Contact: [email protected] Last night the Washington legislature took a huge step toward making that state’s tax system fairer by passing a personal income tax on earnings over $1 million. This comes as many states are looking to raise revenue, particularly from people at the top of the income scale who just received massive federal tax […]

The Child Tax Credit (CTC) boost in the One Big Beautiful Bill Act (OBBBA) leaves millions of families behind while disproportionately helping higher-income households rather than those most in need. There are better alternatives.   Contact: [email protected] Last year, lawmakers slightly increased the Child Tax Credit as part of the so-called “One Big Beautiful Bill […]

Cheniere Energy's latest annual financial report shows the company reaped a cool $380 million in tax cuts from a single regulatory change made by the Trump administration last fall.

Contact: Jon Whiten ([email protected]) Taxing the proceeds generated by wealth – such as capital gains, dividends, and passive business income – through a new Wealth Proceeds Tax is a simple way for states to raise billions in new revenue and improve the fairness of their tax systems, according to a new report by the Institute […]

Contact: Jon Whiten (ITEP) [email protected] A new analysis from the Institute on Taxation and Economic Policy (ITEP) reveals that five states—Kansas, Mississippi, Missouri, Ohio, and Oklahoma—enacted the most significant income tax cuts for millionaires in 2025, collectively reducing state revenues by more than $800 million in 2026 and an estimated $2.2 billion a year once […]

Looking to understand how state and local tax systems work – and how they affect economic and racial inequality? The new ITEP Guide to State & Local Taxes breaks down key concepts like the difference between flat and graduated income tax rates, the kinds of taxes local governments can levy, and much more. The guide […]

Contact: Jon Whiten ([email protected]) Child Tax Credits have been the focus of increased lawmaker attention over the past few years, especially following the dramatic success of the 2021 federal CTC expansion in reducing child poverty and the subsequent resurgence of pre-pandemic child poverty levels. While 15 states now supplement the federal credit with their own […]

Sarah C. G. Christopherson is a senior advisor to progressive nonprofits who has two decades of experience working for and with Congress and the Executive Branch to achieve progressive victories across a host of issues. She specializes in tax, budget, and health policy. Her past roles include legislative and policy director for Americans for Tax […]

A pair of new briefs from the Institute on Taxation and Economic Policy (ITEP) illustrate the growing power of state Earned Income Tax Credits (EITCs) and Child Tax Credits (CTCs). In all, we find: Nearly two-thirds of states (31 plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit (EITC). These […]