TaxVox: Federal spending

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

How Today’s Unsustainable Budget Is Stopping a Marshall Plan for Vaccines

August 30, 2021 –
In 1948, Congress and President Truman adopted the Marshall Plan that at its peak provided about 2 percent of total US gross domestic product to...

Searching for Supply-Side Effects of The Tax Cuts and Jobs Act

July 6, 2021 –
The 2017 Tax Cut and Jobs Act (TCJA) was built on the idea that lower business and corporate tax rates, new domestic investment incentives, and...

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...
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...
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...
State and Local Issues

Congress Can Help State and Local Governments Prepare for a Rainy Day Without Repealing the SALT Cap

January 14, 2021 –
With Joe Biden in the White House and narrow control of the Congress, Democrats are likely to try to restore the full state and local...
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...
State and Local Issues

Congress Needs to Understand State Tax Revenue Declines When Drafting COVID-19 Legislation

December 10, 2020 –
Aid for state and local governments remains a sticking point in Congressional deliberations over additional relief to address the economic fallout from the COVID-19 pandemic...