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Posts on State Budget And Tax
March 15, 2019

States can help reverse the harmful legacy of racism and racial discrimination by changing how they raise and spend money. Robust public investments in schools, health care, and infrastructure can create more opportunities for people of color. One way states can raise the needed revenue is by creating or strengthening “millionaires’ taxes” – higher tax rates at high income levels, as...

White Households Three Times Likelier Than Black and Latinx Households to Be in Top 1%
March 11, 2019

Illinois Governor J.B. Pritzker proposes to replace the state’s regressive flat tax system with a graduated rate structure, which would require a voter-approved constitutional amendment in 2020. Known as the “Fair Tax” plan, it’s a wise course correction to the current...

In Illinois, Lowest-Income Households Pay Highest State and Local Taxes
March 7, 2019

2019 could be a banner year for state Earned Income Tax Credits (EITCs), as governors and lawmakers have introduced proposals to create and expand the credits in at least 26 states this year. Such proposals would supplement the federal EITC’s well-documented, long...

Twenty-Nine States, D.C., and Puerto Rico Have Enacted EITCs as of 2018
March 6, 2019

Protests by teachers and others helped drive substantial school funding increases over the last year in Arizona, North Carolina, Oklahoma, and West Virginia, four states that had cut school “formula” funding — the main state revenue source for schools — the most over the last decade. Still, formula funding remains well below 2008 levels in these states, as we explain in a...

Many States With Deep K-12 Funding Cuts Since Recession Boosted Funding in 2018
March 4, 2019

New York Governor Andrew Cuomo proposes to extend the state’s “millionaires’ tax,” which raises $4 billion a year, for five years, but lawmakers should go further by strengthening the tax and making it permanent.

As our recent report explains,...

New York's Economy Has Outperformed Neighbors Since Millionaires' Tax Took Effect
February 7, 2019

With the 2019 legislative season starting in most states, some states are discussing whether to raise personal income tax rates on their highest-income households (sometimes called a “millionaires’ tax”) to help fund schools, infrastructure, and other public investments. Our...

Most States That Raised Taxes Had Growth Roughly Equaling or Exceeding Neighbors
December 12, 2018

The nation’s wealth is concentrated in the hands of a few (see graphic), and state tax systems have contributed to that concentration as wealthy individuals and corporations used their power to shape state tax policies to benefit themselves. But better state tax policies could help build...

Wealth Heavily Concentrated at the Top
December 10, 2018

With Puerto Rico’s governor signing a major tax package into law today, the Commonwealth is slated to implement a local Earned Income Tax Credit (EITC) in 2019. The EITC is a proven and much-needed tool that should help the Commonwealth combat high levels of poverty (...

Puerto Rico's New EITC Will Boost Working Households' Incomes
November 15, 2018

States and localities can do more to help undo the harmful legacies of racism and the damage of continuing racial bias and discrimination, a major new Center report finds. If state policymakers can design their budget and tax policies to better address these harms and...

November 9, 2018

Voters in a number of states approved ballot measures on Tuesday that should substantially enhance equity and inclusion. As newly elected governors — several of whom campaigned on boosting funding for schools and health — and legislators join with returning lawmakers in January, they should advance policies that ensure everyone has the chance to fulfill their potential regardless of where they...