Friday, May 15, 2020

Automatic stabilizers omitted from HEROES bill

https://www.forbes.com/sites/benritz/2020/05/15/house-heroes-act-gets-the-trade-offs-wrong/#634d268dcbab

 

The author advocates eliminating the $1,200 per person payment and also “taxpayer subsidies for COBRA (which would cost taxpayers far more than expanding health-care coverage through the Affordable Care Act) and a two-year repeal of the cap on deductions for state and local taxes (SALT). Eliminating these three provisions would free up over half a trillion dollars that could be used to bolster automatic stabilizers without increasing the bill’s total cost.”

 

Charlie Cooper

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