Tax Policy Center

Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (May 2020)

Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the distributional impacts of the Child Tax Credit (CTC) expansion in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the distributional impacts of the Child Tax Credit (CTC) expansion in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the distributional impacts of the Earned Income Tax Credit (EITC) expansion in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the distributional impacts of the Earned Income Tax Credit (EITC) expansion in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the distributional impacts of the 2020 Recovery Rebate Improvements expansion in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the distributional impacts of the 2020 Recovery Rebate Improvements in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the distributional impacts of the Additional Recovery Rebate expansion in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the distributional impacts of the Additional Recovery Rebate in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the distributional impacts of repealing the state and local tax (SALT) deduction cap, as in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the distributional impacts of repealing the state and local tax (SALT) deduction cap, as in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the distributional impacts of the provision expand the Child and Dependent Care Tax Credit (CDCTC) in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the distributional impacts of the provision to expand the Child and Dependent Care Tax Credit (CDCTC) in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table shows the combined distributional impacts of the major economic stimulus provisions in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income level, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table shows the combined distributional impacts of the major economic stimulus provisions in H.R.6800 Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act as Passed by the House on May 15, 2020 by expanded cash income percentile, under current law for 2019 as of March 17, 2020. To avoid the economic uncertainty associated with 2020, we use a baseline of 2019 current law at 2019 income levels (including the Recovery Rebate in the CARES Act as if enacted in 2019), and assume that the provision is enacted in 2019.

May 21, 2020