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Research Roundup 2/23: The State-by-State Impact of the Sequester, Paid Sick Days in Maryland, and More
PSN on February 23, 2013 - 11:05am
(This article originally appeared in the Stateside Dispatch, Progressive States Network's email roundup of the latest state policy news. Sign up to receive the Dispatch in your inbox here.)
The Impact of the Sequester on Communities Across America [Center for American Progress]
"Under the terms of the sequester, federal spending would be cut by $1.2 trillion from March 2013 to March 2021. States stand to lose billions of dollars in critical grants needed to fund everything from schools to new police officers to parks. In fiscal year 2013 alone, states stand to lose an estimated $6.4 billion in federal funding. The Congressional Budget Office estimates that as many as 750,000 jobs could be lost because of the sequester. Taking a meat cleaver to spending in such a blunt, unfocused manner would send a shockwave through our economy and would hurt countless American families."
Sequestration, the Pentagon, and the States [National Priorities Project]
"On March 1, unless Congress acts, billions of dollars will be cut from domestic programs and the Pentagon. But while these cuts will have a devastating impact on many domestic programs, the Pentagon is better positioned to absorb them due to the significant growth in military spending over the past decade."
Valuing Good Health in Maryland: The Costs and Benefits of Earned Sick Days [Institute for Women's Policy Research]
"Providing earned sick days to workers in Maryland is expected to save employers in the state $2.5 million per year, largely due to reduced costs in turnover, according to an analysis by the Institute for Women’s Policy Research (IWPR). The state’s proposed “Earned Sick and Safe Time Act” would also prevent lost worker income, reduce private and public health care expenses, and reduce expenditures on public assistance."
Cutting State Personal Income Taxes Won’t Help Small Businesses Create Jobs and May Harm State Economies [Center on Budget and Policy Priorities]
"Cutting state personal income taxes not only won’t promote small business growth and job creation, but it is also likely over time to threaten the success of entrepreneurs by taking resources away from critical services like education."
Raising Minimum Wage to $9 Not Enough to Ensure that Families with Fulltime Workers Live Above Poverty Line [Center on Economic and Policy Research]
"According to the White House, the President’s proposal to increase the minimum wage to $9 an hour by the end of 2015 will ensure that “no one who works fulltime should have to raise their family in poverty. But is a $9 minimum wage sufficient to meet this goal? Not necessarily, even if we use the antiquated official poverty threshold, and especially not if we use a modern threshold that comes a little bit closer to what families need to make ends meet at a basic level in today's economy."