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The Coronavirus Aid, Relief, and Economic Security Act and its effects on state tax policies
Across ’s first term, reporting shows federal budget , with a sharp jump in 2020 tied to the pandemic response; available sources document deficits reaching roughly $1 trillion by 2019 and then expand...
States that employ rolling IRC conformity automatically import federal tax changes into their state base unless they enact specific legislative or administrative exceptions, and to protect revenue suc...
(NOL) carryforwards let a business or non‑corporate taxpayer apply a prior year’s deductible losses against future to reduce taxes; under current federal law most NOLs can be carried forward indefinit...
Alexandria Ocasio-Cortez explicitly said “I think the largest contributor to the debt ceiling, or to our deficit, has been the Trump tax cuts,” a quote reported by multiple outlets including Fox Busin...
Two competing bookkeeping stories exist about the roughly $7.8 trillion rise in U.S. deficits over the relevant span: one that isolates pandemic emergency laws and counts roughly $3.6–$3.9 trillion of...