"The damage from Hurricane Katrina raises at least four issues that might be addressed by tax policy. The first issue is that the effect of the disaster, particularly given the potential impact on energy prices, might contract the overall economy, suggesting some need for a fiscal stimulus. [...] A second issue is whether the rise in energy prices should be addressed by some redistribution from energy producers to consumers, or some general relief. [...] A third issue is whether or not tax measures might be used to provide relief for the victims. [...] A fourth issue is what role tax subsidies might play in the longer term rebuilding of the area."
CRS Report for Congress, RL33088