This is the Cater Daily Podcast for Monday, March 30th, 2020 on Caleb Brown.

The massive relief bill passed by Congress and signed by the President make some changes

to the tax code, albeit temporarily, to ease the burden businesses face from the fallout

of the coronavirus sweeping the planet.

Nicole Kating of the National Taxpayers Union identifies three specific elements

that she believes are helpful.

We spoke late last week.

Traditionally, we think of economic stimulus as being bills passed by Congress that are trying to influence

aggregate demand in the economy. They're trying to grow the economy. If we think back to 2008 and 2009, this was the economic theory. If we give

individuals money, they will go and spend it and that will grow the U.S. economy. This bill is different. We actually know that individuals

can't really spend money right now. Movie theaters are closed, bowling

alleys are closed, restaurants are closed, their gym is closed. And so this bill is not actually

about trying to grow the U.S. economy. What it's trying to do is keep individuals and

affected businesses afloat. We're trying to give them some cash

so that their budget can stay close to hold for the next two months, so that when we can reopen the economy when the virus is

under control they will be in a good place. We can't grow the economy right now

but we can prevent it from falling. As of this morning unemployment claims were the largest on

record nearly 3.3 million people filed for unemployment. How does that change with respect to our tax system?

In short, we expected unemployment claims to be quite high this morning.

We assumed that a number of people were going to be laid

off as part of this virus and that's why it was so important for Congress to act.

I'm someone who tends to be fairly skeptical of congressional action in terms of economic stimulus, but I was leading the

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