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February 29, 2024
Sometimes what is left unmentioned can be far more important than what is said. A good example is obscure guidance issued last week by the US Department of Labor (DOL) encouraging workforce programs to allow beneficiaries to self-certify their eligibility. That guidance directly affects a handful of programs with limited funding that offer a variety of employment-related…
February 22, 2024
Growing second-thoughts on bachelors’ degrees and labor market pressures have caused employers to move toward more inclusive recruitment practices through “skills-based hiring.” This approach prioritizes the specific abilities and competencies relevant to a job over traditional educational credentials, including college degrees, based on the theory that degrees often have little to no connection to ability….
February 15, 2024
Harvard University’s Joint Center for Housing Studies is back with its annual State of the Nation’s Housing report—and once again it reaches a bleak conclusion based on a loaded and leading question designed to sound an alarm for more federal housing subsidies. Its key metric is what it calls “cost-burdened renters”—those spending more than a third…
February 12, 2024
“Each generation is worse off than the one before.” It’s one of the primary tenets of the notion that American capitalism has failed and that we live in the final days of “late capitalism.” But have things really been all downhill since the Boomers became adults? Maybe not, according to the new study “Has Intergenerational…
January 30, 2024
Lately, it’s been Republican lawmakers who have been at the table and offering up comprehensive reform for higher education policy, but this week House Democrats got back in the game. Today, they released new legislation outlining their vision for higher education reform beyond the administration-led student loan cancellation agenda. In some sense, this marks a welcome return to normalcy,…
January 29, 2024
The Wyden-Smith proposed tax legislation would make four changes to the Child Tax Credit (CTC). First, it would increase the cap on the refundable portion of the CTC, eventually to the same amount as the maximum non-refundable CTC. Second, it would begin indexing the maximum non-refundable CTC with inflation. Third, it would apply a one-year lookback for…
January 9, 2024
The Bureau of Labor Statistics (BLS) “monthly jobs report” last Friday closed the book on 2023, recording a continuing expansion of both labor supply and paid work in America last year—and continuation of the lowest annual unemployment rate since the 1960s. America not only missed the 2023 recession that many (including your humble servant) were…
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 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 1, 2023
In what is becoming an annual ritual, news accounts and DC sources suggest liberals’ end-of-year legislative wish list once again includes reviving the worst part of Democrats’ partisan 2021 child tax credit (CTC) expansion. That proposal would convert the pro-work CTC into new federal welfare checks for nonworking parents, which Congress should flatly reject. Here’s how the respected Committee for a Responsible Federal…