COVID Pandemic
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Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
In response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
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Improper Payments Cost the Government Billions
Improper payments cost the federal government $236 billion in Fiscal Year (FY) 2023, according to testimony from the Government Accountability Office...
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Employee Retention Credit Faces 7X Cost Overrun
The pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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COVID Relief End Explains All of 2022 Deficit Decline
The budget deficit fell by half between Fiscal Year (FY) 2021 and FY 2022, from $2.8 trillion to $1.4 trillion. While the Biden Administration has...
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It Should Be Easy to Offset Additional COVID Funds
The White House has made the case for additional funding to fight the COVID-19 pandemic – in particular to purchase vaccines, treatments, testing, and...
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How Much Student Debt Has Already Been Cancelled?
Note: (8/30/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which updates the estimated cost...
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Time to Wind Down Remaining COVID Relief
Though most COVID relief has already been spent, several policies continue to provide ongoing financial support and could be renewed again by Congress...
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The 2021 U.S. Economy in Ten Charts
2021 was a unique year in economic history. Assisted by new COVID vaccines, accommodative monetary policy, and trillions of fiscal stimulus, the US...
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State and Local Governments Flush with Cash
The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...
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It’s Time to Wind Down the Student Loan Moratorium
The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...
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Breaking Down $800 Billion in Economic Impact Payments
The Internal Revenue Service (IRS) recently published summary statistics for the three rounds of Economic Impact Payments (EIPs) paid through early...
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Maya MacGuineas on Fox Business Discussing the Growing National Debt
Committee for a Responsible Federal Budget President Maya MacGuineas joined “Mornings with Maria" on Fox Business to discuss the status of COVID...