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January 17, 2024

Congress, Don’t Legislate a Takeover of the Nation’s Rental Housing Market

It is an election year and Congress will soon consider two bipartisan bills to address high rental costs for many renters. The first is the Workforce Housing Tax Credit (WFHTC) and the second would be an expansion of the existing Low-Income Housing Tax Credit (LIHTC).  The WFHTC would extend eligibility for subsidized units tenants earning below the area median….

By Tobias Peter | Kevin Corinth | Edward Pinto

January 16, 2024

Dry January Should Be Drug Free

There is nothing at all objectionable about the Dry (or semi-dry) January idea. The National Institute on Alcoholism reports that there were some 13,000 drunk-driving-related deaths in 2021—and that, overall, some 140,000 annual deaths can be linked to excessive drinking. For those who drink too much, drinking less is an obvious benefit. What makes the movement notable,…

By Howard Husock

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…

By Howard Husock

January 15, 2024

The Economy Is Good. Why Do Consumers Feel So Bad?

As we approach another federal election cycle, there will be a lot of talk about the state of the economy. Are Americans better off, economically speaking, than they were when President Biden took office three years ago? Despite our having lived through a pandemic and the resulting unprecedented economic shocks, it still should be a…

By Beth Akers

January 12, 2024

When It Comes to the State of the American Economy, Let’s Keep It Real

Here we go again. An oft-repeated economic claim on social media is that most Americans lack the means to cover a $400 emergency expense. More evidence that most of us in “late capitalist” America live paycheck to paycheck. Indeed, another common claim on social media is that nearly 80 percent of US workers live paycheck…

By James Pethokoukis

January 12, 2024

Small-Dollar Demonstration Projects Can’t Hide That a National Guaranteed Income Program Would Cost Trillions

Abstract While some have declared that short-term guaranteed income demonstrations (patterned on universal basic income schemes) are working almost universally, such cheerleading misses a major drawback: the enormous costs that would arise if such programs operated at a national level, as proponents intend. This report reviews the costs of some recent proposals to operate such…

By Matt Weidinger

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…

By Kevin Corinth

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…

By Brent Orrell

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…

By W. Bradford Wilcox

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…

By Matt Weidinger