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August 28, 2024
…current $2,000 per child under the 2017 Tax Cut and Jobs Act (TCJA), offsetting the elimination of the personal exemption and changes to the standard deduction in the tax code….
July 24, 2024
As the American Worker Project analysis shows, real wages have increased over time. Real wages are nominal wages corrected for changes in the price level, and a natural approach to understanding the…
July 23, 2024
…itemized deduction for charitable contributions. At the same time, by nearly doubling the standard deduction, it sharply increased the percentage of tax-filing households choosing not to itemize deductions. This report…
June 18, 2024
…create new ones. Whether old or new, though, there are certain characteristics that good institutions share. First, they are personal. The past century has featured ambitious attempts to standardize American…
June 18, 2024
…people’s income relative to that of their parents in two ways. The first measures an individual’s and his parents’ standard of living. This kind of mobility is known as “absolute…
June 4, 2024
…fiscal responsibility. The inflation to which it contributed is a major headwind in his quest for re-election. Finally, Biden’s regulatory agenda rejects the consumer-welfare standard in competition policy in favor of a…
April 9, 2024
…this new plan affect that, the Wyden-Smith plan? There’s a pretty large standard deduction. So if you don’t have earnings of, say, $25,000, then you don’t pay any federal income…
March 27, 2024
Opportunity varies by place in the US, with the lowest levels of opportunity in states in the former Confederacy and American Indian reservations. Rural America faces unique challenges in relative…
March 6, 2024
…access to higher education and reaped the benefits in terms of higher GDP and living standards. Education, then, feeds human capital development, the complex mix of education, skills, and social connection on which free markets depend for growth. To…
February 29, 2024
…line, each group makes a variety of arguments for why they oppose the pilots. None of these reasons, however, stands up to much scrutiny. Hundreds of items in grocery stores…