The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and …
Jun 13, 2024 · To comply with congressional budget rules, Republicans could not make all of the 2017 law’s tax cuts permanent, so they prioritized making the less-popular corporate tax …
House Republican Bills Deeply Cut Programs That Help Low …
Nov 22, 2024 · Given the erosion of non-defense appropriations’ purchasing power, there’s a strong case for policymakers to not only reject the cuts proposed by the House but to increase …
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 …
House Republican Agendas and Project 2025 Would Increase …
Sep 3, 2024 · Medicaid Cuts Would Take Away Health Coverage From Millions of People. As noted, HBC would cut Medicaid by $2.2 trillion over ten years; [14] RSC would cut Medicaid, …
Hitting the Debt Limit: 3 Things to Know
Dec 17, 2024 · Raising or suspending the debt limit does not authorize new spending or tax cuts; it merely acknowledges past budgetary decisions. On January 1, 2025, the federal …
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 …
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 …
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, …
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 …
Policy Basics: Where Do Our Federal Tax Dollars Go?
Jul 18, 2024 · Economic security programs: About 8 percent (or $545 billion) of the 2023 federal budget supported programs that provide aid (other than health insurance or Social Security …