Mar 5, 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 changes permanent to avoid having to debate those cuts when the other provisions expired.

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 2025 appropriations by more than the 1 percent target set in last year’s negotiation. A 1 percent increase won’t even keep up with rising costs let alone begin to address funding shortfalls and …

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, creating a 22 million jobs deficit since the start of the recession and largely erasing the gains from a …

Nov 21, 2024 · The incoming Trump Administration is reportedly exploring whether it can impound — that is, not spend — funds that Congress has provided in legislation. [1] 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Impoundment Control Act of 1974 (ICA) restricts the President’s ability to impound funds, and they recommend that it be repealed.

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 government will reach the debt limit, the maximum amount it is allowed to borrow.

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 inequality and to restore fiscal responsibility in equitable and effective ways.

Sep 30, 2024 · Determining Eligibility. Under federal rules, to be eligible for benefits a household’s [1] income and resources must meet three tests: [2]. Gross monthly income — that is, household income before any of the program’s deductions are applied — generally must be at or below 130 percent of the poverty line. For a family of three, the poverty line used to calculate SNAP …

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 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 the cumulative amount of money the …

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 pass legislation affecting some mandatory spending, to renew programs if funding is expiring or to change eligibility, benefits, or funding, or to create new programs.

Oct 27, 2022 · Closing the housing affordability gap will require a comprehensive housing strategy, including developing new units, preserving existing affordable housing, and expanding rental assistance. Expanding the Housing Choice Voucher program would most immediately help renters absorb cost increases.