Category: Federal Budget

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The Infrastructure Investment and Jobs Act: A Major Step Forward

  By Environment, Federal Budget, Infrastructure, Statements

The Infrastructure Investment and Jobs Act: A Major Step Forward Statement from PA Budget and Policy Center, Keystone Research Center, and 99% PA Campaign In passing the Infrastructure Investment and Jobs Act last night, the House of Representatives advanced the first of two parts of President Biden’s investment agenda. The over $1 billion infrastructure bill will generate the largest expenditure on the physical infrastructure of our country in decades. It will make huge new investments in roads and bridges, railroads and public transit, clean drinking water, high-speed internet, and repairing the damage to land and water from extractive industries. These and other investments will reduce costs for businesses and consumers, make our economy more competitive, and together with the second part of the Build Back Better plan, create an average of 1.5 million good new jobs per year, many of which will be unionized. It takes time to enact major… Continue reading

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The FY2021-22 PA State Budget: The People’s Budget & Tracking ARP Funds in PA

  By American Rescue Plan, Federal Budget, PA Budget and Policy Center, Pennsylvania Budget, Video

This is a recording of a Zoom meeting hosted by the PA Budget & Policy Center on Thursday, April 15, 2021, to provide updates related to PA’s state budget and the allocation of the $7.3 billion in assistance that the American Rescue Plan delivered to PA’s state government. PBPC director Marc Stier talks about the fiscal challenges facing the Commonwealth and discusses the “People’s Budget,” an effort by several legislators to propose a way to raise the revenue necessary to make long-overdue investments in important programs and priorities. The video also features PBPC’s senior policy analyst Diana Polson presenting recently updated information about how American Rescue Act funds will be distributed in PA, highlighting an online spreadsheet for tracking these allocations: Tracking American Rescue Plan Funding Distribution in PA.    Continue reading

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A Guide to the $1.9 Trillion American Rescue Plan: UPDATE with PA-Specific Data

  By American Rescue Plan, Federal Budget

  The American Rescue Plan, as put forward by President Biden and about to be approved by the U.S. Congress, is a bold and necessary action—not just to restore the American economy in the wake of the COVID-19 pandemic but to make it far more just. Here we point to some of the leading features of the plan with estimates of how many people in Pennsylvania will benefit from it. (PA estimates are from the Senate version of the legislation. Links are to the sources of our information.) Most notably, the legislation takes a major step forward in making health insurance through the ACA more affordable and includes a welcome expansion of child tax credits, which for the first time would give low- and moderate-income families in our country the kind of support that can be found in many other countries. And, at one stroke, the legislation would ensure that… Continue reading

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The Unnecessary Federal Budget Impasse

  By Federal Budget

From Third and State, January 20, 2018 Let’s be straight about the politics of the federal budget. The Republicans control the House, Senate and Presidency, but partly because they are not united and partly because they are short of the 60 votes needed under current practices to move most legislation in the Senate, they are unable to pass a budget without Democratic support. So to pass a full-year budget, Republicans and Democrats must compromise. The federal government is shut down today because too many Republicans in Congress won’t compromise and because President Trump doesn’t appear to know what he really wants. Democrats are demanding that their key priorities be included in the budget: restoration of DACA protections for the children of undocumented immigrants who have spent almost all of their lives in the United States; reauthorization of the CHIP program that provides health care for millions of American kids (including… Continue reading

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The Trump Budget

  By Federal Budget, PA Budget and Policy Center, PBPC Blog posts, Public Policy

Originally published at Third and State.   President Trump’s budget is a triple betrayal of his campaign promises, of working people in Pennsylvania and around the country, and of a uniquely-American economic order that has created the shared prosperity that America once enjoyed and should enjoy again. The President is, first, betraying his promise not to cut Medicaid, Social Security, and the social safety net, that is, programs relied on by those left behind in a changing economy. In doing so he is, second, betraying the promise that America has made to working people to ensure that they have the important assistance to meet basic living standards: food on the table, a roof over their heads, and access to health care that millions of Pennsylvanians rely on. The budget proposal calls for a huge reduction in these vital programs in order to give massive tax breaks to the wealthy and… Continue reading

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The Imaginarium of Pat Toomey and Kevin Ferris

  By Federal Budget, Health Care, Taxation

Today in the Inquirer, Kevin Ferris channels PA Senator Pat Toomey, who has been providing a Republican spin on the failure of the Super Committee. In the imagniarium of Pat Toomey and Kevin Ferris, the Senator courageously broke with fellow Republicans to propose a balanced, bi-partisan deal that would combine $450 million in tax increases along with $750 million in budget cuts to meet the Super Committee’s ten year goal. In rejecting this proposal, President Obama and the Democrats showed that they don’t truly want a balanced bipartisan solution to the deficit problem. This is what the proposal looks like when you take off the funny glasses. Toomey’s proposal would have raised revenue slightly—no more than $45 billion a year. But most of that increase would have come from the middle class not the rich. Toomey proposed to reduce the marginal tax rates for everyone by 20%. However, the absolute… Continue reading

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The Cost of the Bush Era Tax Cuts

  By Federal Budget, Penn ACTION, Taxation

Ten years of the Bush Tax Cuts have cost us $2.5 trillion.  They were a $2.5 trillion dollar gamble that if we pushed enough money into the pockets of millionaires, billionaires and giant corporations, some of it would fall out and land on the rest of us.  We know what happened – that money stayed in those overstuffed pockets.  But, as Think Progress says, it didn’t have to be that way: Here are ten alternatives we could’ve pursued instead: – Give 122.7 Million Children Low-Income Health Care Every Year For Ten Years – Give 49.2 Million People Access To Low-Income Healthcare Every Year For Ten Years – Provide 43.1 Million Students With Pell Grants Worth $5,500 Every Year For Ten Years – Provide 31.5 Million Head Start Slots For Children Every Year For Ten Years – Provide VA Care For 30.7 Million Military Veterans Every Year For Ten Years –… Continue reading

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Pa. GOP leaders should lobby Congress for extra stimulus dollars

  By Federal Budget, Pennsylvania, Pennsylvania Budget, Philadelphia, Taxation

Published in the Harrisburg Post-Gazette, July 1, 2010 Though Gov. Rendell and legislative leaders have reached an agreement, we still face a potential budget catastrophe. Only Republicans — gubernatorial nominee Tom Corbett, Lt. Gov. Joseph Scarnati, Senate Majority Leader Dominic Pileggi and House Minority Leader Sam Smith — can prevent it.   Continue reading

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The Republican Gang of Six and the PA State Budget

  By Federal Budget, Pennsylvania, Philadelphia Budget

In Pennsylvania today, we face an budget crisis of huge proportions. In the face of drastically reduced revenues due to the recession, the state faces a enormous deficit. And there are only two ways to deal with it. The Republicans in the State Senate have proposed massive reductions in state spending that would had devastating effects on education and health care, particularly for children. The Democrats, lead by Governor Rendell, have proposed temporarily raising the state income tax, which is one of the lowest in the country. The state budget crisis is all about the Republicans in Pennsylvania being captured by the extreme anti-tax, anti-government ideology that has dominated the Republican party in the South and West for years but is relatively new here. These ain’t your grandfather’s Republicans. And, frankly, when Republicans control the Senate by ten seats, I’m not sure there is all that much we can do… Continue reading