Recent Work by ITEP

State Rundown 4/23: While Some States Stop Digging, Others Move Full Steam Ahead with Anti-Affordability Agendas

April 23, 2026 • By ITEP Staff

Missouri lawmakers passed legislation that will have residents vote on a proposal at the ballot box. The ask: for them to pay more in sales taxes to offset cuts – and the possible elimination – of the state's individual income tax, which makes up nearly two-thirds of Missouri’s general fund.

The Next Illegal, Costly Tax Cut for the Rich: Indexing Capital Gains

April 21, 2026 • By Steve Wamhoff

Proposals to index taxes on capital gains for inflation would overwhelmingly benefit the richest 1 percent and increase the deficit by nearly $1 trillion over a decade.

While States Debate New Trump Tax Changes, Equity Must Be at the Core

April 20, 2026 • By Brakeyshia Samms

States continue to debate whether and how to link their state tax codes to the 2025 federal tax law. This is not just a technical debate.

State Rundown 4/16: Tax Day, a New Millionaires’ Tax and Late Blooming State Tax Action

April 16, 2026 • By ITEP Staff

Yesterday was Tax Day, and with many state legislative sessions wrapping, some tax changes are gearing up or crossing over the finish line.

Tax Break for Ultra-wealthy Investors Takes a Hit in Maine and Oregon

April 15, 2026 • By Nick Johnson

Policymakers in Maine and Oregon wisely said “no” last week to an income tax break for deep-pocketed tech investors and venture capitalists that was expanded in last year’s federal tax bill.

Maine Passes Millionaires’ Tax and Pushes Back on Federal Changes

April 14, 2026 • By Marco Guzman

Maine Gov. Janet Mills on Friday put her seal of approval on a supplemental budget bill that includes a “millionaires’ tax.”

North Carolina, Pushing Tax Cuts on Three Fronts, Risks a Repeat of Kansas Debacle

April 14, 2026 • By Carl Davis

Tax cuts are looming large on the horizon in North Carolina. So large, in fact, that even some traditionally anti-tax voices are starting to get nervous.

At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025

April 14, 2026 • By Matthew Gardner, Spandan Marasini

At least 88 of the largest corporations in America paid $0 in federal income tax for 2025. Corporate tax avoidance has increased at least in part due to President Trump's “One Big Beautiful Bill Act” and the 2017 Tax Cuts and Jobs Act.

State Rundown 4/8: Budget and Tax Packages Take Shape as Sine Die Approaches in Many States

April 8, 2026 • By ITEP Staff

State legislative sessions are wrapping up, and final tax and budget packages are making their way to governors’ desks.

Despite Any Refunds, You’re Probably Paying More Taxes Under Trump While Richest Pay Less

April 8, 2026 • By Steve Wamhoff

For a large majority of Americans, the tax increase resulting from Trump’s tariffs, along with the ending of the health care tax credits, more than offsets any tax cuts provided by OBBBA. The exception is the richest 5 percent of Americans, for whom the net result is a tax cut on average.