Recent Work
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Long-term troubles for this country and this planet now demand our attention. Progressive tax policy would transform our ability to tackle them.
State Rundown 4/13: Recent State Budgets Prove Not All Tax Cuts are the Same
April 13, 2022 • By ITEP Staff
Two prominent blue states made headlines this past week when they passed budget agreements that include relief for taxpayers, and fortunately, the budget plans don’t include costly tax cuts that primarily benefit the wealthy...
Last week we highlighted how several states were pushing through regressive tax cuts as their legislative sessions are coming to a close. Well, this week many of those same states took further actions on those bills and it’s safe to say we’re even less impressed than before...
President Biden’s Proposed Billionaires’ Minimum Income Tax Would Ensure the Wealthiest Pay a Reasonable Amount of Income Tax
April 6, 2022 • By Steve Wamhoff
The Billionaires’ Minimum Income Tax included in President Biden's budget plan would limit an unfair tax break for capital gains income and complement proposals the president has offered previously to limit other tax breaks for capital gains.
Frequently Asked Questions and Concerns About the President Billionaires’ Minimum Income Tax
April 6, 2022 • By Steve Wamhoff
Find the answers to some frequently asked questions about President Biden's Billionaires’ Minimum Income Tax, which would limit very wealthy individuals’ ability to put off paying income taxes on capital gains until they sell assets.
Punitive Fines and Fees Are an Invisible Cost of State Tax Cuts
April 4, 2022 • By Jenice Robinson
The deck is stacked against those who have the least, and ongoing racism makes it even more difficult for people of color to avoid punitive systems that are intentionally structured to extract what, for poor people, can be usurious penalties. The nation collectively shrugs about such injustices because they are either invisible or we chalk up entanglements in any legal morass to personal behavior. But the truth is that, indirectly, we are all part of the fines-and-fees matrix that entraps poor people in debt or keeps them tethered to the criminal justice system. None of us should look away.
Racial Discrimination in Home Appraisals Is a Problem That’s Now Getting Federal Attention
March 31, 2022 • By Brakeyshia Samms
With both assessments and appraisals being unfair, homeowners of color are stuck between a rock and a hard place when it comes to determining the worth of what is, for most homeowners, their most valuable asset.
Several states have dropped a few late-session surprises, and from the looks of it, they’re not the good kind...
New ITEP Report Explains How the Biden Administration Can Act on Its Own to Fix Our Tax Code
March 25, 2022 • By Steve Wamhoff
The Biden administration should revise regulations from the TCJA to enforce the law as it was written and passed by Congress, not as big banks and multinational corporations have lobbied for it to be enforced.
Excess Profits Tax Proposals Meet the Moment, But Lawmakers Should Keep Their Eye on Fundamentally Fixing Our Corporate Tax
March 25, 2022 • By Steve Wamhoff
New corporate tax proposals address the current situation, but ultimately leaders in Washington must fix federal law to tax all corporate profits and stop the tax dodging that is rampant today.
What the Biden Administration Can Do on Its Own, Without Congress, to Fix the Tax Code
March 25, 2022 • By Steve Wamhoff
The Biden administration has several options to address tax reform even when Congress is unable or unwilling to help.
Women’s History Month is a Reminder that Sensible Tax Policy is Central to Women’s Economic Security
March 24, 2022 • By Brakeyshia Samms
Women’s History Month is a chance to remember what happens for women when tax policy becomes more progressive, boosts income, and helps make raising a family more affordable.
Spring is around the corner and like those pesky allergies that come along with it, equally pesky tax proposals continue to pop up in states across the U.S....
New Hampshire Fiscal Policy Institute: Expansions of the Earned Income Tax Credit and Child Tax Credit in New Hampshire
March 23, 2022 • By ITEP Staff
Prior to the temporary expansions, nearly one in five likely eligible Granite Staters did not claim the EITC, and approximately 7,745 children were estimated to be eligible for the CTC while the credit was not claimed on their household’s tax return. The potential under enrollment in key assistance programs, along with underutilization of the EITC […]
Arizona Ruling Preserves High-Income Interests Over Education Investments, Popular Vote
March 17, 2022 • By Marco Guzman
An Arizona court decision delivered an unfortunate blow to voters and those in the state who favor a progressive, adequate tax system that can fund critical priorities including K-12 education.
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