Citations

House Bill 116 in this year’s state legislative session in Hawai’i cites ITEP data on the revenue potential of worldwide combined reporting (WWCR). (For more on WWCR, read our recent report here.)

In Florida, the ability of local governments to raise revenue for operations is limited by the state constitution.[1] With the exception of fees, special assessments,[2] and the property tax, also known as an ad valorem tax, local governments are dependent on the Legislature and state laws for authority to levy other forms of taxation and raise revenue. Consequently, as a matter of fiscal management and local autonomy, the property tax is paramount. Considering recent policy proposals to eliminate property taxes (see Appendix), this brief explores the property tax, its role as a source of local fiscal autonomy, possibilities for reform, and the…

Proposed Medicaid cuts could affect over 400,000 Mainers, especially children, older adults, and families with low income, reducing access to essential health care and economic stability. Read more.  

Conservative revenue estimates released this week by the Institute on Taxation and Economic Policy (ITEP) project hundreds of millions of dollars in new revenues for Maryland once you close the loophole that allows a small group of the world’s most aggressive global giants to dodge their responsibility to the people of Maryland. Read more.

Gov. Moore’s budget proposal for fiscal year 2026 (July 2025–June 2026) makes a significant dent in the state’s looming shortfalls, with similar-sized contributions from tax reforms and budget cuts. The plan takes several positive steps to crack down on corporate tax avoidance and ask wealthy individuals to pay their fair share. These reforms are an important measure to protect Marylanders from much more drastic cuts to public services. At the same time, a more ambitious revenue package would do more to support the foundations of thriving communities across our state.

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and Racial Equity Explainer Series will cover key elements of the tax code that Congress will be debating this year and their real-world significance for communities of color. The following four pieces will cover corporate taxation, the difference between wealth and income taxes, and an overview of tax credits and deductions.

Kentucky lawmakers are expected to vote early in the legislative session on another half-point cut to the individual income tax rate, a drop from 4% to 3.5%. This cut is expected to pass despite a projected decline in tax revenues due to the income tax reductions of the last couple of years. With this next drop, the state will get closer to the level of tax cuts Kansas put in place in 2013 and was forced to reverse just five years later because the state wasn’t bringing in enough money to meet its obligations.

ITEP Local Policy Director Kamolika Das discussed revenue and the reform of fines and fees at this webinar hosted by the Fines & Fees Justice Center.

Fair tax policy depends on prioritizing the well-being of all households, not just the wealthiest. New Jersey, and the nation as a whole, cannot afford to hand special tax breaks to the most affluent residents by slashing essential services such as health insurance for working families. New analysis of the Trump administration’s plan to make tax breaks from the 2017 tax law permanent shows that the proposal would do just that. It would make the wealthiest New Jerseyans even richer while cutting programs and support for families who need help affording basic necessities like food and health care.

This brief—originally presented as a discussion guide to the October 2024 convening “Promoting Equity and Efficiency: Rethinking Corporate Taxation to Address Market Power,” hosted by the Institute for Macroeconomic & Policy Analysis and the Roosevelt Institute—establishes a groundwork for developing a truly pro-competition corporate income tax system, focusing in particular on the economic case for […]

The Earned Income Tax Credit (EITC) is a federal tax credit for workers with low and moderate incomes. The EITC helps to bolster their incomes and offset taxes owed; it is effective at reducing poverty and has traditionally received bipartisan support. But the EITC available to workers without dependent children in the household is small […]

Emerging proposals from the Trump Administration and key congressional Republicans could wreak havoc on essential public services, leaving millions of people worse off through lost health coverage, less money for groceries, weakened access to a quality public education, and other harms.[1]

Legislation[1] was introduced during the January 2025 special legislative session that would repeal Florida’s tuition fairness law.[2] This law, which passed with bipartisan support in 2014, requires that colleges, universities, and postsecondary institutions waive out-of-state tuition for certain undocumented students who graduated high school in the state.

Every year, Idaho spends millions of tax dollars to make sure families receive a good education, live in safe homes and communities, and enjoy good health. However, over the last several years, the state has passed deep and costly tax rate cuts that make our tax system more regressive- disproportionately burdening Idahoans with the lowest incomes. House Bill 40 continues to perpetuate this trend by providing relief disproportionately to wealthy households.

There is little return to show on past border militarization investments. Beginning in 2021, the Governor launched a multi-year campaign called Operation Lone Star that, in part, allowed his Trusteed Programs office to distribute billions of dollars in grants to once resource-starved border communities. SB 1 prepares to double down on this failed investment with […]