This week at CBPP we focused on the federal budget and taxes, the economy, and the safety net.
On the federal budget and taxes, ahead of Labor Day, Chuck Marr highlighted new state-by-state data showing how expanding the Earned Income Tax Credit for workers not raising children in the home would help low-wage workers across the country. David Reich explained why proposals to address “unauthorized” appropriations would likely do more harm than good.
On the economy, a new report from CBPP’s Full Employment Project examined how changes to the Federal Reserve’s monetary policy rules and targets could promote full employment. We also updated our chart book on the legacy of the Great Recession.
On the safety net, Isaac Shapiro provided the data behind our new fact sheets on how much government programs reduce poverty in each state.
Chart of the Week: Proposals to Extend the EITC for Workers Not Raising Children in the Home Would Benefit a Wide Range of Occupations
Proposals to Extend the EITC for Workers Not Raising Children in the Home Would Benefit a Wide Range of Occupations
Workers helped under Obama, Ryana plans
Workers helped under Brown, Neal plans
Custodians and building cleaners
Waiters and waitresses
Laborers and freight, stock, and material movers
Maids and housekeeping cleaners
Grounds maintenance workers
Nursing, psychiatric, and home health aides
Stock clerks and order fillers
Personal and home health care aides
Child care workers
Food preparation workers
Figures are rounded to the nearest 1,000. Estimates from CBPP analysis of data from the Office of Tax Analysis and three years of the American Community Survey (2012-2014). a Numbers helped by the Ryan plan may be smaller than listed for some groups because the Ryan proposal does not extend eligibility to workers age 65 and 66, as the Obama plan does.
A variety of news outlets featured CBPP’s work and experts recently. Here are some highlights:
Join CBPP’s Chuck Marr and Chye-Ching Huang Wednesday, September 7th at 1pm EDT for a tweetchat. They will be answering questions about why the EITC should be expanded for workers not raising kids in the home. Follow along at #ExpandEITC.