Tax Policy Center

Recession

Federal Budget and Economy: TaxVox
Should Congress Use Tax Hikes To Fight Inflation? In a Monday Wall Street Journal column (paywall), President Biden urged Congress to help fight inflation by...
June 2, 2022Howard Gleckman
State and Local Issues: TaxVox
Just as state governors and legislators are figuring out how to spend their unexpected budget surpluses, global events could wipe out much of those gains...
April 19, 2022Lucy Dadayan
State and Local Issues: TaxVox
With Joe Biden in the White House and narrow control of the Congress, Democrats are likely to try to restore the full state and local...
January 14, 2021Leonard E. BurmanTracy GordonNikhita Airi
State and Local Issues: TaxVox
Aid for state and local governments remains a sticking point in Congressional deliberations over additional relief to address the economic fallout from the COVID-19 pandemic...
December 10, 2020Lucy DadayanKim S. Rueben
: TaxVox
May state sales tax receipts shrank by nearly $6 billion, or 21 percent, compared to May 2019, according to data compiled by the Tax Policy...
July 14, 2020Lucy Dadayan
State and Local Issues: TaxVox
Revised forecast data from 27 states suggest tax revenues are expected to fall $34 billion short of pre-COVID-19 forecasts in fiscal year 2020.
July 1, 2020Lucy Dadayan
State and Local Issues: TaxVox
States and localities across the country are facing an unprecedented fiscal situation from the economic shock of the COVID-19 pandemic. Governors are confronting drastically falling...
June 1, 2020Lucy Dadayan
State and Local Issues: TaxVox
Congress is headed toward a fourth COVID-19 relief package – and arguably the first one directly addressing state and local governments’ pandemic-induced fiscal crisis ...
May 12, 2020Tracy Gordon
Business Taxes: TaxVox
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
State and Local Issues: TaxVox
How rapidly is the economy collapsing in the wake of the COVID-19 pandemic? In just the past four weeks, total weekly unemployment insurance claims were...
April 16, 2020Lucy DadayanDonnie Charleston