Economic Opportunity Fundes Annual Budget and Tax Briefing

Public budgets and the revenue systems that support them are some of the most important policy instruments of our government. They reflect our values and priorities through decisions on how to tax residents and businesses and spend these collective resources. These decisions impact what families have to spend on basic needs and invest in their future, define the size of the government and its role in the national economy, and affect the lives of all Americans.

A solid understanding of budget and tax policy within our current political and economic climate is crucial for anyone working in philanthropy.

Since 2004, EOF has hosted an Annual Budget and Tax Briefing to provide funders with the opportunity to learn about and discuss pressing political developments, federal and state budget and tax battles and opportunities, and how the current landscape impacts families, workers, and communities.

The 2025 Annual Budget and Tax Briefing will be held in March 2025.  Date to be announced this summer.  Stay tuned!

2024 Budget and Tax Briefing

Blue background with text for 2024 budget and tax briefing with group of people sitting around a table

How will budget and tax issues impact supports and services for workers, families, and communities? What lies ahead at the federal level and in the states? What’s at stake and in play as we head into the 2024 elections and 2025 tax debate?

This year’s briefing will bring funders together to network with colleagues and learn about and discuss:

  • Key battles and opportunities at the federal and state level
  • Coordinated efforts underway to shape the budget and tax fights ahead.
  • Implications for philanthropy in the short and long term and strategies for individual and collective action.

RECAP + RECORDING: Federal Budget and Tax Outlook & Preparing for the 2025 Tax Debates

This year presents opportunities to get ready for transitions both politically and with the expiration of the Tax Cuts and Jobs Act in 2025. This session explored key battles and opportunities and what’s at stake and in play in 2024 and beyond.Read More »

RECAP + RECORDING: State Budget and Tax Outlook

This session explored key trends, battles and opportunities, and what’s at stake and in play in 2024. Panelists shared insights on the recent historic state tax credit expansions, consequential state races and ballot initiatives, and efforts to support the equitable implementation of federal investments, including the Infrastructure Investment and Jobs Act, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, and the Inflation Reduction Act.Read More »

RECAP + VIDEO: Celebrating 2024 Law & Social Policy Legacy Award Winner, Make the Road New Jersey

The Law & Social Policy Legacy Award was established in 2020 to recognize organizations defending and advocating for low-wage workers’ rights and to increase knowledge of this work in the philanthropic community. A $10,000 award will be given by EOF with support from the Public Welfare Foundation annually until 2030 as a part of their legacy investment into the Workers’ Rights field. We recognized and celebrated our 2024 award winner, Make the Road New Jersey, as part of this briefing.Read More »

Related Resources

View a select list of resources shared by our speakers related to the 2024 Budget and Tax Briefing topics.
Read More »

2023 Budget and Tax Briefing

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How will budget and tax issues impact supports and services for workers, families, and communities? What lies ahead at the federal level and in the states?

During this funder briefing, participants learned about discussed:

  • Narrative change strategies on making the case for government and taxes;
  • Key battles and opportunities at the federal and state level;
  • Coordinated efforts underway to help shape the budget and tax fights ahead; and
  • Implications for philanthropy in the short and long term.

RECAP + RECORDING: Federal Budget and Tax Outlook

Raising the debt ceiling and avoiding an economic recession is a priority across the political aisle amid ongoing federal budget and tax debates, but leaders from each party have vastly different plans for how to do so. Democrats are advocating for raised revenues to support increased investment in the American people, while Republicans are seeking lower taxes and budget cuts. These proposals have both near- and long-term policy implications about the role, shape, and size of the government.Read More »

RECAP + RECORDING: State Budget and Tax Outlook

State budgets have experienced both important gains and losses over the past several years. There have been calls in Congress to rescind American Rescue Plan funds that have not yet been spent, and there are significant tax cuts occurring at the state level under both Republican and Democratic leadership. However, states—such as Massachusetts and New Mexico—have also experienced significant wins in securing funding for essential services.Read More »

RECAP + RECORDING: Making the Case for Government and Taxes

In recent years, the public’s trust in the government has diminished. These misgivings pose a challenge for activists who advocate for a robust role of government in program development and spending on essential services for and investment in communities. Panelists discussed the importance of developing narrative frames that will enable the public to understand the numerous benefits that government programs and a fair and adequate tax system can provide.Read More »

RECAP + RECORDING: Working Together to Shape Upcoming Budget and Tax Debates

Roughly $1.8 billion is spent each year on tax lobbying, largely by private groups seeking to lower their taxes. As a result, many corporations avoid paying billions of dollars in federal income taxes and receive tax rebates while measures that would reduce the tax burden on lower-income Americans face opposition in federal and state legislatures. Given this opposition, advocates need support in implementing their strategies to raise revenues and build a more just and equitable tax system.Read More »

Budget and Tax Briefing Archive

Access an archive of select Budget and Tax Briefings here.