Recent Work
2195 items
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.” The new tax levies a 2 percent income tax surcharge on income over $1 million ($1.5 million for joint filers and heads of households), making Maine’s tax system fairer while raising revenue to support […]
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.
State Tax Watch 2026
April 8, 2026 • By ITEP Staff
ITEP tracks tax discussions in legislatures across the country and uses our unique data capacity to analyze the revenue, distributional, and racial and ethnic impacts of many of these proposals. State Tax Watch offers the latest news and movement from each state.
Year One of Trump-Republican Tax Policy: The Consequences
April 6, 2026 • By Michael Ettlinger
President Trump has dramatically increased tariff taxes, enacted large tax cuts that primarily benefit the wealthy and corporations, dramatically curtailed IRS enforcement, and issued legally problematic regulations.
State Rundown 4/1: No Fooling Around Anymore in Washington, But Cruel Pranks in South Carolina
April 1, 2026 • By ITEP Staff
In Washington, Gov. Bob Ferguson and lawmakers decided to stop fooling around with one of the nation’s most upside-down tax codes and finally brought to life a new millionaires’ tax, the first new income tax created in a state since 1991.
California Gov. Gavin Newsom went to Texas recently and claimed: “Texas taxes poor folks more than we tax our richest." He’s right.
South Carolina’s Expensive, Regressive Tax Law Will Eliminate State’s Income Tax
March 31, 2026 • By Neva Butkus, Dylan Grundman O'Neill
South Carolina signed into law a regressive tax cut that will disproportionately benefit the state’s highest-income residents while simultaneously jeopardizing the state’s ability to pay for basic public services in the years to come.
Video: ITEP’s Amy Hanauer Discusses How to Make the Federal Tax Code Fairer on WHYY
March 30, 2026 • By Amy Hanauer
You can also see the segment here
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