COVID-19 cases are surging across the country and a widely available vaccine is still months away. The odds are quite that economic recovery will be a long, drawn-out process. As such, Congress is rightly debating a fifth economic recovery package.
What should that recovery package look like? Rob Atkinson explains in American Compass that lawmakers must structure a recovery package that addresses both short-term economic contraction and lays down the groundwork for robust, long-term recovery and competitiveness.
Rather than send most American workers another check or provide more forgivable loans to only small firms, Congress should allocate resources based on where they are needed the most -- and that includes investment incentives.