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Category Archives: Poverty

House or Senate Tax Bills Would Still Add to Debt

JCX-58-17 (November 16, 2017) – Distribution Effects Of The Chairman’s Modification To The Chairman’s Mark Of The “Tax Cuts And Jobs Act,” Scheduled For Markup By The Committee On Finance On November 16, 2017.

  • Committee for a Responsible Federal Budget Budget – Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt: “As more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the House and Senate versions of the TCJA add to the national debt, they will only improve economic growth very modestly over the long term – less than they would have if they were completely paid for. Most recently, the Penn Wharton Budget Model (PWBM) estimated the growth effects of the Senate tax bill. PWBM found that the Senate bill (as introduced) would increase the annual average growth rate by between 0.03 and 0.08 percentage points over a decade, generating between $104 billion and $359 billion of dynamic revenue. However, because the resulting faster growth would increase federal spending on interest on the debt and on programs connected to inflation, the additional economic effects would reduce the ten-year debt impact of the bill by between $27 billion and $171 billion.”
  • Washington PostAfter clearing House, GOP tax plan faces obstacles in Senate – Senate Republican leaders are struggling to find enough support for their bill. Multiple Republicans have expressed reservations about the plan, which would permanently reduce the corporate tax rate but allow cuts for households and individuals to expire. The plan would also repeal the Affordable Care Act’s individual insurance mandate.”
  • Wonkblog: What’s in the House bill
  • Senate bill would cut taxes for millionaires but hike them for the poor, working class, report shows

Federal Reserve – Survey of Consumer Finances – Recent Trends in Wealth-Holding by Race and Ethnicity

“The 2016 Survey of Consumer Finances (SCF) is the most recent survey conducted. Below are links to the bulletin article, historical bulletin tables, full public dataset, extract dataset, replicate weight files, and documentation. Changes in U.S. Family Finances from 2013 to 2016: Evidence from the Survey of Consumer Finances (PDF) Recent Trends in  : Evidence… Continue Reading

GOP 9 page tax plan framework and corporate impact

Axios – “Here’s a [copy of the] summary of the plan that’s being released today, obtained by Axios from outside sources. More details to come.” Axios – What you need to know about the GOP tax plan – “While it includes some key policies — like the elimination of the deduction for state and local… Continue Reading

USDA – Household Food Security in the United States in 2016

Household Food Security in the United States in 2016 – “An estimated 87.7 percent of American households were food secure throughout the entire year in 2016, meaning they had access at all times to enough food for an active, healthy life for all household members. The remaining households (12.3 percent) were food insecure at least… Continue Reading

Income, Poverty and Health Insurance Coverage in the United States: 2016

“The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2016 was $59,039, an increase in… Continue Reading

Income, Poverty and Health Insurance Coverage in the U.S.: 2016

“The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2016 was $59,039, an increase in… Continue Reading

New Report on Improving Effectiveness of Government Programs

“September 7, 2017 the House Ways and Means Committee Chairman Kevin Brady (R-TX) released the following statement in response to the release of the report of the Commission on Evidence-Based Policymaking: “Taxpayers deserve to know that the programs they fund are working—especially when those programs are meant to help lift people out of poverty. But too often, Washington measures… Continue Reading

Wasted: How America Is Losing Up to 40 Percent of Its Food from Farm to Fork to Landfill

NRDC: “In 2012, NRDC published a groundbreaking report that revealed that up to 40 percent of food in the United States goes uneaten. That is on average 400 pounds of food per person every year. Not only is that irresponsible—it’s expensive. Growing, processing, transporting, and disposing that uneaten food has an annual estimated cost of… Continue Reading

To Protect Vulnerable Populations, Plant More Trees

Nature Conservancy: “…the urban heat island effect—caused by sparse vegetation and heat-absorbing surfaces like asphalt—can result in temperatures as much as 12°C higher than in less-developed areas nearby. While the heat island effect will remain consistent as the climate changes, the additive challenges of higher temperatures and paved cities will make many neighborhoods less livable..,And… Continue Reading

New site focuses on selling food and household essentials for $3 or less

Fast Company – This New Site Sells Food And Household Essentials–All For $3 Or Less “Brandless wants to do away with corporate markups on everyday products, from corkscrews to organic maple syrup…Sharkey and Leffler set out to create a new landing point for a consumer who’s looking for quality and transparency, and eschews brand loyalty… Continue Reading

Climate change impacts are arriving sooner than anticipated

The Uninhabitable Earth – Famine, economic collapse, a sun that cooks us: What climate change could wreak — sooner than you think. New York Magazine – David Wallace-Wells: “It is, I promise, worse than you think. If your anxiety about global warming is dominated by fears of sea-level rise, you are barely scratching the surface… Continue Reading

Decline of textbooks in the digital world causes new challenges

The Conversation: “For decades, textbooks were seen as the foundation for instruction in American schools. These discipline-specific tomes were a fundamental part of the educational infrastructure, assigned to students for each subject and carried in heavy backpacks every day – from home to school and back again. The experience of students is much different today.… Continue Reading