Institute on Taxation and Economic Policy (ITEP)

January 5, 2026

Public Assets Institute: State of Working Vermont 2025

ITEP Work in Action

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In many ways, 2025 has been a year like no other. Federal actions affecting the state have been fast and furious: freezing grants, eliminating housing supports, withholding or slashing food benefits and heating assistance, decimating healthcare access both by cutting Medicaid and ending enhanced insurance premium tax credits. All of this adds up to hundreds of millions of dollars in lost federal support, both to many individual Vermonters and to the state. The primary objective: to finance tax cuts for corporations and the rich.

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