This week at CBPP, we focused on poverty and inequality, federal taxes, state budgets and taxes, and the economy.
On poverty and inequality, Danilo Trisi cautioned that the Trump Administration’s overbroad proposed public charge definition could deny those without substantial means a chance to come to or stay in the United States. We noted that the Trump proposal to lower the poverty line would cut eligibility or benefits for many health, nutrition, and other basic assistance programs.
On federal taxes, Yixuan Huang reviewed how a proposal to expand the Earned Income Tax Credit and Child Tax Credit would boost the economic well-being of millions of Asian American and Pacific Islander American households.
On state budgets and taxes, Michael Leachman analyzed data showing that some states still provide much less K-12 funding per student than in the 2008 school year, when the Great Recession hit. Elizabeth McNichol explained how a proposed Connecticut capital gains surcharge would raise needed revenue, reduce inequality, and help the state’s economy.
On the economy, we updated our chart book on the legacy of the Great Recession.