State Budget and Tax

Budget and Tax Reform Tax Credits for Individuals and Families Fiscal Recovery Funds in the American Rescue Plan

Blog Series

Tracking the Fallout From State Tax Cuts

May 29, 2024

States have gone on a tax-cutting spree in recent years. More than half have slashed income taxes for wealthy people and corporations, in some cases by extraordinary amounts. Communities are starting to feel the combined effects of large tax cuts, costly new school voucher programs, and other factors such as expiring federal fiscal aid.

States Can Enact or Expand Child Tax Credits and Earned Income Tax Credits to Build Equitable, Inclusive Communities and Economies

March 3, 2023

Report

Advancing Racial Equity With State Tax Policy

November 15, 2018

Policy Basics

State Budgets Basics

May 24, 2022

Report

States Can Fight Corporate Tax Avoidance by Requiring Worldwide Combined Reporting

June 27, 2024 | Michael Mazerov

Report

States Should Enact, Expand Mansion Taxes to Advance Fairness and Shared Prosperity

June 26, 2024 | Samantha Waxman, Carl Davis and Erika Frankel

Report

Black Women Best Framework Points the Way to Equitable and Just State Tax Reform

April 17, 2024 | Whitney Tucker

Blog

Tax Day 2024: Five State Tax Trends to Watch

April 10, 2024 | Wesley Tharpe

Blog

Lawmakers Should Reverse Course on Irresponsible Tax Cuts and Continue Positive Momentum on Reforming Criminal Legal Fees

April 3, 2024 | Michael Mitchell

Policy Brief

States Can Fight Corporate Tax Avoidance by Requiring Worldwide Combined Reporting

March 29, 2024 | Michael Mazerov

New on this Topic

Blog

Kentucky Legislators Admit Plan to Eliminate Income Tax Doesn’t Add Up, Abandon Efforts

June 12, 2024

Blog

States Should Make Tax Filing Easier for Millions by Participating in Direct File

June 6, 2024

Blog

States Should Reverse Course on Defunding Public Education Through Private School Vouchers and Property Tax Cuts

June 3, 2024

Blog

Tracking State Disinvestment in Public Services

May 30, 2024

Blog

Ohio Governor Says Tax Cuts Are Causing Revenue Shortfall

May 30, 2024

Blog

West Virginia Temporarily Averts Medicaid Crisis, But Income Tax Cuts Threaten Future Funding

May 30, 2024

Policy Basics

State and local governments provide most funding for K-12 education, public colleges and universities, health care, transportation, public safety, and other services.

They finance these services mainly through income and sales taxes and fees. We analyze budget and tax policies and work with state officials and state-based nonprofits to develop policies that address the needs of families with low incomes.

Federal Aid to State and Local Governments

Property Tax Caps

State and Local Borrowing

State Budgets Basics

State Earned Income Tax Credits

State Supermajority Rules to Raise Revenues

Taxpayer Bill of Rights (TABOR)

Where Do Our State Tax Dollars Go?

View All Policy Basics

Experts

States Can Fight Corporate Tax Avoidance by Requiring Worldwide Combined Reporting

To reduce their federal corporate income taxes, every year large multinational corporations shift hundreds of billions of dollars in profits earned in the United States onto the books of...

States Should Enact, Expand Mansion Taxes to Advance Fairness and Shared Prosperity

A historically large share of the nation’s wealth is concentrated in the hands of a few, a reality glaring in the housing sector. High-value homes in many parts of the country have grown even...

Kentucky Legislators Admit Plan to Eliminate Income Tax Doesn’t Add Up, Abandon Efforts

Kentucky Speaker of the House David Osborne admitted in late May that state Republicans’ plan to eliminate the personal income tax doesn’t add up. He said the General Assembly will abandon...

States Should Make Tax Filing Easier for Millions by Participating in Direct File

June 11, 2024: This post has been updated.On May 30, the IRS announced that following the success of the federal Direct File pilot, the Direct File option will be...

States Should Reverse Course on Defunding Public Education Through Private School Vouchers and Property Tax Cuts

During this year’s legislative sessions, at least one in three states are considering or have enacted school voucher expansions alongside broad, untargeted property tax cuts. Over half of...

Tracking State Disinvestment in Public Services

As states’ 2024 legislative sessions continue, several states are beginning to experience the fallout from counterproductive fiscal policy decisions made over the past few years. The...

Mississippi Credit Downgrade Sends a Warning to All States About Cutting Taxes

S&P Global Ratings lowered Mississippi’s credit outlook from stable to negative amid concerns about phased-in tax cuts, slowing revenue growth, and debt held by the state’s pension plan....

West Virginia Temporarily Averts Medicaid Crisis, But Income Tax Cuts Threaten Future Funding

West Virginia temporarily avoided a health care funding crisis after Gov. Jim Justice demanded legislators restore funding for the state’s Medicaid program. Lawmakers initially slashed...

Ohio Governor Says Tax Cuts Are Causing Revenue Shortfall

Ohio Gov. Mike DeWine said that a series of recent tax cuts, which provide an outsized benefit to the wealthy and corporations, are one of the driving factors behind lower-than-projected...

"Tough-on-Crime" Bills in Louisiana and Kentucky Are Harmful, Costly Steps in the Wrong Direction; State Lawmakers Should Prioritize Policies That Will Actually Improve Public Safety

Lawmakers in both Kentucky and Louisiana have adopted antiquated "tough-on-crime" bills that will put more people behind bars and keep them there longer. These bills take an ineffective approach to...

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