TaxVox

Lights Flashing, Sirens Blaring: State and Local Governments Need Federal Aid

August 5, 2020 –

Congress is nowhere near an agreement on how much additional federal aid to send to state and local governments. It’s been a worrying situation for months. Now, we should be alarmed.

Campaigns, Proposals, and Reforms

How Would A Second Round Of COVID-19 Rebates Affect Households?

July 30, 2020 –

It may be months before a vaccine against the COVID-19 virus is available to everyone. But it may be just a month or so before...

Federal Budget and Economy

There Will Be No Showdown Over The Next COVID-19 Stimulus Bill. Pelosi Already Won.

July 28, 2020 –

Looking forward to the great partisan battle over the next COVID-19 relief bill? You may be disappointed. Nancy Pelosi already has won.

Individual Taxes

Recraft The EITC To Help Parents Caring For Children Who Can’t Return To School Full-Time

July 28, 2020 –

As parents learn how many days (if any) their children will be in a physical school this fall, many are preparing to provide care for...

Individual Taxes

Congress Has Many Ways To Boost The Economy By Getting Cash Into People’s Pockets. Which One Is Best?

July 24, 2020 –

As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are suffering...

Individual Taxes

The IRS Delivered Economic Impact Payments In Record Time, So Why Haven’t Some Needy Families Gotten Their Money?

July 23, 2020 –

With Congress about to debate a second round of stimulus payments for tens of millions of people, it is important to review some lessons about...

Individual Taxes

How Would Paydown Affect The Reform Of Home Mortgage Interest Deduction?

July 21, 2020 –

Reforming the mortgage interest deduction (MID) could raise federal tax revenue and make the tax system more progressive. But some taxpayers, especially those with high...