مورد إلكتروني
Growth in Means-Tested Programs and Tax Credits for Low-Income Households
| العنوان: | Growth in Means-Tested Programs and Tax Credits for Low-Income Households |
|---|---|
| اللغة: | English |
| المؤلفون: | Carrington, William, Dahl, Molly, Falk, Justin |
| المصدر: | Congressional Budget Office. 2013. |
| الإتاحة: | Congressional Budget Office. Ford House Office Building 4th Floor, Second and D Streets SW, Washington, DC 20515-6925. Tel: 202-226-2809; e-mail: publications@cbo.gov; Web site: http://www.cbo.gov |
| Peer Reviewed: | N |
| Page Count: | 40 |
| تاريخ النشر: | 2013 |
| نوع الوثيقة: | Reports - Research Numerical/Quantitative Data |
| Descriptors: | Federal Government Federal Aid Federal Programs Tax Credits Low Income Groups Health Services Welfare Services Welfare Recipients Lunch Programs Housing Education Breakfast Programs Grants Expenditures Trend Analysis Eligibility |
| Laws, Policies and Program Identifiers: | Pell Grant Program |
| مستخلص: | The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets. Those programs and credits consist of the following: (1) Medicaid; (2) the low-income subsidy (LIS) for Part D of Medicare (the part of Medicare that provides prescription drug benefits); (3) the refundable portion of the earned income tax credit (EITC); (4) the refundable portion of the child tax credit (CTC); (5) Supplemental Security Income (SSI); (6) Temporary Assistance for Needy Families (TANF); (7) The Supplemental Nutrition Assistance Program (SNAP, formerly called the Food Stamp program); (8) Child nutrition programs; (9) Housing assistance programs; and (10) the Federal Pell Grant Program. In 2012, federal spending on those programs and tax credits totaled $588 billion. Total federal spending on those 10 programs rose more than tenfold--or by an average of about 6 percent a year--in the four decades since 1972 (when only half of the programs existed). Medicaid accounted for more than 40 percent of the federal spending on those programs in 2012, followed in size by SNAP. A decade from now, Medicaid will account for an even larger share of spending on those programs, the Congressional Budget Office (CBO) projects. A new means-tested program--federal subsidies to help low- and moderate-income people buy health insurance through insurance exchanges, which will begin in 2014--will be the second-largest means-tested program in 2023, CBO estimates. |
| Abstractor: | ERIC |
| Entry Date: | 2017 |
| رقم الأكسشن: | ED577329 |
| قاعدة البيانات: | ERIC |
| الوصف غير متاح. |