TaxVox: Economic stimulus

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?

Federal Budget and Economy

Would Stimulus Payments Have Been Bigger If Trump And Democrats Called Them Tax Relief?

January 5, 2021 –

One of the very oddest things about the bizarre debate over whether to increase the latest round of direct government payments from $600 per person...

Federal Budget and Economy

How Much Will Households Receive from Round Two of the Economic Impact Payments?

December 28, 2020 –

Was it really last May that the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, which would have authorized...

Federal Budget and Economy

The Pandemic Relief Bill’s Good, Bad, and Ugly Tax Provisions

December 21, 2020 –

The pandemic relief bill Congress is about to pass is loaded with tax provisions. Some deliver important assistance to households and businesses damaged by...

Federal Budget and Economy

Congress Should Include More Unemployment Benefits And Another Stimulus Payment In A New Relief Bill

December 16, 2020 –

Should a new relief bill reprise last March’s $1,200 payments or create a new round of extended unemployment benefits?

Federal Budget and Economy

Will COVID-19 Relief Talks End Differently This Time?

December 3, 2020 –

By embracing a $908 billion bipartisan pandemic relief plan , congressional Democratic leaders may have jump-started long-dormant talks over short-term economic aid. A nudge by...