Business Tax Principles for Economic Recovery in the Time of Coronavirus

Assisting business liquidity is a crucial part of the policy response to today’s economic crisis. While some business tax measures can be helpful, policymakers must ensure that such measures are well-targeted, temporary, and effective, setting the stage for strengthening the corporate tax in the years ahead.



Bank Capital and the Coronavirus Crisis

The Federal Reserve must reverse course on costly bank capital mistakes that have increased the vulnerability of the banking system in the face of the coronavirus pandemic.



Climate Change and Municipal Finance

To address the fact that economic shocks caused by climate change will reduce state and local tax collections and increase infrastructure costs—creating additional risks for municipal bond investors—state and local issuers should adopt new climate risk disclosure standards to ensure accurate risk assessment and bond pricing.