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September 25, 2024

The Costs of Inaction: Economic Risks from Housing Unaffordability

Chairman Whitehouse, Ranking Member Grassley, and committee members, thank you for the opportunity to testify on this most important topic. History offers a cautionary tale against inappropriate federal action in the housing market: From the 1930s to 2008, Congress passed and presidents signed into law at least 43 housing, urban renewal, and community development programs. Despite their lofty…

By Edward J. Pinto

September 25, 2024

The Promise — and Danger — of Kamala Harris’s YIMBYism

Vice President Kamala Harris is not wrong to emphasize that the best solution to our housing shortage is the construction of new homes. She’s actually enunciated something close to a program to do so: tax credits for small “starter” homes, as part of a push for 3 million new houses. It’s encouraging that the Democratic presidential candidate shows a basic knowledge…

By Howard Husock

September 24, 2024

Household Food Insecurity Rises Again – Inflation, especially for households ineligible for safety net programs, to blame

Each year the USDA issues a closely-followed report on the extent of food insecurity in the United States. This year, the USDA reported 13.5 percent of US households were food insecure at some point in 2023, which was a statistically significant increase from the 2022 rate of 12.8 percent and higher than the pre-pandemic rate…

By Angela Rachidi | Craig Gundersen

September 23, 2024

The Last Bipartisan Policy

Name a policy that Donald Trump, Kamala Harris, Ron DeSantis, and Gavin Newsome all support. And I don’t mean something they are passively allowing or a shallow endorsement of motherhood and apple pie, but real, meaningful policy they are running on in campaigns and enacting while in office. The list of such policies is not…

By Michael Brickman

September 23, 2024

Toward a Potential Grand Bargain for the Nation

The views expressed in this report are those of the individual authors who collectively constitute the Grand Bargain Committee, co-chaired by Michael R. Strain and Isabel V. Sawhill. This report was sponsored by the Center for Collaborative Democracy and was prepared independent of influence from the center and from any other outside party or institution. It…

By Michael R. Strain | R. Glenn Hubbard

September 23, 2024

The Kamala Harris Plan for More Housing Shortages

A signature feature of Kamala Harris’s housing plan is providing first-time home buyers with $25,000 in down-payment support, at a total cost of $100 billion over four years. Absent a severe recession, this policy is all but certain to lead to higher home prices. That’s because the four million program recipients would become price setters for…

By Edward J. Pinto

September 21, 2024

Why Is Race Still a Factor in Adoption?

“I know you really want to be parents, and I can tell that you would love and dote on the child,” Angela Tucker, a consultant for an adoption agency, told Todd and Tammy. “But adopting a Black child requires more than love. I will not be recommending that you proceed with adopting a Black child.”…

By Naomi Schaefer Riley

September 20, 2024

How Public Housing Fueled Boston’s Busing Riots

This month marks the 50th anniversary of the North’s worst episode of school desegregation–related racial violence: Boston’s busing riots. Mobs hurled rocks at buses filled with black students newly assigned to South Boston High School, set on the “heights” of that largely white neighborhood. At the time, and in retrospect, the violence was blamed on…

By Howard Husock

September 20, 2024

Don’t Believe the Doomsayers. The American Dream Is Still In Reach for Young People

The American dream is still alive and can be achieved in just one generation, even among the most economically disadvantaged young people. That finding is among the most promising takeaways from new research produced by Harvard University’s Raj Chetty and his collaborators. These analysts studied economic outcomes for 57 million children born between 1978 and 1992, whose…

By Ian Rowe

September 19, 2024

Government benefit programs already do a lot to help low income families

Politicians, policy analysts, and advocates have proposed increasing the generosity of the Child Tax Credit (CTC), as a means of providing more resources to low-income families with children. Before deciding whether to expand the CTC and by how much, policymakers should be aware of existing tax and transfer policies that already provide a substantial amount…

By Kevin Corinth