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...
off the charts
POLICY INSIGHT
BEYOND THE NUMBERS
BEYOND THE NUMBERS
January 15, 2021
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...
January 15, 2021
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...
January 15, 2021
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...
January 15, 2021
President Trump sought to repeal the Affordable Care Act and, short of achieving full repeal, his Administration took many steps to undermine coverage and limit access to care — as we outline in a new brief (summarizing our comprehensive...
January 8, 2021
This week at CBPP, we released a statement from CBPP President Sharon Parrott on the events of January 5-6 in Georgia and Washington, D.C., stating that our democracy’s peaceful levers of change, not lies and violence, should be celebrated and strengthened....
January 8, 2021
A large and growing number of people are struggling to meet basic needs, according to Census Bureau Household Pulse Survey data released this week, and households with children in particular have had trouble affording enough food. The rise in hardship at the close of 2020 likely reflected, in part, weaknesses of the relief packages enacted in the spring, including measures that didn’t last...
December 24, 2020
Our site will slow down posting material for the next week-plus, but we’ll be back on our regular schedule when we return after New Year’s. We wish you and your loved ones a happy and safe holiday season.
This week at CBPP, we focused on poverty and inequality and food assistance.
On poverty and inequality, CBPP President Robert Greenstein released a...
December 18, 2020
This week at CBPP, we focused on poverty and inequality, state budgets and taxes, food assistance, health, and the economy.
On poverty and inequality, Catlin Nchako reported that pandemic hardship is worsening as relief programs near their expiration. We also updated...
December 17, 2020
Massachusetts yesterday became the first state to receive federal approval to issue benefits through the Pandemic EBT (P-EBT) program to replace the free or reduced-price meals that children are missing at school during this school year, but every other state has the authority and experience to begin issuing P-EBT benefits as well.
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