Tax Policy Center

CARES Act

Business Taxes: TaxVox

The Booming Economy, Not The 2017 Tax Act, Is Fueling Corporate Tax Receipts

Corporate tax revenues boomed in 2021 and some supporters of the 2017 Tax Cuts and Jobs Act argue that the big tax reductions in the...
June 3, 2022William G. GaleKyle PomerleauSteven M. Rosenthal
State and Local Issues: TaxVox

The Big Stakes for Treasury’s American Rescue Plan State Tax Cut Guidance

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

Which DC Residents Haven’t Gotten Their Economic Impact Payments Yet?

In March 2020, Congress started down the rather unusual but not unprecedented path of sending people checks to help them deal with effects of the...
March 12, 2021Elaine Maag
Business Taxes: TaxVox

What We Are Learning About Firms That Received PPP Loans in 2020

The Paycheck Protection Program (PPP) was considered essential to last year’s bipartisan COVID-19 relief packages, and many policymakers initially hailed the CARES Act version as...
February 18, 2021Aravind Boddupalli
Federal Budget and Economy: TaxVox

How Much Will Households Receive from Round Two of the Economic Impact Payments?

Was it really last May that the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, which would have authorized...
December 28, 2020Janet Holtzblatt
Federal Budget and Economy: TaxVox

The Pandemic Relief Bill’s Good, Bad, and Ugly Tax Provisions

The pandemic relief bill Congress is about to pass is loaded with tax provisions. Some deliver important assistance to households and businesses damaged by...
December 21, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Congress Should Include More Unemployment Benefits And Another Stimulus Payment In A New Relief Bill

Should a new relief bill reprise last March’s $1,200 payments or create a new round of extended unemployment benefits?
December 16, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Congress Could Provide Much Needed Assistance By Approving A New Round Of Cash Stimulus Payments

Congress continues to struggle to reach agreement on a new round of economic relief for millions of people suffering from the effects of the coronavirus pandemic.
September 9, 2020Elaine Maag
State and Local Issues: TaxVox

Lights Flashing, Sirens Blaring: State and Local Governments Need Federal Aid

Congress is nowhere near an agreement on how much additional federal aid to send to state and local governments. It’s been a worrying situation for months. Now, we should be alarmed.
August 5, 2020Renu Zaretsky
Individual Taxes: TaxVox

Congress Has Many Ways To Boost The Economy By Getting Cash Into People’s Pockets. Which One Is Best?

As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are suffering...
July 24, 2020Howard Gleckman