
February 27, 2026 • By Miles Trinidad
This testimony was delivered to the Maryland House Ways and Means Committee on February 26, 2026. Chair, Vice-Chair, and Members of the Committee, Thank you for the opportunity to provide testimony in support of House Bill 801. My name is Miles Trinidad, and I am an analyst at the Institute on Taxation and Economic Policy […]
February 27, 2026 • By Marco Guzman
This testimony was delivered to the Connecticut General Assembly Finance Committee on February 26, 2026. My name is Marco Guzman, and I am a Senior Analyst at the Institute on Taxation and Economic Policy (ITEP). ITEP is a non-profit, non-partisan tax policy organization, conducting rigorous analyses of tax and economic proposals and providing data-driven recommendations […]
February 26, 2026
“This idea that we can use tariffs to pay for everything is just nonsense. It’s a fantasy,” Steve Wamhoff, federal policy director for the nonprofit Institute on Taxation and Economic Policy, told Barron’s. “Replacing any substantial portion of the federal personal income tax with tariffs is not a proposal to be taken seriously.” Read more.
February 26, 2026
Shoppers will have to wait for companies to get their refunds before any potential reimbursements might trickle down to them. And that could take a while. Read more.
February 24, 2026 • By ITEP Staff
DC can raise needed revenue and address tax inequity by taxing more of the gains, or proceeds, generated by wealth—such as capital gains, dividends, and other forms of passive income. DC’s tax system protects and grows wealth concentration through myriad preferences and loopholes, exacerbating racial and economic inequality. This special treatment also prevents the District […]
February 24, 2026
The year-old senior tax freeze in St. Louis County, which allows seniors to lock in a portion of their property tax bills as property values appreciate, has already poked holes in school district budgets in its first year. Districts in the county expect losses to mount as property values rise, with the highest impact likely […]
February 24, 2026
So far, Republicans in the House and Senate have vowed to work together to lower tax burdens for Georgians. But questions about how and where to shift the burden of funding the commonweal without an income tax remain unanswered. Read more.
February 24, 2026
President Trump is distributing executive patronage — from pardons to favorable regulatory decisions — to privileged groups, including those willing to contribute to his preferred committees and causes and those who invest in the Trump family’s crypto businesses. Read more.
February 23, 2026
Washington is one of just nine states that does not tax income. Last week, the State Senate approved what supporters and opponents alike call the “millionaires tax,” a proposed 9.9 percent annual tax on personal earnings over $1 million, enough to bring in $3.7 billion a year. Members of the state House must now decide […]
February 23, 2026 • By ITEP Staff
Undocumented immigrants contributed $8.5 billion in state and local taxes in 2022 — a number that would rise to $10.3 billion if these taxpayers could apply to work lawfully. People are afraid to leave their homes, children are left without their parents, and families unable to afford groceries. Families are even foregoing critical medical care. […]
February 23, 2026 • By Brakeyshia Samms
Senior Analyst at ITEP, Brakeyshia Samms, joins the “Exploring How Race, Money, and Power Collide in the Tax System” episode of Colorado Fiscal Institute’s podcast.
February 20, 2026 • By ITEP Staff
ITEP’s analysis examines two categories of changes to the Ohio tax code: changes made to personal income taxes and changes made to other types of taxes. Read more.
February 19, 2026
Kamolika Das talks about a current nationwide effort to raise revenue in states to replace billions of dollars in vital local and state funding for social safety net programs that were lost in last year’s Trump-GOP budget mega-bill that dramatically cut social programs while giving away huge tax cuts for profitable corporations and the rich. […]
February 19, 2026
Palantir paid $0 federal income tax on $1.5 billion of U.S. income.
February 19, 2026 • By ITEP Staff
The Massachusetts Budget and Policy Center (MassBudget) proposes that the state opts out the five most costly federal corporate tax cuts made in the One Big Beautiful Bill Act. Read more.
February 19, 2026 • By ITEP Staff
The Trump administration has trumpeted this policy as a substantial victory for workers—in reality, it is not. Most workers will not benefit from this policy whatsoever. Read more.
February 19, 2026 • By ITEP Staff
Republican legislators yesterday leveled a barrage of familiar arguments against the Senate Democratic majority’s proposal to create a million-dollar earners’ tax. While these charges have been made before, repetition does not make an argument true. Read more.
February 19, 2026
Without Albany’s willingness to hike income or corporate taxes, Mamdani is signaling he will need to turn to other measures to fund his budget. He’s floating increasing property taxes for the city’s residents. Read more.
February 19, 2026
If the state’s income tax is eliminated, experts anticipate that Missouri’s already regressive tax system would become more so. Households with a yearly income of $65,000 would see a $500 tax increase each year, while households in the top 1% would see an average tax cut of nearly $40,000. Read more.
February 19, 2026 • By ITEP Staff
The Institute on Taxation and Economic Policy argues that tax holidays may slightly reduce the regressive nature of sales taxes but produce minimal overall benefit. Read more.
February 19, 2026
Policy experts warned that the One Big Beautiful Bill (OBBB) is creating a fiscal crisis for states, forcing them to choose between cutting essential services or raising their own taxes. Aidan Davis, state policy director at the Institute on Taxation and Economic Policy, said lawmakers have an opportunity to reverse course and align public policy […]
February 19, 2026
The White House plan “would represent the single largest legislated transfer of wealth from the working class to the rich in the nation’s history,” according to the Institute on Taxation and Economic Policy. “Working-class families would face dramatic tax increases while the nation’s wealthiest families would see their state tax bills plummet.” Read more.
February 19, 2026
As tax season dawns, backlash to a nationwide surge in property-tax bills is spurring states to double down on proposals to diminish one of the main revenue sources for school districts. At least 10 states are pitching the end of one of schools’ chief revenue sources. Read more.
February 19, 2026
Republicans in Congress delivered on one important item on corporate America’s wishlist that allowed companies to pay lower taxes to Uncle Sam: their ability to immediately deduct new domestic research and development spending from their tax bills instead of spreading them out over years. Read more.
February 12, 2026 • By ITEP Staff
The 2025 Trump tax bill that created the tipped income deduction simultaneously enacted massive cuts to health care, energy, and food assistance programs that will cause tremendous harm for millions of low-income households, including some with tipped workers—all to finance tax cuts for the ultrawealthy. Read more.