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September 2, 2024
This Is How to Fix the Housing Crisis
Vice President Kamala Harris correctly identified one of America’s biggest problems when she said that “there’s a serious housing shortage.” America’s affordable-housing crisis exacerbates wealth inequities, leads low-income parents to live in neighborhoods with less upward mobility and reduces our country’s capacity for economic growth, innovation and adaptation to regional shocks. Unfortunately, her proposed solutions…
August 30, 2024
When It Comes to Declining Donations, There’s More to the Story
To the Editor: New research showing a sharp decline in giving in 2018 — the year after passage of the 2017 Tax Cuts and Jobs Act — must be tempered by a consideration of the extent of nonitemized giving, which is often difficult to capture. Rasheeda Childress’s article “Donors Likely Giving $16 Billion Less Each…
August 30, 2024
Harris’s Child Tax Credit Plan Punishes Working Families
Vice President Kamala Harris recently announced an economic plan for her presidential campaign. A centerpiece is the transformation of the Child Tax Credit (CTC) into a child allowance. If it became reality, the policy would discourage parental employment and risk harming the long-run prospects of children. These unintended consequences together with the plan’s cost should…
August 29, 2024
The Distribution of Social Capital across Individuals and its Relationship to Income
Abstract There have been several attempts to measure social capital—the value inhering in relationships—at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct linkage and imputation across several nationally representative datasets, we produce a comprehensive measure of social capital at the individual level. We validate our measure by…
August 29, 2024
Kamala Harris Wants to Turn the Tax Code into a Mammoth ATM
Given her liberal record, it’s no surprise that Vice President Kamala Harris’s recently released economic agenda calls for vast increases in benefits for low-income adults. But it should be surprising for that spending to be cast as tax relief since low-income adults pay few, if any, federal income taxes in the first place. That’s the spin Harris…
August 29, 2024
It’s Time for Radical Reform in Higher Education
There were many years when Republican and Democratic lawmakers weren’t too far apart on higher education policy. Their rhetoric reflected different priorities, but neither party really pushed for a radical departure from the status quo. Debate about reform was largely at the margins. But times have changed. The Overton window on higher education has shifted…
August 28, 2024
Race, Ethnicity, and Measurement Error
Abstract Large literatures have analyzed racial and ethnic disparities in economic outcomes and access to the safety net. For such analyses that rely on survey data, it is crucial that survey accuracy does not vary by race and ethnicity. Otherwise, the observed disparities may be confounded by differences in survey error. In this paper, we…
August 28, 2024
Some Context Behind JD Vance’s Child Tax Credit Comments
Recently, GOP Vice Presidential nominee JD Vance said on Face the Nation “We should expand the child tax credit… I’d love to see a child tax credit that’s $5,000 per child.” He further proposed that the expanded credit be extended to “all American families,” emphasizing disparities in the availability of the current child tax credit…
August 27, 2024
Poverty Isn’t Neglect, and Money Isn’t Always the Answer
“I think about the families separated in Missouri over the years, not because of abuse or neglect, but because they could not afford to pay a bill or new clothes for their kids.” That was House Ways and Means Chairman Jason Smith (R-Mo.) last month, announcing the Protecting America’s Children by Strengthening Families Act. This idea that children are removed…
August 26, 2024
Vouching for Self-Sufficiency
It’s hard to sympathize with the Parkoff Organization, the New York real estate firm that owns some 4,000 apartments across the city. According to a new lawsuit, housing “testers” caught the group discriminating against potential tenants whose rent would have been subsidized by housing vouchers. The Fair Housing Justice Center (FHJC), which brought the suit, claims that Parkoff…