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.
Raising Social Security’s Retirement Age Would Cut Benefits for All …
Apr 25, 2023 · Some policymakers, such as those on the Republican Study Committee, have proposed to raise Social Security’s full retirement age to 70 and beyond. [1] Raising the retirement age cuts benefits for all new retirees — that is, those claiming Social Security benefits for the …
State Budgets Basics | Center on Budget and Policy Priorities
May 24, 2022 · State budget decisions should matter to all of us. State budgets affect the quality of life of workers, families, and communities across the nation ― they decide the fate of roads, schools, health care, public transportation, clean air and water, and much more.
Chart Book: Tracking the Recovery From the Pandemic Recession
Apr 3, 2024 · Relief Legislation, Better Virus Control Key to Solid Jobs Recovery. Total nonfarm employment fell by 1.4 million jobs in March 2020 and a staggering 20.5 million jobs in April, creating a 22 million jobs deficit since the start of the recession and largely erasing the gains from a decade of job growth.
Policy Basics: Deficits, Debt, and Interest
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.
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...
Policy Basics: Introduction to the Federal Budget Process
Oct 28, 2024 · Summary. Each year’s budget process in Congress requires, at a minimum, enactment of appropriations covering all discretionary programs. Congress is also likely to pass legislation affecting some mandatory spending, to renew programs if funding is expiring or to change eligibility, benefits, or funding, or to create new programs.
SNAP: State by State Data, Fact Sheets, and Resources
Feb 13, 2023 · This page contains links to resources and fact sheets organized by state.
Economic Growth: Causes, Benefits, and Current Limits
Apr 27, 2017 · The beneficiaries don’t fit anyone’s reasonable definition of a small business. They include hedge fund managers, consultants, and investment managers, who are among the pass-through business owners currently in the 39.6 percent tax bracket; the 400 highest-income taxpayers in the country, who have annual incomes exceeding $300 million each and receive …
Policy Basics: Understanding the Social Security Trust Funds
Jul 24, 2024 · Few budgetary concepts generate as much unintended confusion and deliberate misinformation as the Social Security trust funds. The trust funds are invested in Treasury securities that are just as sound as all other U.S. government securities, held by investors around the globe and regarded as being among the world’s safest investments.