This week on Off the Charts, we focused on the federal budget and taxes, the Labor Department’s September jobs report, and cuts in K-12 education and TANF.
- On the federal budget and taxes, Robert Greenstein noted the recent op-ed from fiscal commission chairs Alan Simpson and Erskine Bowles that stated, among other things, that policymakers can and should reduce deficits in a way that strengthens the safety net. James Horney cautioned lawmakers against embracing biennial budgeting. Chuck Marr outlined the major flaws in a new proposal to give corporations a tax holiday for repatriated foreign profits.
- On the jobs report, Chad Stone showcased a series of charts putting the new figures in context. Michael Leachman noted the continuing large job losses among state and local public employees, especially in education.
- On cuts in state education and TANF, Phil Oliff previewed a major new report on widespread cuts in state K-12 funding and then presented its main findings. Liz Schott reported that Michigan’s tightening of its TANF time limit is temporarily on hold.
In other Center news, Liz Schott and LaDonna Pavetti explained that states are cutting TANF benefits despite high unemployment and unprecedented need. Phil Oliff and Michael Leachman released a report on the major cuts in state funding for schools. And Chad Stone took an in-depth look at the September jobs report