Federal Budget and Economy Archive

Why Congress Will Borrow To Help Ukraine But May Pay For New COVID-19 Medical Costs With Offsetting Spending Cuts

TweetShareSharePin0 Shares Why is Congress prepared to spend billions of dollars for new aid to Ukraine without requiring offsetting tax increases or spending cuts at the same time lawmakers are demanding that more COVID-19-related therapeutics and testing be fully paid for? It can’t be about the money. The next round of Ukraine aid will cost

Why Another Brutal Filing Season for The IRS May Not Help It Get More Funding

TweetShareSharePin0 Shares The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting workers around—and thus creating new tax administration gaps. Thanks to months-long delays in processing millions of 2020 tax returns, the agency’s most visible vulnerabilities have shifted from enforcement

Happy Birthday, TPC

TweetShareSharePin0 Shares On April 1, 2002, a press release announced, “The Tax Policy Center, a new joint venture between the Urban Institute and the Brookings Institution” was… Source link TweetShareSharePin0 Shares

Higher Oil Prices Can Help Fuel Green Transition

TweetShareSharePin0 Shares Democratic leaders have pledged to combat higher petroleum prices due to Russia’s invasion of the Ukraine. Shying away from a Russian oil boycott, they have proposed a federal gas tax holiday to cushion US motorists from rising pump prices. But that policy would do little to benefit consumers while worsening fiscal imbalances, air

Lessons from the 2009 Recovery Act for an Inclusive Recovery from the Pandemic

TweetShareSharePin0 Shares The federal government and many state and local governments are placing equity at the forefront of their pandemic relief efforts. But to effectively follow through on this important goal, policymakers can learn from initiatives undertaken in response to the Great Recession. In a new research brief, we described lessons from the 2009 American
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