Institute on Taxation and Economic Policy

Recent Work

2077 items
State Rundown 9/18: Lawmakers Confront Revenue Loss from Federal Policy Changes

Some states are trying to avoid revenue loss while others are welcoming it and doubling down.

Child Poverty Remains Unacceptably High, New Federal Changes Unlikely to Move Needle

By not extending the 2021 temporary Child Tax Credit expansion, federal lawmakers have allowed the number of children and families in poverty to increase and remain unnecessarily high.

IRS Enforcement Boost Was Supposed to Last 10 Years. Congress Killed It in Under Three.

The IRS was set to overhaul how it audits the ultra-rich. Now most of that funding is gone.

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Corporate Tax Transparency’s Disappearing Act

September 12, 2025 • By Spandan Marasini

Corporate Tax Transparency’s Disappearing Act

What currently stands in the way of better corporate tax transparency.

State Earned Income Tax Credits Support Families and Workers in 2025

Nearly two-thirds of states now have an Earned Income Tax Credit (EITC). Momentum continues to build on these credits that boost low-paid workers’ incomes and offset some of the taxes they pay, helping lower-income families achieve greater economic security.

State Child Tax Credits Boosted Financial Security for Families and Children in 2025

Child Tax Credits (CTCs) are effective tools to bolster the economic security of low- and middle-income families and position the next generation for success.

President Trump is Still Lying About Ending Taxes on Social Security

Why is Trump saying that he has eliminated taxes on Social Security?

Making the Wealthy Pay their Fair Share is the Way to Preserve Vacation Towns

Rhode Island lawmakers created a new surcharge on second homes worth more than $1 million as part of the budget enacted this spring.

Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congress

A drafting error in the 2017 tax law will cost U.S. taxpayers over $1 billion in unintended tax cuts for big multinationals.

State Rundown 9/4: Colorado Tackles Offshore Corporate Tax Avoidance, Paves Way for State Conformity Best Practices

Despite an increasingly bleak state revenue outlook, state lawmakers across the country continue to prioritize regressive tax cuts.

Colorado Lawmakers Help Fill Trump-Induced Shortfall by Tackling Offshore Corporate Tax Avoidance 

As the Trump megabill blows holes in state budgets, Colorado is leading with reforms to curb offshore tax avoidance and roll back wasteful corporate subsidies.

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Dismantling Access to the Truth is a Big Deal

August 25, 2025 • By Erika Frankel

Dismantling Access to the Truth is a Big Deal

As federal data systems erode, the U.S. risks losing the impartial information needed for sound policymaking and public trust.

The Trump Megabill Hands the Rich a Gift — and Sends the Bill to Young Americans

Trump's megabill directs most benefits to the wealthy, while leaving younger generations with higher taxes, more debt, and fewer opportunities. For Millennials and Gen Z, it means reduced public investment and an economy less likely to work in their favor.

SALT in the Wound: New Tax Law’s Limit on State Tax Deductions Exempts Some of the Very Wealthiest

The new tax law enacted last month found a temporary compromise on the level of the cap, boosting it to $40,000 through 2029, but failed to fix a loophole that allows some rich taxpayers with good accountants to completely avoid the cap

State Rundown 8/20: States to Face Serious Conformity, Revenue Issues as Summer Ends

While tax news has slowed as summer comes to an end, there are rumblings beneath the surface that could be an inauspicious sign of the times ahead for states and state budgets.

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