497 results found for "tax flight"

Don’t wait till later to talk about school funding

…is a done deal. But Vermont voters and taxpayers will have the final say, and they don’t have enough information yet to make that decision. Last year’s education reform train…

Medicaid cuts will hurt schools

…in funding while serving the same number of low-income students and providing the same services. OBBBA also caps taxes on health care providers and payers and prohibits new provider taxes,…

Vermont responds to ICE

…being invested in expanded immigration enforcement and detention facilities while the safety net is being cut to provide tax cuts to the rich. Hundreds of Vermonters showed up in South…

Try looking from the other side

…at least one cut its music program. What these budget votes will mean for taxpayers is a mystery because the Legislature hasn’t set the tax rates. There has been talk…

Federal cuts: lower taxes for the wealthy, fewer services for everyone else

While this is not a comprehensive picture of everything in the 2025 federal
reconciliation bill, these are some of the biggest impacts. Vermont will pay $1
billion less in federal taxes each year, with $440 million going to the top 5%.
Meanwhile, Vermonters are facing cuts to critical services like food assistance,
healthcare and housing.

Kicking the tax can

…School tax rates are determined by per-pupil spending. But from year to year, spending and tax rates don’t necessarily track one another. For one thing, property taxes are the shock-absorbers…

The governance debate is about more than maps

…spending is a useful metric. It’s helpful in assessing the fairness of the tax system and the distribution of education funds. But there are other metrics to consider—like student performance,…

Resources for tracking federal policy changes

…2017 tax cuts with some additional changes. In addition to making corporate tax breaks permanent and changing tax rates and brackets to primarily cut taxes for the wealthiest, the law…

Statement on Gov. Phil Scott’s Jan. 20, 2026 Budget Address

…new reality requires a new approach to revenue. Vermont, along with the other states, are going to need to reclaim the money used to provide federal tax cuts to the…

Estimated tax savings from extending the Tax Cuts and Jobs Act, by income percentile, Vermont, 2026

The federal cuts to government benefits and services financed bigger tax breaks for the wealthiest Americans. The One Big Beautiful Bill Act (OBBBA) passed in July permanently extended and expanded many of the tax cuts from the Tax Cuts and Jobs Act of 2017. These new cuts will provide over $700 million in tax savings each year to the richest 20 percent of Vermonters. The top 1 percent will save an annual average of nearly $60,000, twice the earnings of a Vermonter working full time for minimum wage.   

Vermont state and local taxes as a share of family income, by tax, by quintile, 2024

Vermont’s state and local tax system is less regressive than most states’, but middle-income Vermonters still pay a bigger share in taxes than the richest. Vermonters pay taxes in three big categories: on income, consumption, and property. The state income tax is progressive (higher-income Vermonters pay a bigger share of their income), while the sales tax is regressive—it takes a bigger bite out of lower-income people’s budgets. Property taxes are progressive up to the middle level of income and become regressive at the high end.

Estimated Medicaid and CHIP enrollment as a percentage of county population, 2025

In addition to the pending loss of the enhanced tax credits, states are facing significant cuts to Medicaid under the reconciliation bill Congress passed in July, amounting to the loss of hundreds of millions of federal dollars to Vermont’s budget each year. More than 170,000 Vermonters across the state are covered through Medicaid, and estimates suggest 10 percent could lose healthcare.