Better Wyoming: Want to Slow Wyo’s Boom-and-Bust Cycle? Tax Jackson.

January 6, 2023

According to a new report by the Institute on Taxation and Economic Policy (ITEP), Wyoming has several options to generate new tax revenue from our ultra-wealthy residents and decrease the state’s reliance on boom-and-bust fossil fuels—even while keeping taxes low on the middle class. All we need to do is tax Jackson. Read more.

Vox: The Ultrarich are Getting Cozy in America’s Tax Havens at Everyone Else’s Expense

January 4, 2023

More states are slashing or eliminating taxes, lessening the burden mostly for the wealthy. What does that cost the rest of us? Read more.

Los Angeles Times: You’re Not Getting Child Tax Credit Checks Anymore. Here’s Why

January 3, 2023

If you raised children during the pandemic, you probably remember something remarkable: getting checks in the mail, every month, from the federal government. The expanded child tax credit provided a few hundred dollars to help pay for your son’s braces or your daughter’s ballet lessons — or to ease the stress over whether you had […]

The Hill: Trump Tax Returns Raise Alarms About Fairness of US Tax Code

January 3, 2023

A preliminary review of the thousands of pages of Donald Trump’s tax returns released by a key congressional committee on Friday confirms that the former president was using business losses in the tens of millions of dollars to reduce his annual tax liability, in some cases all the way down to zero. Read more.

Albany Times Union: Ending Poverty Will Take a New Look at Wealth, Too

January 2, 2023

We would do well to remember the millions of families in New York that were already experiencing the storms of poverty, inequality and policy violence, not to mention those who have nowhere safe to celebrate the holidays. Read more.

Seattle Times: Proliferation of GoFundMes Reveals a Dirty Little Open Secret

January 2, 2023

This time of year, we find ourselves touched by the generosity, grace and kindness of people helping people. Extending ourselves to others reveals the best of who we are as humans, and that emerges so clearly during the holiday season. Yet as moved as I often am by the ways people show up for each […]

Yahoo Finance: These 23 Companies Got $50 Billion in Tax Breaks Due to a Trump Tax Law

December 24, 2022

The government spending bill that was just passed through the Senate and awaits approval from Congress is estimated to total nearly $1.7 trillion. While it will fund a variety of initiatives like aid to Ukraine and enhanced retirement savings, it will not extend “accelerated depreciation” tax breaks, which were initiated during the Trump administration and seen by […]

Hawaii Public Radio: Report: State could slash child poverty in half with new tax credit

December 20, 2022

The child tax credit has been available at the federal level since 1997. Before 2021, families were able to take advantage of a $2,000 credit per child. Under the American Rescue Plan, the credit was expanded to $3,000 per child between the ages of 6 and 17, and $3,600 for every child under 6 years […]

Pluribus News: States Advance Child Tax Credits as Congress Deliberates

December 15, 2022

Lawmakers in Connecticut, New York and several other states want to expand tax breaks for families with children next year, inspired by a 2021 federal tax credit that dramatically reduced child poverty. Read more.

Mississippi Public Radio: State Child Tax Credit Could Benefit Mississippi

December 3, 2022

Montana Budget & Policy Center: Tax Credits for Workers and Families

November 23, 2022

Montana has an opportunity to invest high state revenues to support families and individuals and improve our tax system. State tax credits targeted to those in most need of assistance help Montanans struggling to afford necessities. By expanding the state Earned Income Tax Credit (EITC), establishing a refundable state Child Tax Credit (CTC), and passing […]

The Lever: Will Biden End An Illegal $50 Billion Tax Giveaway?

November 23, 2022

The IRS is sanctioning state laws allowing rich Americans to bypass the SALT cap and avoid billions in taxes, but a new Biden nominee could end the scheme. Read more.

Route 50: How Tax Credits Could Help States Reduce Child Poverty by 25%

November 23, 2022

Child poverty in the U.S. hit a record low last year, according to the U.S. Census Bureau, in part due to the American Rescue Plan Act’s expansion of the federal child tax credit. While the initiative expires at the end of 2021, states could continue the trend with their own child tax credit policies, a new […]

Jacobin: In Massachusetts, Unions Beat Billionaires to Pass a Tax on the Rich

November 23, 2022

Voters in Massachusetts just ratified the Fair Share Amendment, which taxes income above $1 million to fund public services. A broad coalition of labor and community groups took on billionaire money and won. Read more.

CNBC: As a Key Deadline Looms to Claim 2021 Tax Credits, Republicans Complain of ‘Suspicious Timing’ of IRS Letters

November 23, 2022

Certain tax credits were made temporarily more generous in 2021. For certain people, there still may be time to claim the money, which may add up to thousands of dollars — but some politicians aren’t happy the IRS just reminded Americans about the cash. Read more.

The Economic Progress Institute: Rhode Island Standard of Need

November 18, 2022

With scenic beaches, culinary and arts communities, higher education institutions, and a vibrant celebration of culture, Rhode Island can be a wonderful place to live and to raise a family. Yet many Rhode Islanders work at jobs with wages that pay too little to meet even the most basic living costs. They experience multiple barriers […]

Policy Matters Ohio: Increase Family Security and Expand Opportunity in Ohio

November 14, 2022

The expanded federal child tax credit (CTC) improved the lives of millions of children and families. We outline how a simple solution — direct payments to families with children — helped families pay for basic household expenses, relieved parents of stress, and made families more stable and secure. But now, because Congress failed to act, […]

Policy for the People Podcast: Our Labor, Their Fortunes: Billionaires Capture Oregon’s Wealth

November 11, 2022

Wealth inequality is at mind-boggling levels in Oregon and elsewhere. Listen to Research Director Carl Davis talk about the trends here.

Fiscal Policy Institute: Inequality in New York & Options for Progressive Tax Reform

November 11, 2022

Income statistics have long shown that the top earners in New York State earn relatively more than their counterparts elsewhere in the U.S. Income inequality alone, however, provides an incomplete picture of the wealthiest households’ economic resources. In order to understand real economic power, we have to look at households’ wealth (their total net assets). […]