Alternative Minimum Tax. Lawmakers are urging the Treasury not to further rig the tax code in favor of billionaire corporations. Read more.
President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.
• By Logan Liguore
Corporations have publicly revealed that they are passing the cost of tariffs on to Americans—the opposite of what the executive branch has said is happening.
The New York Times: Businesses Are Cashing In on Trump’s Tax Cuts
December 12, 2025
“We are giving companies an awful lot of money to do something they were going to do anyway; that’s the issue with most tax incentives,” said Matt Gardner. Read more.
The Texas Tribune: Gov. Greg Abbott Wants a Tighter Lid on Home Values. Tax Policy Experts Warn That’s a Bad Idea
December 11, 2025
Gov. Greg Abbott wants to put a tighter lid on how fast property values can rise in a bid to deliver property tax relief to homeowners and businesses — but tax policy experts across the political spectrum warn the proposal wouldn’t address the root causes of higher tax bills and would backfire with severe consequences. […]
Tax Haven Data Demonstrate Need for Global Minimum Tax Despite Opposition from Trump Administration
• By Steve Wamhoff
American corporations use accounting gimmicks to make profits appear to be earned in tax havens. This widespread problem could be fixed by Congress enacting legislation to implement a minimum tax on corporations that meets the standards of the global minimum tax that other countries have begun to implement.
ProPublica: Wave of Tax Cuts Has Left Many States Vulnerable to Trump SNAP and Medicaid Crisis
December 10, 2025
President Donald Trump’s so-called One Big Beautiful Bill Act will shift billions in costs for SNAP and Medicaid to states. But with 26 having cut or eliminated state income taxes just since 2021, they may not have the money to continue the programs. Read more.
Associated Press: Governor Suggests Hawaii May Scale Back on Income Tax Cuts, Tap Reserves To Help Balance Budget
December 10, 2025
Some critics questioned the structure of the tax cuts from the beginning, citing analysis by the Institute on Taxation and Economic Policy that concluded nearly half of the savings from the income tax cuts would go to the top the top 20% of earners, meaning people who earn more than $147,000 annually. It now appears Green may be taking […]
Linking to Tipped and Overtime Income Deductions Would Worsen State Shortfalls, Do Little to Help Workers
• By Neva Butkus, Galen Hendricks
State deductions for tips and overtime are not only ineffective at supporting working-class people, it will come at a substantial cost to state budgets.
Not-So-Free Kick: How the 2026 FIFA World Cup Will Cost Cities Millions
• By Page Gray
FIFA demanded sales tax breaks on World Cup Tickets. That means millions in lost revenue for host cities already shouldering the costs on providing infrastructure, security and logistics.
Congressional Republicans Ignore Tariffs and Instead Talk Up Their Corporate Tax Cuts
• By Steve Wamhoff
Instead of discussing President Trump's deeply unpopular tariff policies, House Republicans are making misleading and untrue claims about their tax cuts.
CNN: Why Trump Is Speaking Like a Democrat About Obamacare
December 4, 2025
He fought against Obamacare for years, and his “One Big Beautiful Bill” act is expected to cut more than $1 trillion from health care and food stamps. That’s why his support for extending the enhanced subsidies has surprised some political observers. Read more.
The Associated Press: FACT FOCUS: Trump Says Tariffs Can Eventually Replace Federal Income Taxes. Experts Disagree
December 4, 2025
Tariff revenue doesn’t even come close to where it would need to be if federal income taxes were eliminated, and experts say such a plan isn’t at all feasible. Read more.
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