Tax Policy Center

Recession

: TaxVox
May state sales tax receipts shrank by nearly $6 billion, or 21 percent, compared to May 2019, according to data compiled by the Tax Policy...
July 14, 2020Lucy Dadayan
State and Local Issues: TaxVox
Revised forecast data from 27 states suggest tax revenues are expected to fall $34 billion short of pre-COVID-19 forecasts in fiscal year 2020.
July 1, 2020Lucy Dadayan
State and Local Issues: TaxVox
States and localities across the country are facing an unprecedented fiscal situation from the economic shock of the COVID-19 pandemic. Governors are confronting drastically falling...
June 1, 2020Lucy Dadayan
State and Local Issues: TaxVox
Congress is headed toward a fourth COVID-19 relief package – and arguably the first one directly addressing state and local governments’ pandemic-induced fiscal crisis ...
May 12, 2020Tracy Gordon
Business Taxes: TaxVox
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
State and Local Issues: TaxVox
How rapidly is the economy collapsing in the wake of the COVID-19 pandemic? In just the past four weeks, total weekly unemployment insurance claims were...
April 16, 2020Lucy DadayanDonnie Charleston
Federal Budget and Economy: TaxVox
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
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
: TaxVox
The United States has very little experience coping with pandemics, let alone their fiscal implications. As the crisis progresses, state leaders may be inclined to...
March 19, 2020Donnie Charleston
Federal Budget and Economy: TaxVox
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