Federal layoffs and industry cuts leave Black families most vulnerable to housing and income loss. Here are some things you should know about asset-building programs and fair lending reforms that offer pathways to lasting Black wealth and resilience.
Tag: Congressional Budget Office
Posted inOpinion
It’s time to make affordability a priority
Congressman Kweisi Mfume discusses the need for a living wage, affordable housing, healthcare, and education in order to build a prosperous America.
Posted inOpinion
A brutal – not beautiful bill – cuts consumer protection funding in half
Charlene Crowell is a senior fellow with the Center for Responsible Lending. This week she warns that the newly passed budget bill slashes consumer protection and student loan support, threatening financial stability for millions while benefiting the wealthy.
Posted inNational News
House GOP passes budget bill that prompts largest cuts to health care in history
The Republican-led House passed a budget bill with historic cuts to Medicaid and Medicare, sparking backlash from Democrats who warn it will strip millions of Americans of health care and essential services to fund tax breaks for the wealthy.
Posted inU.S. Government
GOP Medicaid plans would slash health coverage for millions
A new Congressional Budget Office analysis confirms that Republican-led proposals to slash Medicaid could strip health coverage from up to 8.6 million Americans, prompting sharp criticism from Democrats who warn of devastating impacts on low-income families and seniors.
Posted inPOLITICS
GOP votes to cut Medicaid and SNAP, feed billionaires
House Republicans approved a budget plan that extends the 2017 Trump tax cuts—mainly benefiting the wealthy and corporations—at a projected cost of $5.5 trillion over the next decade, while slashing programs like Medicaid and child nutrition assistance. Democrats and advocacy groups have condemned the proposal as a massive giveaway to billionaires that deepens inequality and harms working families.
Posted inU.S. Government
President Biden signs Social Security Fairness Act, one of the last bills of his presidency
President Biden signed the Social Security Fairness Act into law, reversing the Windfall Elimination Provision Act of 1983 and the Government Pension Offset of 1977, ensuring that current and retired public service workers receive their full Social Security benefits.