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February 3, 2020

In finalizing its regulations on the 2017 tax law’s “opportunity zones,” the Treasury Department took some questionable business giveaways that were included in its proposed regulations and actually expanded them.

The Joint Committee on Taxation (JCT) has nearly doubled its estimate of the zones’ cost in lost federal revenue, and the new regulations could raise those costs even more....

Projections of Lost Revenue From Opportunity Zones Have Nearly Doubled
January 31, 2020

This week at CBPP, we focused on health, housing, state budgets and taxes, federal taxes, food assistance, and the economy.

On health, Aviva Aron-Dine warned that Medicaid “block grant” guidance from the Centers for Medicare & Medicaid...
January 31, 2020

February 10, 2020: We have updated the number of renter households paying more than 30 percent of their income for housing.

Despite a strong economy, the number of renter households paying too much for housing — more than 30 percent of their income, the federal government’s threshold for unaffordability — rose to nearly 21 million in 2018,...

Renters With the Lowest Incomes Are Most Likely to Pay Too Much for Housing
January 31, 2020

Today is Earned Income Tax Credit (EITC) Awareness Day, a time to bring attention to the EITC and other refundable tax credits to encourage more eligible taxpayers to claim them. Some 25 million working households claimed nearly $63 billion in federal EITCs last year.

The EITC’s critical...

Father and Kids Outside
January 30, 2020

Public comments are due Saturday on a proposed rule from the Centers for Medicare and Medicaid Services (CMS) that would affect how states fund Medicaid. Were CMS to finalize the rule, it could prompt states to cut benefits and eligibility as well as provider payments, jeopardizing access to care for millions of...

Stethoscope on money
January 29, 2020

Tomorrow’s expected Medicaid guidance from the Centers for Medicare & Medicaid Services (CMS) will reportedly encourage states to seek federal waivers capping their federal funding for the Affordable Care Act’s (ACA) Medicaid expansion and weakening federal protections for the low-income adults it covers.

Here are four points to keep in mind in evaluating the guidance, along with...

In Focus: Medicaid Expansion Could Save as Many Lives as Seatbelts
January 29, 2020

In a move that will likely have deeply harmful effects, Wisconsin next week will become the first state to implement a policy to take Medicaid away from people in poverty who don’t pay premiums — and the latest to impose harmful barriers on health coverage for...

Medical professionals wheeling patient down hallway in medical facility
January 27, 2020

Amid lots of recent talk about the federal government’s need to tax large concentrations of wealth more heavily, state policymakers also should tax wealth better as state budget season begins.

State tax systems have helped drive the nation’s extreme wealth concentration, as wealthy individuals and corporations used their political power to shape state tax policies to their benefit. In...

January 24, 2020

This week at CBPP, we focused on health and the economy.

On health, Aviva Aron-Dine, Tara Straw, and Sarah Lueck explained how Georgia’s proposed changes to its private health insurance puts coverage at risk for tens of thousands of...
January 17, 2020

This week at CBPP, we focused on health, housing, the economy, food assistance, and state budgets and taxes.

On health, Hannah Katch noted that Medicaid can partner with housing providers and others to address enrollees’ social...