The Institute on Taxation and Economic Policy
What's New
Maine Passes Millionaires’ Tax and Pushes Back on Federal Changes
April 14, 2026 • By Marco Guzman
Maine Gov. Janet Mills on Friday put her seal of approval on a supplemental budget bill that includes a “millionaires’ tax.” The new tax levies a 2 percent income tax surcharge on income over $1 million ($1.5 million for joint filers and heads of households), making Maine’s tax system fairer…
North Carolina, Pushing Tax Cuts on Three Fronts, Risks a Repeat of Kansas Debacle
April 14, 2026 • By Carl Davis
Tax cuts are looming large on the horizon in North Carolina. So large, in fact, that even some traditionally anti-tax voices are starting to get nervous.
At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025
April 14, 2026 • By Matthew Gardner, Spandan Marasini
At least 88 of the largest corporations in America paid $0 in federal income tax for 2025. Corporate tax avoidance has increased at least in part due to President Trump's “One Big Beautiful Bill Act” and the 2017 Tax Cuts and Jobs Act.
State Rundown 4/8: Budget and Tax Packages Take Shape as Sine Die Approaches in Many States
April 8, 2026 • By ITEP Staff
State legislative sessions are wrapping up, and final tax and budget packages are making their way to governors’ desks.
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…
ITEP in the News
Stateline: A New Gold Rush: States Stockpile Bars, Encourage Gold-Backed Debit Cards
The American Prospect: Live Tax-Free and Die
NPR: She Paid Into Medicare for Years. Trump’s Immigration Policy Will End Her Coverage
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?
ITEP Work in Action
Missouri Budget Project: Ill-Conceived Tax Proposals Would Increase Taxes for Most Missourians, Damage Communities & Economy
Every Texan: Two Property Tax Plans, One Fiscal Reality
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
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.
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Learn more about state taxes across the country, read Who Pays?
State Rundown & On the Map
On the Map
State Rundown 4/8: Budget and Tax Packages Take Shape as Sine Die Approaches in Many States
State legislative sessions are wrapping up, and final tax and budget packages are making their way to governors’ desks.
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
Maine Passes Millionaires' Tax and Pushes Back on Federal Changes
April 14, 2026 • By Marco Guzman
North Carolina, Pushing Tax Cuts on Three Fronts, Risks a Repeat of Kansas Debacle
April 14, 2026 • By Carl Davis
State Tax Watch 2026
April 8, 2026 • By ITEP Staff
Low Tax for Whom? California vs Texas
April 1, 2026 • By Cassidy Sheppard
