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Posts by Iris J. Lav

Trump Tax Plan Would Make States’ Job Still Harder

May 1, 2017

The new Trump tax plan would rob states of revenues they need to serve their residents at a time when states already face significant fiscal distress, with over half of them projecting budget shortfalls for fiscal year 2018. And it would add to the problems...

Maine state house

Trump Budget Slashes State and Local Grants at Tough Time for States

March 17, 2017

President Trump’s new budget would push huge additional costs to states at a time when most of them lack the revenue to pay for current services.  Low-income families would be particularly hard hit, as the budget eliminates or deeply cuts funding for a wide array of state programs and services that help these families overcome hard times and rise into the middle class. 

The budget...

Budget of the U.S. Government, FY 2017

Federal Grants to States and Localities at Risk

February 24, 2017

Federal grants to state and local governments help fund a number of critical programs and services on which residents rely. But they’re already at historically low levels as a share of the economy, and proposals from President Trump and congressional Republicans would shrink them further — potentially diminishing or eliminating the programs they support.

Federal grants provide roughly...

Federal Grants for States and Localities at Historically Low Levels

Cantor and Bernanke Got It Right: State Bankruptcy Law Is a Bad Idea

January 25, 2011

Two prominent voices – a House Republican Congressional leader and the chair of the Federal Reserve – said recently that enacting a federal law to let states declare bankruptcy doesn’t make sense:

State Bankruptcy the Wrong Response to an Exaggerated Problem

January 21, 2011

Today’s New York Times report that Congress may consider allowing states to declare bankruptcy provides yet another example of the widespread misunderstanding of state budget problems.

False Alarms on State and Local Bankruptcy

January 20, 2011

We released a major report (and press release) today to correct the misconceptions behind recent media reports that states and localities are facing an imminent fiscal meltdown.

House Republican Budget Plan Would Hit States — and Economy — Hard

November 11, 2010

A recent budget proposal from House Republican leaders could lead to a $32 billion reduction in fiscal year 2011 funding for programs operated by state and local governments — a step that would be harmful at any time but would be extremely ill-advised at this time, with states facing unprecedented budget shortfalls and the expiration of fiscal relief from last year’s Recovery Act.

Federal Loans a Poor Alternative to State Fiscal Assistance

July 9, 2010

In a New York Times op-ed, Chris Edley rightly warns that state budget cuts and tax increases are undermining federal efforts to boost the economy; that’s why we’ve recommended (most recently here) that Congress extend the state fiscal assistance in last year’s Recovery Act.