-
blog
March 14, 2024
Ahead of the ‘Bring Chicago Home’ Vote, Remember That Local Mansion Taxes are Tried and Tested
As Chicago and other localities look for ways to shore up resources for critical public investments, it’s important to remember that over a dozen cities and counties have already benefited from policies like mansion taxes.
-
brief
March 14, 2024
Local Mansion Taxes: Building Stronger Communities with Progressive Taxes on High-Value Real Estate
More than one dozen cities and counties levy progressive taxes on high-price real estate transactions — sometimes called mansion taxes — and over a dozen more are considering such policies. By asking buyers and sellers with greater financial means to contribute more to the common good, these policies are equipping communities with resources to make progress on critical challenges of local and national concern.
-
report
March 12, 2024
Revenue-Raising Proposals in President Biden’s Fiscal Year 2025 Budget Plan
President Biden’s most recent budget plan includes proposals that would raise more than $5 trillion from high-income individuals and corporations over a decade. Like the budget plan he submitted to Congress last year, it would partly reverse the Trump tax cuts for corporations and high-income individuals, clamp down on corporate tax avoidance, and require the wealthiest individuals to pay taxes on their capital gains income just as they are required to for other types of income, among other reforms.
-
blog
March 11, 2024
Recent Tax Cuts Have Expanded Inequality in the States
Some states have improved tax equity by raising new revenue from the well-off and creating or expanding refundable tax credits for low- and moderate-income families… -
blog
March 7, 2024
Tax Proposals Expected to be in President Biden's Budget Plan
President Biden discussed multiple tax proposals during the State of the Union address to Congress. Several of these proposals appeared in the budget plan he… -
blog
March 6, 2024
State Rundown 3/6: Tax Cuts Aren’t Forever, or for Evers
Anti-tax interests finally found the end of the tax cutting appetite in a few states this week…
-
blog
March 6, 2024
Tax Cuts Fail Again in Kansas and Wisconsin; Lawmakers Should Pivot to Proven Investments
The governors of both Kansas and Wisconsin recently stood up to legislators who tried to push through costly tax cuts that would overwhelmingly benefit the most well-off. Lawmakers in those states and others should shift their focus from expensive, top-heavy tax cuts to tried and true policies that help middle-class and low-income families.
-
blog
March 4, 2024
Moving the Needle Toward Tax Fairness in the States
While many state lawmakers have spent the past few years debating deep and damaging tax cuts that disproportionately help the rich, more forward-thinking lawmakers have improved tax equity by raising new revenue from the well-off and creating or expanding refundable tax credits for low- and moderate-income families.
-
report
February 29, 2024
Corporate Tax Avoidance in the First Five Years of the Trump Tax Law
The Trump tax law overhaul cut the federal corporate income tax rate from 35 percent to 21 percent, but during the first five years it has been in effect, most profitable corporations paid considerably less than that.
-
blog
February 28, 2024
State Rundown 2/28: States Keep Busy While Washington Stalls
State legislative sessions are in full swing with New Jersey and Oklahoma both particularly active this week…
