Institute on Taxation and Economic Policy (ITEP)

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State Rundown 6/22: Southern States Edition

• By ITEP Staff

With many state legislative sessions wrapped or wrapping up, we at ITEP want to take a moment to direct your attention south, and specifically, to the American South...

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New ITEP Report Examines the Path to Equitable Tax Policy in the South

• By Kamolika Das

“From the inception of the emerging American nation, the South is a central battleground in the struggles for freedom, justice, and equality. It is the location of the most intense repression, exploitation, and reaction directed toward Africans Americans, as well as Native Americans and working people generally. At the same time the South is the […]

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State Rundown 6/15: States on Alert as Inflation Concerns Rise

• By ITEP Staff

With inflation dominating headlines both nationally and locally, state lawmakers around the U.S. are searching for ways to put their revenues to good use, and not surprisingly, some options are better than others...

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Rising Prices: Another Reason to Be Wary of Tax Cutting Right Now

• By Carl Davis

Many state lawmakers see any economic challenge as an excuse to cut taxes and in 2022, some are citing inflation as a reason to do so. All eyes today are on the inflation rate facing consumers which, spurred on in part by rising corporate profits, is now running at its fastest pace in decades. But […]

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State Rundown 6/8: Tax Policy Features Prominently During Budget and Primary Season

• By ITEP Staff

As voters head to the polls to weigh in on their state’s primary elections and legislators convene to hash out budget deals, tax policy remains atop the agenda...

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State Rundown 5/25: Tax Discussions Heating Up as Summer Begins

• By ITEP Staff

While the temperature ticks up outside, the temperature in state legislatures around the country has fallen slightly. But with several states still dealing with ongoing tax and budget issues, this summer could be a hot one...

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State Rundown 5/11: Mid-Year Special Elections and Primary Season Kicks Off with Taxes in the Spotlight

• By ITEP Staff

As 2022 inches closer to its midpoint, important tax policy decisions are being put in the hands of voters, as special elections and the primary season begin...

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Most Senate Democrats Join Republicans in Calling for Corporate Tax Break

• By Steve Wamhoff

The vast majority of Senate Democrats joined their Republican colleagues in approving a new corporate tax break related to research in legislation that contains no offsetting corporate tax increases.

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State Rundown 4/27: States Remain Active on the Tax Front

• By ITEP Staff

While tax discussions among federal lawmakers continue in fits and starts, major tax news continues to make waves across the nation...

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Biden’s Proposals Would Fix a Tax Code that Coddles Billionaires

• By Steve Wamhoff

Billionaires can afford to pay a larger share of their income in taxes than teachers, nurses and firefighters. But our tax code often allows them to pay less, as demonstrated by the latest expose from reporters at ProPublica using IRS data.    According to their calculations, Betsy DeVos, the Education Secretary under former President Donald Trump, […]

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State Rundown 4/20: New Tax Changes in Full Bloom

• By ITEP Staff

This Spring looks to be bringing a mix of showers and flowers as states around the nation continue to act on a range of tax proposals...

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Some Lawmakers Continue to Mythologize Income Tax Elimination Despite Widespread Opposition

• By Kamolika Das

One of the most surprising trends this legislative session is that conservative leaders and the business community joined with progressive advocates to oppose income tax repeal plans. There is a general consensus that income tax repeal is a step too far.

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Cannabis Taxes Outraised Alcohol by 20 Percent in States with Legal Sales Last Year

• By Carl Davis

In 2021, the 11 states that allowed legal sales within their borders raised nearly $3 billion in  cannabis excise tax revenue, an increase of 33 percent compared to a year earlier. While the tax remains a small part of state budgets, it’s beginning to eclipse other “sin taxes” that states have long had on the books.

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Public Problems Demand Public Solutions

• By Amy Hanauer

Long-term troubles for this country and this planet now demand our attention. Progressive tax policy would transform our ability to tackle them.

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State Rundown 4/13: Recent State Budgets Prove Not All Tax Cuts are the Same

• By ITEP Staff

Two prominent blue states made headlines this past week when they passed budget agreements that include relief for taxpayers, and fortunately, the budget plans don’t include costly tax cuts that primarily benefit the wealthy...

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State Rundown 4/6: Late-Session Surprises Pt. 2

• By ITEP Staff

Last week we highlighted how several states were pushing through regressive tax cuts as their legislative sessions are coming to a close. Well, this week many of those same states took further actions on those bills and it’s safe to say we’re even less impressed than before...

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President Biden’s Proposed Billionaires’ Minimum Income Tax Would Ensure the Wealthiest Pay a Reasonable Amount of Income Tax

• By Steve Wamhoff

The Billionaires’ Minimum Income Tax included in President Biden's budget plan would limit an unfair tax break for capital gains income and complement proposals the president has offered previously to limit other tax breaks for capital gains.

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Frequently Asked Questions and Concerns About the President Billionaires’ Minimum Income Tax

• By Steve Wamhoff

Find the answers to some frequently asked questions about President Biden's Billionaires’ Minimum Income Tax, which would limit very wealthy individuals’ ability to put off paying income taxes on capital gains until they sell assets.

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Punitive Fines and Fees Are an Invisible Cost of State Tax Cuts 

• By Jenice R. Robinson

The deck is stacked against those who have the least, and ongoing racism makes it even more difficult for people of color to avoid punitive systems that are intentionally structured to extract what, for poor people, can be usurious penalties. The nation collectively shrugs about such injustices because they are either invisible or we chalk up entanglements in any legal morass to personal behavior. But the truth is that, indirectly, we are all part of…

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Racial Discrimination in Home Appraisals Is a Problem That’s Now Getting Federal Attention

• By Brakeyshia Samms

With both assessments and appraisals being unfair, homeowners of color are stuck between a rock and a hard place when it comes to determining the worth of what is, for most homeowners, their most valuable asset.

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State Rundown 3/30: Late-Session Surprises Leave Us Unimpressed

• By ITEP Staff

Several states have dropped a few late-session surprises, and from the looks of it, they’re not the good kind...

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New ITEP Report Explains How the Biden Administration Can Act on Its Own to Fix Our Tax Code

• By Steve Wamhoff

The Biden administration should revise regulations from the TCJA to enforce the law as it was written and passed by Congress, not as big banks and multinational corporations have lobbied for it to be enforced.

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Excess Profits Tax Proposals Meet the Moment, But Lawmakers Should Keep Their Eye on Fundamentally Fixing Our Corporate Tax

• By Steve Wamhoff

New corporate tax proposals address the current situation, but ultimately leaders in Washington must fix federal law to tax all corporate profits and stop the tax dodging that is rampant today.

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Women’s History Month is a Reminder that Sensible Tax Policy is Central to Women’s Economic Security

• By Brakeyshia Samms

Women’s History Month is a chance to remember what happens for women when tax policy becomes more progressive, boosts income, and helps make raising a family more affordable.

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State Rundown 3/23: Spring Brings More Tax Happenings

• By ITEP Staff

Spring is around the corner and like those pesky allergies that come along with it, equally pesky tax proposals continue to pop up in states across the U.S....