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Kids' Share 2008

  • By
  • Adam Carasso,
  • New America Foundation
  • and C. Eugene Steuerle, Urban Institute; Gillian Reynolds, Urban Institute; Tracy Vericker, Urban Institute; Jennifer Macomber, Urban Institute.
June 23, 2008

Children are a declining priority in the federal budget -- a trend that shows no signs of stopping. In 2007, the federal government paid out $2.7 trillion through spending programs and disbursed roughly another $1 trillion through the tax code. Rapidly expanding entitlement programs -- Medicare, Medicaid, and Social Security -- and the country's defense system consumed the largest shares of the budget, while spending on children remained essentially stagnant and did not keep up with growth in the economy.

Betting On the Lottery

  • By
  • Joe Mathews,
  • New America Foundation
June 22, 2008 |

Californians could be forgiven for worrying that an important state asset -- the state lottery -- is in grave danger. In recent weeks, a rhetorical barrage, bordering on the hysterical, has been directed at Gov. Arnold Schwarzenegger's proposal to borrow against future lottery receipts to help close a $15.2-billion budget gap.

Stephen Burd in St. Petersburg Times | 'Castor Seeks Checkups on College Lenders'

June 18, 2008

Experts say Castor's proposed changes [to the federal student loan industry] are sorely needed, and could be made without putting an undue burden on government regulators...

Such fixes would be a "common-sense solution" to lax oversight by the federal government, said Stephen Burd, a senior fellow at the New America Foundation...LINK

Budgeting for the Future of Children

Thursday, June 12, 2008 - 12:15pm

Funding is always a central issue in education policy debates, and education funding is often a bone of contention in federal budget and appropriations battles. Yet many of the people who are most affected by federal education budget decisions are unaware of how those decisions are made or where the money goes. On June 12 the New America Foundation launched the Federal Education Budget Project to lift the veil from the federal education budget process and provide policymakers, journalists, educators, and the general public new data and analysis on education funding issues.

Michael Dannenberg in Los Angeles Times | 'Expand College Grants'

June 10, 2008
..."If you really want to improve access for low-income kids, you have to reduce the amount people have to borrow and increase grant aid," says Michael Dannenberg, who directs education policy at the New America Foundation..." LINK

New Resource for Journalists: EdBudgetProject.Org

June 10, 2008

The New America Foundation is pleased to announce a new online resource for journalists covering education, student loans, education-related tax policy, and the federal budget in general. The Federal Education Budget Project (FEBP) is an independent, authoritative source of easily accessible information on the size, distribution, effectiveness, and efficiency of federal education funding.

Sara Mead in Politico | "Hopefuls' Education Plans Show Divides"

May 27, 2008

If McCain proposes an ambitious school voucher program, as he did in 2000, it will underline stark philosophical differences between the GOP and Democratic presidential candidates on education policy. . .

Clinton and Obama share many policy goals but often differ on the means to achieve them. For instance, both have committed to spending an additional $10 billion annually on programs for children under 5. That would mean doubling the current federal investment in early childhood education.

The War Over the War (cont.)

  • By
  • Reihan Salam,
  • New America Foundation
May 19, 2008 |

There's the war in Iraq and then there is the war over the war in Iraq. The first is about gaining ground against the sectarian militias and terrorists who plague that country. The second is about storytelling.

Can You Name All of the Tax Breaks to Support Higher Education?

May 12, 2008

The tax code is a mess. Even those pointy-headed economists that can bicker about anything (except the gas tax) agree that it is too complicated. They cry in virtual unison that the growth of tax deductions, credits, and deferrals leads to inefficiencies and market distortions (yikes!).

To confirm these fears, we need look no further than the education arena. Do you know how many tax provisions there are designed to support post secondary education and workforce training? It's a long list.

529 College Savings Plans

May 1, 2008

The following prepared testimony was submitted on May 1, 2008 to the Committee on Ways and Means, Subcommittee on Select Revenue Measures. In it, Cramer explains that 529 College savings plans can be effective savings platforms, but urges reforms to make them more inclusive.

The full text is available below as a PDF download.

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