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December 11, 2023
By implementing onerous requirements on Airbnb hosts, New York City is attempting to scapegoat short-term rental (STR) sites for the city’s own failings. Rather than accounting for city policies that continue to drive its housing and hotel room shortage, officials have decided to target the city’s 40,000 active listings, operated by—mostly smalltime—Airbnb hosts. In the…
December 11, 2023
“These are first-of-their-kind bills in the United States,” Utah Gov. Spencer Cox said in March at the signing of SB152, which required social media companies operating in Utah to age-verify users and obtain explicit parental consent for users under the age of 18 to open an account. “That’s huge that Utah is leading out in this…
December 11, 2023
A recent column by John Burn-Murdoch in the Financial Times presents statistics side-by-side showing that “the wealthiest Americans are the richest people in the developed world, but America’s poorest are also the most likely to go hungry.” The chart buttressing the latter part of that conclusion shows that in over 12 percent of American households,…
December 11, 2023
The post-pandemic rise in rents has fueled the view that the private housing market inevitably fails those of modest means. The left-leaning Center for Budget Policies and Priorities summarizes the idea that the short-term spike in rents merely dramatizes that essential market failure. It asserts that the “rent burden among families with the lowest incomes is a…
December 8, 2023
Last month, members of the House of Representatives and Senate sent a letter encouraging Farm Bill negotiators to consider the Hot Foods Act. The legislation would allow recipients of the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) to use their benefits on hot prepared meals sold at grocery stores. Currently, the program restricts hot foods from purchase…
December 8, 2023
The Biden administration has abolished the federal student-loan program, at least if a “student-loan program” is one in which students borrow money and then eventually repay it. What’s being erected in its stead is a scheme that’s rife with moral hazard, seemingly designed to inflate college costs, and best described as a “student-fraud program”—in which…
December 8, 2023
EXECUTIVE SUMMARY Driven by increases in graduate enrollment and the availability of uncapped loans, graduate debt has become a growing share of federal student lending. Most of the growth in the average and overall levels of student indebtedness in the past fifteen years has been driven by graduate student debt. Despite being just 21 percent…
December 8, 2023
Since 2005, graduate students in the United States have been able to borrow from the federal student loan programs essentially without limit. Before that, loans were available to graduate students from the US Department of Education, but they were constrained to reasonable levels. Since limitless credit became available to graduate students in 2005, graduate student…
December 7, 2023
Before Thanksgiving, the White House Council of Economic Advisers (CEA) released a blog post titled “The Anti-Poverty and Income Boosting Impacts of the Enhanced CTC.” That’s a reference to the temporary—and now expired—expansion in the child tax credit (CTC) enacted as part of Democrats’ March 2021 American Rescue Plan Act. In its FY 2024 budget proposal earlier…
December 5, 2023
When it comes to the most important challenges families face today, the public has ideas about how the economy, family structure, health, and other issues rank—but these perceptions don’t always match what the public reports as the biggest issues for their own families. The ninth annual American Family Survey delves into the experiences of American…