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T21-0041 – All Major Provisions in H.R.1319, The American Rescue Plan Act of 2021, As Passed by the Senate and House, by Expanded Cash Income Percentile, 2021

Table shows the effect on the distribution of federal taxes, by expanded cash income percentile, relative to current law in 2021 of all major tax provisions in the final version of H.R. 1319, The American Rescue Plan Act of 2021, as passed by the Senate and House of Representatives. Includes the following provisions: economic impact payments (recovery rebates for individuals); child tax credit enhancement; earned income tax credit enhancement (including temporary special rule for determining earned income); enhancement of child and dependent care tax credit; employer payroll tax credit for premium assistance for COBRA continuation of employer-sponsored health insurance coverage for employees with pandemic-related job loss; extension and modification of credits for paid sick and family leave and employee retention credit; and repeal of worldwide interest allocation rules. 

March 11, 2021