Figuring Out Phase Four: Next Steps on Federal and State Coronavirus Response As U.S. businesses struggle to recover from the economic downturn, Congress and the White House continue to debate a phase four relief package, which could include anything from incentives for domestic travel and a payroll tax cut to more fundamental reforms like enacting permanent full cost recovery. Meanwhile, states continue to grapple with revenue shortfalls driven by extended shutdowns. While many states are waiting to see whether they’ll receive more federal aid, many are also exploring novel tax ideas to bring in more revenue. Join us for a special two-part Talking Tax Reform webinar for insights from today’s leading tax policy experts on what is ahead at both the federal and state levels. Panel 1: Liquidity and Recovery: Federal Aid to Businesses (11:00 a.m. – noon ET) Should restoring liquidity to struggling businesses and ensuring a strong economic recovery be mutually exclusive goals? Are there ways for federal legislators to address both at once? Why are net operating loss deductions an essential tool for ensuring liquidity and how can lawmakers further build on the CARES Act in this regard? What’s the best way to design unemployment relief to provide support to those in need without jeopardizing future employment? Featuring: Karl Smith, Vice President for Federal Tax and Economic Policy, Tax Foundation Justin Field, Senior Vice President of Government Affairs, National Venture Capital Association Laura Yamanaka, Board Chair, National Association of Women Business Owners (NAWBO) Institute for Entrepreneurial Development Panel 2: Addressing State Budget Shortfalls (noon – 1:00 p.m. ET) How serious are state budget shortfalls, how much has the federal government already delivered in aid, and should it do more? If so, how can Congress minimize negative consequences in the future? States are considering a range of tax policies to help bolster their budgets—gross receipts taxes, head taxes, digital services taxes, excise taxes. How do these options compare to more traditional revenue sources? What solutions should states pursue to address near-term budget gaps while achieving long-term stability? Featuring: Jared Walczak, Vice President of State Projects, Tax Foundation Kathryn White, Director of Budget Process Studies, National Association of State Budget Officers (NASBO) Morgan Scarboro, Manager, Tax Policy & Economist, Multistate Associates Note: You are free to attend either panel discussion, or both. If you only plan to attend the second panel, simply register below and tune in to the discussion at noon Eastern Time.