May 8, 2024
Every year, the US Department of Agriculture (USDA) releases a report detailing the share of US households who are “food insecure”—defined as those that have “limited or uncertain access to adequate food” due to insufficient resources. Last month, the USDA released a report combining six years of data (2016-2021) to show how food insecurity rates…
April 29, 2024
Criminals inflicted unprecedented fraud on taxpayer benefits during the pandemic, and some of the most abused programs were those that provided temporary federal unemployment benefits. As we documented in a January 2024 report (Pandemic Unemployment Fraud in Context: Causes, Costs, and Solutions), official government tallies of improper payments and fraud stretch toward $200 billion, while unofficial estimates…
April 29, 2024
Key Points Read the PDF.
April 26, 2024
As the welfare state expands while policymakers struggle to contain its costs, one unintended result is the creation of significant benefit cliffs. A little-noticed September 2023 report authored by Elias Ilin and Alvaro Sanchez of the Federal Reserve Bank of Atlanta (“Mitigating Benefits Cliffs for Low-Income Families: District of Columbia Career Mobility Action Plan as a Case Study”) explains…
April 19, 2024
At the height of the New Deal, with the Social Security Act, the Securities and Exchange Commission, and the Civilian Conservation Corps already enacted, the Roosevelt Administration’s Farm Security Administration (FSA), veered from reform to the outright radical: the establishment of an American version of a Soviet collective farm. The largest of nine such projects…
April 18, 2024
Hunger in the US is rising at an alarming pace – or is it? Last year’s annual report on food insecurity in the US led lawmakers to believe hunger is on the rise, and, unsurprisingly, federal lawmakers are using rising levels of food insecurity to advocate for expansions to federal government programs. Unfortunately, policymakers are conflating hunger and…
April 17, 2024
The Wyden-Smith tax bill, which combines an expanded child tax credit (CTC) with a variety of business tax breaks, has been in limbo in the Senate for the past three months. Majority Leader Chuck Schumer has promised to bring up the bill if there’s enough support, but so far, these votes have not been forthcoming…
April 9, 2024
The Child Tax Credit is a tax benefit available to many American families for the purpose of reducing their federal income tax liability. It’s specifically designed to help offset the cost of raising children. The CTC of today, however, differs starkly from its pre-pandemic structure. Many economists, including Kevin Corinth, think that the post-pandemic changes were a step…
April 8, 2024
When Americans file their taxes in the coming weeks, one group will be singled out for a tax hike: middle-class families with children. This April, a family with three children making at least $42,000 will pay about $950 more in (inflation-adjusted) federal income taxes than they paid in 2018 — when the Tax Cuts and Jobs…