Economy

Amid all the tax plans floated out during this campaign, only one remaining candidate, Ted Cruz, has proposed increasing tax on general consumption. In Cruz's plan, the US would impose a 16% subtraction-method value-added tax (VAT), which he calls a "business flat tax." Although Cruz's plan seems...
03/31/2016
Blog
Politicians refer to American exceptionalism as a way of pointing out how special is our country. I recently returned to work following three months of paid leave to take care of a very exceptional newborn boy. Having the opportunity to bond with my child is an exceptional experience in the...
03/25/2016
Blog
The NCAA Men’s Basketball Tournament is a massive revenue-generating event, with implications beyond the $10 many of us wasted by entering our office March Madness pools (thanks a heap, Michigan State). This is not news, but the bright lights of network television and Coca-Cola sponsorships tend to...
03/24/2016
Blog
Last week, I had a post outlining how family poverty works. The upshot is that family poverty is largely driven by the ratio of earners to dependents. Families with lots of earners and few dependents have low poverty. Families with few earners and lots of dependents have high poverty. Another way...
03/24/2016
Blog
What if I told you the single most important solution to economic inequality isn’t an economic policy, it’s tackling racism? For the past 40 years, the right wing has peddled a winning strategy. It sells the economic agenda of the 1% to working- and middle-class white voters through a hidden...
03/12/2016
Blog
The fourth quarter of the Obama presidency has been relatively active when it comes to higher education. Last year alone, the Administration announced a proposal to make two years of community college tuition-free, finalized and released a treasure trove of data on earnings and loan repayment data...
01/12/2016
Blog
As the Republican presidential candidates gather tonight, it’s worth noting where they’re debating. Sheldon and Miriam Adelson, the biggest outside spenders in the 2012 election, own the casino where CNN will host the debate, and have been meeting with several of the candidates to decide who to...
12/15/2015
Blog
This weekend, Kevin Carey, head of New America’s Education Policy Program, penned a piece for the New York Times featuring the story of Liz Kelley, a parochial school teacher whose student loan balance has ballooned to $410,000. As with most Times pieces on higher education, the piece has caused...
12/01/2015
Blog
Saturday night’s Democratic Presidential debate didn’t exactly involve the made-for-TV adventures that have marked the Republican primary and its four (not including the kids’ table!) debates thus far. Even the time slot—Saturday night—of the debate seemed to hint at the relative stability between...
11/16/2015
Blog
As you read this, workers across the country from retail, fast food, home care, and the federal government are launching one of the biggest strikes yet, calling for $15 an hour and collective bargaining rights. Together, they make up the American working class, the backbone of our economy, and...
11/10/2015
Blog
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