Congress Must Guard People's Money In This Pandemic

In the national effort to meet the problems raised by COVID-19, Congress is moving to enact laws to help support the economy which has been badly hit by the pandemic.

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A number of economic bills have thus been filed in Congress, some from the administration. The Corporate Income Tax and Incentives Rationalization Act (CITIRA) is the name of a bill that replaced the Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO). It is billed as the second package of the Tax Reform for Acceleration and Inclusion Act (TRAIN) which became law in January, 2018.

There are new bills with similarly attractive acronyms – the Accelerated Recovery and Investments Stimulus for the Economy (ARISE) and the COVID-19 Unemployment Reduction and Education Stimulus (CURES).