This week at CBPP we focused on the federal budget and taxes, health care, family income support, food assistance, housing, Social Security, and state budgets and taxes.
On the federal budget and taxes, Isaac Shapiro and Chye-Ching Huang pointed to new analysis showing that most Americans would lose from President Trump’s proposed tax cuts once they’re paid for. Huang and Brandon DeBot explained how Senate Republicans are reportedly considering using an arcane budget measure that would make it easier to enact massive tax cuts benefitting the wealthiest Americans. Huang and DeBot also updated their analysis that shows corporate tax cuts would overwhelmingly benefit shareholders and CEOs, not workers, as the administration claims. Our brief summarized how Republican tax plans would exclude or even hurt small businesses. We updated our backgrounders on non-defense discretionary programs and the estate tax.
On health care, Edwin Park broke down the Congressional Budget Office’s findings of the severe harm that would result from stopping cost-sharing reduction payments.
On family income support, Tazra Mitchell clarified that despite claims from Maine officials, imposing a time limit on Temporary Assistance for Needy Families (TANF) benefits left most families without work or cash assistance. We updatedour TANF chart book.
On food assistance, we created fact sheets and a retailer’s database that highlight how SNAP is an important public-private partnership in every state. Ed Bolen explained why retailers’ participation in SNAP is crucial.
On housing, Alicia Mazzara noted that the gap between available federal rental assistance and the number of households in need is growing, and we updated our interactive showing more than 75 percent of low-income at-risk renters don’t receive assistance.
On Social Security, Guillermo Herrera discussed Social Security’s importance to women.
On state budgets and taxes, Eric Figueroa rounded up the states that enacted major revenue increases, rejected tax cuts, and created or expanded earned income tax credits this year.