Newsletter: A monthly brief of new insights on important economic, financial and policy issues.
Institutions & Governance
Congressional Republicans find themselves in a health care pickle. While the media storm over the Republican efforts to repeal and replace the Affordable Care Act (ACA) would have you believe that there is widespread support for ACA, attitudes are much more mixed.
Early in his tenure, Treasury Secretary Steven Mnuchin boldly promised that tax reform would not cut taxes for the rich—a promise he has since “walked back.” Recently, Speaker Nancy Pelosi has laced the upcoming debt limit debate with assertions that House Democrats will not support a debt limit increase that permits tax cuts for the rich.
President Trump has announced his intention to pull out of the Paris Climate Agreement
. He had already issued an Executive Order
for the Environmental Protection Agency to review climate and related regulations, including former President Obama’s Clean Power Plan, with respect to their effect on jobs and energy independence.
Trump's budget challenges political orthodoxy and takes spending back toward long-term averages.
State and local revenue growth has slowed relative to the economy and cannot finance new public responsibilities without tax increases.
Business income is more important to lower-income Americans than to the rich.
Health insurance fosters an illusion that health care is free and encourages the expansion of a system that Americans cannot afford.
President Trump’s early weeks in office have Americans asking who they are.
Despite conventional wisdom, winners and losers in the post-2008 housing price recovery were not a bellwether for 2016 election outcomes.
With the U.S. economy waning and frustration running high, both candidates’ economic plans are wide of the mark.
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