Sep 30, 2024 · Most families and individuals who meet the program’s income guidelines are eligible for the Supplemental Nutrition Assistance Program (SNAP, formerly the Food Stamp Program).

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.

Apr 3, 2024 · Substantial relief and recovery measures helped fuel an economic recovery beginning in May 2020 that made the deepest recession in the post-World War II era also the shortest.

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 government has borrowed throughout ...

A series of high-stakes federal policy debates will take place this year as President-elect Trump and a Republican-controlled Congress seek to implement their policy agenda and address looming deadlines in areas such as the debt limit and the federal tax code. The decisions that policymakers make — possibly starting early in the year and through both legislation and executive action ...

Jun 13, 2024 · Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.

Nov 21, 2024 · The notion that the Impoundment Control Act of 1974 is what restricts presidential authority to impound funds enacted by law is contrary to legal precedent — and to the Constitution.

Temporary Assistance for Needy Families (TANF), enacted in 1996, replaced Aid to Families with Dependent Children (AFDC), which provided cash assistance to families with children experiencing poverty. TANF cash assistance can play a critical role in supporting families during times of need. However, TANF reaches far fewer families and provides less cash assistance to families than AFDC ...

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.

Jul 24, 2024 · How Do the Trust Funds Work? Social Security’s financial operations are handled through two federal trust funds: the Old-Age and Survivors Insurance (OASI) trust fund and the Disability Insurance (DI) trust fund. Although legally distinct, they are often referred to collectively as “the Social Security trust fund.” All of Social Security’s payroll …