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February 5, 2016

This week at CBPP, we focused on housing, health, state budgets and taxes, the federal budget, and the economy.

On housing, Will Fischer lauded House passage of reform legislation that would...
February 5, 2016

Startups and young, fast-growing companies create most new jobs during economic expansions, as we explain in our new report summarizing recent research on the dynamics of job creation.

“Startups” ― firms in their first year of existence ― play a critical role in job creation,...

February 4, 2016

The 2017 budget proposal that President Obama will release next week may include something the final 2016 budget lacked: a renewed commitment to reducing homelessness and helping more low-income families to afford decent rental housing.

As we’ve reported, the...

Sequestration Caused Deep Cuts in Housing Vouchers
February 4, 2016

Those brave enough to predict think that tomorrow’s jobs report will show a net gain of 188,000 payroll jobs (compared with 292,000 in December) and an unchanged 5.0 percent unemployment rate.  Unless tomorrow’s numbers are substantially different from that, they shouldn’t change the prevailing narrative that labor market conditions continue to...

Job Seeking
February 4, 2016

The President’s 2017 budget will recommend improvements in the “Cadillac tax” — the excise tax on high-cost health insurance plans.  While some suggest repealing the tax, reforming it to preserve most of its revenues and its ability to slow health care cost growth makes far more sense.  The President’s proposal, which Council of Economic Advisers Chairman Jason Furman and the Council’s Chief...

Health - Money and Stethoscope
February 3, 2016

To create jobs and build strong economies, states should focus on producing more home-grown entrepreneurs and on helping startups and young, fast-growing firms already in their state to grow ― not on cutting taxes and trying to lure businesses from other states.  That’s the conclusion from a new analysis of data about which businesses create jobs and where they create them, as we explain in a...

Infographic: The Vast Majority of Job Creation Comes From...
February 3, 2016

By an extraordinary 427-0 vote, the House has now passed housing reform legislation that — through its rental assistance provisions — would deliver important benefits to low-income families, seniors, and people with disabilities.  The Senate should act promptly on this important bipartisan...

Apartment Building
February 2, 2016

Testifying at today’s House Financial Services subcommittee hearing on federal spending and the debt limit, CBPP Chief Economist Chad Stone explained that policymakers should focus not just on spending but also on revenues in addressing our long-term budget challenges — and the statutory limit on federal debt...

E Pluribis Unum Budget
February 1, 2016

Some critics cite the Congressional Budget Office (CBO) estimates of enrollment in health reform’s marketplaces to argue that...

Health Marketplace on an iPad
February 1, 2016

States have lots at stake in the legal dispute over President Obama’s executive actions giving certain unauthorized immigrants temporary legal status and enabling them to apply for temporary work...

Unauthorized Immigrants Contribute Billions in State and Local Taxes