It has been 69 days since Congress failed to reauthorize funding for the Children’s Health Insurance Program (CHIP), which provides coverage for 8.9 million children across the country. Last week, Colorado became the first state to notify families that they are in danger of losing coverage, and many others may follow. If Congress fails to fully fund CHIP, 36 states and D.C. will exhaust their existing 2017 federal funds by March of next year.
Dec 08 2017
President Trump Job Tracker November 2017
Joint Economic Committee Democratic staff are comparing job growth each month to the average in the late 1990s (a boom time in the economy), but also to the best individual month each series has ever seen.
Dec 06 2017
Rural DACA by the Numbers
Deferred Action Childhood Arrivals (DACA) recipients play a large role in rural communities, where their economic contributions are helping rural towns get back on their feet from years of slow eco-nomic growth. In rural America, these estimated tens of thousands of young people are part of the answer to building sustainable economies in small towns across the country.
Dec 06 2017
Rural DACA by the Numbers
Dec 05 2017
10 Ways STEM Strengthens the Economy
Dec 04 2017
Ten Ways STEM Strengthens the Economy
Equipping Americans with science, technology, engineering and math (STEM) skills ensures a more innovative and prosperous economy. STEM workers boost productivity and drive competitiveness, while generating a host of new ideas. These workers advance our nation by doing everything from building roads and bridges to conducting life-saving medical research.
Senate Republicans are pitching their recently-passed tax plan as a middle-class tax cut, but analysis from the nonpartisan Joint Committee on Taxation pokes holes in this claim. The vast majority of households earning under $100,000 will see little tax change by the time the bill is fully implemented in 2027. Twice as many households earning under $100,000 will actually see a tax hike rather than a tax cut. In total, 127 million households earning under $100,000 will see a tax increase or little change, compared with 13 million households seeing a tax cut.
Nov 30 2017
November Economic Snapshot of the States
Although the U.S. economy overall continues its expansion following the Great Recession and associated financial crisis, the recovery can look very different from state to state. The lion’s share of economic gains are not only concentrated at the top of the income and wealth distribution, but also in a small share of regions. While some parts of the country have surged ahead, millions of Americans in urban and rural communities are still waiting for their wages to start rising again and struggling to make ends meet.
Households claimed $1.6 billion in casualty losses in 2015, including over $1 billion by households making under $100,000. The Senate GOP tax plan shifts the burden onto families suffering losses from theft or natural disasters to pay for tax giveaways to large corporations and the very wealthy. The Senate plan would restrict the casualty loss deduction to disasters that receive a Presidential Disaster Declaration (PDD), which will leave out many families.
Under the Senate Republican tax plan, more than 35 million working families would pay higher taxes by 2027.