With $1.5 trillion in outstanding student debt, more than 8 million borrowers in default, and millions more delinquent on their repayments, the student loan system today is holding Americans back from economic opportunity and stability. Faced with such troubling trends, Department of Education Secretary Betsy DeVos should be focused on relieving these burdens for borrowers.
Beyond the Budget: How the Tax Cuts and Jobs Act Increases Inequality and Exacerbates Our High-Profit, Low-Wage Economy
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
Report Calls for Creation of Federal Enforcement Agency to Fight Corruption, Revamp of Post-Watergate Era System
FOR IMMEDIATE RELEASE: May 2, 2018 CONTACT: Alexander Tucciarone, firstname.lastname@example.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
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
Stock buybacks are having their day in the news—and state policymakers have the ability to end the dominance of this “shareholder first” behavior. Businesses have seen a massive tax cut as a result of the GOP tax law, but the jobs promised with the Tax Cuts and Job Act have yet to materialize. Instead, companies
Presentation to the Congressional Antitrust Caucus, Panel Remarks February 16, 2018 Today, economists and average Americans are confused by the same puzzle: We see historically high corporate profits and low corporate investment. In a productive economy, high profits and low investment aren’t supposed to occur simultaneously. So how do we explain what is going on?
On Tuesday night, President Trump spent a good portion of his first State of the Union address boasting about the economy. He talked about the stock market, which is on an unprecedented nine-year run; he talked about low unemployment, which sits near a historic low; and he talked about wages, which are starting to rise
State of the Union, Roosevelt’s Take: Bold Actions Taken by the Fed Have Advanced the Economy, Not President Trump
Donald Trump misses no opportunity to boast about the strength of the U.S. economy in his first year in office. And it’s true: There has been some good news recently. Business investment spending is rising again, after years of stagnation. Unemployment is down, and the share of the population with jobs has gone up—which shows
During last night’s State of the Union address, President Trump heralded a set of economic indicators—including the unemployment rate—to suggest that his policies are resulting in an improving economic landscape for working Americans. Unfortunately, the narrative Trump wove obscures the reality of our current economy for most Americans: jobs remain unstable and unavailable for many,
There is much to be concerned about in America today: a growing political and economic divide, slowing growth, decreasing life expectancy, an epidemic of diseases of despair. The unhappiness that is apparent has taken an ugly turn, with an increase in protectionism and nativism. Trump’s diagnosis, which blames outsiders, is wrong, as are the prescriptions