Tax Policy Center

american rescue plan

State and Local Issues: TaxVox
While state budgets are recovering along with the US economy, state fiscal policymakers remain cautious about the post COVID-19 future, according to a survey by...
July 21, 2021Lucy DadayanKim S. Rueben
State and Local Issues: TaxVox
In March 2020, Arizona Gov. Doug Ducey signed a $11.8 billion budget that was $500 million lower than what he had proposed just weeks earlier—before...
July 16, 2021Richard C. Auxier
Individual Taxes: TaxVox
Beginning in July, most families with children will receive up to $250 a month per child ($300 for children under 6). Those payments are advances...
June 25, 2021Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox
When Joe Biden ran for president, his campaign platform included dozens of relatively specific tax proposals. They ranged from expanding refundable tax credits for low-...
May 21, 2021Howard Gleckman
: TaxVox
On Monday, the U.S. Treasury Department released much-anticipated guidance for the American Recovery Plan ’s (ARP) $350 billion in direct state and local aid ,...
May 13, 2021Richard C. Auxier
: TaxVox
Tax incentives can encourage action that supports the public good—like lifting children out of poverty, giving to charity, pursuing higher education, or using alternatives to fossil fuels. How about helping end a global pandemic?
May 5, 2021Renu Zaretsky
Individual Taxes: TaxVox
IRS Commissioner Charles Rettig told the Senate Finance Committee on April 13 that the agency could begin delivering monthly 2021 Child Tax Credit (CTC) payments...
April 28, 2021Elaine MaagWilliam J. Congdon
Individual Taxes: TaxVox
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 23, 2021Howard Gleckman
Individual Taxes: TaxVox
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 16, 2021Howard Gleckman
Federal Budget and Economy: TaxVox
Pandemic bill would Cct taxes by an average of $3,000, with most relief going to low- and middle-income households, according to a new TPC analysis...
March 8, 2021Howard Gleckman