Sharon Parrott Profile picture
May 28 8 tweets 3 min read Twitter logo Read on Twitter
Thread: concerns based on emerging reports about #DebtCeiling bill. Before we dive in, important to remember, we shouldn't be here to begin with. House Rs have used the debt ceiling to hold the nation’s economy hostage to demands for damaging policies.
While the #DebtCeiling agreement appears to be much improved over the radical House bill, that’s not the bar.
Based on reports, the agreement appears to put #SNAP benefits at risk for people ages 50-54 who count on them – a group with high rates of health problems. We can’t fully assess until details are released, but this risks increasing poverty among this group. Image
Reportedly the agreement includes some #SNAP program improvements that may be positive, but improvements for some don’t justify expanding to others a failed policy that’s been shown to take food assistance from people who need it w/o increasing employment.
On #TANF, there is not enough information to assess the impacts. Details here will matter.
Non-defense discretionary program cuts are significantly smaller than in the House bill, but the austere caps will still cause damage.
Cutting $10B from the IRS sets a terrible precedent, caves to Republican misinformation about the funds, and undermines efforts to make the IRS an effective agency that serves taxpayers and enforces the law. How these cuts are structured could matter – so details needed here too.
More to come as details emerge.

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More from @ParrottCBPP

May 25
House Republicans have tried to make those who can’t afford food, rent, or health care pawns in their debt-ceiling hostage-taking scheme. @POTUS and members of Congress must not go along.
.@POTUS has repeatedly committed to reject any legislation that increases poverty or would negatively impact people’s health. Now is the moment to deliver on those commitments. #DebtCeiling
The White House & congressional Democrats must hold the line against House Republicans’ harsh & ineffective policies that would take away #TANF income assistance, #SNAP food assistance, and Medicaid from people who don’t meet a work-reporting requirement.
Read 7 tweets
Feb 1, 2022
Thread: Policymakers need to find a path to a compromise #BuildBackBetter bill that makes significant progress toward more broadly shared prosperity, is based in evidence, and can pass.

See new @CenteronBudget analysis: cbpp.org/research/pover…
Economic insecurity was widespread even prior to the pandemic. 1 in 4 households couldn’t afford adequate food, shelter, or utilities at some point between 2014-2016.
Insecurity went well beyond households that had incomes below the #poverty line. Many middle-income households couldn’t pay their bills in at least one year, sometimes because their incomes fell or costs rose.
Read 8 tweets
Nov 19, 2021
The new CBO score confirms that #BuildBackBetter is fiscally sound. Thread.
First, when you adjust the CBO score by using Treasury’s higher but reasonable estimates of the revenue raised from increased IRS enforcement, #BuildBackBetter is more than fully offset over 10 years.
Second, even if you stick with the lower CBO estimates of the IRS enforcement provisions, the bill costs less than 0.1% of GDP in the first decade and substantially reduces the deficit in the second decade.
Read 13 tweets
Jul 15, 2021
Thread: Senate Budget Committee Democrats’ agreement on a budget resolution marks an important step toward robust and critically needed recovery legislation to build an equitable economy and address our nation’s long-standing challenges. #EquitableRecovery
There are many key details that haven’t been released and, in some cases, haven’t been worked out, but the last 48 hours demonstrate encouraging progress towards transformative change.
Once a budget resolution is in place, lawmakers will turn to the important work of crafting reconciliation legislation, consistent with that framework, that can transform our economy…
Read 14 tweets
Jul 14, 2021
Check out @CenteronBudget’s new (short!) piece on why the tax system needs to be improved. Incomes for the very wealthy have grown substantially but the share of income they pay in taxes has shrunk.

The Biden admin has modest proposals that would help: cbpp.org/research/feder…
The highest-income 0.01% of tax filers (the top 1 in 10,000) saw their incomes rise on average by 601% in inflation-adjusted terms between 1979 & 2017. Yet from the mid-90’s through 2017, the average share of the income that the top 0.01% paid in federal taxes fell by almost 20%.
Yet from the mid-90’s through 2017, the average share of the income that the top 0.01% paid in federal taxes fell by almost 20%.
Read 12 tweets
May 28, 2021
The budget the Biden administration released today is a bold approach to addressing many of the nation’s long-standing problems and building toward a more equitable economy where everyone can thrive: cbpp.org/press/statemen… 1/
Its policies are designed to make significant progress in reducing racial & ethnic disparities, rooted in racism & other forms of discrimination, that for generations have resulted in deeply unequal access to #jobs, #education, #housing, & #health care. 2/
First, the budget includes investments to build toward a strong and #EquitableRecovery that would dramatically reduce child #poverty and help children thrive, improve our nation’s health, and expand opportunity in early and higher #education. 3/
Read 14 tweets

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