This week on Off the Charts, we discussed the federal budget and taxes, the economy, state budgets, and income inequality.
On the federal budget and taxes, Robert Greenstein warned that a potential provision of an upcoming payroll tax bill would deny unemployment benefits to hundreds of thousands of workers. We pointed to our new report showing that the tight annual funding limits scheduled for 2013-2021 will squeeze non-defense appropriations even more than defense, and Chuck Marr explained that Mitt Romney’s tax plan would worsen both deficits and inequality.
On the economy, Chad Stone outlined the implications of the December jobs report, highlighting our updated chart book.
On state budgets,Michael Leachman tallied the continuing decline in state and local public employment resulting from the recession. Also, as state policymakers look ahead to fiscal year 2013, we highlighted two CBPP reports showing the cuts in education and other public services that states are implementing this year.
On income inequality, Hannah Shaw discussed a new Congressional Research Service report finding that income growth at the top far outpaced growth elsewhere on the income ladder between 1996 and 2006.