Federal policymakers should substantially increase the federal share of Medicaid costs to help prevent states from cutting payments to health care providers, which would likely ... Read more
Unless federal policymakers provide enough aid to states, localities, territories, and tribal governments to offset all or nearly all of their massive revenue losses due ... Read more
This triggered increase in federal Medicaid assistance would go a long way toward closing the large recession-related gaps emerging in state budgets and reduce the need for harmful program cuts and tax increases. Read more
Policymakers gave the IRS additional funds in the CARES Act of March, acknowledging that the agency is playing a critical role in responding to today’s ... Read more
COVID-19 has triggered a severe state budget crisis. While the full magnitude of this crisis is not yet clear, state revenues are declining precipitously and costs are rising sharply with many businesses closed and tens of millions of people newly unemployed. Read more
Some policymakers are considering whether to make certain business tax credits temporarily refundable — that is, available to firms that don’t have enough ... Read more
Borrowing is not a viable substitute for the substantial direct aid states need to offset their sharp revenue declines and cost increases stemming from COVID-19. Read more
This week at CBPP, we focused on health, state budgets and taxes, Social Security, federal taxes, food assistance, and the economy. On health , Aviva ... Read more
