Scott Bessent’s 3 Percent Deficit Target Would Require Massive Cuts to Anti-Poverty Programs and Middle-Class Tax Increases ArticleJanuary 15, 2025 Scott Bessent’s 3 Percent Deficit Target Would Require Massive Cuts to Anti-Poverty Programs and Middle-Class Tax Increases Basic arithmetic suggests that the fiscal goals of President-elect Donald Trump’s treasury pick would slash health care and food security for working- and middle-class families while renewing tax cuts tilted to the wealthy. Jan 15, 2025 Brendan Duke, Bobby Kogan
Republican Tax Legislators’ Potential Framework for Extending Trump’s Tax Cuts Is a Gimmick That Would Cost More Than Advertised ReportDecember 17, 2024 Republican Tax Legislators’ Potential Framework for Extending Trump’s Tax Cuts Is a Gimmick That Would Cost More Than Advertised Using a current policy baseline to mask the cost of extending Trump’s tax cuts is a gimmick that cannot change the fact that doing so would increase the deficit. Dec 17, 2024 Bobby Kogan, Brendan Duke, Sophie Cohen
Progressive Principles for the 2025 Tax Debate: Having No Deal Is Better Than Having a Bad Deal ReportDecember 9, 2024 Progressive Principles for the 2025 Tax Debate: Having No Deal Is Better Than Having a Bad Deal Facing the $4 trillion expiration of the Trump tax cuts next year, Congress must not greenlight a tax deal that will worsen income inequality and lose revenue. Dec 9, 2024 Brendan Duke, Bobby Kogan, Jessica Vela
Americans’ Wages Are Higher Than They Have Ever Been, and Employment Is Near Its All-Time High ArticleOctober 17, 2024 Americans’ Wages Are Higher Than They Have Ever Been, and Employment Is Near Its All-Time High After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history. Oct 17, 2024 Bobby Kogan, Brendan Duke
The Trump Tax Cuts Led to Record-Low, Not High, Revenues Outside of a Recession ArticleAugust 28, 2024 The Trump Tax Cuts Led to Record-Low, Not High, Revenues Outside of a Recession Federal revenues lag far behind pre-tax cut budget projections. Aug 28, 2024 Bobby Kogan, Brendan Duke, Jessica Vela
Project 2025’s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy ArticleAugust 27, 2024 Project 2025’s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy The far-right extremist playbook would immediately raise taxes for the middle class by thousands of dollars while also pushing for long-term changes that could raise taxes by $5,900. Aug 27, 2024 Brendan Duke
New Student Debt Relief Policies Fix Broken Promises and Benefit Borrowers Most in Need ArticleAugust 7, 2024 New Student Debt Relief Policies Fix Broken Promises and Benefit Borrowers Most in Need The Biden-Harris administration proposed new regulations that would bring the share of student loan borrowers across the country who receive full or partial relief to about 3 in 4, targeting those who are the most likely to struggle repaying their debt. Aug 7, 2024 Sara Partridge, Madison Weiss, Brendan Duke
Sen. Ted Cruz’s No Tax on Tips Act Does Little for Low- and Moderate-Wage Workers But Opens Door to Tax Abuse by Wealthy ArticleJuly 17, 2024 Sen. Ted Cruz’s No Tax on Tips Act Does Little for Low- and Moderate-Wage Workers But Opens Door to Tax Abuse by Wealthy This legislation may sound like pro-worker tax reform, but it’s just more of the 2017 tax law’s empty promises for workers and giveaways for the wealthy. Jul 17, 2024 Brendan Duke
The Inflation Reduction Act Still Reduces the Deficit ArticleJune 27, 2024 The Inflation Reduction Act Still Reduces the Deficit Higher clean energy tax credit costs mean they are working better than expected. Jun 27, 2024 Bobby Kogan, Brendan Duke
Wealth of Younger Americans Is Historically High ArticleApril 24, 2024 Wealth of Younger Americans Is Historically High Due to a historic economic recovery, inflation-adjusted wealth for younger Americans has grown 49 percent since right before the pandemic—a positive trend following decades of stagnation. Apr 24, 2024 Brendan Duke, Christian E. Weller
Our aging and low-income workforce needs a broader tax break In the NewsApril 18, 2024 Our aging and low-income workforce needs a broader tax break In The Hill, Beth Almeida and Brendan Duke write about why the United States needs an expanded earned income tax credit. Apr 18, 2024 The Hill Beth Almeida, Brendan Duke
Entrepreneurship, Startups, and Business Formation Are Booming Across the U.S. ArticleMarch 18, 2024 Entrepreneurship, Startups, and Business Formation Are Booming Across the U.S. Applications for new businesses, the number of startups, and the total number of businesses have skyrocketed across U.S. states and counties since 2021. Mar 18, 2024 Brendan Duke