August 7, 2025 • By Vanessa Woods
Mississippi policymakers this year took a big step to worsen the state’s racial income and wealth divides by passing a radical plan to eventually eliminate the state’s income tax.
August 7, 2025 • By Vanessa Woods
Maryland is taking aim at income and racial disparities through a revised personal income tax. By raising taxes on high earners and cutting them for most households across racial and ethnic lines, the state is proving that progressive tax policy can drive both equity and revenue.
August 7, 2025 • By Emma Sifre
Last week, President Trump fired the Commissioner of the Bureau of Labor Statistics in apparent retaliation for weak jobs numbers. The move drew sharp criticism for spooking investors and weakening trust in official data. But it also reflects a deeper problem: the ongoing erosion of the federal data infrastructure.
As states prepare for the revenue loss and disruption resulting from the federal tax bill, tax policy is being considered in legislatures across the country.
The Child Tax Credit (CTC) is an important tool to fight child poverty and help families make ends meet. When designed well, it can also make tax systems less regressive. As of 2020, only six states had CTCs. Today, 15 states have CTCs, with many credits exceeding $1,000 per qualifying child.
July 30, 2025 • By Matthew Gardner
Huge executive pay packages are a prime driver of income inequality. Shareholders and the public deserve to know about how CEOs are compensated, but new SEC leadership seems to think otherwise.
July 28, 2025 • By Aidan Davis, Neva Butkus, Marco Guzman
Federal policy choices on tariffs, taxes, and spending cuts will be deeply felt by all states, which will have less money available to fund key priorities. This year some states raised revenue to ensure that their coffers were well-funded, some proceeded with warranted caution, and many others passed large regressive tax cuts that pile on to the massive tax cuts the wealthiest just received under the federal megabill.
Refundable tax credits were a big part of state tax policy conversations this year. In 2025, nine states improved or created Child Tax Credits or Earned Income Tax Credits.
July 24, 2025 • By ITEP Staff
All eyes in statehouses in recent weeks have been on federal budget negotiations, and now that the “megabill” has passed, they are focused in on their own budgets in search of ways to cope with the enormous consequences coming their way. All states will see fewer federal dollars flowing through their coffers, higher needs due […]
July 23, 2025 • By Matthew Gardner
The appropriations plan released by House Republicans this weekend threatens to withhold funding for an obscure but vital financial oversight board because that board now requires corporations to disclose basic information about their income tax payments (or lack thereof).