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January 8, 2024
On this day in 1964, President Lyndon B. Johnson declared an unconditional war on poverty in America during his State of the Union address. Six decades later, the nation has made tremendous strides, including a sizable reduction in the poverty rate as Americans enjoy an improved standard of living. Yet we have not won the war. Success…
December 18, 2023
How to assess the health of democratic capitalism in the United States? Fundamentally, it is very strong. The marriage of democratic politics and a free-market economy continues to strengthen each, with free markets generating the employment opportunities and prosperity that lead to widespread support for our political system and the rule of law, strengthen democratic…
December 14, 2023
The skewing of income toward the top 1% of earners has become a central issue in American politics, with both Republicans and Democrats proposing higher taxes on the rich. But new research finds that it may not be true, suggesting that policymakers would do better to focus more on helping the working class. WASHINGTON, DC—For…
November 14, 2023
In 2021, Democrats succeeded in temporarily expanding the child tax credit (CTC) as part of President Biden’s American Rescue Plan. Previously, the maximum CTC of $2,000 per child was available only to workers with income tax liability and who exceeded an earnings threshold. The expansion gave every family $3,000 per child—$3,600 for younger children—regardless of whether…
October 17, 2023
When it comes to helping poor children in America grow up to enjoy successful adult lives, progressives and conservatives each have half the truth on their side. There is strong evidence to support both broad public spending programs and policies designed to encourage personal responsibility and stable households. What is the best way to help…
September 18, 2023
We’re living through one of the greatest housing crunches the U.S. has ever known. It’s resulted in record numbers of homelessness and entire generations certain they will never become homeowners, that critical milestone of the middle class. But there is a simple solution to the problem. The answer to our housing crisis is to legalize…
September 15, 2023
In the past couple of weeks, I’ve written one column arguing that the economic situation for working class America is now better, relative to a decade ago, than some pessimistic populists make it sound, and another arguing that the eating-away at American wages because of inflation explains some important measure of President Biden’s political difficulties. I think both of…
September 14, 2023
The Two-Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind, by Melissa S. Kearney (University of Chicago Press, 240 pp., $25) Imagine you are twelve years old and your public-school teacher asks you and your seventh-grade classmates to stand side by side in a line. The instructor lists a series of personal attributes and…
July 27, 2023
The overall employment situation looks great in the United States—so why are so many men not working? The Wall Street Journal reports that work among prime-age Americans—those between 25 and 54 years of age—is at the highest rate in two decades, driven by rising wages and worker shortages. After years of decline in labor force participation, this is certainly welcome…
June 7, 2023
Republicans have one more chance to roll back out-of-control welfare spending this year. The farm bill—must-pass legislation that authorizes food stamps and other agriculture programs—will be voted on by December. GOP lawmakers should focus on reining in President Biden’s unprecedented and expensive food-stamp hike. The American Rescue Plan’s temporary 15% increase in food-stamp benefits was…