TaxVox: Economic stimulus

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The voices of Tax Policy Center's researchers and staff

State and Local Issues

The Big Stakes for Treasury’s American Rescue Plan State Tax Cut Guidance

March 26, 2021 –
The American Rescue Plan (ARP) sends $350 billion to state and local governments with very few strings attached. Unlike the CARES Act , which originally...
Individual Taxes

Are The American Rescue Plan’s Tax Cliffs Really Such A Big Deal?

March 23, 2021 –
Are American Rescue Plan’s Tax Cliffs Really Such A Big Deal? Economists hate cliffs. But the tax cliffs in the ARP may not be so bad.
Individual Taxes

Which DC Residents Haven’t Gotten Their Economic Impact Payments Yet?

March 12, 2021 –
In March 2020, Congress started down the rather unusual but not unprecedented path of sending people checks to help them deal with effects of the...
Federal Budget and Economy

Pandemic Bill Would Cut Taxes by An Average of $3,000, With Most Relief Going to Low- And Middle-Income Households

March 8, 2021 –
Pandemic bill would Cct taxes by an average of $3,000, with most relief going to low- and middle-income households, according to a new TPC analysis...
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

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...

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...

Biden's Huge Pandemic Relief Plan Would Cut Taxes for Low- and Moderate-Income Households

January 15, 2021 –
President-elect Joe Biden proposed a new $1.9 trillion pandemic relief plan last night that would substantially cut taxes for low- and moderate-income households, especially those...
Federal Budget and Economy

Why Are Dependents Over Age 16 Still Ineligible for Economic Impact Payments?

January 6, 2021 –
Over 20 million people—dependents who are college students, adults with disabilities, or elderly parents cared for by their adult children—were missed when calculating economic impact payments not once, but twice. Why?