Citations

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.  

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 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.

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 […]

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 […]

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 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.

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 […]

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.

New evidence on child tax credits at the federal level has shown “stunning” results in lifting children out of poverty throughout the country and a state-level policy could continue that momentum, benefiting a broad range of families, panelists including ITEP State Policy Director Aidan Davis said in a February 8 webinar.

In 2021, the Washington Legislature enacted a capital gains tax, levied at a rate of seven percent on the sale or exchange of certain long-term capital assets. Read more. (See pages 4 and 11 for ITEP citations)

Governor Healey’s tax relief proposal would reduce state revenue available for future investments by $986 million annually. Three proposed tax credits would be progressive, meaning the benefits for lower-income households would be a larger percent of their income than the benefits for higher-income houseolds..1 The Governor also proposes two highly regressive tax cuts, meaning richer, higher-income households would receive […]

This bill proposes a substantial rewriting of Ohio’s property and personal income taxes. It is an overly complicated, poorly designed bill that does not achieve what the sponsor claimed it would. It represents a massive wealth transfer from Ohio’s communities to a wealthy few. It is based on unsound economic reasoning and, if passed, it […]