Tax Policy Center

coronavirus

Federal Budget and Economy: TaxVox

There Will Be No Showdown Over The Next COVID-19 Stimulus Bill. Pelosi Already Won.

Looking forward to the great partisan battle over the next COVID-19 relief bill? You may be disappointed. Nancy Pelosi already has won.
July 28, 2020Howard Gleckman
Individual Taxes: TaxVox

Congress Has Many Ways To Boost The Economy By Getting Cash Into People’s Pockets. Which One Is Best?

As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are suffering...
July 24, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Congress Has No Clear Roadmap For Its Next COVID-19 Response

When Congress returns from its summer break on July 20, its primary job (really, its only job) is to respond to the COVID-19 pandemic. Congress...
July 8, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

If Trump Curbs New COVID-19 Aid To State and Local Governments, He Will Help Defund The Police

President Trump has taken a strong position against calls by some on the political left to “defund” police departments. At the same time, he continues...
June 10, 2020Howard Gleckman
Business Taxes: TaxVox

Congress May Soon Choose Between Wage Credits Or More Unemployment Benefits

With the May jobless rate at 13.3 percent —an improvement over April but still terrible-- policymakers are considering many ideas to support workers in the...
June 5, 2020Howard Gleckman
Business Taxes: TaxVox

Capital Gains Cuts Won’t Cure the Covid-19 Economy

Back in 1991, Saturday Night Live spoofed politicians who see capital gains tax cuts as a panacea. In one sketch, after being frozen for eons,...
May 11, 2020Leonard E. Burman
Business Taxes: TaxVox

Tax 101: Expenses Reimbursed With COVID-19 Aid Should Not Be Deductible

Treasury Secretary Steven Mnuchin and the IRS are right: Because the hundreds of billions of dollars the businesses are getting through the Coronavirus Aid, Relief,...
May 8, 2020Steven M. Rosenthal
Business Taxes: TaxVox

Restoring The Three Martini Lunch Tax Deduction Won’t Feed The COVID-19 Economy

One of President Trump’s demands for the next COVID-19 relief bill is restoration of the tax deduction for business meals and entertainment expenses. Since the...
May 7, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Did Adding Trump’s Name Slow Down The Mailing of Stimulus Checks? Of Course It Did

Did the Treasury Department’s decision to put President Trump’s name on the coronavirus stimulus checks slow the mailing of those checks? Of course it did,...
April 30, 2020C. Eugene Steuerle
Federal Budget and Economy: TaxVox

Trump’s Payroll Tax Holiday Won't Help the COVID-19 Economy. Another Republican Has A Better Idea

President Trump continues to promote a payroll tax holiday as a piece of the next coronavirus relief bill. The idea fails as either relief or stimulus...
April 29, 2020Howard Gleckman