Tax Policy Center

American Rescue Plan Act

Individual Taxes: TaxVox
A tax plan drafted by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chair Jason Smith (R-MO) has restarted a...
January 25, 2024Nikhita AiriJohn Buhl
Individual Taxes: TaxVox
Fast-approaching government shutdown deadlines in Congress are providing renewed momentum for an expansion of the Child Tax Credit (CTC). A targeted CTC expansion would deliver...
January 10, 2024Nikhita AiriMichael Karpman
State and Local Issues: TaxVox
It’s been two years since the expiration of the expanded child tax credit (CTC), a temporary provision of the American Rescue Plan that effectively provided...
September 12, 2023Joseph BroadusNikhita Airi
Individual Taxes: TaxVox
President Biden’s fiscal year 2024 budget would revive 2021’s enhanced child tax credit (CTC) with some new twists that seek to make the credit work...
March 31, 2023Elaine Maag
State and Local Issues: TaxVox
As the American Rescue Plan Act (ARPA) celebrated its two-year anniversary on March 11, some applauded a law that sped an economic recovery while others...
March 14, 2023Richard C. Auxier
Federal Budget and Economy: TaxVox
The federal government and many state and local governments are placing equity at the forefront of their pandemic relief efforts. But to effectively follow through...
December 14, 2021Aravind Boddupalli
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
Individual Taxes: TaxVox
By approving a third round of economic impact payments (EIPs) and expanding refundability of the Child Tax Credit, Congress has made refundable tax credits a...
April 15, 2021Elaine MaagPeace GwamSonia Torres Rodríguez
Business Taxes: TaxVox
Once the US economy recovers from the COVID-19 crisis, the federal government will need significant additional revenues to reduce its ballooning deficit. Congress and President...
April 7, 2021Thornton Matheson
Federal Budget and Economy: TaxVox
When Congress enacted the American Rescue Plan (ARP), it included an implicit deal: It agreed to reduce the level of additional future weekly federal unemployment...
March 31, 2021C. Eugene SteuerleGordon B. MerminNoah Zwiefel