
November 7, 2024
An initiative to repeal Washington’s capital gains tax, which levies a 7% tax on the sale or exchange of long-term assets like stocks, bonds and business interests, was defeated Tuesday. Read more.
October 17, 2024 • By Rita Jefferson
Next month, voters across the country will weigh in on many local ballot measures that will have a profound effect on the adequacy of our local tax systems and whether cities and communities can fund public needs. These are in addition to statewide ballot questions, many of which have local implications this year.
October 17, 2024 • By Jon Whiten
As we approach November’s election, voters in several states will be weighing in on tax policy changes. The outcomes will impact the equity of state and local tax systems and the adequacy of the revenue those systems are able to raise to fund public services.
October 16, 2024
The impending expiration of large portions of the 2017 Tax Cuts and Jobs Act at the end of 2025 presents federal policymakers with a significant opportunity to reform the federal tax code in the United States. Too often, political openings for pro-growth tax reform have instead been transformed into opportunities to introduce new tax cuts for those at the top of the income and wealth distribution. Proponents of these tax cuts usually defend their actions by invoking a now-widely discredited “trickle-down” theory of economic growth.
September 18, 2024 • By ITEP Staff
As the dust settles...
The IRS has opened its free tax filing service called Direct File to every state for the 2025 tax filing season. Direct File was made possible by President Biden’s Inflation Reduction Act, which provided new resources for the IRS to improve customer service and ensure taxpayers claim the benefits and deductions for which they are […]
August 26, 2024 • By ITEP Staff
As Development Manager, Steven manages ITEP’s fundraising strategy and activities, helping to grow and sustain the organization. Prior to joining ITEP, Steven served as Development Coordinator at the National Low Income Housing Coalition, where he managed relations with donor partners and collaborated closely with senior staff on development activities. He previously worked as a Development […]
August 12, 2024
Next year is likely to see the biggest battle over the taxation of corporations in nearly a decade, a multifront engagement that will pit free marketers and big business against Democrats and populists. The corporate tax rate is set to be a point of negotiation in a historic “fiscal cliff” scheduled for next year, when the individual portions of the Trump tax cuts expire.
August 8, 2024 • By ITEP Staff
Whether they’re in a special session, gearing up for one, or prepping for 2025, states around the country are focusing on important tax fights...
August 5, 2024
In 2010, as the country still reeled from the worst economic crisis since the Great Depression, tech companies, real estate developers and rural lobbyists went to the state Capitol in Olympia, Washington, to press for a tax break for data centers.
July 3, 2024
State government could raise as much as $180 million annually to combat homelessness or address other social needs by boosting its tax on the sale of high-value houses, according to a recent report from two Washington fiscal think tanks.
June 26, 2024 • By ITEP Staff
Many families are heading out on summer vacations, but legislators across the country are heading back to statehouses for special sessions...
June 20, 2024
State leaders in Massachusetts and Washington are learning it’s hard to predict how much money their taxes on millionaires and billionaires will rake in.
May 22, 2024 • By ITEP Staff
State legislatures are wrapping up, but don’t stray too far from your state capital or you’ll miss out on the action...
May 9, 2024 • By Eli Byerly-Duke
As Iowa lawmakers change the state’s graduated personal income tax to a single flat rate, they are designing a state tax code where the rich will pay a lower rate overall than families with modest means.
April 25, 2024
Maybe California is not such a high tax state after all — at least for lower income families. “For families of modest means, California is not a high tax state,” says a new study from the Institute on Taxation and Economic Policy, a liberal Washington research group. Read more.
April 17, 2024 • By ITEP Staff
Happy (belated) Tax Day!
March 28, 2024 • By Joe Hughes
While funding cuts to the IRS may have been necessary as a political matter to avoid harmful agency shutdowns, they are severely misguided as a policy matter. By all serious accounts, cuts to IRS funding increase the deficit due to uncollected taxes – mostly from big businesses and the very wealthy.
Many state legislative sessions are in the final stretch...
March 12, 2024
President Joe Biden’s child tax credit plan would benefit millions of California parents, saving eligible families an average of $2,980, according to data from Washington’s Institute on Taxation and Economic Policy.
Anti-tax interests finally found the end of the tax cutting appetite in a few states this week...
While many state lawmakers have spent the past few years debating deep and damaging tax cuts that disproportionately help the rich, more forward-thinking lawmakers have improved tax equity by raising new revenue from the well-off and creating or expanding refundable tax credits for low- and moderate-income families.
March 4, 2024
Supporters of a Washington resident-backed initiative trying to officially eliminate personal income taxes in the state got their first hearing before the legislature on Tuesday. Washington residents haven't paid personal income taxes in almost a century thanks to a 1933 decision by the state Supreme Court, but those backing Initiative 2111 want to make sure that things stay that way, cementing the existing practice into law. I-2111 would prohibit state, counties, cities, and other local jurisdictions from imposing or collecting income taxes.
State legislative sessions are in full swing with New Jersey and Oklahoma both particularly active this week...
February 22, 2024 • By ITEP Staff
With many state legislatures now in full swing with activity heating up, some tax cut proposals have lost steam...