Institute on Taxation and Economic Policy (ITEP)

Trump-GOP Tax Law

While States Debate New Trump Tax Changes, Equity Must Be at the Core

States continue to debate whether and how to link their state tax codes to the 2025 federal tax law. This is not just a technical debate.

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Year One of Trump-Republican Tax Policy: The Consequences

April 6, 2026 • By Michael Ettlinger

Year One of Trump-Republican Tax Policy: The Consequences

President Trump has dramatically increased tariff taxes, enacted large tax cuts that primarily benefit the wealthy and corporations, dramatically curtailed IRS enforcement, and issued legally problematic regulations.