Tax Rebates in the Federal CARES Act
reportCongress passed and the president signed a $2 trillion plan that includes $150 billion in fiscal aid to states, $150 billion in health care spending, large expansions of unemployment compensation and more. These measures are clearly needed as the economy teeters on the brink. Though the bill improves on flaws in the Senate GOP’s initial bill, it still fails to go as far as other proposals and leaves out immigrants who file taxes via Individual Taxpayer Identification Numbers (ITIN). The bill provides up to $1,200 in payments per adult and $500 per child. Benefits start to phase out for singles with income greater than $75,000 and married couples with incomes greater than $150,000.
| Share Going to Bottom 60% | Share Going to Richest 20% | Total Cost |
| 57% | 16% | $268.6 billion |
National Impact State Impact Who Benefits? Average Rebate