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January 31, 2024

Perspective: The ‘social workplace’ and why it matters to Zoomers

Social connections are increasingly as important as pay to younger workers. A mission-led workplace can help In his 1759 book “The Theory of Moral Sentiments,” Adam Smith observed that human sociality is the taproot of economics. The instinct to “truck, barter and exchange,” Smith argued, arises out of our need for others and is the…

January 15, 2024

New York’s Voter Suppression

Some Americans never register to vote. Those of us who do usually register just once. But over the past two years I’ve registered three times. I might even do it again—for the reason progressives say they endorse: I want my vote to count. In New York, where I live, it isn’t easy. My deep-blue state…

January 12, 2024

Congress Shouldn’t Expand Welfare in Return for Corporate Tax Cuts

Bipartisan negotiations to revive the Democrat-favored 2021 Child Tax Credit in return for Republican-favored business-tax cuts are heating up. The business-tax cuts could be helpful in principle — if they focus on encouraging future investment and don’t add to the deficit. But under no circumstance should Republicans agree to turn the Child Tax Credit into a welfare…

January 12, 2024

Get Ready for AI-Driven Skill Democratization

For decades, automation has been a rough road for middle-skill workers. These jobs used to provide plentiful, family-supporting employment opportunities for those with only a high school education or even less. Robotics and, to a lesser extent, trade dramatically reduced the number of middle-skill jobs leading to what economists called a “polarized” labor market: many high-skilled and low-skilled…

January 12, 2024

What is the Utah “Family Miracle”?

I’ve written before about the “Utah Family Miracle,” referencing the fact that no state in America has more families headed by married parents than the Beehive State:   “In 2021, 55% of adults in Utah (ages 18-55) were married and 82% of its children were living in married-couple families. This compares to a national average of 45% of…

January 11, 2024

Tax Credit Nation — Politicians Are Casting New Spending As ‘Tax Cuts,’ Hiding Their True Cost

With the national debt soaring past $34 trillion, liberal politicians hoping to expand the federal leviathan face a conundrum. How can they convince Americans wary of the effects of runaway government spending—painfully evident in recent elevated inflation and interest rates—to nonetheless support even greater expenditures? As President Biden and others demonstrate, one way is to cast new…

January 11, 2024

To Better Promote Work, Stop Subsidizing More Benefit Collection

Never shy about lampooning government dysfunction, Ronald Reagan famously said that if you want more of something, subsidize it. But even the Gipper couldn’t have imagined today’s growing zeal to subsidize getting more people on government benefits, which undermines work and leaves too many on the sidelines of the economy. Welfare programs achieve that dubious distinction…

January 10, 2024

By the Numbers: Here’s How the New Federal Financial Aid Formula Harms Families with More Than One Child

The old federal formula for higher education financial aid is dead. The new formula creates winners and losers. Specifically, the new formula harms middle-class families with more than one child in college at a time. It’s not that the new formula doesn’t take family size into account at all—it does, barely. The issue is that the new formula calculates the total…

January 10, 2024

Even Congress’s “Tax Extenders” Are About More Benefits

Congress’s long list of unfinished business for the new year includes “tax extender” legislation, which is normally considered before lawmakers adjourn for the holidays in December. The fact that this legislation has lingered into January isn’t the only oddity. In an era of already rapidly rising spending, the more troubling anomaly is much of that supposed…

January 9, 2024

Let’s Expand the Child Tax Credit a Little Bit

A bipartisan group of senators is trying to hash out a deal on extending some of the Republican tax cuts from 2017. If Congress does nothing, the child tax credit will drop down to $1,000 per child from its current level of $2,000. Some lawmakers want to expand the child tax credit massively. Others don’t. There’s a middle course that involves moderately growing…