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If Congress Fails to Act, Monthly Child Tax Credit Payments Will Stop, Child Poverty Reductions Will Be Lost

Center on Budget and Policy Priorities - Thu, 12/02/2021 - 2:43pm
Failing to pass Build Back Better would take away the entire credit from many children who would no longer qualify at all and would cut the amount of the credit for millions more.
Categories: Benefits, Poverty

If Congress Fails to Act Before Year-End, Monthly Child Tax Credit Payments Will Stop, Child Poverty Reductions Will Be Lost

Center on Budget and Policy Priorities - Thu, 12/02/2021 - 2:43pm
Failing to pass Build Back Better would take away the entire credit from many children who would no longer qualify at all and would cut the amount of the credit for millions more.
Categories: Benefits, Poverty

How States Can Best Use Federal Fiscal Recovery Funds: Lessons From State Choices So Far

Center on Budget and Policy Priorities - Mon, 11/29/2021 - 10:08am
@media (min-width:768px) { .bleed-wrap { margin-left:-50%; width:150%; } .bleed-wrap > .bleed-reset { max-width:100%; width:940px; margin-right:0; margin-left:auto; } } Most states have started using their share of the $195 billion Fiscal Recovery Funds (FRF), created under the federal American Rescue Plan to help states and localities address the pandemic’s harmful effects. Many states are using their share of the Fiscal Recovery Funds constructively: to offset declines in their revenue collections, to address the health, economic, and fiscal impacts of the pandemic, and to start new long
Categories: Benefits, Poverty

Parrott: House Takes Historic Step; Senate Should Get Build Back Better Across Finish Line Without Delay

Center on Budget and Policy Priorities - Fri, 11/19/2021 - 7:03pm
The House vote brings us a critical step closer to delivering policy advances that help families meet everyday challenges such as paying rent and putting food on the table, affording child care and preschool, securing health coverage, and paying for college.
Categories: Benefits, Poverty

In Case You Missed It...

Center on Budget and Policy Priorities - Fri, 11/19/2021 - 5:00pm
This week, CBPP President Sharon Parrott praised the House’s historic passage of Build Back Better (BBB) and urged the Senate to get it across the finish line without delay. Parrott also had a tweet thread noting how BBB’s Congressional Budget Office score confirms the bill’s fiscal soundness. This week we also focused on the federal budget and taxes, state budgets and taxes, housing, and the economy, often in the context of Build Back Better: On the federal budget and taxes, Chuck Marr argued that the Senate should improve the state and local tax provision in the House BBB bill. Samantha
Categories: Benefits, Poverty

Using Federal Relief Funds to Invest in Non-Police Approaches to Public Safety

Center on Budget and Policy Priorities - Thu, 11/18/2021 - 10:00am
Many communities across the United States are considering new approaches to public safety that go beyond traditional policing, and the federal American Rescue Plan has given them a unique opportunity to make progress. The American Rescue Plan, enacted in March 2021, includes additional federal Medicaid funds for mobile mental health intervention services; education funds that can be used to replace school police and reform punitive discipline policies; housing funds that can be used to reduce homelessness and create more stable communities; and billions in flexible funding that states and
Categories: Benefits, Poverty

Revenue From BBB’s IRS Enforcement Funding Would Support Investments

Center on Budget and Policy Priorities - Wed, 11/17/2021 - 10:03am
The Build Back Better (BBB) legislation before the House would raise revenue in part by improving IRS enforcement of the nation’s tax laws to close the roughly $600 billion annual gap between taxes legally owed and taxes collected — a gap disproportionately due to high-income filers’ noncompliance with the law. BBB would provide roughly $80 billion over ten years for this essential task. The Congressional Budget Office’s (CBO) September estimate of how much added revenue would come from improving IRS enforcement is lower than a more recent Treasury Department estimate, and even the higher
Categories: Benefits, Poverty

Investing in Housing Vouchers Critical to Protecting Children From Hardship, Building More Equitable Future

Center on Budget and Policy Priorities - Tue, 11/16/2021 - 9:58am
Build Back Better’s proposed $24 billion voucher program investment, once fully phased in, would help make homes affordable for an estimated 300,000 households with low incomes — including about 274,000 children.
Categories: Benefits, Poverty

More Housing Vouchers Needed to Help Women and Girls Afford Safe, Stable Homes

Center on Budget and Policy Priorities - Mon, 11/15/2021 - 5:09pm
Safe, stable, accessible, and affordable housing remains out of reach for millions of women and girls in the U.S., which can undermine their health, safety, and economic opportunity. To address these problems long term, policymakers should make a Housing Choice Voucher available to every eligible household. They should start by enacting recovery legislation, which includes a significant expansion of the program. Vouchers have proven highly effective at keeping people with low incomes, including women, stably housed. Vouchers typically help families rent, in the private market, a modest unit
Categories: Benefits, Poverty

Senate Should Improve SALT Provision in House BBB Bill

Center on Budget and Policy Priorities - Mon, 11/15/2021 - 2:00pm
When the Senate considers the landmark Build Back Better (BBB) legislation following expected House action, it should replace the House provision on the state and local tax (SALT) deduction with an alternative approach advanced by Senators Bob Menendez and Bernie Sanders. While the House provision would dramatically increase the current cap on the SALT deduction, providing large tax cuts for wealthy households, the Menendez-Sanders approach would better target the tax cut and avoid windfalls for the richest people. The 2017 tax law imposed a $10,000 cap on the state and local taxes that filers
Categories: Benefits, Poverty

In Case You Missed It...

Center on Budget and Policy Priorities - Fri, 11/12/2021 - 2:15pm
This week at CBPP, we focused on poverty and inequality, the federal budget, federal taxes, food assistance, and the economy. On poverty and inequality, Danilo Trisi, Kris Cox, Zoë Neuberger, Gideon Lukens, Will Fischer, Javier Balmaceda, and Samantha Jacoby described how the Build Back Better legislation would cut poverty and boost opportunity. We also updated our tracker on the COVID-19 recession’s effects on food, housing, and employment hardships. On the federal budget, Joel Friedman and Sharon Parrott explained that Build Back Better’s investments are fiscally sustainable. On federal
Categories: Benefits, Poverty

Build Back Better Investments Are Fiscally Sustainable

Center on Budget and Policy Priorities - Thu, 11/11/2021 - 3:15pm
Policymakers have committed to offsetting the costs of the bill’s new investments and have proposed a series of sound measures to do so.
Categories: Benefits, Poverty

Build Back Better’s Child Tax Credit Changes Would Protect Millions From Poverty — Permanently

Center on Budget and Policy Priorities - Thu, 11/11/2021 - 10:18am
The House Build Back Better legislation would ensure that families continue to get a significantly expanded Child Tax Credit via monthly payments through 2022.
Categories: Benefits, Poverty

Build Back Better Legislation Would Cut Poverty, Boost Opportunity

Center on Budget and Policy Priorities - Wed, 11/10/2021 - 11:49am
The Build Back Better legislation would take major steps to reduce the number of people living in poverty, improve the quality of life for low- and moderate-income people, and create opportunity so that children growing up in poverty have better health, complete more education, and earn higher salaries as adults.
Categories: Benefits, Poverty

In Case You Missed It...

Center on Budget and Policy Priorities - Fri, 11/05/2021 - 5:10pm
This week at CBPP, we focused on poverty and inequality, federal tax, housing, health, food assistance, and the economy. On poverty and inequality, we highlighted how the Build Back Better legislation would reduce racial disparities. On federal tax, Chuck Marr and Samantha Jacoby explained how Build Back Better requires high-income people and corporations to pay a fairer amount of taxes to reduce the tax gap. On housing, Ann Oliva noted how Build Back Better includes major investments in housing affordability. Erik Gartland described how families with children are at increased risk of eviction
Categories: Benefits, Poverty

Northern Mariana Islands to Receive Substantial Additional Food Assistance in a Move Toward Parity With Rest of U.S.

Center on Budget and Policy Priorities - Fri, 11/05/2021 - 12:26pm
Under a new memorandum of understanding (MOU), food assistance available to the U.S. territory of the Commonwealth of the Northern Mariana Islands (CNMI) will grow much closer to parity with the rest of the United States. Low-income residents of the CNMI who need help buying enough food cannot participate in our nation’s primary food assistance program, SNAP. Rather, the CNMI has limited funding for a more modest program that can’t meet the needs of all residents. The changes included in the MOU — announced by the U.S. Department of Agriculture (USDA) and leaders of the CNMI, including
Categories: Benefits, Poverty

Nutrition Provisions in New House Build Back Better Legislation Could Substantially Reduce Children’s Food Hardship

Center on Budget and Policy Priorities - Fri, 11/05/2021 - 11:39am
"The nutrition proposals in BBB could usher in a new era in which food hardship is much rarer among school-age children."The Build Back Better (BBB) legislation being considered by the House includes historic investments in proven child nutrition programs that would transform nutrition assistance for our nation’s low-income schoolchildren.[1] BBB’s nutrition provisions aim to address a long-standing problem that the COVID-19 pandemic exposed and exacerbated: some children face periods of food hardship, which is disproportionately experienced by Black and Latino children, and can have lasting
Categories: Benefits, Poverty

Build Back Better Reduces Racial Disparities

Center on Budget and Policy Priorities - Thu, 11/04/2021 - 3:49pm
The House Build Back Better (BBB) legislation takes important steps to address racial disparities rooted in this nation’s long history of racism and discrimination, which has created large gaps in both opportunities and outcomes in education, employment, health, and housing. BBB promises to achieve significant benefits for millions of people — children of color in particular — by investing in programs and policies with a proven track record. And it pays for these investments with progressive policies that require the wealthy and profitable corporations to pay a fairer amount of taxes. Among
Categories: Benefits, Poverty

BBB Includes Major Investments in Housing Affordability

Center on Budget and Policy Priorities - Thu, 11/04/2021 - 9:49am
The latest version of the House Build Back Better (BBB) legislation includes historic investments in key affordable housing programs such as the highly effective Housing Choice Voucher program, marking an important step toward ensuring all low-income households have a secure and affordable place to live. As the total cost of BBB was reduced, the allocation for housing programs under the jurisdiction of the House Financial Services Committee declined to $150 billion — a lower amount than the committee approved earlier this year. But the bill still includes funding for critical housing vouchers
Categories: Benefits, Poverty

New House Build Back Better Legislation Would Make Long-Lasting Medicaid Improvements

Center on Budget and Policy Priorities - Wed, 11/03/2021 - 3:45pm
In addition to creating a pathway to coverage for more than 2 million people in the Medicaid coverage gap, the House Build Back Better legislation would strengthen Medicaid and Children’s Health Insurance Program (CHIP) coverage for parents and children, people leaving jails and prisons, and people with disabilities and older people who need home- and community-based services (HCBS).
Categories: Benefits, Poverty
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