So far, the federal government has focused on short-term policies to stem the spread of COVID-19 and provide immediate taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. relief to struggling individuals and businesses.
Now, policymakers will need to consider long-term, pro-growth, and sustainable tax policies to help ensure a strong economic recovery.
This new task raises a host of new questions:
- What challenges should we expect to face as the U.S. economy begins to re-open?
- What are the best tax policies to encourage a smooth transition and strong economic recovery?
- How should goals of economic recovery and growth be balanced with revenue needs?
- How can policymakers improve the U.S. tax system so that it’s better prepared to deal with future crises?
For answers to these questions and others, our exclusive webinar discussion features keynote speaker Congressman Jodey Arrington (R-TX), member of the House Ways and Means CommitteeThe Committee on Ways and Means, more commonly referred to as the House Ways and Means Committee, is one of 29 U.S. House of Representative committees and is the chief tax-writing committee in the U.S. The House Ways and Means Committee has jurisdiction over all bills relating to taxes and other revenue generation, as well as spending programs like Social Security, Medicare, and unemployment insurance, among others. , and a panel with several of today’s leading tax and economics experts:
- Karl Smith, Tax Foundation Vice President of Federal Tax and Economic Policy
- Garrett Watson, Tax Foundation Senior Policy Analyst
- Ben Ritz, Progressive Policy Institute Director of the Center for Funding America’s Future
For more information on the coronavirus crisis and what it means for tax policy across the country and throughout the world, visit our COVID-19 resource center.
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