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October 8, 2024
House Committee on Ways and Means Hearing on Misuse of TANF Funds
Introduction: Chairman Smith (R-MO), Ranking Member Neal (D-MA), and members of the House Committee on Ways and Means, I appreciate the opportunity to submit testimony on the important topic of reforming the Temporary Assistance for Needy Families (TANF) program to better target families in need, connect people to work, and improve accountability. My name is…
October 8, 2024
Harris Housing Subsidies: A Recipe for Repeating Past Mistakes
Presidential candidate Kamala Harris has proposed housing policies that recycle ineffective strategies long seen in federal housing programs. Her key proposals include subsidies for the construction of 3 million new housing units over four years and $100 billion in down payment assistance to first-time homebuyers. Unfortunately, history tells us her plan would be worse than…
October 8, 2024
The Longshoremen Are Making the Wrong Demands
They shouldn’t be trying to block automation. They should be trying adapt to it. The International Longshoremen’s Association ended a three-day strike last Thursday after reaching a deal with a consortium of port operators for a large wage increase for the the 47,000 dockworkers, phased in over the next few years. The deal gives both…
October 8, 2024
Unplanned Obsolescence
Tech sector layoffs have grabbed a lot of headlines over the past two years since the Federal Reserve ended its zero interest rate policy that enabled vast investment in research, development, and high-tech start-ups and as artificial intelligence (AI) has begun to reshape a growing number of sectors. A recent article from the Wall Street Journal highlights a harsh…
October 7, 2024
Presidential Candidates’ Dueling Child Credit Expansions Explained
The Trump-Vance and Harris-Walz presidential campaigns have each recently proposed large expansions to the child tax credit (CTC). Both proposals might be intended to appeal to similar voters, but they vary significantly regarding budgetary cost, distribution of benefits, and effect on work incentives. This article compares the proposed expansions with the current Tax Cuts and Jobs…
October 7, 2024
Has Kamala Harris Given Up on “College for All”?
In 2009, then-President Obama made a bold proposal: “By 2020, this nation will once again have the highest proportion of college graduates in the world.” His administration then pursued a slew of policies to boost college attendance, including fatter tuition tax credits, a larger Pell Grant, and free tuition at community colleges. Echoing Obama, over the next several…
October 7, 2024
Why Middle Class Wages Aren’t Growing
Senior Fellow Kevin Corinth discusses factors hindering wage growth for the middle class.
October 3, 2024
Six Ideas to Fix Higher Education in 2025
America will have a new president and a new Congress in 2025, and with that change comes the opportunity to rethink federal policy towards higher education. The federal approach suffers from many problems, but the core one is that federal subsidies indiscriminately fund traditional colleges, regardless of their financial value, and shortchange promising alternatives, such…
October 3, 2024
The New “Old Girls Network” in the American Workplace
One of America’s great success stories has been the gradual opening of opportunities for women in nearly every field, from athletics to higher education. Nowhere has the change been more profound than in the workplace. In 1970, just over 15 percent of all management jobs were held by women. According to McKinsey, that figure has now risen…
October 3, 2024
Protectionism is Failing and Wrongheaded: An Evaluation of the Post-2017 Shift toward Trade Wars and Industrial Policy
Abstract The Trump–Pence and Biden–Harris administrations enthusiastically embraced protectionism. Each administration explicitly argued for a break from the bipartisan consensus of recent decades that has been generally supportive of free trade and of allowing markets to shape US industrial and employment composition. But the protectionism of the Trump and Biden administrations has not succeeded and…