The Institute on Taxation and Economic Policy
What's New
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…
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.
Low Tax for Whom? California vs Texas
April 1, 2026 • By Cassidy Sheppard
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.
ITEP in the News
The Guardian: Billionaire Fortunes Have Reached All-Time Highs Under Trump. So Has the Movement To Tax Them
The Guardian: Washington State’s ‘Historic’ Millionaire Tax Takes Aim at Super-Rich – Will It Succeed?
Video: ITEP's Amy Hanauer Discusses How to Make the Federal Tax Code Fairer on WHYY
Politico: Governors Forgo Past Response to High Gasoline Prices
Stateline: Gas Prices Rise Again As Some States Consider Tax Holidays
ITEP Work in Action
FACT Coalition: Take the Money and Run – Amidst Oil Price Windfalls, U.S. Oil Majors Continue to Pay Less Tax at Home than Abroad
Brookings: The Caregiving Crisis and the 2026 Vote
Gov. Evers Vetoes Bill Requiring Wisconsin to Opt Into Nationwide Expansion of Private Voucher Schools
Oxfam: The Case for Fairly Taxing the Rich in New York
Economic Policy Institute: How ARPA State and Local Fiscal Recovery Funds Helped Ensure a Swift Post-COVID Recovery
ITEP Videos
Video: ITEP's Amy Hanauer Discusses How to Make the Federal Tax Code Fairer on WHYY
Webinar: The Trump Tax Law’s Effect on State Tax Codes
Video: ITEP's Amy Hanauer Discusses Megabill on BreakThrough News
Across the States
Tax Watch
State Tax Watch 2026
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.
Get weekly updates by signing up for our State Rundown newsletter.
Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
State Rundown 4/1: No Fooling Around Anymore in Washington, But Cruel Pranks in South Carolina
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…
Taxes on Adult-Use Cannabis in Each State
Twenty-three states have legalized the sale of cannabis for general adult use. Every state allowing legal sales applies an excise tax to cannabis based on…
State & Local Tax Policy
State Tax Watch 2026
April 8, 2026 • By ITEP Staff
Low Tax for Whom? California vs Texas
April 1, 2026 • By Cassidy Sheppard
South Carolina’s Expensive, Regressive Tax Law Will Eliminate State’s Income Tax
March 31, 2026 • By Dylan Grundman O'Neill, Neva Butkus
Travelers’ Checks: How to Tax Tourists in States and Localities
March 30, 2026 • By Rita Jefferson
