cbpp.org
The public health measures needed to manage the coronavirus pandemic have produced a sharp contraction in economic activity and rise in unemployment, the breadth and duration of which remain to be seen. It’s still uncertain how severe the downturn will be and how long workers will have difficulty finding jobs.
Policymakers should tie the duration and size of key relief measures ([link removed]) – such as expanded unemployment benefits and fiscal relief to state and local governments – to economic conditions, not an arbitrary calendar date.
None of the significant measures in the CARES Act extend beyond the end of 2020 ([link removed]) . This is long before the economy will likely have recovered substantially and the labor market will be healthy again. If Congress doesn’t address this issue, there is serious risk that key measures will expire prematurely, making the economic downturn longer and more severe and increasing the hardship facing tens of millions of households.
We’ve learned lessons from the Great Recession and its aftermath ([link removed]) : policymakers should link measures such as state fiscal relief, expanded jobless benefits, and increased SNAP benefits to labor market indicators so that they will remain in place as long as they are needed to boost the economy and help families – in other words, so that the measures neither end prematurely nor last too long.
Read the Report ([link removed])
Download the PDF (5pp) ([link removed])
** Additional Resources
------------------------------------------------------------
› Check out all of our COVID-19 products in one place. ([link removed])
[link removed] Share ([link removed])
[link removed] https%3A%2F%2Fmailchi.mp%2Fcbpp%2Fcovid-19-relief-needs-to-be-tied-to-duration-of-crisis-not-an-arbitrary-date Tweet ([link removed] https%3A%2F%2Fmailchi.mp%2Fcbpp%2Fcovid-19-relief-needs-to-be-tied-to-duration-of-crisis-not-an-arbitrary-date)
[link removed] Forward ([link removed])
[link removed] Donate ([link removed])
Contact: Caroline Anderson-Gray (mailto:
[email protected]?subject=CBPP%20Email%20Response) , 202-408-1080, Director of Digital Strategy
============================================================
Copyright © 2020 Center on Budget and Policy Priorities, All rights reserved.
You are receiving this email because you requested to receive email from the Center on Budget and Policy Priorities.
Center on Budget and Policy Priorities
1275 First Street NE
Suite 1200
Washington, DC 20002-4243
USA
** unsubscribe from this list ([link removed])
** update subscription preferences ([link removed])
Was this email forwarded to you? ** Subscribe ([link removed])
to receive future emails.
