50 years of property tax limits have done nothing to reduce the cost of housing. Instead, they’ve favored wealthier homeowners and businesses over average Americans while reducing funds for local services. There are better solutions available. itep.org/effects-of-pro…

We just issued our newest report, an update on IRS workforce reductions with insights into how the agency went from 103,000 employees in January 2025 to approximately 77,000 in May 2025 (a 25% reduction). Read the full report: tigta.gov/sites/default/…

Michael R. Strain Constance L Hunter Read the story I wanted to title, “What’s the Matter With Nantucket?” washingtonpost.com/business/2025/…

CBO put out their final distribution analysis of the reconcilation bill yesterday. If you combine those numbers with the most recent The Budget Lab tariff burden estimates, you get a striking result: all income groups but the top decile are made worse off on net.

I’ve been saying since forever that endless film/TV subsidy spending doesn’t build anything sustainable — it just allows a place to rent economic activity until some other place poaches it — and well, here we are wsj.com/business/media…

Glad to see this covered nationally by David Weigel. Along with income tax cuts/elimination and private school voucher tax credits, huge shifts taking place in Republican-led states that will have impacts on public services and who pays taxes.

BREAKING 🧵: Divided appeals court rules against Trump's tariffs. 4 judges appointed by Bush I, Obama, & Biden (2) say IEEPA doesn't allow tariffs. 4 judges app. by Bush II (2) & O(2) -including chief- say it does. 3 judges app. by Clinton & O(2) say it doesn't allow *these*.

The Trump administration is dismantling efforts by the IRS to shut down a slew of aggressive tax shelters used by America’s biggest multinational companies and wealthiest people that was projected to raise more than $100 billion over 10 years. nytimes.com/2025/09/09/bus…

Huge corporations continue to funnel their profits to tax havens and shield their practices from public view. But instead of increasing transparency, some lawmakers in Congress want to dismantle a new reform that would help expose corporate tax dodgers. itep.org/corporate-tax-…

Super smart piece from Kyla Scanlon. “Meds and eds” has been a default city economic development strategy for decades. Not clear what happens when half that strategy goes into decline.

BREAKING: Colorado voters approved a ballot measure that would raise state income taxes on higher-earning households to fund free meals for all public school students. Follow AP for live updates. apnews.com/live/2025-elec…

Breaking news: A judge blocked the IRS from sharing data with immigration enforcement officials, ruling that it violated the law and the rights of tens of thousands of individuals in its attempt to participate in President Trump’s deportation campaign. wapo.st/43IM5oN

In response to the SALT cap, 37 states enacted “passthrough entity taxes” to help business owners sidestep the cap and deduct more. But are PTETs actually consistent with the federal tax code? It’s complicated! We explain in Tax Notes: taxnotes.com/tax-notes-stat…

I spent months talking to many, many people for this long The New Republic post-mortem of the Inflation Reduction Act: What forces created the IRA, and how could it be gutted so unceremoniously? What might come next?