Tax Policy Center

COVID-19 pandemic

Individual Taxes: TaxVox

The COVID-19 Pandemic Drove A Huge, But Temporary, Increase in Households That Did Not Pay Federal Income Tax

The COVID-19 pandemic and the policy response to it led to an extraordinary increase in the number of American households that owed no federal individual income tax in 2020. The Tax Policy Center estimates that last year more than 107 million households, or nearly 61 percent, owed no income tax or even received tax credits from the government.
August 18, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

How Existing Budgetary Commitments Could Affect President Biden’s Domestic Policy Goals

The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local governments’...
May 13, 2021C. Eugene Steuerle
State and Local Issues: TaxVox

To Understand How COVID-19 Affected States, Compare Governors’ New Budgets to Their Pre-Pandemic Plans

In a new analysis , the Tax Policy Center’s State and Local Finance Initiative compared governors’ fiscal year (FY) 2022 budget proposals with their state’s...
March 8, 2021Richard C. Auxier
State and Local Issues: TaxVox

Improving State Tax Collections Don’t Let Congress Off the Hook on COVID-19 Relief

As the lame duck Congress considers further stimulus for an economy that is rebounding but still deeply troubled , Senate Majority Leader Mitch McConnell (R-KY)...
November 19, 2020Tracy Gordon
Campaigns, Proposals, and Reforms: TaxVox

How Would A Second Round Of COVID-19 Rebates Affect Households?

It may be months before a vaccine against the COVID-19 virus is available to everyone. But it may be just a month or so before...
July 30, 2020Janet Holtzblatt
State and Local Issues: TaxVox

COVID-19 Pandemic Could Slash 2020-21 State Revenues By $200 Billion

Revised forecast data from 27 states suggest tax revenues are expected to fall $34 billion short of pre-COVID-19 forecasts in fiscal year 2020.
July 1, 2020Lucy Dadayan
: TaxVox

COVID-19-Related Policies Can Better Boost the Economy By Targeting Less To Savers

Congress has responded to the COVID-19 pandemic-induced economic slowdown by putting hundreds of billions of dollars directly into people’s pockets. Much of this came from...
June 8, 2020C. Eugene Steuerle
State and Local Issues: TaxVox

COVID-19 And Government Actions Caused State Tax Revenues To Plunge In April

States and localities across the country are facing an unprecedented fiscal situation from the economic shock of the COVID-19 pandemic. Governors are confronting drastically falling...
June 1, 2020Lucy Dadayan