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October 26, 2023

New Report Sheds Light on Expansive Biden Student Loan Forgiveness Scheme

Last week, the Urban Institute published a new report examining, in detail, the implications of President Biden’s latest scheme to forgive as much student debt as possible before the next election cycle: the SAVE repayment plan. This report brings much needed clarity to the question of exactly how Biden’s misguided attempts to forgive student debt through executive…

By Beth Akers

October 26, 2023

Working from Density

Is the COVID-19-driven surge in remote work temporary or permanent? To assess how the geography of work may evolve, we analyze the pre-pandemic status quo. Casual theorizing might suggest that workers with teleworkable jobs in the pre-pandemic era were more likely to live in the less dense, peripheral neighborhoods in their metropolitan area. Instead, we…

By Stan Veuger | Leah Brooks | Phillip G. Hoxie

October 25, 2023

The Freedom to Choose

When appraising American social cleavages, we should avoid lapsing into two unfortunate trends in conservative thinking: despair and polarization. In “Conservatism and Class,” Bruce Frohnen argues that conservatives should embrace class analysis albeit in a more heterodox and less exclusively economic way than we typically think of it. His argument makes compelling points, especially in the way it extends the Madisonian principle of…

By Brent Orrell

October 25, 2023

Dispelling Myths About The Child Tax Credit

Every culture has its famous myths, such as Bigfoot and the Loch Ness monster, and the world of politics is no different. Take, for example, President Joe Biden’s claims that he is a unifier or that ” Bidenomics” is working . The president offered another mythical claim last month when he said that “we cut child poverty by nearly half ……

By Matt Weidinger

October 24, 2023

Testimony: The Consequences of Redrawing the Poverty Line

Chairman Smith, Chairman LaHood, Ranking Member Davis, and distinguished members of theSubcommittee on Work and Welfare, thank you for the opportunity to testify on povertymeasurement. My name is Kevin Corinth, and I am a Senior Fellow and the Deputy Director ofthe Center on Opportunity and Social Mobility at the American Enterprise Institute. Thistestimony reflects my…

By Kevin Corinth

October 24, 2023

Testimony: Hearing on Measuring Poverty

Chairman Smith, Subcommittee Chairman LaHood, Ranking Member Davis, and distinguished members of the Committee, thank you for the opportunity to testify. I am Bruce Meyer, McCormick Foundation Professor at the University of Chicago Harris School of Public Policy. My 40-year-long research agenda has focused on the accuracy of government data; I have served on multiple…

By Bruce Meyer

October 24, 2023

Roanoke Atones for Urban Renewal—Artistically

Discussions of the ill effects of public housing, urban renewal, and urban freeways usually focus on big cities: the Chicago-lakefront hellhole called the Robert Taylor Homes, now-demolished; Robert Moses’s Cross-Bronx Expressway, which tore through the heart of that borough; the brutalist Boston Government Center, which replaced the vibrant Scollay Square. But a moving new exhibit…

By Howard Husock

October 23, 2023

Teach Your Children Well

A few years ago, David Brooks wrote a column in which he took a friend without a high school degree to a sandwich shop. “Suddenly,” he recounted, “I saw her face freeze up as she was confronted with sandwiches named ‘Padrino’ and ‘Pomodoro’ and ingredients like soppressata, capicollo and a striata baguette. I quickly asked…

By Naomi Schaefer Riley

October 23, 2023

Spatial Spillovers and the Effects of Fiscal Stimulus: Evidence from Pandemic-Era Federal Aid for State and Local Governments

Abstract We analyse whether US federal aid to state and local governments impacted economic activity through either direct or cross-state spillover effects during the COVID-19 pandemic. Deploying an instrumental-variables framework rooted in the funding advantage of states that are over-represented in Congress, we find that federal assistance had significantly less impact on state and local…

By Stan Veuger | Beatrice Lee | Jeffrey Clemens | John Kearns

October 23, 2023

A Carbon Tax to Finance Child Tax Credit Expansion

A carbon tax is considered by most economists to be the most efficient and effective way to reduce carbon emissions. However, a long-standing political challenge to a carbon tax is the perception that it would disproportionately burden low- and middle-income households relative to high-income households. Many analysts and lawmakers have proposed using carbon tax revenues…

By Kyle Pomerleau | Shuting Pomerleau