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
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
As COVID-19’s health and economic impacts intensify, creating huge state budget shortfalls, states and local governments are laying off workers and slashing support for schools ... Read more
Some wrongly argue that federal policymakers should “wait and see” before giving states more fiscal aid to help address their huge, recession-driven revenue shortfalls, in ... Read more
Created in 1935, unemployment insurance is a form of social insurance, with contributions paid into the system on behalf of working people so that they ... Read more
