Domestic Spending
Latest
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President Biden's $1.9 Trillion COVID Plan vs. the GOP $618 Billion Plan: A Comparison
President Biden has proposed a $1.9 trillion “American Rescue Plan” for Congress to enact this spring as a COVID relief package. Last Monday, 10...
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America Faces a $380 Billion Output Gap
Today's economic projections from the Congressional Budget Office (CBO) show the economy is likely to experience a strong economic recovery, but...
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Biden Campaign Plan Offers Menu of Offsets
With Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending and tax...
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How Much COVID Relief Money Is Left?
Note: Data updates on February 3, 2021 reduce the difference between legislative amount allowed and committed/disbursed from $1.3 trillion to $1.1...
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What’s New in COVID Money Tracker?
This week we updated COVID Money Tracker with all of the major provisions from the $915 billion 1 in COVID relief provisions in December’s...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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Four-Fifths of Stimulus Checks Have Been Sent
In the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...
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Breaking Down $3.4 Trillion in COVID Relief
With the passage of the Response & Relief Act, Congress has now allocated around $4 trillion of COVID relief at a net cost of over $3.4 trillion...
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Would $2,000 Stimulus Checks Go to Six-Figure Households?
The House approved the CASH Act Monday to increase recently enacted stimulus checks from $600 to $2,000 per person. Some of those hesitant about the...
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How Much Would $2,000 Checks Cost?
With the enactment of the Response & Relief Act yesterday, policymakers in both parties have called for expanding recovery rebates from $600 per...
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The Response & Relief Act Would Boost Income To Record Levels
Unlike in past recessions, personal income has grown during the current crisis as a result of the aggressive fiscal and monetary actions taken to...
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The Response & Relief Act Would Support the Economic Recovery
President Trump is yet to sign the year-end bill that contains the Coronavirus Response & Relief Supplemental Appropriations Act and accompanying...