Economic insecurity belies President Trump's triumphalism on the economy. Via Washington Monthly
The idea of "guaranteed jobs" suffers from a variety of fatal defects, including its size, timing and relevance and any number of practical obstacles that make it administratively unworkable as well as politically untenable.
Low unemployment rates mask soft spots in the job market, especially among rural Americans and minorities. Via Washington Monthly,
U.S. companies are on track to see dramatic reductions in their tax rates, thanks to the $1.5 trillion tax cut package passed by the GOP-led Congress and signed by President Donald Trump in late 2017. Unfortunately, it’s far more likely that shareholders, not U.S. workers, will reap the biggest benefits from the Trump tax cuts, … Continue reading Tax Cuts for the Companies That Deserve It
Expanding Social Security isn't enough to ensure middle-class retirement security.
Worsening corporate myopia is a threat to long-term growth, say Brookings Institution scholars William Galston and Elaine Kamarck. In 2014, companies in the S&P 500 spent $914 billion on share buybacks and dividends - or about 95 percent of their earnings, according to BloombergBusiness. At the same time, companies’ capital investments - in equipment, facilities and … Continue reading Battling Corporate Short-Termism
Booming U.S. potato exports are an example of how free trade agreements can open markets for U.S. products - and fuel cultural trends abroad.