off the charts
BEYOND THE NUMBERS
BEYOND THE NUMBERS
In Case You Missed It...
This week on Off the Charts, we focused on the economy, the federal budget and taxes, the safety net, and state budgets and taxes.
- On the economy, Chad Stone noted that the November jobs report paints a familiar picture of moderate job creation and stubbornly high unemployment. He also explained why letting federal emergency unemployment insurance expire at the end of the month would harm workers and the economy, and he showed that we have never let an emergency unemployment insurance program expire when unemployment is as high as it is now.
- On the federal budget and taxes, we issued a statement from Robert Greenstein on the House Republicans’ budget offer and highlighted his appearance on “CBS This Morning,” where he explained why Congress should resolve the “fiscal cliff” and raise the debt limit at the same time. We also excerpted comments from Peter Orszag, former director of the Office of Management and Budget and of the Congressional Budget Office, on capping itemized deductions for upper-income households. Finally, Chye-Ching Huang explained why policymakers shouldn’t raise the threshold for expiration of President Bush’s tax cuts.
- On the safety net, we highlighted Stacy Dean’s discussion on National Public Radio’s “Diane Rehm Show” of the importance of SNAP (food stamps) in reducing poverty and hunger.
- On state budgets and taxes, Nicholas Johnson pointed to a New York Times series on the connection between lucrative state tax breaks for corporations and the underfunding of schools and infrastructure. Chris Mai explained why a federal deficit-reduction package would harm states and localities if it didn’t include significant revenues. Chye-Ching Huang showed how many workers in each state would benefit from extending the payroll tax cut for one more year.
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