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February 4, 2025
Snip, Snip: Spending Cuts Are Coming
…circulated a short list of would-be savings totaling over $5 trillion, followed by a 50-page menu offering almost $15 trillion in nominal deficit reduction alongside more than $3 trillion in potential “sweeteners.” If lawmakers…
January 22, 2025
How the Trump Administration Can Hit Its Growth Target
…recognizing that some policy shifts that increase output might adversely affect other areas of social interest (such as the distribution of income) or even national security, policymakers should focus squarely…
January 7, 2025
Tax Policy Should Prioritize Shoring Up the Family
…have kids and rely on a sole breadwinner were thwarted by objections that a child allowance would also promote single-parent families in which no one worked. Policymakers seeking to use…
January 2, 2025
AI Will Have a Major Impact on Labor Markets. Here’s How the US Can Prepare
…the nation’s analytic systems and reports are not geared to produce the forward-looking “headlight” measures decision-makers need to navigate ambiguous, rapidly evolving technological change. Federal statistical data usually tell us…
December 27, 2024
DOGE Can Drive Reforms in America’s Broken Safety Net Programs
…poverty. But reform could be on the horizon, led by the new Department of Government Efficiency (DOGE). DOGE can address these staggering failures by identifying how lawmakers can streamline programs…
December 20, 2024
Fixing Inflation, Right-Sizing the Federal Government
…(GDP)—a level not seen since 1958. When the 119th Congress and the second presidency of Donald Trump begin next month, policymakers will face a much more daunting fiscal crisis. Federal…
December 17, 2024
Industrial Policy and Deficits: Dark Clouds for Democratic Capitalism
…who wants a job can get a job. The unemployment rate remains very low — well under the rate at which most economists and Federal Reserve policymakers believe is sustainable…
December 11, 2024
Some College Graduates Are Taking Lower-Paying Jobs
…Employers will also need to address bias in hiring practices against people without college degrees. Policymakers must focus on creating more non-college pathways for these individuals to develop and prove…
December 5, 2024
Inflation Reduction Act Offers a General Lesson against Industrial Policy
…absolutely raid it for revenue to reduce business taxes without increasing the budget deficit. If that happens, policy-makers should relearn a valuable lesson: Partisan industrial policy faces many obstacles to…
November 19, 2024
A Trump Boom?
…from 2017 to expire, and it could fully eliminate certain itemized deductions, including those for mortgage interest and state and local tax payments. Finally, US lawmakers can pursue more fundamental…