The Biden Administration today released an executive order directing federal agencies to “reconsider rules and other policies that limit Americans’ access to health care and consider actions...
BEYOND THE NUMBERS
Tomorrow, January 29, is the 15th annual Earned Income Tax Credit (EITC) Awareness Day, a time to bring attention to the EITC’s benefits and help more eligible people claim it. That’s all the more important this year, as families struggle with the hardship caused by COVID-19 and the deep recession....
Hardship remains high across the board although some measures halted their upward trend in early January, Census data released today show. Millions of people report that their household didn’t get enough to eat, isn’t caught up on rent, or struggled to cover usual expenses. While the relief package enacted in December amidst surging hardship and a stalling recovery will provide important help...
President Biden’s emergency relief plan includes a substantial investment in WIC to help it reach more eligible families, marking one of the plan’s several food assistance expansions to reduce today’s high levels of hunger and hardship. WIC, which is federally funded but operated by local...
President Biden’s emergency relief plan includes $1 billion to help states deliver much-needed aid to families with the lowest incomes through state Temporary Assistance for Needy Families (TANF) programs — which would mark an important step in the federal response to today’s extraordinary hardship across America.
One in 5 households with children are having trouble getting enough to...
President Biden’s $1.9 trillion emergency relief plan includes a Child Tax Credit expansion that would lift 9.9 million children above or closer to the poverty line, including 2.3 million Black children, 4.1 million Latino children, and 441,000 Asian American children. It also would lift 1.1 million...
This week at CBPP, we focused on the economy, the federal budget and taxes, state budgets and taxes, health, family income support, food assistance, Social Security, and poverty and inequality.
On the economy, CBPP President Sharon Parrott released a statement outlining how...The emergency relief plan that President-elect Biden announced yesterday would expand the Earned Income Tax Credit (EITC) for over 17 million adults not raising children at home who work hard at important, but low-paid, jobs. The EITC is a highly successful wage subsidy that’s earned bipartisan support over the years, but the current credit largely excludes adults who aren’t raising children...
Concerns about growing federal debt should not dissuade policymakers from enacting additional measures to respond to COVID-19 and the economic crisis it spurred, such as those President-elect Biden proposed yesterday. Although the debt is expected to reach new highs even without those measures, federal interest payments — which are the inescapable cost of debt — are low and projected to remain...
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