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SCHIP Funding, Service Jobs Overseas, Poverty Statistics, EITC Payments, Minimum Wage, Corporate Subsidies
PSN on March 1, 2007 - 11:00am
An analysis by the Center for Budget & Policy Priorities find that the President's budget provides less than half the funds states need to maintain SCHIP enrollment-- and erects fiscal incentives for states to cease providing SCHIP to many children and low-income parents.
Looking at the offshoring of service jobs overseas, The Brookings Institution projects that twenty-eight metropolitan areas will lose between 2.6 and 4.3 percent of their jobs to offshoring over the next decade. The impact will be especially sharp in areas with high shares of information technology and "back-office" service jobs.
According to a McClatchy Newspapers analysis of 2005 census figures, nearly 16 million Americans are living in deep or severe poverty-- severe poverty meaning a family of four with an annual income less than $9,903. The number of severely poor Americans grew by 26 percent from 2000 to 2005, contributing to a drop in the median houshold income for families over that period.
Here's a handy tool for state legislators to understand the importance of the Earned Income Tax Credit to their constituents, a spreadsheet of how many people are receiving EITC payments and how much EITC money is being received in each legislative district, both upper and lower chambers. Speaking of EITC, the North Carolina Justice Center has produced a new report on why that state needs a state EITC, as has the Connecticut Association for Human Services.
Despite the claims of the rightwing business lobbies, most regular small business owners are not against a rise in the minimum wage, according to a recent survey by a leading payroll service provider. Only 25.6% are against some kind of minimum wage increase and 49% think the minimum wage should be raised to at least $7.25 per hour.
Good Jobs First highlights more corporate subsidy giveaways, including nearly $260 million for Google in North Carolina, over $25 million to Microsoft in San Antonio and highlights an out-of-control bidding war between Lousiana and Alabama for a German stell mill.