Category: Reports

Steve Wamhoff
Director of Federal Tax Policy

March 7, 2021

Estimates of Cash Payment and Tax Credit Provisions in American Rescue Plan

Update: On March 10, the House passed the Senate version of the COVID relief bill, called the American Rescue Plan Act, and sent it to President Biden for his signature. This means that the Senate version of the bill described herein is the final legislation enacted into law.
Steve Wamhoff
Director of Federal Tax Policy

January 15, 2021

ANALYSIS: Cash and Tax Provisions in Biden’s Economic Recovery Plan

The $1.9 trillion economic recovery plan, known as the American Rescue Plan, announced by President-elect Biden contains, among other provisions, expanded cash payments and changes to the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC).
Steve Wamhoff
Director of Federal Tax Policy

December 21, 2020

National and State-by-State Estimates of New $600 Cash Payments

The House and Senate are about to pass the first COVID-19 relief legislation since the CARES Act was enacted in March. The new relief package includes, among other provisions, cash payments of $600 per person, which is half as large as the payments provided under the CARES Act, but also extends payments to spouses and children of certain undocumented immigrants who were left out of the previous payments.

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