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. Starting in 2021, Social […]
Nebraska Gov. Jim Pillen is calling legislators back into session this week, assigning them the impossible task of finding $1.85 billion to redirect toward local property tax cuts. Policymakers can run the numbers as many times as they want, but the problem remains that the state will either face deep budget cuts or must raise taxes elsewhere […]
This week at CBPP, we focused on state budgets and taxes, Social Security, health, and the economy. Chart of the Week – The ACA Drove Historic Coverage Gains for Small-Business and Self-Employed Workers A variety of news outlets featured CBPP’s work and experts recently. Here are some highlights: 'Terrible policy and politics': Rattner breaks down […]
The Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) provides millions of workers with income to help feed their families. Roughly 15.7 million workers, or about 10 percent of all workers, are in households where someone participated in SNAP in the last year, CBPP analysis of data from the 2022 American Community Survey finds. In […]
ic integration in neighborhoods may be more beneficial than within a particular property, leading to better outcomes for children and lower crime rates. Similar reasoning supported another change in the PBV cap for “small” properties. The revised Project Cap policy also recognizes that project-basing is an important strategy to make it easier for families to benefit […]
The Senate and House appropriations committees took sharply different approaches to funding rental assistance programs for 2025. While the Senate Appropriations Committee’s bill would fully fund existing housing vouchers and provide more resources for other critical housing and homelessness programs, the House Appropriations Committee’s proposal would result in an estimated 240,400 fewer households receiving vouchers […]
This week at CBPP, we focused on housing, food assistance, and health. Chart of the Week – 77% of Low-Income Renters Needing Federal Rental Assistance Don’t Receive It
Two years after the passage of the Inflation Reduction Act (IRA), the law is driving transformation across a range of climate priorities. States have a critical role to play to ensure that the law achieves its full potential to direct IRA benefits to those most impacted by climate change. For the first time, well-funded programs […]
Disability Insurance: A Crucial Part of Social Security SSDI is an integral part of Social Security. Workers contribute to SSDI and earn its protection in case they can no longer support themselves through work due to a severe and long-lasting disability. The Social Security Administration (SSA) administers SSDI. In April 2024, 7.3 million people received disabled-worker […]
Introduction Social Security Disability Insurance (SSDI), an integral part of Social Security, provides modest but vital benefits to workers who can no longer support themselves due to a serious and long-lasting medical impairment. The Social Security Administration (SSA) administers SSDI. Some 7.3 million people received disabled-worker benefits from Social Security in April 2024. Payments also […]
The five U.S. Territories — Puerto Rico, Guam, American Samoa, U.S. Virgin Islands, and the Northern Mariana Islands — are excluded from most federal statistical products, a recent report from the Government Accountability Office (GAO) shows. That means that far less is known about the people, communities, agriculture, environment, and businesses in the territories compared to what […]
In May, the House Agriculture Committee approved a farm bill proposal authored by Chair Glenn “GT” Thompson that would reauthorize and modify the Supplemental Nutrition Assistance Program (SNAP) and several other nutrition-related programs. While the bill includes some modest improvements, including an important provision restoring SNAP eligibility to people returning to the community from prison after […]
