ITEP Work in Action
Policy Matters Ohio: Senate Tax Plan Pits the Rich Against the Rest of Us
June 15, 2023
The Ohio Senate has voted to weaken the state’s fiscal foundations in order to hand out billions of dollars to wealthy households. The changes to the state’s personal income taxes, currently included in the Senate’s version of the budget bill, will disproportionately benefit the rich, they will lead to temporary tax increases on some middle-income […]
Rep. Judy Chu: Statement on GOP Tax Scam 2.0
June 15, 2023
An analysis by the Institute on Taxation and Economic Policy determined that should this package become law, Americans at the bottom 20 percent of income levels would receive an average tax cut of $40 next year, but the richest one percent would receive an average $16,550 tax cut. Read more.
Rep. Richard Neal: Neal Opening Statement at Markup of GOP Tax Scam 2.0
June 15, 2023
This is the most ill-considered piece of legislation that I’ve witnessed in years in front of this committee. Just 10 days after our Republican colleagues were prepared to bring the nation to the brink of default to the precipice, if not over the edge, they now come back with a tax cut. Read more.
New Jersey Policy Perspective: Stay Away from StayNJ: Proposal Cuts Taxes for the Rich, Leaves Low-Income Seniors Behind
June 9, 2023
Housing affordability is one of the most pressing challenges facing New Jersey, but not all policies aimed at making the state affordable are equally effective, efficient, or equitable. When evaluating new proposals and changes to the tax code, it’s critical to consider who stands to benefit, by how much, and who is left behind. In […]
Knowledge at Wharton: Closing the Racial Wealth Gap in Retirement Readiness
June 7, 2023
Black and Hispanic Americans are less financially prepared for retirement than their white counterparts for multiple reasons. Participants at the 2023 Pension Research Council Symposium grappled with the underlying causes and suggested reforms. Read more.
The Commonwealth Institute: Cutting Top Personal Income Tax Boosts the Wealthy, Excludes People with Lower Incomes
June 6, 2023
With no budget compromise yet from the Virginia General Assembly, $1 billion in untargeted tax cuts that mostly benefit the wealthy and profitable corporations are still on the table. Read more.
Policy Matters Ohio: A Better Earned Income Tax Credit Will Help Ohio’s Working Families
June 6, 2023
Ohio’s leaders can use the tax system to increase economic stability for every family in the state. The Earned Income Tax Credit (EITC) is a proven, powerful tool to do just that. In 2021, the federal EITC lifted about 5.3 million people above the poverty line, including nearly 3 million children. Read more.
North Carolina Budget & Tax Center: Tax Changes in NC Senate Budget Plan Benefit Richest, Worsen Racial Inequities
May 25, 2023
The NC Senate tax plan will double down on the path to zero income tax — keeping in place the elimination of the corporate income tax and reducing the personal income tax to 2.49 percent after 2029 — to benefit the very wealthy and profitable corporations. Read more.
Arizona Center for Economic Progress: Extending the 2017 Tax Cuts and Jobs Act Will Further Solidify An Unequal Federal Income Tax Structure for Generations
May 23, 2023
A new report from the Institute on Taxation and Economic Policy (ITEP) predicts that making permanent the temporary provisions of the 2017 Tax Cuts and Jobs Act (TCJA) will cost nearly $290 billion in 2026. H.R. 976, the TCJA Permanency Act, would permanently enshrine the portions of the TCJA that were set to expire in 2025. In Arizona, […]
Massachusetts Budget & Policy Center: What’s Race Got to Do With It? Some Tax Proposals Would Widen Racial Inequality, Others Would Advance Equity
May 17, 2023
Lawmakers have proposed a variety of tax cuts, some of which would provide outsize benefits to the most affluent households and widen existing racial and economic disparities. Other proposed tax changes would make the Commonwealth more equitable by targeting benefits to lower-income households who need them the most. Read more.
U.S. Senate Budget Committee: Extending Trump Tax Cuts Would Add $3.5 Trillion to the Deficit, According to CBO
May 17, 2023
According to a report released today by the nonpartisan Congressional Budget Office (CBO), extending the Trump tax cuts would add $3.5 trillion to the deficit through 2033. Read more.
Oklahoma Policy Institute: Flat Tax, Tax Triggers Would Make Oklahoma’s Tax System Less Fair, Less Adequate, and less stable
May 16, 2023
With less than two weeks left in the 2023 legislative session, lawmakers have very little time remaining to reach agreement on, reveal, and adopt the Fiscal Year 2024 state budget. Bills that would change tax policy are typically unveiled as part of the budget package. Though they have not yet been introduced, this year’s budget […]
OpenSky Policy Institute: Proposed Property Tax Breaks Benefit Wealthy While Restricting School Revenue
May 11, 2023
The Legislature on Wednesday and Thursday will consider property tax breaks and corresponding income tax cuts that together would restrict the revenue that’s available to fund important programs that all Nebraskans rely on for years to come. Read more.
Testimony of ITEP’s Amy Hanauer Before the D.C. Tax Revision Commission
May 3, 2023
The written testimony of ITEP Executive Director Amy Hanauer is below the embedded video of the hearing. Dear D.C. Tax Revision Commission, Thank you for inviting me to testify last week on the research of my colleagues at the Institute on Taxation and Economic Policy. We’re grateful to have our perspective included and as a […]
Policy Matters Ohio: How Ohio’s Income Tax Works – and How the House Budget Would Change It
April 25, 2023
The proposed changes to the state’s personal income tax in the House substitute budget bill are another blow to Ohio’s only tax that is based on the ability to pay, weakening the public programs, institutions, and supports that make the state strong. Read more.
Oxfam: Tax Wealth, Tackle Inequality
April 14, 2023
Wealth inequality in the US is more extreme and dangerous than income inequality; and we need to change our approach, so we effectively tax wealth as well as income. We offer five reasons why a wealth tax makes sense. Read more.
Video of ITEP’s Amy Hanauer at Bloomberg Government’s 2023 State Policy Breakfast
April 12, 2023
On April 12, ITEP Executive Director Amy Hanauer joined Bloomberg Government’s 2023 State Policy Breakfast to discuss current legislative trends and developments in State Houses across the country. You can watch the video here.
Testimony of ITEP’s Marco Guzman Before the Nevada Assembly Committee on Revenue
April 10, 2023
For a video of Marco’s testimony, click here. Thank you, Assemblywoman Anderson, and thank you chairman and members of the Assembly for the opportunity to speak on the topic of Nevada’s state tax system. My name is Marco Guzman, and I am a Senior State Policy Analyst with the Institute on Taxation and Economic Policy […]
Oregon Center for Public Policy: Beyond the Water’s Edge: Oregon Can Make it Harder for Corporations to Hide Profits Overseas
April 6, 2023
Oregon can clamp down on multinational corporations shifting profits overseas, create a more level playing field for Oregon businesses, and raise millions in revenue by enacting “complete reporting” by large corporations. Read more.
Oklahoma Policy Institute: Tax Proposals This Session Fail to Deliver Inflation Relief, Jeopardize State’s Long-term Fiscal Health
April 6, 2023
With $10.8 billion in recurring revenue and at least $1.6 billion in one-time funds, the Oklahoma Legislature has significant fiscal decisions to make this session. Oklahoma leaders have repeatedly stated their intentions, including House Speaker Charles McCall who wants to provide “inflation relief” and Gov. Kevin Stitt who heralds a commitment to “fiscal discipline.” However, most of […]
Policy Matters Ohio: Testimony on HB 33 Before the House Finance Committee
April 4, 2023
This general assembly has the good fortune of budgeting in a time of surplus. Smart federal policy drove cash to people and businesses so when the worst of covid passed, the economy could rebound. The federal government has also sent crisis dollars to states, propping up potential shortfalls and funding major investments in many areas […]
Arkansas Advocates for Children: Vital Services At Risk With Income Tax Elimination
March 31, 2023
We all want to live in a state with great schools, well-maintained infrastructure, thriving communities, and strong families. But Arkansas’s Governor and many legislative leaders have expressed their support for sharply cutting – or even eliminating – our personal income tax, which would undermine our ability to ever achieve this goal. Read more.
New Hampshire Fiscal Policy Institute: Households with High Incomes Disproportionately Benefit from Interest and Dividends Tax Repeal
March 30, 2023
New analyses of the elimination of New Hampshire’s Interest and Dividends Tax show that the reduction in tax revenue disproportionately benefits individuals and households with high incomes while significantly reducing revenues available for public services. Read more.
Maine Center for Economic Policy: Impacts of Proposed Income Tax Rate Reduction
March 30, 2023
House and Senate Republicans are demanding income tax cuts be part of the budget, and Democrats in the legislature were right to make sure they didn’t have the tools to threaten a state shutdown to get them. As the legislature prepares to pass a current services budget to avoid a stalemate in June that could […]
Oregon Center for Public Policy: How to Pay (PAE) for It? Enact Complete Reporting
March 29, 2023
Making Oregonians more economically secure requires investing in our well-being: housing, education, child care, and more. One fair way to pay for these investments is to fight corporate tax avoidance by enacting complete reporting. Read more.
Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.
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