1、 COVID-19 and Direct Payments to Individuals: Estimated Impact of Recovery Rebates in H.R. 748 on Family Incomes Conor F. Boyle Analyst in Social Policy Jameson A. Carter Research Assistant Updated March 26, 2020 H.R. 748 (CARES Act), as passed by the Senate on March 25, 2020, includes many provisio
2、ns designed to provide emergency relief to the economy in response to the effects of the COVID-19 pandemic. One such provision of H.R. 748 is the “2020 recovery rebate,” a direct payment made to individuals. Similar “recovery rebates” were sent to individuals in response to the 2001 and 2008 recessi
3、ons. Several Members of Congress have recently proposed varying forms of direct payment, and two earlier versions of the CARES Act (S. 3548 and a draft circulated on March 22, 2020) also included a direct payment proposal. The direct payment in H.R. 748 is structured similarly to the 2008 recovery r
4、ebates. The rebate takes the form of an advance refundable tax credit, and would rely on the tax system to pay the credit to eligible individuals. As such, this Insight refers to eligible individuals as “taxpayers.” In general, taxpayers would be eligible for a rebate of $1,200 ($2,400 if the taxpay
