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February 15, 2024
Chaotic campuses rife with double standards about the kinds of speech that merit protection. A Biden administration determined to let student borrowers shrug off hundreds of billions in loans and stick taxpayers with the tab. Progressive states working to eliminate advanced math based on misguided notions of “equity.” Survey findings showing that, when asked about the purpose of civics education, more K–12 teachers mention…
February 14, 2024
A new bill is making its way through Congress, aiming to expand the existing Child Tax Credit (CTC) policy. As part of a Dispatch debate series, associate editor Luis Parrales moderates a debate between Kevin Corinth of the American Enterprise Institute and Patrick T. Brown of the Ethics and Public Policy Center on the merits of the proposal. What are the tradeoffs of a work requirement? Should…
February 14, 2024
It’s looking like this year’s election will feature a Trump-Biden rematch — a pairing that’s especially frustrating for education, where the nation is wrestling with a raft of real problems: dismal student achievement, chronic absenteeism, chaotic classrooms, plunging confidence in higher education, and more. The Biden administration makes clear that a party beholden to the teacher unions can’t do much…
February 12, 2024
“Each generation is worse off than the one before.” It’s one of the primary tenets of the notion that American capitalism has failed and that we live in the final days of “late capitalism.” But have things really been all downhill since the Boomers became adults? Maybe not, according to the new study “Has Intergenerational…
February 9, 2024
Congress doesn’t make New Year’s resolutions, but if it did, digesting our new report on pandemic fraud would be a good one. Released last week, the new report (“Pandemic Unemployment Fraud in Context: Causes, Costs, and Solutions”) details the how and why of record unemployment benefit fraud during the pandemic. Enacting even some of our policy resolutions…
February 8, 2024
Modifications to the child tax credit (CTC) are included in H.R. 7024, the Tax Relief for American Families and Workers Act of 2024, which the House of Representatives approved on January 31, 2024. That legislation pairs an extension of expired business tax relief policies, generally sought by Republicans, with an expansion of the CTC, which…
February 8, 2024
Tuesday, I published a critique of a paper by Council of Economic Advisers senior economist Jacob Bastian related to the debate over expanding the child tax credit (CTC). In that paper, Bastian sought to discredit analyses claiming that single mothers are highly sensitive to work incentives. Specifically, he argued that the “labor supply elasticities” used…
February 7, 2024
H.R. 7024, the Tax Relief for American Families and Workers Act of 2024, was passed by the House last week and is now moving to the Senate for consideration. The bill would change the Child Tax Credit (CTC) in several ways. The two most contentious changes are a one-year lookback for the refundable portion of…
February 7, 2024
When the French statesman Charles-Maurice de Talleyrand was asked for his thoughts on the Bourbon royal family in exile, he replied, “Ils n’ont rien appris, ni rien oublié.” They have learned nothing, and forgotten nothing. The Bourbons hadn’t learned the lessons of the French Revolution or grasped what it revealed about their nation. Worse, they carried…
February 6, 2024
For the past two years, economist Jacob Bastian has been the main researcher dedicated to trumpeting the virtues of a child tax credit (CTC) expansion. Writing first as an economist from academic perches at Rutgers and Princeton, later as an affiliate of moderate think tanks like the Niskanen Center and the R Street Institute, and…