For Immediate Release
CEPR Releases Summary of Tax and Benefit Provisions in the American Recovery and Reinvestment Act
WASHINGTON - As the Senate debates its version of the American Recovery and Reinvestment Act, the Center for Economic and Policy Research (CEPR) released today, a summary of the acts' individual, corporate, and renewable- energy tax provisions.
The summary lists current provisions, how these would change under the
new legislation, and notes differences in the House and Senate versions
of the act. The summary also reports on the estimated costs of the
legislation in both the House and Senate from 2009-2019.
In addition, the summary contains data on the distribution of new
benefits by income quintile as well as breakdowns of average tax
benefits, average amount of benefits and the share of tax units
receiving new benefits under the various credits.
The full summary can be found here (PDF).
The Center for Economic and Policy Research (CEPR) was established in 1999 to promote democratic debate on the most important economic and social issues that affect people's lives. In order for citizens to effectively exercise their voices in a democracy, they should be informed about the problems and choices that they face. CEPR is committed to presenting issues in an accurate and understandable manner, so that the public is better prepared to choose among the various policy options.