Tax expert on Covid-19-era payouts, advice for taxpayers
University of Maryland, Robert H. Smith School of Business
Branches of the United States military are now feeling the effects of the coronavirus, and that has U.S. military leaders facing a completely new challenge— how to maintain an elite state of readiness against threats, both foreign and domestic while fighting an invisible, deadly virus.
As February turned to March, the race for the White House dominated daily news coverage, social media feeds, and office and dinner conversations. Pretty typical during an election year. As Super Tuesday came and went, candidates for the Democratic Party nomination continued to bow out of the race to set up an epic showdown between Bernie and Biden.
A $2 trillion, bipartisan relief package — the largest in U.S. history — was signed into law March 27 to address the economic downfall fueled by the COVID-19 pandemic. Will it help?Research examining how households use similar payouts, like the tax refund, can help shed light on what households might do next, says an expert on asset building at the Brown School at Washington University in St.
What drives household consumption? Standard theories of consumer behavior may not fully account for a major driver of spending (or not spending). Professor Dan Murphy and colleagues have a new model to help us understand consumption choices and the broader effects of policymakers’ attempts to stimulate the economy.
By: Bill Wellock | Published: April 8, 2020 | 1:43 pm | SHARE: As COVID-19 continues to sweep across the globe, the virus has infected Boris Johnson, prime minister of the United Kingdom. Johnson has delegated authority to other members of his administration while he is receiving care. Meanwhile, Queen Elizabeth II addressed the nation in a rare public broadcast calling for optimism and resolve in the face of the pandemic.
By: Mark Blackwell Thomas | Published: April 3, 2020 | 9:41 am | SHARE: As coronavirus continues to upend day-to-day life, the upcoming 2020 elections will also be affected. In Ohio, where the governor canceled that state’s primaries, we see one vivid example of how the global pandemic has already impacted elections here in America.
Jeffrey Bergstrand, professor of finance, said the just-passed Phase Three package should be sufficient to stabilize the economy and emphasized the need for Phase Four, which he said “will bring some stimulus to aggregate demand if there is a government infrastructure program put in place.”
When it comes to mitigating the effects of COVID-19 in America, President Trump has made his opinion clear: states need to do more. The problem? Many governors have said they either don’t completely agree with that approach or outright think the opposite. What’s the right approach? Probably somewhere in between, according to Virginia Tech political scientist Karen Hult.