Statement: Robert Greenstein and Chad Stone on the Senate-Passed Financial Rescue Legislation

The House should quickly approve the financial rescue plan that the Senate approved in strong bipartisan fashion yesterday. Further delay would leave the U.S. economy increasingly vulnerable to a contraction more severe than any since the 1930s — one that could trigger large increases in unemployment and poverty and the loss of a sizeable portion of many families’ retirement savings…

"The Senate-approved plan is far from perfect… The bottom line, however, is that the potential consequences of defeating this legislation are far too grave to ignore…" Read More
 

  Congressional Proposals

9/26/08
House and Senate Stimulus Packages Contain Three Highly Effective Provisions

Impact of Food Stamp Increases: House Proposal | Senate Proposal
The Number of Unemployed Exhausting Jobless Benefits
Federal Fiscal Assistance to States

9/10/08
Bonus Depreciation Tax Cut Unlikely to Provide Effective Economic Stimulus
Revised 6/17/08
House-Passed Housing Tax Package Improves Significantly on Senate Version: But Addressing the Foreclosure Crisis Will Require Other Measures
4/11/08
Ways and Means Committee Housing Tax Package Improves Significantly On Senate Version
4/8/08
Senate Housing Legislation Highly Disappointing: Three-Fifths of Cost of Senate Bill Goes For Tax Cuts That Will Do Little or Nothing to Address the Foreclosure Crisis
2/26/08
Net Operating Loss Measure under Consideration In Senate Has Low Bang-For-The-Buck As Stimulus
Updated 11/12/08
Policy Points: States in Trouble Due To Economic Downturn
Updated 11/12/08
State Revenues Plummet: July-September Revenue Numbers Are Worst in Years
Updated 11/12/08
State Budget Problems Worsen
Updated 11/12/08
Facing Deficits, Many States Are Imposing Cuts That Hurt Vulnerable Residents
10/20/08
Iris Lav, Deputy Director, Testifies Before House Budget Committee on State Fiscal Problems
Updated 10/10/08
States Face Two Immediate Financial Issues: Short-Term Borrowing and Big Budget Deficits
9/26/08
House Stimulus Plan Effectively Targets Relief to States
Updated 7/9/08
Economic Data Can Be Used To Target State Fiscal Relief Effectively
2/28/08
How States Can Avoid Revenue Loss From Federal Stimulus
Revised 1/8/08
Budget Cuts or Tax Increases at the State Level: Which is Preferable During an Economic Downturn?
11/24/08
Recession Could Cause Large Increases in Poverty and Push Millions into Deep Poverty: Stimulus Package Should Include Policies to Ameliorate Harshest Effects of Downturn
9/26/08
House Stimulus Plan Effectively Targets Relief to States
9/10/08
Bonus Depreciation Tax Cut Unlikely To Provide Effective Economic Stimulus
1/26/08
Dispelling Confusion on Food Stamps, Rebates, and Stimulus
1/22/08
Zandi Finds Rebates Should Include Lower-Income Workers: Food Stamps, Unemployment Benefits Get the Highest Ratings
1/14/08
The Four Pieces of Effective Fiscal Stimulus
Revised 1/17/08
Principles For Fiscal Stimulus
5/15/08
Statement By Robert Greenstein, Executive Director, on the House Supplemental Funding Bill
1/31/08
Senate Proposal to Add Unemployment Insurance Benefits Improves Effectiveness of Stimulus Bill
11/15/01
Unemployment Insurance as Economic Stimulus
 
2/1/08
Policy Points: Senate Finance Committee Measure More Effective As Stimulus Than House Bill, Despite Some Problems
Revised 2/1/08
Senate Rebate Proposal Targets More Funds to Low-Income Households, Boosting Stimulus Impact
1/31/08
Senate Action Will Not Delay Rebates
1/30/08
Repatriation Measure Unlikely to Stimulate the U.S. Economy or Boost U.S. Investment
1/25/08
An Analysis of Rebate Proposal
1/24/08
Statement: Robert Greenstein on Stimulus Deal
1/22/08
Fewer Than 60 Percent of Working Households Benefit Fully From President’s Tax Rebate
1/15/08
Tax Cuts That Will Not Work
1/22/08
Statement: Robert Greenstein on Administration Comments on Stimulus
Revised 1/22/08
Statement: Greenstein on the President's Stimulus Plan
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