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January 11, 2024

Tax Credit Nation — Politicians Are Casting New Spending As ‘Tax Cuts,’ Hiding Their True Cost

…played an important role in recent American social policy, including by offering incentives for work over welfare. But just because new and expanded credits may be falsely marketed as “tax cuts”…

January 10, 2024

Even Congress’s “Tax Extenders” Are About More Benefits

marketing. Perhaps it was inevitable that proposals to revive the 2021 CTC expansion would someday find their way into a tax extenders package. But that should only heighten concerns that…

January 9, 2024

Post-Pandemic Recovery for America’s Prime Age Labor Force: A Tale of Two Sexes

market performance measures. Many more prime age Americans were in the labor force and paid jobs in 2023 than in 2019, the last pre-pandemic year (2.4 million and 3.1 million…

January 4, 2024

To Fix Their Housing Shortage in 2024, Cities and States Should Turn To Market

States and cities considering housing supply reforms in the new year to combat worsening affordability should unleash the free market rather than rely on the Department for Housing and Urban…

January 2, 2024

Billionaire-Built Cities Would Be Better Than Nothing

…the high-water mark of racial segregation, a private developer named James Rouse planned an integrated city in nearby Columbia, Md. Columbia is not perfect, but it remains racially diverse, and according to data…

December 31, 2023

Forget Eric Adams’ Flawed Housing Plan — Let’s Make ALL NYC Neighborhoods “High-Opportunity”

…even worse than many of its predecessors. The so-called Mixed-Income Market Initiative will be more directly costly than tax breaks the city has used to subsidized construction of income-restricted “affordable…

December 21, 2023

Our Policies to Address Homelessness Are Failing

…For example, the low-income-housing tax credit does little to increase the supply of housing and ultimately pads the pockets of developers rather than reduce market rents. Housing-choice vouchers unfairly provide…

December 19, 2023

Sins of Omission: Public Broadcasting Fails to Reach a Broad Cross-Section of America

…are predicated on the idea of some “market failure” — a desirable good or service is not being provided privately. A good case can be made, in fact, that, notwithstanding…

December 18, 2023

No Excuses Now for NYCHA

…billions since, unlike NYCHA, it can borrow through the bond market. The Trust can also draw on so-called “federal housing super-vouchers” as an enhanced revenue stream, which will make a…

December 18, 2023

The State of Democratic Capitalism: 2023

…United States. In the case of protectionism and industrial policy, it marks a willingness by leaders of both political parties to intervene in the market in order to advance political…