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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…
November 15, 2024
JD Vance is Right: Reduce the Power of Big Foundations to Help Charity
…an extended deduction will or won’t increase giving. Lawmakers, instead, worry about the revenue loss to the IRS that would result. Indeed, the CARES Act incentive, now expired, has been…
November 14, 2024
The Rotting of the College Board
…section of the test.” Divvying up the test into easier and more difficult parts, he found that “Black test takers overperformed on the hard part and underperformed on the easy…
November 13, 2024
How Trump Might Fulfill His Higher-Education Campaign Promises
…to pay for specific education initiatives. In particular, Trump could urge lawmakers to use the endowment tax revenue to expand financial assistance for students who are not pursuing four-year college…
October 25, 2024
How Workforce Education Can Boost Earnings and Fill Jobs
…Pell Grants began to cover the cost. Still, the instinct to level the playing field between traditional higher education and workforce training is a good one, and policymakers ought to…
October 21, 2024
US Tariffs Will Not Bring Back Jobs from China
…response. Worse, the protectionism of the Trump-Pence and Biden-Harris administrations has visibly hurt workers and consumers. Part of the reason policymakers have taken such a wrong turn is that the…
October 11, 2024
It’s time to face up to our social poverty problem
…less than we used to, and we provide each other less social support. Rather than owning up to our glaring social poverty problem, policymakers have focused instead on relieving economic…