The Institute on Taxation and Economic Policy
What's New
State Rundown 8/13: Income Tax Elimination Fails in Missouri
August 13, 2026 • By ITEP Staff
In a win for Missouri workers and families, voters overwhelmingly rejected a proposed amendment that would have allowed lawmakers to replace the state's income tax with increased or expanded sales taxes.
Child Tax Credits and Child and Dependent Care Credits: What’s the Difference?
August 13, 2026 • By Maddie Brown Shirley
Three popular state tax credits support families with children: the Child Tax Credit (CTC, or child credit), the Child and Dependent Care Tax Credit (CDCTC, or dependent care credit), and the Earned Income Credit (EITC). While the EITC is intended to boost wages for low- and moderate-income workers and families,…
Trump Weighs Another Giveaway to the Wealthy With Capital Gains Indexing Ahead of Midterms
August 12, 2026 • By Jon Whiten
Trump is once again weighing a proposal to index capital gains taxes to inflation as part of a set of policy promises ahead of the midterm elections. It would amount to a massive new tax break for wealthy investors.
How Federal Tax Policy Can Address AI
August 10, 2026 • By Steve Wamhoff, Joe Hughes, Erika Frankel
Congress could use its taxing power to ensure a fairer distribution of the fruits of labor, innovation and investment, address the specific harms (the negative externalities) of AI specifically, and acquire a public stake in the companies that are driving the AI revolution.
New Yorkers, Please Pay Your City Income Taxes: Why the Pied-à-Terre Tax Rollout Is Not Worth a Meltdown
August 7, 2026 • By Rita Jefferson
The news coverage of the second home tax has been disconnected from the real living conditions for the millions of New Yorkers who don’t own a second (or third, or fourth) home.
ITEP in the News
Video: ITEP's Miles Trinidad Talks Sales Tax Holidays on Texas' 'Capitol Tonight' Show
St. Louis Post-Dispatch: After Missouri Voters Reject Income Tax Plan, Governor Says He'll Still Work to Cut Taxes
Daily Press: Editorial: Tax-free weekends are bad policy but don’t tell Virginians
Nevada Current: Lombardo says he’s powerless to address affordability
Bloomberg News: Microsoft's US Taxes Drop, Revenue Jumps After Trump Cuts
ITEP Work in Action
ITEP Cited in Lawsuit Filed by Advocates and 18 State Attorneys General to Stop IRS-ICE Data Sharing
Center for American Progress: Americans Pay the Price for Trump’s War While Oil and Gas Companies Get Rich
Idaho Center for Fiscal Policy: How the One Big Beautiful Bill’s Tax Changes Impact Idaho Families
Economic Opportunity Institute: What the Millionaires Tax would mean for Washington
Senator Elizabeth Warren: Warren, King Seek Data on Tax Break for Ultra-Wealthy Expanded by Republicans in One Big Beautiful Bill
ITEP Videos
Video: These airlines avoided almost all federal income taxes in 2025.
Video: The Trump administration wants to restrict tax credits for lawfully present immigrants.
Video: Why are states handing out billions in tax breaks to data centers?
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.
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Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
Which States Have Sales Tax Holidays in 2026?
Twenty states have sales tax holidays on the books in 2026, two more than last year. The combined annual cost to state and local budgets…
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
Child Tax Credits and Child and Dependent Care Credits: What's the Difference?
August 13, 2026 • By Maddie Shirley
New Yorkers, Please Pay Your City Income Taxes: Why the Pied-à-Terre Tax Rollout Is Not Worth a Meltdown
August 7, 2026 • By Rita Jefferson
Missouri Voters Reject Amendment 5 and a Damaging Tax Shift onto Working Families
August 4, 2026 • By Eli Byerly-Duke, Jon Whiten
Congressional Republicans Say D.C. Shouldn’t Be Allowed to Run Its Own Tax System
July 23, 2026 • By Matthew Gardner
