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The American Rescue Plan Act: Potential Consequences for Clients

Brown Advisory

Tax credits, including an expansion of child tax credits, are the second-largest provision in ARPA and account for $338B over the next ten years. These challenges may signal future challenges in passing other parts of President Biden’s agenda, especially tax increases. According to the Bureau of Economic Analysis, the $1.9

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The American Rescue Plan Act: Potential Consequences for Clients

Brown Advisory

Download the Article. . The American Rescue Plan Act (ARPA) of 2021, the third in a massive series of COVID-19 relief packages, provides individuals and businesses with support in the form of direct payments, unemployment benefits, forgivable loans and other policy measures to promote the resumption of normal social and economic activities.

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Transcript: Aswath Damodaran

The Big Picture

You can stream and download our full conversation, including any podcast extras, on Apple , Stitcher , Spotify , Google and Bloomberg. RITHOLTZ: So that’s really interesting because what I wrote down was tax efficiency is one of the drivers. They were taxed as ordinary income at the highest marginal tax rate that was 80 percent.

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