Not much, explains my AEI colleague Kyle Pomerleau.
A few weeks after the passage of the CARES Act, commentators began criticizing the Act’s provisions liberalizing the tax treatment of business losses. A New York Times piece argued that one of the provisions was a giveaway to the real estate industry. A more recent Bloomberg article called the provisions a “stealth bailout” for oil and gas companies. While there is room to improve the provisions, they are neither a bailout nor a giveaway.