Daily Tax Report ®

Congress Unleashes a Cash Torrent, But Is It Working? (Podcast)

June 12, 2020, 8:46 AM

Congress has lowered the boom and allocated trillions of dollars to counteract the pandemic and its devastating economic fallout. It also made numerous tweaks to the tax code, all aimed at getting more money into people’s wallets immediately.

How’s that working? Could Congress have been more effective by simply dropping piles of cash out of helicopters?

That’s the topic of a panel discussion on this week’s episode of our podcast, Talking Tax. Steven M. Rosenthal of the Urban Institute and Kyle Pomerleau of the American Enterprise Institute talk with moderator Colin Wilhelm, a Bloomberg Tax reporter, about the effectiveness of Congress’s relief efforts and what lawmakers should do next.

To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergindustry.com

To contact the editors responsible for this story: Rachael Daigle at rdaigle@bloombergindustry.com; David Jolly at djolly@bloombergtax.com

To read more articles log in. To learn more about a subscription click here.