TaxVox: Federal Budget and Economy

RSS

The voices of Tax Policy Center's researchers and staff

Could Better Government Have Lowered Pandemic Deaths by 100,000 or Reduced Costs by a Trillion Dollars?

March 1, 2021 –
It never is easy for government to respond to crises, especially one as big and far-reaching as the COVID-19 pandemic. Yet, a better policymaking process...
Business Taxes

What We Are Learning About Firms That Received PPP Loans in 2020

February 18, 2021 –
The Paycheck Protection Program (PPP) was considered essential to last year’s bipartisan COVID-19 relief packages, and many policymakers initially hailed the CARES Act version as...
Federal Budget and Economy

Congress Could Make COVID-19 Relief Payments Fairer, Less Costly, and More Stimulative

February 11, 2021 –
Republicans and some leading economists have raised concerns about the cost, fairness, and stimulative effects of proposed cash payments in the pandemic relief legislation Congress...
Campaigns, Proposals, and Reforms

TPC Finds the Ways & Means Pandemic Relief Plan Mostly Helps Low- and Moderate-Income Households, But Higher Income Families Benefit as Well

February 10, 2021 –
The major tax provisions of the pandemic relief bill proposed by House Ways & Means Committee Democrats on January 8 would reduce 2021 federal taxes...
Individual Taxes

Advancing Child Tax Credit Payments Makes Good Sense, But the IRS Will Need Funds to Pull It Off.

February 9, 2021 –
The plan to expand the Child Tax Credit (CTC) proposed yesterday by House Ways & Means Committee Democrats included an important new feature—the IRS would...
Federal Budget and Economy

How Could the United States Pay for Reparations?

February 3, 2021 –
A few years ago, Ta-Nehesi Coates wrote a powerful essay, “The Case for Reparations” for The Atlantic . Reparations, he affirmed, would help close the...
Individual Taxes

How Biden Can Expand And Better Target the Child Tax Credit

February 2, 2021 –
In a recent blog , I looked at two ways Congress could refocus those $1,400 per person relief payments on those who need it most...
Federal Budget and Economy

Another Way to Target Pandemic Relief Payments: Help Those Who Were Financially Hurt the Most In 2020

February 1, 2021 –
Some Senate Republicans say they want to scale back President Biden’s proposed $1,400 relief payments. Last week, my Tax Policy Center colleague Howard Gleckman proposed...

There Are Ways Congress Could Better Target A New Round of Pandemic Relief Payments

January 26, 2021 –
Congressional Republicans and some Democrats are urging lawmakers to better target President Biden’s $1.9 trillion plan for new pandemic relief. And they are right: It...
Federal Budget and Economy

The Delicate Deficit Dance That May Define Biden’s Presidency

January 20, 2021 –
It was fascinating to watch Treasury-secretary designate Janet Yellen and several Republican members of the Senate Finance Committee dance their delicate deficit dance at Yellen’s...