cash payments

Advancing Child Tax Credit Payments Makes Good Sense, But the IRS Will Need Funds to Pull It Off.

The plan to expand the Child Tax Credit (CTC) proposed yesterday by House Ways & Means Committee Democrats included an important new feature—the IRS would...

February 9, 2021Elaine Maag Howard Gleckman

Federal Budget and Economy: TaxVox

Another Way to Target Pandemic Relief Payments: Help Those Who Were Financially Hurt the Most In 2020

Some Senate Republicans say they want to scale back President Biden’s proposed $1,400 relief payments. Last week, my Tax Policy Center colleague Howard Gleckman proposed...

February 1, 2021James R. Nunns

Federal Budget and Economy: TaxVox

Treasury Struggles With CARES Act Rebates To Social Security Beneficiaries

The Coronavirus Aid, Relief, and Economic Security (CARES) Act promises that low-income Social Security beneficiaries will automatically get their $1,200 COVID-19 rebate, but new guidance...

April 1, 2020Janet Holtzblatt

Federal Budget and Economy: TaxVox

Is The Stimulus Rebate A Universal Basic Income?

Congress is about to pass a massive economic stimulus package that will, among other things, send cash to most American households. The so-called rebates amount...

March 25, 2020Leonard E. Burman

Federal Budget and Economy: TaxVox

If We Give Everybody Cash To Boost The Coronavirus Economy, Let’s Tax It

Giving people cash is a great way to soften COVID-19’s economic blow. But it’s sparked a classic debate. Should the federal government give money to...

March 18, 2020Donald Marron