Number: RL33088
Title: Tax Policy Options After Hurricane Katrina
Authors: Jane G. Gravelle, Government and Finance Division 
Abstract: The damage from Hurricane Katrina raised at least four issues that might be addressed by tax policy. This report provides an overview, beginning with national issues and then addressing local issues. Most of the legislative response to the disaster has been through spending in the region, with $62.3 billion in supplemental appropriations. There has been no fiscal stimulus bill directed at overall national economic performance. Congress passed a tax relief bill, H.R. 3768, of $6.1 billion (over ten years) and H.R. 4440, a bill containing tax provisions to encourage rebuilding.
Pages: 16
Date: October 23, 2006