id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-300460-jh6h83n9	Karnon, Jonathan	The Case for a Temporary COVID-19 Income Tax Levy Now, During the Crisis	2020-04-16		.txt	text/plain	1334	67	48	One policy option that could reduce the longer-term consequences of increased government spending in response to the crisis is a temporary COVID-19 income tax levy. This means increased tax revenue collected during the crisis is unlikely to displace economic activity or reduce population wellbeing and longer-term government revenue. The size of a COVID-19 levy would need to be determined (my preference is that households in the lowest income quintile would be exempted, with a 1% levy applied to the second quintile rising linearly to 4% for highest quintile), but the understanding that employed individuals are contributing to the effort to reduce the effects of an ongoing crisis, relative to their ability to contribute, may further reduce negative externalities. The characteristics of the economic effects of the COVID-19 pandemic-constrained consumption and the negative externalities associated with widespread unemployment and worsening social determinants of health-inform an expectation that temporary income tax levies will increase population wellbeing over the medium term, i.e. the next 5-10 years.	./cache/cord-300460-jh6h83n9.txt	./txt/cord-300460-jh6h83n9.txt