cbpp.org
President Trump and Senate Majority Leader McConnell argue that doing more to help states cope with COVID-19’s severe economic fallout would just ”bail out ([link removed]) ” Democratic-led states, with they portray as fiscally wasteful.
But, in reality, unemployment is rising sharply in all states ([link removed]) , devastating their income and sales tax revenue.
Both “red” and “blue” states will need more fiscal relief to avoid having to make deep budget cuts to meet their budget requirements, which would hurt families and communities while worsening the recession.
We have also updated our state budget tracker ([link removed]) with states’ new estimates on revenue shortfalls. While the full magnitude is not yet clear, state revenues are declining precipitously and costs are rising sharply with many businesses closed and tens of millions pf people newly unemployed.
Read the Blog ([link removed])
** Additional Resources
------------------------------------------------------------
› We’ve rounded up all of our COVID-19 analysis in one place and are updating it regularly. ([link removed])
› Families are facing significant challenges and increased hardship. State emergency assistance funds can help ([link removed])
[link removed] Share ([link removed])
[link removed] https%3A%2F%2Fmailchi.mp%2Fcbpp%2Fred-blue-states-alike-need-more-federal-support Tweet ([link removed] https%3A%2F%2Fmailchi.mp%2Fcbpp%2Fred-blue-states-alike-need-more-federal-support)
[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.
