This week at CBPP, we focused on the federal budget, federal taxes, family income support, health care, housing, state budgets and taxes, and the economy.
On the federal budget, Richard Kogan and Cecile Murray detailed the extreme budget cuts that a Senate proposal for a constitutional balanced budget amendment (BBA) would require. Chye-Ching Huang and Chloe Cho described how the Senate’s BBA proposal is extreme by international standards.
On federal taxes, Isaac Shapiro, Chuck Marr, and Chye-Ching Huang pointed out that Donald Trump’s public statements on taxes don’t match his plan, which would produce a tax windfall for millionaires. Chuck Marr recommended three steps Congress can take to help the IRS collect more of the billions in owed taxes that the agency fails to collect each year.
On family income support, Liz Schott highlighted a New York Times retrospective that showed how states have failed to use the flexibility afforded under welfare reform to prepare the poorest families for work or provide an adequate safety net when they can’t work.
On health care, Jesse Cross-Call warned that changes to Ohio and Arizona’s Medicaid programs, including new premiums, would make it harder for low-income adults to afford and maintain coverage. Paul Van de Water explained that Medicare’s proposed drug payment demonstration project should move forward.
On housing, Douglas Rice encouraged Congress to build on voucher programs’ success in reducing veterans’ homelessness by expanding vouchers to further reduce homelessness and help more low-income families afford housing.
On state budgets and taxes, Michael Mazerov urged New Jersey lawmakers to level the playing field for small, in-state corporations competing with larger corporations by requiring companies to use “combined reporting” when calculating their income taxes.
On the economy, we updated our chart book on the legacy of the Great Recession.