Weekly Economic Snapshot 6/19 - 6/23

Economic Facts for this Week

• Under TrumpCare, 27 million Americans could end up having their annual health benefits cut off and 20 million could see lifetime limits on their coverage.
• Three million children would become uninsured if TrumpCare passes, increasing the uninsurance rate for children by 50 percent. Five million people age 50 to 64 would also lose coverage.
• Per capita caps on Medicaid would disproportionately harm states at risk of natural disasters and aging populations, among other factors. In addition, states that currently have low spending per beneficiary would be hurt because the cap would be benchmarked to current spending in each state.

Chart of the Week

Healthy school lunches not only improve all students’ performance on standardized tests, they have the greatest effect on improving performance for disadvantaged students, as shown in the chart above.

ICYMI

• Refugees pay $21,000 more in taxes than they receive in benefits over their first 20 years in the United States.
• Unpredictable scheduling of workers, which disproportionately affects women and people of color, is bad for business profitability, according to an extensive survey of the research by the Washington Center for Equitable Growth.
• Making it harder to apply for social security disability disproportionately hurts people with lower levels of education, lower incomes, and those with moderately severe disabilities.
• A family of four earning $50,000 would see an increase in taxes of $368 each year under Trump’s tax plan. 
• Between now and 2040, nearly three-quarters of new power generation investments will be in clean energy.