BEYOND THE NUMBERS
In Case You Missed It...
This week at CBPP, we focused on the economy, income security, state taxes, health, and food assistance.
- On the economy, Chad Stone described how the economy remains resilient at mid-year. We also updated our chart book tracking the recovery from the pandemic recession.
- On income security, LaDonna Pavetti and Gina Azito Thompson emphasized how college support programs tailored to parents receiving income support from the Temporary Assistance for Needy Families program can expand employment opportunities, increase earnings, and promote equity.
- On state taxes, Samantha Waxman and Amelia Minkin noted that momentum for new and expanded state child tax credits and state earned income tax credits continued in 2023.
- On health, we updated our resource tracking states’ unwinding from continuous Medicaid coverage.
- On food assistance, we released videos of workers in Pittsburgh sharing how SNAP and Medicaid are essential in helping them make ends meet.
We also announced our new Vice President for People and Culture, John-Anthony Meza.
Chart of the Week — 14 States Have Adopted Child Tax Credits; 31 States, D.C., and Puerto Rico Have Adopted EITCs
14 States Have Adopted Child Tax Credits; 31 States, D.C., and Puerto Rico Have Adopted EITCs
*Refundable earned income tax credits (EITCs) give working households the full value of the credit they earn even if it exceeds their income tax liability.
*Refundable child tax credits are fully available to families with little or no earnings in a year. For details, see appendices in “States Can Enact or Expand Child Tax Credits and Earned Income Tax Credits to Build Equitable, Inclusive Communities and Economies.”
Note: Arizona’s Child Tax Credit is a one-time only rebate. Some states have specific rules regarding eligibility for these credits.
Sources: CBPP analysis.
A variety of news outlets featured CBPP’s work and experts this past week. Here are some of the highlights:
As Social Security Turns 88, Texans Are Counting On The Benefit
AARP
August 3, 2023
Homelessness in CT increased for second year in a row
Connecticut Mirror
August 1, 2023
Child tax credit 2023: What new proposals from Dems, GOP mean for you
USA Today
August 1, 2023
House Republicans aren’t done slashing food assistance and fighting over social issues
CNN
July 31, 2023
IRS funding battles loom large in September
Politico
July 31, 2023
Republicans want to cut food assistance for 5 million low-income babies and parents
Insider
July 28, 2023
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