Business Insider: Trump Wants Tax Breaks to Encourage People to Watch Sports Games and Travel Around the US. Here’s Why That Could Backfire as the Pandemic Rages.
media mentionThe McSally proposal also drew fire from economists who argued it would mainly benefit wealthier taxpayers and not be well targeted.
“Low and most middle-income families will receive no or minimal benefit as you can’t claim the maximum credit until you’re pretty well off,” Matthew Gardner, a senior fellow at the left-leaning Institute on Taxation and Economic Policy, wrote in a blog post. “The credit is nonrefundable, so a married couple can’t claim the full $8,000 credit unless their income tax liability before credits reaches that amount.”