Dear John,
In case you missed it...this week the Voices for Human Needs blog reports on a first-ever U.S. Treasury Department study that found racial disparity in the U.S. tax code. And we look at how the changing landscape of inflation now means Americans with low incomes are more often bearing the brunt compared to a year ago. Finally, we unveil CHN's latest COVID-19 Watch: Tracking Hardship, a by-the-numbers look at how the pandemic harms the most vulnerable people and communities. Please share!
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This week on the blog...
It's official: the U.S. tax code worsens racial disparity in America
January 27
For some time, human needs advocates and many economists have maintained that the U.S. tax code discriminates on the basis of race and ethnicity by increasing disparities between families with wealth – more often White families – and families without wealth. Now, for the first time ever, a U.S. Treasury Department study has confirmed these suspicions: White Americans disproportionately benefit from a variety of tax breaks, including those aimed at investors. READ MORE »
Who does inflation hurt most? From 2021 to 2022, the ground shifted.
January 26
When inflation began ravaging Americans’ pocketbooks and wallets in early 2021, it was middle-income Americans who mostly bore the brunt. That’s because inflation then was in part driven by gas costs and a shortage of used cars, which led to higher prices. Americans with low incomes, while hurt, were affected slightly less. Last year, that changed, according to a new report by the New York Fed. READ MORE »
CHN's latest COVID-19 Watch: Tracking Hardship
January 27
The debt ceiling edition. There just might be some good news on the COVID-19 front. New cases, hospitalizations, stays in ICUs and test positivity are all down sharply, compared with two weeks ago. This follows a post holiday bump reported in early to mid January. Meanwhile, the “tripledemic” of RSV, flu, and COVID-19 is easing off, as hospitals nationwide report improving conditions. READ MORE »
Coalition on Human Needs
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