Stimulus Proposals
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Case For a Social Security Cost-of-Living Adjustment in 2010 Is Weak
Updated October 15, 2009
Under current law, there will be no cost-of-living adjustment (COLA) in Social Security in 2010 — the first time that has happened since automatic cost-of-living adjustments began in 1975. Several bills before Congress would grant a special increase in Social Security payments for 2010. The inflation … -
Huffington Post Op-ed: Should Progressives Shun the Economic Recovery Package?
February 20, 2009
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Recovery Agreement Temporarily Expands Child Tax Credit for Large Numbers of Children in Every State
February 12, 2009
The economic recovery plan that a congressional conference committee has approved will expand the Child Tax Credit for 13 million children in low-income working families. Under the agreement, the child credit will reach 2.9 million new children and will provide another 10 million children with a larger credit than they would have received … -
Statement: Robert Greenstein on the Conference Agreement on the Recovery Package
February 12, 2009
The economic recovery agreement is a major achievement that should provide timely and substantial stimulus to the deteriorating economy. The agreement improves significantly on the Senate bill, paring back several costly Senate-passed tax cuts that would have provided little “bang for the buck” in terms of economic stimulus, while … -
Testimony: Sharon Parrott at the Hearing "Building a Foundation for Families: Fighting Hunger, Investing in Children" before the House Budget Committee
February 12, 2009
Thank you for the opportunity to speak with you today about the current recession, its impacts on poverty and families, and the recovery package. The current recession already has pushed up the unemployment rate from 4.9 percent in December 2007 to 7.6 percent in January 2008. Alternative measures of the labor market paint a bleaker picture.… -
Podcast: Key Differences in the House and Senate Stimulus Plans
February 10, 2009
This podcast featuring Robert Greenstein and Len Burman (Co-director, Urban Institute-Brookings Institution Tax Policy Center and Senior Fellow, Urban Institute) discusses the key differences between the House and Senate economic recovery packages in both the tax and spending areas and address how Congress should resolve them.
Duration: 25:23
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Attacks on Congressional Recovery Package Don't Withstand Scrutiny
February 5, 2009
The public debate over the economic recovery package working its way through Congress[1] has become more muddled and incoherent than the critics’ caricature of the package itself. New York Times columnist David Brooks, for example, describes the package as a “sprawling, undisciplined smorgasbord.”[2] Those words may be more appropriately applied to the case … -
Podcast: Reality Check on the Stimulus Debate
February 5, 2009
This podcast featuring Robert Greenstein discusses whether stimulus proposals being offered in the Senate this week would make the overall recovery package more or less effective in boosting the economy. He also addresses a number of misconceptions circulating around the House and Senate recovery packages.
Duration: 16:50
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Proponents of Estate Tax Repeal Resurrecting Old Misconceptions
February 2, 2009
With Congress expected to debate permanent changes in the estate tax in coming months, some proponents of repealing the tax or weakening it beyond its current form are resurrecting old misconceptions about the tax. For example, a recent Wall Street Journal editorial claimed that repealing the estate tax would increase national saving and that U.S. estate taxes are high … -
Criticisms of House Recovery Package Are Misplaced
January 16, 2009
Contrary to criticisms by some, the House economic recovery package unveiled yesterday is well designed to boost employment and the economy. It contains a number of spending measures crafted to inject more aggregate demand into the sagging economy over the next two years. It also contains tax measures that, while generally less effective as stimulus …
