Congress Unleashes Torrent of Cash, But Is It Working?

Congress has lowered the boom and allocated trillions of dollars to counteract the pandemic and its devastating economic fallout. It also made numerous tweaks to the tax code, all aimed at getting more money into people's wallets immediately. How's that working? Could Congress have been more effective by instead just dropping piles cash out of helicopters? That's the topic of a panel discussion on this week's episode of Talking Tax. Steven M. Rosenthal of the Urban Institute and Kyle Pomerleau of the American Enterprise Institute talk with moderator Colin Wilhelm, a Bloomberg Tax reporter, about the effectiveness of Congress' relief efforts and what it should do next.