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blog
July 18, 2024
Five Tax Takeaways from 2024 State Legislative Sessions
Major tax cuts were largely rejected this year, but states continue to chip away at income taxes. And while property tax cuts were a hot topic across the country, many states failed to deliver effective solutions to affordability issues.
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report
July 17, 2024
Improving Refundable Tax Credits by Making Them Immigrant-Inclusive
Undocumented immigrants who work and pay taxes but don’t have a valid Social Security number for either themselves or their children are excluded from federal EITC and CTC benefits. Fortunately, several states have stepped in to ensure undocumented immigrants are not left behind by the gaps in the federal EITC and CTC. State lawmakers should continue to ensure that immigrants who are otherwise eligible for these tax credits receive them.
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report
July 16, 2024
Corporate Tax Breaks Contribute to Income and Racial Inequality and Shift Resources to Foreign Investors
Corporate tax cuts and corporate tax avoidance worsen income and racial inequality in our country. Most of the benefits flow to foreign investors and the richest 20% of Americans.
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blog
July 11, 2024
State Rundown 7/11: Mansion Taxes in the Spotlight
While Massachusetts legislators recently dropped a real estate transfer tax from their major housing bill, the District of Columbia council sent a budget to the mayor that includes a mansion tax that would increase the tax rate on properties valued over $2.5 million. Meanwhile, lawmakers in New Jersey and South Carolina continue to, respectively, raise and reduce needed revenues.
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blog
July 1, 2024
Tax the Wealthy and Reject Austerity for a More Just and Thriving Democracy
Two of the last five presidents won office over the objection of the majority of the people; California, with 65 times more people, has the same voting power in the U.S Senate as Wyoming; and the U.S. Supreme Court just permitted South Carolina lawmakers to dilute Black votes in drawing districts. These obvious flaws undermine our claim to be a strong democracy. One less appreciated but similarly undemocratic trend is our extreme inequality that supercharges the power and wealth of corporations and the uber-rich, weakens what the public sector can deliver, and often feeds on itself.
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blog
June 27, 2024
Reality Interrupts the Fever Dream of Income Tax Elimination in Kentucky
Keeping the Kentucky income tax on a march to zero would mean tax hikes for working families or widespread cuts to education, health care, and other public services. Reversing course is certainly the wiser course of action.
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report
June 27, 2024
Who Benefits and Who Pays: How Corporate Tax Breaks Drive Inequality
Corporate tax breaks and corporate tax avoidance significantly contribute to income and racial inequality and largely benefit foreign investors.
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blog
June 26, 2024
State Rundown 6/26: Summer Special Sessions Are In, Anti-tax Ballot Initiatives Out
Many families are heading out on summer vacations, but legislators across the country are heading back to statehouses for special sessions…
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report
June 26, 2024
States Should Enact, Expand Mansion Taxes to Advance Fairness and Shared Prosperity
The report was produced in partnership with the Center on Budget and Policy Priorities and co-authored by CBPP’s Deputy Director of State Policy Research Samantha… -
blog
June 24, 2024
Property Tax Circuit Breakers Can Help States Create More Equitable Tax Codes
Well-designed property tax circuit breaker programs allow states to reduce the impact that property taxes have on the upside-down tilt of their tax codes.
