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report
January 25, 2022
Revenue-Raising Proposals in the Evolving Build Back Better Debate
The United States needs to raise more tax revenue to fund investments in the American people. This revenue can be obtained with reforms that would require the richest and wealthiest Americans to pay their fair share to support the society that makes their fortunes possible.
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blog
January 20, 2022
State Rundown 1/20: Governors Eyeing Tax Cuts in Yearly Addresses
A common theme is emerging out of states, as governors around the U.S. begin the year with their annual state speeches, and the news does not bode well for long-term growth and sustainable budgets…
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blog
January 19, 2022
Mississippi Is the Latest in a String of States Pursuing Short-Sighted, Top-Heavy Tax Cuts
Not only is Mississippi’s latest tax proposal deeply inequitable, the state simply cannot afford it.
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blog
January 14, 2022
The Compelling Data and Moral Case for Continuing the Child Tax Credit Expansion
In just six short months, the enhanced Child Tax Credit (CTC), enacted as part of the American Rescue Plan (ARP), decreased the number of children living in poverty by 40 percent. ITEP estimated that the lowest-income 20 percent of households with children would receive a 35 percent income boost from this policy alone in 2021. This is a meaningful, life-changing sum.
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blog
January 13, 2022
State Rundown 1/13: The Tax Cuts Cometh, But There Is a Better Way
As expected, with the start of many new legislative sessions around the country, lawmakers have introduced a slew of tax cut plans following better-than-expected budget outlooks that have, so far, weathered the impact of the pandemic…
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blog
January 13, 2022
The Problem with Returning to a $2,000 Non-Refundable Child Tax Credit
Prior to last year, more than one in three children lived in households with incomes too low to receive the full $2,000 credit because it is not fully refundable. This means earnings requirements and other limits reduce the amount tax filers can receive as a refund. In fact, the maximum refundable portion is reduced to $1,400 (less than half of the maximum refundable credit available in 2021).
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blog
January 11, 2022
School’s In: Tackling College Affordability Through State Tax Codes
Given that a sweeping federal solution to the college affordability crisis does not appear to be on the immediate horizon, it is even more important that states take whatever steps they can to expand college access and affordability. While most of that effort will need to occur on the spending side of the ledger—such as through lowering tuition costs, expanding financial aid, or perhaps even funding free college outright—tax policy also has a role to play.
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blog
January 10, 2022
The New Trend: Short-Sighted Tax Cuts for the Rich Will Not Grow State Economies
The same legislators who touted tax cuts for the rich as solution to our problems before the pandemic are also saying tax cuts for the rich are a solution during the pandemic. Tax cuts cannot be a solution to everything, especially at a time when the richest Americans are amassing more wealth than ever.
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blog
January 10, 2022
Investing in a Joint Future: Harnessing State Tax Codes
Rather than resorting to tax cuts, which can eventually create revenue shortfalls, lawmakers should determine whether they have adequately invested in people and communities. There are better ways to leverage tax systems to help those who need it most.
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blog
January 5, 2022
The Pendulum Is Swinging Toward Tax Justice
Tax justice is deeply connected to the movements for equality and racial justice. Progressive tax policy can ensure more of us share in the prosperous economy that our collective tax dollars make possible. It can mitigate economic disparities by class and race. And it can make sure the government has the resources it needs to function for all of us.
