Many progressives have rightly criticized the Tax Cuts and Jobs Act (TCJA), also known as the Trump tax law, on the grounds that the TCJA will cost over $1.5 trillion in lost revenue over the next decade, at a time when there is already insufficient revenue being generated to meet our country’s pressing needs. Many others have

Who Are the Shareholders?

The ideology of “shareholder primacy”—the belief that businesses function solely to profit and “maximize value” for shareholders—has had a profound and toxic effect on our economy. Corporate executives used to, in large part, manage companies for the long term, workers had more bargaining power and greater economic security, and the economy was more dynamic. Today,

For a full analysis of why stock buybacks artificially boost share prices and reward shareholders and executives to the real detriment of workers and our economy at large, see Stock Buybacks: Driving a High-Profit, Low-Wage Economy. Monday’s bold speech by Robert Jackson Jr., Commissioner at the Securities and Exchange Commission (SEC), will hopefully mark the

The federal tax code is one of the most powerful tools of economic policymaking, housing critical rules that govern our economy. As such, it is also home to a set of hidden racial rules that, through intention or neglect, provide opportunities to some communities and create barriers for others. The Tax Cuts and Jobs Act,

FOR IMMEDIATE RELEASE: May 2, 2018 CONTACT: Alexander Tucciarone, atucciarone@rooseveltinstitute.org, 516-263-9775   NEW REPORT CALLS FOR CREATION OF FEDERAL ENFORCEMENT AGENCY TO FIGHT CORRUPTION, REVAMP OF POST-WATERGATE ERA SYSTEM Proposed Agency is Centerpiece of Comprehensive Plan to Rebuild Trust in Government     NEW YORK, NY – Today, the Roosevelt Institute and the Great Democracy Initiative released

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Americans today rank corruption of government officials as their top fear—even above fear of North Korea’s use of nuclear weapons. Far from a new phenomenon, public trust in government has polled consistently low for over a decade. Newspapers report daily on elected officials who benefit personally from the policies they pass, regulators who once led

Since the 1970s, America’s antitrust policy regime has been weakening and market power has been on the rise. High market concentration—in which fewer firms exist in a given market—is one troubling symptom and cause of market power. From 1985 to 2017, we saw an increase in the annual number of mergers from 2,308 to 15,361.

The American economy no longer functions to the benefit of American workers. Despite record profits and increased productivity, wages have been stagnant. In fact, despite being 75 percent more productive in 2016 than in 1973, the average worker earned just 12 percent more. An emerging body of research chronicles the extent of labor market monopsony—where

Last week, a bipartisan group of senators voted to roll back regulations put in place in the wake of the 2008 financial crisis. Those regulations rewrote the rules of our banking system that had long prioritized profits over people—a system that for generations exploited and perpetuated racial inequities and ultimately foiled the financial wellbeing of

The dramatic rise in stock buybacks following the passage of the GOP tax plan, also known as the Tax Cut and Jobs Act, has elevated the role stock buybacks play in on our economy. Estimates have shown more than $100 billion in new stock buyback programs have been authorized since the tax law’s passage. Additionally,