Fact Sheets

The spread of COVID-19 has unleashed a health and economic crisis of unprecedented scope. Millions of workers have lost their jobs, despite the passage of sizeable stimulus packages, and unemployment rates are projected to remain high through 2021. Many families’ incomes will drop precipitously this year, and boosting their incomes will be critically important to ensure their well-being, enable them to meet basic needs, and stabilize the economy.

In addition to increasing nutrition assistance, housing assistance, unemployment insurance, and other income supports, lawmakers must expand refundable tax credits to help mitigate the economic devastation of COVID-19 and ensure an equitable recovery.

Published On: April 28, 2020Associated Issues: Family Tax CreditsFederal Tax PolicyTax & Budget
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