
March 23, 2026
“There is no substitute for a robust federal tax enforcement program,” Carl Davis, research director at the Institute on Taxation and Economic Policy, said. “But even so, states should still do their best to fill the gaps that have been created by drastic cuts to IRS enforcement.” Read more.
March 23, 2026
School property taxes raise between $15 to $17 billion in Pennsylvania, according to Kamolika Das, local policy director at the Institute on Taxation and Economic Policy. This massive revenue source for Pennsylvania would be hard to replace, even if residents were willing to face higher sales and income taxes. Read more.
March 23, 2026
“The Trump administration’s actions over the last year are a big part of what’s making these revenue raising plans necessary at the state level”, said Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy. The 2025 federal tax law cuts state funds for Medicaid and gives the wealthiest 1% in the U.S. tax […]
March 23, 2026
Lowering property taxes can have unintended long-term consequences for local housing markets. Higher property taxes act like a future mortgage payment. This long-term investment would lower prices and make it easier for first-time homebuyers to gain a foothold in the market. Read more.
March 19, 2026
The Capital Gains Inflation Relief Act of 2025 is just as unpopular as similar bills Sen. Cruz introduced in 2018 and 2021, neither of which passed. Steve Wamhoff of the Institute on Taxation and Economic Policy in 2019, “sounds logical until you think about it.” The legal and economic considerations haven’t changed since then. Read […]
March 19, 2026
Lawmakers consider increasing sales taxes to offset budget cuts to property or income taxes. This will force lower- and middle-income residents, who spend a larger share of their earnings than the wealthy, to foot more of the bill for state services. Read more.
March 17, 2026
Carl Davis, a research director at the Institute on Taxation and Economic Policy, stated that there is growing support nationwide to repeal the water’s edge tax break as public awareness of profit shifting spreads. “Folks are outraged when they hear that these companies are pretending that they are earning their profits in the Caymans or […]
March 17, 2026
Eliminating income tax means lower and middle-income families will have to pay more. “Public services would be cut, other taxes and levies that fall more heavily on low- and middle-income families (including sales taxes, excise taxes, fees and fines) would be increased, or — most likely — both those things would happen,” Aidan Davis from […]
March 17, 2026
InvestorsObserves’ report, based on analysis by the Institute on Taxation and Economic Policy, found that the impact of the Trump administration’s OBBB is heavily tilted in favor of those already at the top. Read more.
March 17, 2026
Sen. Warren asks the companies to detail their 2025 tax cuts, tariff refunds, any contributions to Trump’s projects, and why they laid off workers. Meta “paid an effective federal income tax rate of just over 3.5 percent in 2025,” Matt Gardner at the Institute on Taxation and Economic Policy wrote in an analysis last month, […]
March 17, 2026
“The sports gambling sector is growing fast,” said Nick Johnson, an analyst with the Institute on Taxation and Economic Policy. “In a few states, it’s really starting to produce a pretty remarkable amount of revenue.” Read more.
March 12, 2026
The CTC is “both an affordability and anti-poverty mechanism,” said Neva Butkus, a senior analyst at the Institute on Taxation and Economic Policy. States and localities seeking to add or expand a child tax credit work with her team. As of late, Butkus notes that “lawmakers and advocacy groups come to us with poverty alleviation […]
March 5, 2026
Rita Jefferson, local analyst at the Institute on Taxation and Economic Policy, said this approach fails to get at the root problem. She said generally, property tax growth caps are done on a state-wide level, rather than county by county, and she called the 0% tax cap “extremely unusual.” Read more.
March 4, 2026
Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said, “No one’s been able to find any econometric evidence showing conclusively that these rules actually encourage economic growth at all. If anything, the most obvious takeaway is that these tax breaks are simply rewarding companies for doing what they were going […]
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
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 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
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
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.
Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].