Tax Policy Center

economic stimulus

Individual Taxes: TaxVox

Should Wealth Taxes Pay For Coronavirus Relief And Recovery?

I look forward to the day when the economy is strong enough that we can worry about the gigantic debt left behind by federal relief and recovery efforts.
May 28, 2020Janet Holtzblatt
Individual Taxes: TaxVox

TPC Estimates The HEROES Act Would Substantially Cut Individual Income Taxes  

The major individual income tax provisions in the House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would cut taxes by an average of...
May 22, 2020Howard Gleckman
Business Taxes: TaxVox

Restoring The Three Martini Lunch Tax Deduction Won’t Feed The COVID-19 Economy

One of President Trump’s demands for the next COVID-19 relief bill is restoration of the tax deduction for business meals and entertainment expenses. Since the...
May 7, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Who Should Pay For The Economic Relief From The COVID-19 Crisis?

As Republicans and Democrats joined hands to provide the most recent of what might be several stages of relief from our national pandemic crisis, almost...
April 13, 2020C. Eugene Steuerle
Federal Budget and Economy: TaxVox

Can People Get A Larger COVID-19 Rebate By Waiting To File Their 2019 Tax Return?

One big unanswered question about the COVID-19 recovery rebates included in the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act: What year’s income will the...
April 10, 2020Janet Holtzblatt
: TaxVox

The CARES Act Boost In Unemployment Benefits Is Likely To Cost More Than Congress Projects. That’s a Feature, Not A Bug

The Coranavirus Aid, Relief, and Economic Security (CARES) Act expansion of Unemployment Insurance (UI) benefits is likely to cost far more than Congress’s original estimate...
April 9, 2020Benjamin R. Page
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
: TaxVox

The CARES Act Provided Important Relief For The Coronavirus Economy, But What Should Phase 4 Look Like?

Last week, Congress and President Trump enacted the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest aid package in American history...
April 1, 2020Grace EndaWilliam G. GaleClaire Haldeman
Federal Budget and Economy: TaxVox

What Tax Experts Can Contribute: Lessons from World War II

The United States is facing an immense human tragedy. According to one influential analysis , up to 2 million Americans could die from COVID-19 in...
March 31, 2020Eric Toder
: TaxVox

Congress Must Do More To Help States And Localities Respond To COVID-19

The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law last week will allocate roughly $200 billion in fiscal relief to...
March 30, 2020Tracy GordonRichard C. Auxier