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October 13, 2017 at 4:15 PM
BY
CBPP

This week at CBPP, we focused on federal taxes, health, housing, family income support, and poverty and inequality.

  • On federal taxes, Chuck Marr explained why the proposed increase in the Child Tax Credit included in the Republican tax framework would keep millions of low-income working families from benefiting. Marr, Emily Horton, and Brendan Duke detailed how Sen. Sherrod Brown and Rep. Ro Khanna’s proposal to expand the Earned Income Tax Credit would raise the incomes of 47 million working households. We described why repatriating multinational corporations’ foreign profits likely wouldn’t boost private investment.

    We updated several of our tax reform briefs, on how the GOP tax-cut plan emulates Kansas’ failed experiment; the U.S. corporate tax rate is in line with comparable countries; why tax cuts for the rich and corporations are unlikely to cause substantial job growth; that these cuts mainly benefit shareholders and CEOs, not workers; and debunking that corporate tax cuts and tax cuts for the rich would boost the economy.

  • On health, Sarah Lueck described how President Trump’s new executive order could destabilize health insurance markets and undermine protections for people with pre-existing conditions. We updated our Sabotage Watch tracker with an entry on the new executive order.
  • On housing, Lissette Flores explained why Congress should expand and strengthen the Department of Housing and Urban Development’s Family Self-Sufficiency program to help more low-income families build a path out of poverty.
  • On family income support, we updated our paper and policy brief showing that Temporary Assistance for Needy Family (TANF) benefits are too low to help families meet basic needs and are continuing to lose value.
  • On poverty and inequality, we updated our guide to statistics on historical trends in income inequality.

Chart of the week – Working-Class Families Are Left Behind After Several Decades of Unequal Income Growth

 

A variety of news outlets featured CBPP’s work and experts recently. Here are some highlights:

Trump says his tax plan would help small businesses. It may actually hurt them.
NJ.com
October 12, 2017

Experts Say Trump Order Could Upend Health Care System
NBC News
October 12, 2017

Children's Health Insurance Program is set to go bust
CBS News
October 11, 2017

Trump turns back to tax overhaul; pitch aimed at truckers
Associated Press
October 11, 2017

Puerto Rico faces looming Medicaid crisis
The Hill
October 7, 2017

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