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Lessons From 4 States That Boosted Tax Equity (Common Dreams)

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Lessons From 4 States That Boosted Tax Equity – By Jon Whiten (Common Dreams) / March 9, 2024

Lawmakers seeking fair tax systems based on the ability to pay have many options.

While many state lawmakers have spent the past few years debating deep and damaging tax cuts that disproportionately help the rich, more forward-thinking lawmakers have improved tax equity by raising new revenue from the well-off and creating or expanding refundable tax credits for low- and moderate-income families.

Many of these positive developments are quantified in the appendices of the Institute on Taxation and Economic Policy’s (ITEP) recent Who Pays? report, where we created alternative analyses to show the distribution of a state’s tax system before and after certain policy changes.

As the transformations below illustrate, upside-down state and local tax codes are not a given. Lawmakers seeking equitable tax systems based on the ability to pay have many options.

CONTINUE > https://www.commondreams.org/opinion/4-states-boosted-tax-equity

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