That’s all the analysis of the President’s 2025 budget that we’ll be posting here. Watch our other spaces for our expert analysis on the federal budget and other issues. President’s Budget Prioritizes Key Investments Within Appropriations Cap President Biden’s budget, released before 2024 appropriations have been finalized, proposes annual appropriations for 2025 to fit within […]
The 2017 tax law’s 20 percent deduction for pass-through business income exemplifies the worst flaws of the law: it’s skewed to the rich, costs significant revenue, and has failed to deliver its promised economic benefits. And the pass-through deduction relies on a flawed rationale — that pass-through businesses needed a special new tax break to maintain […]
Many children and their custodial parents receive child support payments from non-custodial parents to help cover child-rearing costs. Child support can be a significant source of family income for families struggling to make ends meet. That is especially true for families receiving cash payments from the Temporary Assistance for Needy Families (TANF) program, who receive benefits […]
Recently at CBPP, we focused on health, federal tax, state budgets and taxes, the economy, and income security. Chart of the Week – Black, Latino People Are Overrepresented in Medicaid Coverage Gap A variety of news outlets featured CBPP’s work and experts recently. Here are some highlights: ‘Mansion tax' could help fund social services, according […]
More than 1.6 million uninsured adults are stuck in the Medicaid “coverage gap,” with no path to affordable health coverage. They have incomes below the federal poverty level (FPL) — too low to qualify for financial help in the Affordable Care Act (ACA) marketplaces — yet they don’t qualify for Medicaid because they live in […]
Millions of small-business and self-employed workers gained coverage under the Affordable Care Act (ACA). Their uninsured rates reached record lows in 2022, due in part to policies that stabilized Medicaid coverage and enhanced premium tax credits to lower the cost of health coverage for millions of people in the ACA marketplace. States that adopted the ACA Medicaid expansion also […]
Table of Contents Section 1Executive Summary This toolkit provides resources for advocates and state agencies seeking to streamline the eligibility verification process for Medicaid and SNAP. Federal law requires the state and county agencies that administer Medicaid and SNAP to verify that a client is eligible before approving or renewing benefits. An agency may have […]
In fiscal year 2023, the federal government spent $6.1 trillion, amounting to 22.7 percent of the nation’s gross domestic product (GDP). About nine-tenths of the total went toward federal programs; the remainder went toward interest payments on the federal debt. Of that $6.1 trillion, over $4.4 trillion was financed by federal revenues. The remaining amount […]
The Affordable Care Act (ACA) gave millions of newly eligible people access to affordable, comprehensive health insurance. Undoing the ACA’s coverage expansions or undermining its consumer protections — let alone repealing the law — threatens to bring back serious challenges people used to face in accessing coverage. Here’s a roundup of analyses showing how the […]
Our states and communities are stronger when prosperity is broadly shared — which includes ensuring that everyone has access to housing they can afford. Yet throughout the country, more people than ever face housing insecurity or homelessness because they cannot afford housing. While housing costs increased by almost 19 percent between 2001 and 2022 (adjusting […]
This week at CBPP, we focused on health, food assistance, the federal budget, and housing. Chart of the Week – The ACA Drove Down Uninsured Rates Nationwide The ACA Drove Down Uninsured Rates Nationwide Uninsured rate, 2010 and 2022 Alabama Uninsured Rate2022 ← 2010All10%17%By race/ethnicityAIAN*15%24%Asian10%22%Black12%19%Latino**24%50%White8%14%*AIAN = American Indian or Alaska Native. AIAN people may be AIAN alone or in combination with […]
The long-term outlook for the Social Security trust funds has improved slightly, the latest annual report from the program’s trustees shows. Social Security can pay full benefits for 11 more years but then faces a significant, though manageable, funding shortfall. Several key points emerge from the report. Those who claim that Social Security won’t be around […]
