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February 7, 2025
Low-Performing Students Fall Farther Behind the Pack
On January 29, the National Assessment of Education Progress, NAEP, released results from its 2024 assessment. This latest installment of the self-styled “Nation’s Report Card” makes depressing reading. Indeed, if it weren’t for bad news, there would be hardly any news at all. The previous 2022 NAEP results were bad—but they could be blamed on…
February 4, 2025
Snip, Snip: Spending Cuts Are Coming
Republicans’ agenda of cutting taxes and increasing spending on their policy priorities depends significantly on identifying productive spending reductions. But just cutting spending will not be enough. Republicans must also explain how their tax and spending cuts will result in better outcomes for all Americans. The federal debt has exploded to $36 trillion and annual…
January 22, 2025
How the Trump Administration Can Hit Its Growth Target
By setting an ambitious 3% growth target, US Treasury Secretary nominee Scott Bessent has provided the Trump administration a North Star to follow in devising its economic policies. The task now is to focus on productivity growth and avoiding any unforced errors that would threaten output. US Treasury Secretary nominee Scott Bessent is right to…
January 21, 2025
How Trump Can Permanently Fix the Student Loan Program
Even before he took office, President Donald Trump was already securing major policy wins. Trump’s election induced the Biden administration to withdraw two pending regulations that would have canceled over $250 billion in federal student loans, without congressional approval. Biden officials judged that they did not have enough time to finalize the loan cancellation plans before the new administration takes over….
January 21, 2025
Calling DOGE: HUD’s Costly Hunt for Answers the Market Already Has
The Department of Housing and Urban Development’s (HUD) new grant opportunity of $250,000–$500,000 for research on “Increasing Missing Middle Housing Supply” highlights yet another instance of government inefficiency and waste. While the country clearly needs more middle or light-touch density (LTD) housing, such as accessory dwelling units (ADUs), duplexes, and townhomes, the answers HUD seeks with the…
January 16, 2025
Should We Believe the Economic Data or Americans’ “Lyin’” Eyes? The Answer Is Yes.
Many Americans are convinced the economy is ailing and that life is financially tougher today than a decade—or a generation—ago. Social media posts wax nostalgic for a long-lost era when all single breadwinners allegedly could afford a home and two cars for a family of four. Everyone seemingly knows someone who did everything they were…
January 7, 2025
Tax Policy Should Prioritize Shoring Up the Family
During the Biden years, tax policy related to the family revolved around the child tax credit (CTC). Attempts to expand the credit to make it easier for two-parent families to have kids and rely on a sole breadwinner were thwarted by objections that a child allowance would also promote single-parent families in which no one…
January 3, 2025
Thanks, Joe Manchin
During transitions of power, it’s easy to fixate on a new administration’s nominees and legislative agenda while losing sight of those exiting the political stage. But as the new Congress begins today, we shouldn’t ignore the significant contributions of outgoing Senator Joe Manchin (I., W.Va.), a stalwart advocate of work over welfare dependency — even when…
December 31, 2024
Farewell, President Stimulus
When it comes to stimulus, President Joe Biden has carved out a signature spot in American history. From his role as “sheriff” overseeing Democrats’ massive 2009 stimulus law to signing an even bigger stimulus bill as president in 2021, Biden is more closely associated with partisan stimulus policy than any other politician. And the disastrous political consequences of…
December 29, 2024
Why Rent Regulation Remains So Hard to Undo in NYC
Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period,…