Tax Policy Center

economic stimulus

Federal Budget and Economy: TaxVox

How Will The Coronavirus Stimulus Bill’s Individual Payments Work?

For many households, the most important provision of the massive $2.2 trillion stimulus bill passed by the Senate last night will be the individual cash...
March 26, 2020Howard Gleckman
Individual Taxes: TaxVox

How Soon Can The IRS Get Coronavirus Payments Out The Door?

During last month’s Democratic presidential debate, moderator Gayle King asked the candidates what motto guided their lives. If Oprah’s best friend ever asks me, I...
March 25, 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
Individual Taxes: TaxVox

Direct Payments In Coronavirus Stimulus Bill Are Well Targeted to Low- And Middle-Income Households

The direct payments (called recovery rebates) included in the Senate’s latest coronavirus stimulus plan would target two-thirds of their benefits to low- and middle-income households,...
March 23, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Government Payments Will Help Families But May Not Boost The Coronavirus Economy Much

Democrats and Republicans seem to be reaching a growing consensus that one way the federal government can respond to the coronavirus pandemic is to send...
March 18, 2020Howard Gleckman
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
Individual Taxes: TaxVox

Using The EITC To Help Fight An Economic Slowdown

President Trump and some members of Congress are promoting a payroll tax cut to respond to the growing coronavirus outbreak. But if they are looking...
March 13, 2020Elaine Maag
Individual Taxes: TaxVox

Six Reasons Why Trump’s Plan To Delay Tax Filing Won’t Help The Coronavirus Economy

President Trump says he wants to allow “certain” people and businesses to delay tax filing in an apparent effort to stabilize the economy in the...
March 12, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Targeted, Industry-Specific Tax Breaks Would Be A Terrible Response To Coronavirus

President Trump seems to want Congress to pass tax breaks for industries hard-hit by collapsing demand in the wake of the coronavirus outbreak. While we...
March 11, 2020Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Dave Camp’s Great Bonus Depreciation Flip-Flop

Sadly, the House Ways & Means Committee has turned on its head a proposal by its chairman, Dave Camp (R-MI) to repeal bonus depreciation for business capital investment. Instead of scrapping the measure, which Congress originally passed in 2008 as a temporary anti-recession tonic, the panel has
May 29, 2014Howard Gleckman