Infographic: What’s in the American Rescue Plan?
Lawmakers have now passed a total of six major COVID relief bills at a cost of $5.3 trillion to help our nation cope with the devastating health and economic impacts of the pandemic. The latest bill, the American Rescue Plan, comes with a $1.9 trillion price tag, and includes everything from direct payments to certain taxpayers to aid for local governments. Below is a breakdown of the major programs and their funding levels.
Further Reading
Should We Eliminate the Social Security Tax Cap?
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.
No Taxes on Tips Will Drive Deficits Higher
Here’s how this new, temporary deduction will affect federal revenues, budget deficits, and tax equity.
Three Reasons Why Assuming Sustained 3% Growth is a Budget Gimmick
GDP growth of 3 percent is significantly higher than independent, nonpartisan estimates and historically difficult to achieve.