The bill will provide relief to 16 million low-income children via the Child Tax Credit – paid for by redirecting funds away from the fraud-ridden Employee Retention Credit.
Within the policy community, some have wondered whether this temporary expansion to the Child Tax Credit would hamper work incentives. It came up in the House debate prior to the vote this week. Arnold Ventures' Executive Vice President of Public Finance George Callas, in his recent op-ed in The Hill, points out that given the way the expansion is structured, it clearly doesn't. His response to this query is gaining traction in #TaxTwitter as well as with Washington Post columnist Catherine Rampell.
We're thrilled to see House members work together on this bill, and we hope it's a sign of what's to come across Congress.
Building a Bipartisan Foundation for Accountable Higher Education
By Evan Mintz, communications director
New federal legislation could help expand evidence-based student success programs in higher education and bolster college accountability – but lawmakers need to make sure their proposed reforms avoid unintended consequences.
What’s Happening: This week the House Committee on Education and the Workforce considered the College Cost and Reduction Act, which will create incentives to bring down the costs of college and will help hold institutions accountable for student outcomes. Arnold Ventures has submitted a letter to the committee offering our perspective.
Why It Matters: Postsecondary education provides the surest path to economic mobility and valuable careers, but around 40 percent of students don’t earn a degree within six years and many graduates end up with low-paying jobs and unaffordable student debt. This bill creates a foundation on which lawmakers can build bipartisan, bicameral discussions on ways to get at these problems.
What’s Next: As Congress debates this bill, lawmakers will have to ensure they also protect already existing regulations created to protect students and taxpayers from unaccountable higher education institutions, such as the gainful employment rule, the 90/10 rule, and borrower defense rules.
ABC News reports on how North Carolina Governor Roy Cooper recently signed an executive order that provides workforce training and tools for incarcerated people to improve reintegration outcomes and reduce recidivism.
In the Lake County News-Sun, a former journalist for the paper who previously believed that Illinois’ Pretrial Fairness Act would be a “recipe for disaster” now admits that the law appears to be working and is improving equity and community safety.
The latest story in AL.com’s series on the problems with Alabama’s parole system investigates the case of Stacy Shadwrick, a 53-year old woman who, in 1993, was sentenced to life in prison for robbery under the state’s strict habitual offender law. Given the state’s plummeting parole rates, Shadwrick faces an uphill battle to be released from prison despite no disciplinary infractions and a letter from the judge who sentenced her asking for leniency.
AV Executive Vice President of Health Care Mark E. Miller released a statement this week on the proposed Medicare Advantage and Part-D rate notice.
AV grantee Altarum found 68% of consumers in North Carolina had experienced at least one health care affordability burden in the prior year; 85% reported being worried or very worried about affording health care in the in future; and 61% reported delaying or going without care for cost-related reasons in the prior year in its North Carolina consumer experience survey.
Small Business for America’s Future released a new survey that reveals small business owners want prescription drug cost reform amid Medicare price negotiations.
Federal regulations intended to streamline the authorization process for distance education institutions might be unintentionally weakening state oversight, leaving students vulnerable to predatory behavior, according to a two-part report by the Postsecondary Equity & Economics Research Project, an AV grantee.
Higher Ed Dive reports on a proposal from Pennsylvania Gov. Josh Shapiro that wouldcreate a performance-based funding model for all publicly funded colleges.
In case you missed it, this past weekend 60 Minutes covered the ongoing crisis in corrections, highlighting how understaffing at the Bureau of Prisons imperils the wellbeing of staff and incarcerated people alike, and reduces the availability of programing that can reduce recidivism. Watch here.
KQED's audio trailer for its new season of the "On Our Watch" podcast paints a vivid picture of the complexity of life working inside a prison. The series, which starts on Tuesday, February 6, follows thestory of two investigative corrections officers at the “New Folsom” prison in California. Listen here.
Save the Date
On Tuesday, February 13, from 11 a.m. to 12:30 p.m. EST, the Urban Institute will host "The Future of Federal Support for Small Businesses," a panel discussion both in person and on Zoom. Speakers will include Arnold Ventures Public Finance Program Integrity Fellow Doug Criscitello. Learn more and register here.
The Higher Education and Evidence-Based Policy teams have created a request for proposals for rigorous impact evaluations of programs and practices (“interventions”) to promote college success in the United States.
You are receiving this email because you registered for news updates from Arnold Ventures.
1717 West Loop South
Houston, TX 77027
Email Marketing Powered by Mailchimp