Policy Issues
Roundtable Analysis and Summary of The American Rescue Plan
March 8, 2021
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.