Using data from the Department of Education’s Federal Student Loan Portfolio and the 2019 Survey of Consumer Finances, we examine the effects of forgiveness on borrowers’ 2022 state tax liabilities.
For those residing in a handful of states, their state income tax bills might be several hundred dollars higher, and their state coffers several hundred million dollars richer.
The Biden administration and Democratic lawmakers in Congress are now considering proposals to raise the tax burden on corporations in the United States.
The $1.9 trillion American Rescue Plan provides economic relief to households through the tax code. We have created a web application to help users explore how ARP will impact their 2021 federal tax liability.
To supplement our analysis of Biden’s tax proposals, we have created a web application that allows users to explore how Biden’s tax plan would impact their federal tax liability.
A recent Gallup Panel observed a major partisan gap in attitudes and behaviors related to COVID-19. One possible explanation for this variation is the difference in the severity of the pandemic and recession at the local level.