Watch: Economic Recovery After Coronavirus

1 min readBy: Scott Hodge, Karl Smith, Garrett Watson

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 the chief tax-writing committee in the US. 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.

If you are new to the Tax Foundation’s work, you can learn more about who we are and what we do here. You can also subscribe to our weekly newsletter and support our work here.

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About the Authors

Scott Hodge Tax Foundation
Expert

Scott Hodge

President Emeritus

Scott Hodge is President Emeritus of the Tax Foundation, which he led as President for over two decades, between 2000 and 2022. Scott Hodge is recognized as one of Washington’s leading experts on tax policy, the federal budget, and government spending.

Karl Smith

Karl Smith

Adjunct Scholar

Karl Smith is an adjunct scholar with the Tax Foundation, where he advises on federal tax and economic issues.

Mr. Smith is also a member of the editorial board at Bloomberg and an opinion columnist there, where he writes on a broad range of current economic issues.

Prior to Bloomberg, Mr. Smith was a professor of economics at the University of North Carolina at Chapel Hill. Mr. Smith holds a PhD in economics from North Carolina State University.

Garrett Watson Tax Foundation
Expert

Garrett Watson

Director of Policy Analysis

Garrett Watson is Director of Policy Analysis at the Tax Foundation, where he conducts research on federal and state tax policy. His work has been featured in The Washington Post, The Atlantic, Politico, the Associated Press and other major outlets.