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...
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,...
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...
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...
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...
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...
Until the Great Recession, state and local governments played a remarkably constant role through down business cycles. For four decades, when the economy turned sour,...
Economic growth estimates released yesterday were not good news : the economy contracted in the fourth quarter for the first time since 2009, albeit by...
