Eugene Steuerle: How Existing Budgetary Commitments Could Affect President Biden’s Domestic Policy Goals
Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute, as well as a member of the Committee for a Responsible Federal Budget. He recently wrote a piece for TaxVox, an excerpt of which is below:
The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local governments’ historic inattention to public health needs and preventative health care. In 2020, Congress responded by enacting approximately $3.5 trillion in economic relief bills. So far this year, it has approved another $1.9 trillion of relief through the American Rescue Plan. And President Biden has proposed two new initiatives that, combined, would cost roughly an additional $4 trillion.
Yet, all these efforts may still fail to achieve any long-term shift in the federal government’s domestic priorities. That’s partly because most of that relief was temporary, just as is much of 2021 spending either enacted or proposed.
Read the entire piece here.
Published works by members or staff of the Committee for a Responsible Federal Budget do not necessarily reflect the views of all members or staff of the Committee.