Policymakers could stabilize the debt (so it stops rising as a percent of the economy) over the latter part of the decade with about $900 billion in further deficit savings, according to calculations by the Center on Budget and Policy Priorities.
The U.S. House of Representatives voted 247-161 on Tuesday to provide $26 billion in additional federal assistance to the states. For Pennsylvania, that means $600 million in additional FMAP funds and $388 million in funding to keep teachers in the classroom.
The 2010-11 state budget relies on $850 million in enhanced federal FMAP funding for public health and human services that is in jeopardy. View Congressional district fact sheets detailing the impact of FMAP and the critical health services it funds on the lives of Pennsylvanians.
Last week, the U.S. House of Representatives approved a jobs bill after stripping out a six-month extension of federal assistance to states for health care costs. Learn more and take action to prevent deep cuts to health and human services.
An obscure business tax break in the federal economic recovery package could cost Pennsylvania and most other states billions of dollars over the next few years, but lawmakers can take simple steps to prevent the loss, according to a report from the Washington, D.C.-based Center on Budget and Policy Priorities.
Federal policymakers crafting an economic stimulus package should take a page from recent analyses by the Center on Budget and Policy Priorities by focusing the package on aid to hard-hit families and budget-strapped states.