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blog
June 5, 2023
The Real Impact of State Tax Cuts
This op-ed was originally published by Route Fifty and co-written by ITEP State Director Aidan Davis and Center on Budget and Policy Priorities Senior Advisor… -
blog
June 1, 2023
Debt-Limit Deal’s Provision to Let Tax Cheats Off the Hook Will Increase the Deficit
The latest debt-limit bill in Congress includes a provision to claw back important IRS funding meant to crack down on wealthy tax cheats. This cut in funding would actually increase the deficit while continuing the rig the system in favor of the most well-off.
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blog
June 1, 2023
State Rundown 6/1: State Revenue Highs and Lows
Short-sighted tax cuts continue to make their way to Governors’ desks this week. In Florida, Gov. DeSantis signed a $1.3 billion tax cut package with $550 million of the tax cuts from sales tax holidays, alone. The Nebraska legislature also sent $6.4 billion in tax cuts to Gov. Pillen’s desk which includes an enormous personal income tax cut that will reduce taxes on the top 1 percent by tens of thousands of dollars.
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blog
May 25, 2023
Congress Should Consider Attaching Work Requirements to the Biggest Tax Break for the Rich
Instead of focusing on low-income people who are already mostly employed or facing significant barriers to employment, lawmakers who want to encourage labor force participation should revisit existing tax breaks subsidizing wealthy individuals who live off their assets rather than work.
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blog
May 24, 2023
State Rundown 5/25: The North Star State Leads the Way on Tax Fairness
As we approach the midpoint of 2023, it’s a good time to look back at the progress states have made in the name of tax fairness and equity…
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map
May 19, 2023
Circuit Breakers and Other Income-Based Property Tax Programs in 2023
No tax cut offers a more targeted solution to property tax affordability problems than circuit breaker credits. This is because circuit breakers are the only… -
blog
May 18, 2023
State Rundown 5/18: Credits, Cuts, and Corporate Revenue Raisers
This past week, in statehouses around the country, tax policy decisions are moving fast as budgets were signed and budget plans were released and passed…
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blog
May 11, 2023
States are Talking About the Wrong Kind of Property Tax Cuts
Concerns over property tax affordability have been at the forefront this year as housing prices have climbed and property tax bills have often increased along with them. As lawmakers mull a range of property tax cuts, circuit breakers are the best possible approach—and these policies are receiving far too little attention in the states.
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report
May 11, 2023
Preventing an Overload: How Property Tax Circuit Breakers Promote Housing Affordability
Circuit breaker credits are the most effective tool available to promote property tax affordability. These policies prevent a property tax “overload” by crediting back property taxes that go beyond a certain share of income. Circuit breakers intervene to ensure that property taxes do not swallow up an unreasonable portion of qualifying households’ budgets.
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blog
May 10, 2023
State Rundown 5/10: Momentum on State Tax Credits Continues to Build
This week, in states across the country the momentum to center improvements to family economic security remains strong…
