March 30, 2021
By including in the American Rescue Plan (ARP) a provision to exempt up to $10,200 of last year’s unemployment benefits from federal income tax, Congress...
March 26, 2021
The American Rescue Plan (ARP) sends $350 billion to state and local governments with very few strings attached. Unlike the CARES Act , which originally...
March 24, 2021
Nobody making under 400,000 bucks would have their taxes raised. Period. Bingo. – Joe Biden, May 22, 2020 Enacting good tax policy is hard under...
March 23, 2021
Are American Rescue Plan’s Tax Cliffs Really Such A Big Deal? Economists hate cliffs. But the tax cliffs in the ARP may not be so bad.
March 22, 2021
On his first day in office, President Biden signed an executive order acknowledging the toll of structural racism in the United States and initiating a...
March 19, 2021
The Biden Administration is taking steps to develop a new, global minimum tax on multinational corporations. The initiative, led by Treasury Secretary Janet Yellen, follows...
March 23, 2021
In 2017 and again in 2020, Congress made deficient—but temporary—changes to the federal income tax deduction for charitable giving. By significantly increasing the standard deduction,...
March 16, 2021
Last week, President Biden signed the American Rescue Plan (ARP) into law. And the Child Tax Credit (CTC) that began life in 1998 as a...
March 16, 2021
Talk about playing against type: The tax cuts in President Biden’s American Rescue Plan (ARP) are among the biggest one-year tax reductions in modern US...
March 12, 2021
In March 2020, Congress started down the rather unusual but not unprecedented path of sending people checks to help them deal with effects of the...