What Is a Carbon Tax? How Would It Affect the Economy?
In light of the growing urgency of the climate crisis, many lawmakers, advocacy groups, and American citizens are calling for the government to undertake policies to more comprehensively address climate change.
Read MoreHere’s How Democrats Would Pay for Their New Spending Proposals
Democratic leaders revealed the details of how they plan to pay for, or offset, the approximately $3.5 trillion of spending in their reconciliation bill.
Read MoreHow Do We Tax Energy in the United States? How Does It Compare to Other Countries?
A key part of the Biden administration’s policy agenda in 2021 relates to our nation’s energy policy, and in particular, there have been important debates among policymakers about how we use the tax code to incentivize economically and environmentally beneficial behavior.
Read MoreWhat’s the Price Tag on Reconciliation — and Will It Be Paid For?
Components of a large legislative package — that could carry a price tag of as much as $3.5 trillion — is now being debated in the House of Representatives.
Read MoreWhat Economic Effects Can We Expect from the Bipartisan Infrastructure Bill?
Infrastructure investment has important impacts on the economy, and this piece examines the economic effects that could be expected from the bipartisan physical infrastructure plan.
Read MoreA Year after the Worst Economic Contraction Ever Recorded, Output Returns to Pre-Pandemic Levels
The continued economic recovery, fueled by consumer spending, brought economic output back to its pre-pandemic level.
Read MoreHow Will Interest Rate Changes Affect Federal Debt and Deficits?
Due to the COVID-19 pandemic and the resulting monetary policy response, short-term interest rates are currently near zero and longer-term rates are historically low.
Read MoreDoes Lowering or Raising Corporate Taxes Affect How Businesses Invest in the Economy?
Changes to the U.S. corporate income tax system may influence domestic investment, economic growth, hiring, and how much revenue the federal government raises.
Read MoreWhat to Know About the New Monthly Child Tax Credit Payments
A key provision of the ARP advances half of the expected credit for 2021 in periodic payments, which have now begun.
Read MoreWhat’s in the American Families Plan?
President Biden’s budget for fiscal year 2022 outlines new details of the $1.7 trillion American Families Plan (AFP).
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