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A Year Later, Many States Have Decided Not to Double Down on Trump’s Tax Cuts
June 25, 2026 • 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.
It's the first official week of summer, and while many of us are planning vacations, state lawmakers remain busy finalizing and debating tax proposals.
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.
If Juneteenth is to mean anything beyond symbolism, it must also be a call to confront the policies that continue to shape racial inequities today. One of the most powerful drivers of that inequity is our tax system.
Rhode Island Budget Bets on Tax Fairness with Millionaires’ Tax and New Child Tax Credit
June 12, 2026 • 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
June 12, 2026 • 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.
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.
ITEP’s report on taxing advertising identifies some reasons why states are curtailing longstanding sales tax exemptions for the ad sector.
As rising costs strain our community and household budgets, Philadelphia Mayor Cherelle Parker’s proposed taxes attempted to patch gaping holes with meager solutions.
We estimate that by 2032, QSBS will be costing states $1.1 billion a year, and since states must balance their budgets, that’s money they can’t use for public services.
An advertising tax offers a way to raise significant money from a sector of the economy that has been getting a free ride for decades.
A veritable superbloom of tax and budget policies occurred over these last few weeks, including both flowers worth admiring and weeds worth fighting back.
Repealing North Carolina’s Corporate Tax is an Even Worse Idea Than You Think
June 3, 2026 • By Carl Davis
North Carolina’s corporate tax cuts aren’t an incentive for economic growth. They’re a windfall for multinational companies that happen to sell into our state, regardless of whether they’ve made any meaningful investments here or not.
Second home taxes make a lot of sense for communities struggling with housing costs for full-time residents. They can raise real revenues too, which can be used to support further affordable housing development.
The oil and gas industry has long been known for widespread tax avoidance. Now, thanks to new disclosure rules, we have a better picture of how this occurs.
From surcharges on the income of high-earners to higher taxes on second homes, here are recent steps states have taken to tax the rich.
Jeff Bezos’ Amazon Received Almost 10 Percent of Corporate Tax Subsidies Last Year
May 21, 2026 • By Matthew Gardner, Steve Wamhoff
Amazon received $17.5 billion in tax subsidies in 2025. That’s about 10% of all federal income tax subsidies for publicly traded corporations in 2025.
State Rundown 5/21: A Flurry of Tax Decisions as Legislatures Wrap
May 21, 2026 • By ITEP Staff
As more legislative sessions come to an end, states are making final decisions on tax and budget policies.
As of May 19, Americans have already spent $39 billion more for motor fuel (both gasoline and diesel) because of the Iran War. This number is growing by the day.
As many legislative sessions end, lawmakers are revealing their priorities.
The Bears Bill Is Bad by Design. Here’s How.
May 13, 2026 • By Rita Jefferson, Amanda Kass, Kristan Wong Karinen
State lawmakers are debating whether to subsidize a new Chicago Bears stadium in Arlington Heights, but this bill creates a new statewide property tax cut program for large development projects.
Corporate tax reforms should be the backbone of any progressive tax agenda and should be counted on to remain if other changes to our tax code are later thwarted by any of the three branches of government.
The effects of last year’s federal tax and spending cuts continue to ripple through the states. With gas prices soaring due to the Iran war, some states are attempting to provide a bit of relief in the form of gas tax reductions and suspensions.
Amidst Soaring Tech Earnings, Meta and Qualcomm Disclose a $13.7 Billion Tax Gift from Trump Administration
April 30, 2026 • By Matthew Gardner
Both companies acknowledge that they will save billions because of the Trump administration's weakening of the Corporate Alternative Minimum Tax (CAMT). Meta and Qualcomm are just two of the corporations that will benefit from this corporate tax cut provided unilaterally by the Trump's Treasury Department.
State Rundown 4/30: Aloha to Tax Cuts, Hawaiʻi Lawmakers Address Revenue Gap with High-End Tax Changes
April 30, 2026 • By ITEP Staff
This week Hawaiʻi lawmakers reached a compromise to balance the state budget and maintain tax cuts for most residents by, in part, raising rates on the richest Hawaiians. Other states are working to generate revenue from their wealthiest residents, too.
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