Recent Work by ITEP

State Rundown 3/18: New Mexico Enacts Most Significant Corporate Tax Reform of the Year

March 18, 2026 • By ITEP Staff

As states lawmakers continue to weigh their linkages to the federal tax code in light of the recent federal tax law, New Mexico provides a blueprint for limiting multinational corporate tax avoidance.

How Four Big Pro-Trump Tech Companies Avoided Taxes

March 17, 2026 • By Steve Wamhoff, Matthew Gardner

The leaders of Alphabet, Amazon, Meta, and Tesla publicly supported Trump to ensure the most favorable corporate tax policies possible. And Trump delivered for them, both in his 2017 tax bill and again in 2025 with the so-called One Big Beautiful Bill Act.

States Should Be Doing More About Corporate Tax Avoidance. New Mexico’s Tax Conformity Law Shows How.

March 17, 2026 • By Carl Davis

On top of declining to fold large federal business tax cuts into state law, New Mexico also took the monumental step of hardening the state’s corporate tax base against offshore profit shifting.

State Rundown 3/12: Washington Lawmakers Pass Millionaires’ Tax, Expand Working Families Tax Credit

March 12, 2026 • By ITEP Staff

Washington is on its way to making history after the legislature approved the “millionaires’ tax,” a 9.9 percent tax on income over $1 million. The bill, which is expected to raise more than $3 billion a year, making significant investments in public education and childcare, will also expand the Working Families Tax Credit – the […]

Analysis of Sen. Chris Van Hollen’s Approach to Tax Policy

March 12, 2026 • By Steve Wamhoff

Sen. Chris Van Hollen has recently introduced the Working Americans’ Tax Cut Act, which offers a generous middle-class tax cut paid for with a new tax on millionaires.

Washington Millionaires’ Tax, Expanded Working Families Tax Credit Make Tax Code Fairer

March 12, 2026 • By Marco Guzman, Dylan Grundman O'Neill

The Washington legislature has approved a new "millionaires' tax," a 9.9 percent tax on income over $1 million. The bill, which makes significant investments in public education and child care, will also expand the Working Families Tax Credit – the state’s EITC – to reach an additional 460,000 households.

The Child Tax Credit Leaves Out Millions of Children in 2026. There Are Better Alternatives.

March 10, 2026 • By Joe Hughes

The 2025 Trump tax law slightly increased the Child Tax Credit in a way that benefits virtually none of the children who most need help.

Governor Should Put New Mexico’s Tax Interests First

March 6, 2026 • By Amy Hanauer, Amber Wallin

By decoupling from three misguided federal corporate income tax cuts under the One Big Beautiful Bill, plus taking steps to curb unfair corporate tax avoidance, SB 151 would raise and safeguard more than $120 million annually.

State Rundown 3/4: Budget Realities Set In

March 4, 2026 • By ITEP Staff

As many state legislative sessions near or cross the halfway point, lawmakers are facing tough choices.

New Income Tax Disclosure Rules Mean Halliburton Can No Longer Conceal Its Offshore Tax Avoidance

March 2, 2026 • By Matthew Gardner

The company’s latest annual report throws the doors wide open once again on Halliburton’s penchant for offshoring its profits to tax havens, thanks to terrific new disclosure rules introduced by an obscure but vital agency, the Financial Accounting Standards Board (FASB).