Vermont

We estimate that by 2032, QSBS will be costing states $1.1 billion a year, and since states must balance their budgets, that’s money they can’t use for public services.

A veritable superbloom of tax and budget policies occurred over these last few weeks, including both flowers worth admiring and weeds worth fighting back.

From surcharges on the income of high-earners to higher taxes on second homes, here are recent steps states have taken to tax the rich.

ITEP Policy Analyst Miles Trinidad testified on the need for a Wealth Proceeds Tax in Vermont on April 16, 2026 at the Vermont House Ways and Means Committee.

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 legislative sessions are wrapping up, and final tax and budget packages are making their way to governors’ desks.

This week, troubling revenue projections are making headlines, with many lawmakers scrambling to determine how the tax changes at the federal level, plus price hikes driven by national policy decisions, will impact their states.

ITEP Policy Analyst Miles Trinidad testified on the need for a Wealth Proceeds Tax in Vermont on February 27, 2026 at the Vermont Senate Committee on Finance.  See the slide deck here Watch the video below:

Including NCTI in state corporate tax law is an effective way to neutralize much of the tax avoidance that occurs when multinational companies artificially shift their profits into overseas tax havens.