Institute on Taxation and Economic Policy (ITEP)

Citations

ITEP's Citations Research Priorities

Testimony: ITEP’s Sarah Austin Urges Washington House Finance Committee to Decouple from Venture Capital Tax Break

The prepared testimony below was delivered by ITEP Senior Analyst Sarah Austin to the Washington House Finance Committee on January 27, 2026. For more on the tax break in question, check out our October 2025 brief.  Chair Berg, Vice Chair Street, and members of the House Finance Committee, My name is Sarah Austin, I’m a […]

Wall Street Journal: Companies Reveal Big Mystery: Where They Pay Taxes and How Much

January 28, 2026

Netflix and Intel are some of the first to comply with a new accounting rule that requires more details about corporate tax payments. Read more.

Washington Post: How to Claim Tax Breaks on Overtime, Tips, and More This Filing Season

January 27, 2026

Many taxpayers stand to collect larger refunds this year from the IRS, whether they itemize or not. Read more.

Massachusetts Budget and Policy Center: Proposed Income Tax Cuts in Massachusetts Would Benefit Households with Highest Incomes and Force Deep Public Cuts

The proposed ballot question to cut the Massachusetts state income tax would not just force deep cuts to investment in public programs and infrastructure. Its benefits are also highly skewed towards households with the highest incomes. Read more.  

CNBC: Social Security Benefits Are Still Taxed in Some States. Why There’s a Push to Change That.

January 27, 2026

There’s a push to end taxes on Social Security benefits to help retirees keep more money in their pockets. Read more.

Center on Budget and Policy Priorities: States Should Adopt the Wealth Proceeds Tax to Raise New Revenue

States are facing considerable fiscal pressures from the fallout of recent federal policies, including the harmful Republican megabill enacted in July 2025. Read more.

Georgia Budget & Policy Institute: Overview of Georgia’s Budget for Amended Fiscal Year 2026 and the Full 2027 Fiscal Year

Between Gov. Brian P. Kemp’s first full fiscal year (FY) budget as governor and his eighth and final budget for FY 2027, state spending has increased by nearly $11 billion to $38.5 billion. Governor Kemp’s AFY 2026 and FY 2027 budget proposals recognize that Georgia can use its historic level of resources to fill long-awaited […]

North Carolina Department of Commerce: The Hidden Cost of Child Care Gaps in North Carolina’s Economy

Lack of access to affordable, high-quality child care is a barrier to labor force participation for working parents in North Carolina and affects our state’s economy. Read more.

Time: Americans Are Paying for Trump’s Tariffs, Study Finds

January 20, 2026

This corroborates findings from other think tanks and institutes that have tracked corporate activity since the tariffs dropped. According to the Institute on Taxation and Economic Policy (ITEP), in disclosures at the end of 2025, “industry executives have publicly told investors they are protecting profits by passing the costs of tariffs on to consumers.” Read more.

Joint Center for Political and Economic Studies: State of the Dream 2026: From Regression to Signs of a Black Recession

State of the Dream 2026: From Regression to Signs of a Black Recession is the product of a collaborative effort drawing on the expertise of Joint Center staff, fellows, and trusted external partners. Contributors include colleagues from United for a Fair Economy, the Center for Economic Policy Research, the National Community Reinvestment Coalition, and the Onyx […]

New Jersey Policy Perspective: Five Budget Time Bombs Facing the Next Governor

Without sustainable and equitable revenue sources, incoming governor Mikie Sherrill is inheriting a state budget full of fiscal threats. Read more.

Education Week: Schools Brace for Mid-Year Cuts as ‘Big, Beautiful Bill’ Changes Begin

January 14, 2026

The statewide specter of these unusual cuts marks one of the first tangible ripple effects for K-12 schools nationwide from the One Big Beautiful Bill Act, approved by Congress and signed into law by President Donald Trump last July. Read more.

MarketWatch: Tax the Rich in ’26? These 3 Crucial Questions about Wealth Taxes Could Be Answered This Year

January 12, 2026

A new year has unleashed a new round of debate on how much more money America’s super-rich should be paying in taxes. Read more.

Associated Press: Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns

January 8, 2026

Eliminating state income taxes sounds great to many voters, but Republicans backing the push in multiple states still face questions about whether such big tax cuts can be made without raising other taxes or sharply cutting state funding for education, health care and other services. Read more.

Washington Governor’s Office: Governor Ferguson Announces Support for Millionaires’ Tax

Washington ranks next to last for fairness and equality in our tax system — meaning those who make the least pay much larger shares of their income than those with the most resources. Washington families whose income is in the bottom 20% pay 13.8% of their total income in taxes, while those whose income is […]

Newsweek: US Property Tax Changes Coming in 2026

January 5, 2026

Property tax reform has been a hot topic across the country this year, especially in Republican-led states, as lawmakers and politicians try to offer relief to homeowners struggling with higher bills; and experts believe it will remain at the forefront in 2026—with many states continuing to push for the complete elimination of property taxes. Read […]

HeraldNet: Editorial: ‘Millionaires’ tax’ can deliver fairness, revenue

January 5, 2026

We should all hope we’d be in the financial position where we’d have to pay Gov. Bob Ferguson’s proposed “millionaires’ tax,” because — as the name implies — it would levy a tax on annual income above $1 million, meaning we’d be doing pretty well. Read more.

Kentucky Center for Economic Policy: In New Poll, Kentuckians Say Income Tax Cuts Aren’t Helping

Kentucky’s legislative leaders have made reducing the state’s individual income tax rate their top priority in recent years. Lawmakers have repeatedly acted on that, reducing the rate several times and costing the state billions annually that could have been invested in kids and families. Read more.

Public Assets Institute: State of Working Vermont 2025

January 5, 2026 • By ITEP Staff

Public Assets Institute: State of Working Vermont 2025

In many ways, 2025 has been a year like no other. Federal actions affecting the state have been fast and furious: freezing grants, eliminating housing supports, withholding or slashing food benefits and heating assistance, decimating healthcare access both by cutting Medicaid and ending enhanced insurance premium tax credits. All of this adds up to hundreds of […]

NC Budget & Tax Center: Jan. 1: Tax cuts for the rich in NC — still no state budget

The New Year will bring little certainty to everyday North Carolinians.  State legislators have failed to use the policy tools available to them to address rising costs for the basics, from food to child-care to housing. Read more.

New York Times: Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit.

December 31, 2025

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings. Read more.

Indiana Capitol Chronicle: Indiana Lawmakers To Weigh Joining Trump’s Tax Cuts

December 23, 2025

One worry with Indiana adopting all the federal changes is that it would further reduce the state’s tax base, said Neva Butkus, a senior analyst for the nonprofit Institute on Taxation and Economic Policy. That could make the state more dependent on its 7% sales tax — among the highest in the country — that […]

Maine Center for Economic Policy: Tax Conformity Decisions Will Shape Maine’s Future (Part 1: Maine Shouldn’t Fall for Policy Gimmicks)

Policy gimmicks in HR 1 disguise its true nature as a huge tax giveaway to the ultra-wealthy and big corporations — Maine should not compromise the future well-being of its residents to give tax breaks to the rich. Read more.

Every Texan: Highest Tax Rates in the State Fall on Texans of Color

The income groups paying the highest tax rates in Texas are disproportionately Hispanic and Black, whereas the lowest-taxed group (the wealthiest 5%) is predominantly white. Read more.

Associated Press: States Faces a Choice on Whether To Embrace Trump’s Tax Cuts on Tips, Overtime and More

December 19, 2025

Lawmakers across the U.S. will be debating whether to adopt new federal tax breaks for tips, overtime and business expenses… “States in general are approaching this skeptically,” said Carl Davis, research director at the nonprofit Institute on Taxation and Economic Policy. Read more.