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That ’70s Show, Starring Ted Cruz (New Republic)
Despite conservatives’ tendency to compare Barack Obama to Jimmy Carter, today’s economic challenges are the opposite of those the U.S. faced in the 1970s, writes Roosevelt Institute Fellow Mike Konczal.
When Tax Refunds Aren’t Just a Bonus, But a Lifeline (ThinkProgress)
Twenty-eight million low-income families depend on the Earned Income Tax Credit to make ends meet, writes Bryce Covert, but not all poor parents qualify for it, and tax preparers’ fees can hurt those who do.
In Many Cities, Rent Is Rising Out of Reach of Middle Class (NYT)
A new analysis finds 90 U.S. cities where the median rent excluding utilities is more than 30 percent of the median gross income, writes Shaila Dewan, and it’s putting the squeeze on renters and the recovery.
The Sad, Slow Death of America’s Retail Workforce (The Atlantic)
The retail sector’s sales and jobs numbers are up, writes Derek Thompson, but as business becomes more efficient and moves online, the workforce is increasingly concentrated in low-paying superstore jobs.
3 big things to look for in Yellen’s first monetary policy speech (WaPo)
Federal Reserve Chair Janet Yellen is likely to discuss labor market strength, inflation expectations, and the need for financial regulation in today’s address to the Economic Club of New York, reports Ylan Q. Mui.
New on Next New Deal
Taylor Jo Isenberg, the Roosevelt Institute’s Vice President of Networks, introduces the Campus Network’s 2014 10 Ideas journals, collecting top student policy proposals on economic development, health care, education, equal justice, energy and the environment, and defense and diplomacy.
Roosevelt Institute Fellow and Director of Research Susan Holmberg explains why we must close the CEO performance pay tax loophole in order to curb the rise of income inequality in the U.S.