Families Need More Pandemic Tax Relief, Democrats Say
Stephen Cooper | Law360
“But Alex Brill of the right-leaning American Enterprise Institute said Congress shouldn’t approve more costly economic recovery payments because they aren’t well targeted toward households directly impacted by the pandemic.
Despite bipartisan support in the House and Senate, Brill advised lawmakers to “minimize the size and scope of the payments if unable to avoid this policy entirely.”
Brill supported an expansion of the employee retention tax credit, which was enacted under the CARES Act to encourage companies to pay salaries and provide health insurance benefits in the hope that normal business operations can resume quickly once the crisis ends. The Heroes Act would make the credit worth 80% of qualified wages up to $15,000 per calendar quarter and up to $45,000 for the calendar year.”
