The Institute on Taxation and Economic Policy
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The Big Corporations That Avoided All Federal Income Taxes on Their 2025 U.S. Profits Would Like Us All to Please Just Look at That Squirrel Over There
April 24, 2026 • By Matthew Gardner
When confronted with the completely accurate observation that their own annual reports disclose an estimated current federal income tax expense of zero on current-year income, the companies will desperately point to something else entirely.
State Rundown 4/23: While Some States Stop Digging, Others Move Full Steam Ahead with Anti-Affordability Agendas
April 23, 2026 • By ITEP Staff
Missouri lawmakers passed legislation that will have residents vote on a proposal at the ballot box. The ask: for them to pay more in sales taxes to offset cuts – and the possible elimination – of the state's individual income tax, which makes up nearly two-thirds of Missouri’s general fund.
The Next Illegal, Costly Tax Cut for the Rich: Indexing Capital Gains
April 21, 2026 • By Steve Wamhoff
Proposals to index taxes on capital gains for inflation would overwhelmingly benefit the richest 1 percent and increase the deficit by nearly $1 trillion over a decade.
While States Debate New Trump Tax Changes, Equity Must Be at the Core
April 20, 2026 • By Brakeyshia Samms
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 Rundown 4/16: Tax Day, a New Millionaires’ Tax and Late Blooming State Tax Action
April 16, 2026 • By ITEP Staff
Yesterday was Tax Day, and with many state legislative sessions wrapping, some tax changes are gearing up or crossing over the finish line.
ITEP in the News
Pittsburgh Post-Gazette: Trump's Tariffs Erased Trump's Tax Cuts
Business Insider: New York Wants to Tax Empty Second Homes. Here's What Happened in Cities That Tried It.
CBS: As Iran War Drives Up Fuel Prices, States Are Hesitant To Suspend Gas Taxes. Here’s Why.
Politico: Oil Company Founded by Energy Secretary Paid No US Taxes Last Year
Fortune: How a Free Tax Filing System From the Government Went From 296,000 Users to Zero in Just One Year
ITEP Work in Action
ITEP Cited in Academic Journal on State Child Tax Credits
Sen. Dick Durbin Comments on Government Funding and Tax Breaks
Ranking Member DeLauro Opening Remarks at Financial Services, General Government Fiscal Year 2027 Appropriations Full Committee Markup
Testimony: ITEP's Miles Trinidad Explains Why Vermont Should Adopt a Wealth Proceeds Tax
Center for American Progress: Stabilizing and Strengthening State Funding for Public Higher Education After the Big Beautiful Bill
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 4/23: While Some States Stop Digging, Others Move Full Steam Ahead with Anti-Affordability Agendas
Missouri lawmakers passed legislation that will have residents vote on a proposal at the ballot box. The ask: for them to pay more in sales…
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
While States Debate New Trump Tax Changes, Equity Must Be at the Core
April 20, 2026 • By Brakeyshia Samms
Tax Break for Ultra-wealthy Investors Takes a Hit in Maine and Oregon
April 15, 2026 • By Nick Johnson
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
