Tax Policy Center

American Rescue Plan Act

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
Individual Taxes: TaxVox
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 30, 2021Janet Holtzblatt
State and Local Issues: TaxVox
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 26, 2021Richard C. Auxier
Individual Taxes: TaxVox
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, 2021Elaine MaagNikhita Airi
Federal Budget and Economy: TaxVox
The Tax Policy Center has published a new distributional analysis the American Rescue Plan (ARP) that incorporates several relatively minor tax provisions that were not...
March 11, 2021Howard Gleckman