This week at CBPP, we focused on state budgets and taxes, health, food assistance, and the economy.
On state budgets and taxes, Nicholas Johnson warned that today’s recession could hurt kids’ schooling even more than the
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POLICY INSIGHT
BEYOND THE NUMBERS
BEYOND THE NUMBERS
May 28, 2020
The CARES Act includes a $150 billion Coronavirus Relief Fund (CRF) to help states, populous cities and counties, tribal governments, and U.S. territories cover unanticipated costs from the COVID-19 pandemic and its economic effects. Working from Treasury Department...
May 28, 2020
The “risk corridor” provisions that were added at the last minute to the House-passed Heroes Act would provide an unnecessary benefit for health insurers and do not merit inclusion in the next COVID-19 relief bill. With no indication that health insurers’ net costs are rising due to the pandemic, even well-designed risk...
May 27, 2020
Whenever our kids return to school, a severely diminished learning experience awaits them unless the federal government learns an important lesson from the past and significantly boosts state aid — and soon.
The last time that states faced a budget crisis, in the wake of the Great Recession of a decade ago, emergency federal aid closed only about one-quarter of state budget shortfalls....
May 22, 2020
This week at CBPP, we focused on state budgets and taxes, food assistance, the federal budget, health, and the economy.
On state budgets and taxes, Erica Williams and Cortney Sanders outlined three principles for an anti-racist,...May 21, 2020
In our new series of brief videos, SNAP (food stamp) participants, policy experts, and others describe how SNAP helps Americans weather crises — including the current health and economic crisis — by supporting workers and those temporarily unemployed,...
May 20, 2020
SNAP (food stamps) responds quickly to increased need, such as during economic downturns and natural disasters, and the economic crisis spurred by COVID-19 is no exception. Indeed, the rise in the number of SNAP participants in recent weeks is unprecedented, with 2...
May 20, 2020
As economic projections worsen, so do the likely state budget shortfalls from COVID-19’s economic fallout. We now project shortfalls of $765 billion over three years, based on the new projections from the Congressional Budget Office (CBO) of yesterday and Goldman Sachs of last...
May 18, 2020
The Heroes Act, which the House passed May 15, includes an important SNAP (food stamp) benefit increase that would help families put food on the table when many are struggling and provide stimulus for the economy when it’s most needed. We urge the Senate to quickly approve this SNAP boost.
The severe economic downturn has hit low-income households the hardest, early evidence shows, many...
May 15, 2020
This week at CBPP, we focused on the economy, state budgets and taxes, health, food assistance, housing, federal taxes, family income support, and Social Security.
On the economy, Robert Greenstein stated that the new package from House Speaker Nancy Pelosi would provide
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