Policy Issues

Roundtable Analysis and Summary of The American Rescue Plan

March 8, 2021

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The American Rescue Plan, as passed by the House and amended by the Senate, bill provides $651 billion in tax cuts, offset by $62 billion in tax increases. All of the tax relief essentially is delivered in 2021 ($468 B) and 2022 ($161 B). (JCT revenue table).

See Summary and Analysis of Key Economic Provisions in The American Rescue Plan for more information.