Effects of Recent Fiscal Policies on Children
16 Pages Posted: 19 Jul 2004
Recent and proposed fiscal policies - the tax cuts, proposals to make them permanent, and the medicare prescription drug bill - will hurt economic prospects for most of today's children and all future generations. The programs will leave economic growth largely unchanged, but will redistribute resources from future to current generations and, within each generation, from low- and middle-income families toward an affluent minority. These effects exacerbate the impact of underlying federal budget trends and processes that will place significant, imminent pressure on funding for children's programs. An expanded program of investments in children is both feasible and desirable.
Keywords: tax cuts, medicare prescription drug bill, children, future generations
JEL Classification: H51, H52, H53, H60
Suggested Citation: Suggested Citation