The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and …
Jun 13, 2024 · Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.
House Committee Farm Bill’s $30 Billion SNAP Cut, Other Harmful ...
Aug 8, 2024 · The House Agriculture Committee’s farm bill would return SNAP to the de facto policy prior to 2021, in which the cost of the TFP was adjusted only for inflation. [6] SNAP households would receive roughly $30 billion less in benefits over the 2027-2033 period than under current law, based on CBO estimates. [7] Every SNAP participant would experience a benefit cut: roughly $7 less per person ...
House Republican Bills Deeply Cut Programs That Help Low …
Nov 22, 2024 · When policymakers finalize fiscal year 2025 appropriations bills, they should reject those approved by the Republican majority on the House Appropriations Committee as a guidepost.
House Republican Agendas and Project 2025 Would Increase …
Sep 3, 2024 · Executive Summary Over the last several months, groups of House Republicans and the Heritage Foundation have released policy agendas that, taken together, would create a harsher country with higher poverty and less opportunity, where millions of people would face higher costs for health care, child care, and housing, and millions more would lose health coverage — all while wealthy households ...
Chart Book: Tracking the Recovery From the Pandemic Recession
Apr 3, 2024 · Substantial relief and recovery measures helped fuel an economic recovery beginning in May 2020 that made the deepest recession in the post-World War II era also the shortest.
A Closer Look at Who Benefits from SNAP: State-by-State Fact …
Feb 13, 2023 · The Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps) is the nation’s most important anti-hunger program, reaching 38 million people nationwide in 2019 alone. These fact sheets provide state-by-state data on who participates in the SNAP program, the benefits they receive, and SNAP’s role in strengthening the economy.
Policy Basics: Deficits, Debt, and Interest - Center on Budget and ...
Nov 20, 2024 · Deficits (or surpluses), debt, and interest are three central budget concepts. For any given year, the federal budget deficit is the amount of money the federal government spends minus the amount of revenue it takes in. The deficit drives the amount of money the government must borrow in any single year, while the debt is the cumulative amount of money the government has borrowed throughout ...
Homepage | Center on Budget and Policy Priorities
Jan 14, 2025 · The Center on Budget and Policy Priorities (CBPP) is a nonpartisan research and policy institute that pursues federal and state policies designed both to reduce poverty and inequality and to restore fiscal responsibility in equitable and effective ways.
Policy Basics: Where Do Our Federal Tax Dollars Go? - Center on …
Jul 18, 2024 · The federal government collects taxes to finance various public services. As policymakers and the public weigh key decisions about revenues and expenditures, it is important to examine what the government does with the money it collects.
Hitting the Debt Limit: 3 Things to Know - cbpp.org
Dec 17, 2024 · The government must suspend or raise the limit to prevent default, which would be deeply damaging and disruptive for people across the U.S., financial markets, and the economy.