Open enrollment for Affordable Care Act (ACA) marketplace coverage for 2025 began November 1 and runs through January 15, 2025 in every state except Idaho (where the deadline is December 16), Kentucky (January 16), Massachusetts (January 23), and California, the District of Columbia, New Jersey, New York, and Rhode Island (January 31). This is the […]
The federal-state unemployment insurance (UI) system helps many people who have lost their jobs by temporarily replacing part of their wages. (See “Policy Basics: Unemployment Insurance.”) Under certain circumstances, unemployed workers who exhaust their regular state-funded unemployment benefits before they can find work can receive additional weeks of benefits. Under the CARES Act responding to […]
Chair Heinrich, Vice Chair Schweikert, members of the Committee, thank you for the opportunity to testify before you this morning at this important hearing. I am Samantha Jacoby, Deputy Director of Federal Tax Policy at the Center on Budget and Policy Priorities, a nonpartisan research and policy institute in Washington, D.C. In my testimony, I […]
Chair Heinrich, Vice Chair Schweikert, members of the Committee, thank you for the opportunity to testify before you this morning at this important hearing. I am Samantha Jacoby, Deputy Director of Federal Tax Policy at the Center on Budget and Policy Priorities, a nonpartisan research and policy institute in Washington, D.C. In my testimony, I […]
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 […]
Following a campaign in which President-elect Trump promised to improve the economic circumstances of working-class people across races, it’s jarring that the incoming Trump Administration and Republican majority seem intent on rushing through an extension of the 2017 Trump tax law. That law was skewed to the wealthy, expensive, and failed to deliver on its promises. Instead of doubling […]
Following a campaign in which President-elect Trump promised to improve the economic circumstances of working-class people across races, it’s jarring that the incoming Trump Administration and Republican majority seem intent on rushing through an extension of the 2017 Trump tax law. That law was skewed to the wealthy, expensive, and failed to deliver on its promises. Instead of doubling […]
The incoming Trump Administration is reportedly exploring whether it can impound — that is, not spend — funds that Congress has provided in legislation. Supporters of this position argue that the Impoundment Control Act of 1974 (ICA) restricts the President’s ability to impound funds, and they recommend that it be repealed.The Constitution gave Congress the power […]
Our “Unwinding Watch” highlights key developments as states resume determinations on people’s Medicaid eligibility. Previously, the pandemic-related “continuous coverage” requirement safeguarded this coverage for millions of people. As of April 1, 2023, states may begin ending coverage for people found ineligible or whose redetermination can’t be completed for procedural reasons. Start dates for this so-called […]
The incoming Trump Administration is reportedly exploring whether it can impound — that is, not spend — funds that Congress has provided in legislation. Supporters of this position argue that the Impoundment Control Act of 1974 (ICA) restricts the President’s ability to impound funds, and they recommend that it be repealed.The Constitution gave Congress the power […]
Policymakers will need to act in coming years to shore up the long-term financing of Social Security, and when they do, they should also strengthen the program by improving its minimum benefit, which is intended to help the poorest recipients but is now obsolete. A major new report written by my CBPP colleague Kathleen Romig and two […]
Policymakers will need to act in coming years to shore up the long-term financing of Social Security, and when they do, they should also strengthen the program by improving its minimum benefit, which is intended to help the poorest recipients but is now obsolete. A major new report written by my CBPP colleague Kathleen Romig and two […]
