| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w27426
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| 来源ID | Working Paper 27426
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| Implications of the Covid-19 Pandemic for State Government Tax Revenues |
| Jeffrey Clemens; Stan Veuger
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| 发表日期 | 2020-06-29
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| 出版年 | 2020
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| 语种 | 英语
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| 摘要 | We assess the Covid-19 pandemic’s implications for state government sales and income tax revenues. We estimate that the economic declines implied by recent forecasts from the Congressional Budget Office will lead to a shortfall of roughly $106 billion in states’ sales and income tax revenues for the 2021 fiscal year. This is equivalent to 0.5 percent of GDP and 11.5 percent of our pre-Covid sales and income tax projection. Additional tax shortfalls from the second quarter of 2020 may amount to roughly $42 billion. We discuss how these revenue declines fit into several pieces of the broader economic context. These include other revenues (e.g., university tuition and fees) that are also at risk, as well as assets (e.g., pension plan holdings) that are at risk. Further dimensions of context include support enacted through several pieces of federal legislation, as well as spending needs necessitated by the public health crisis itself. |
| 主题 | Public Economics
; Subnational Fiscal Issues
; COVID-19
|
| URL | https://www.nber.org/papers/w27426
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585099
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推荐引用方式
GB/T 7714 |
Jeffrey Clemens,Stan Veuger. Implications of the Covid-19 Pandemic for State Government Tax Revenues. 2020.
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文件名：
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w27426.pdf
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格式：
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Adobe PDF
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