RELEASE: Wealth Inequality Among Asian Americans Greater Than Among Whites, Finds New CAP Report Based on Analysis of Exclusive Data

Washington, D.C. — Higher incomes among Asian American and Pacific Islanders compared to other communities of color have occasionally lead to the view of Asian Americans as economically more advantaged than other groups, a notion that ignores the high degree of economic inequality of Asian Americans reflected in the data on wealth. This is among the...

RELEASE: CAP Spearheads Series on Risk Sharing in Higher Education, Calls for Carrot-and-Stick Approach to Ensure That Schools Have Skin in the Game

Washington, D.C. — With concerns about student debt struggles on the rise, the federal government, taxpayers, and students need a new system that better holds institutions of higher learning accountable for loan failures while also rewarding those institutions that succeed with vulnerable borrowers, says a new report from the Center for American Progress. The report,...

RELEASE: America’s Outdoor Recreation Economy Faces an Uncertain Future in Trump Administration

Washington, D.C. — On the heels of President-elect Donald Trump’s announcement that he will nominate Rep. Ryan Zinke (R-MT) to be the next secretary of the interior, the Center for American Progress released an issue brief highlighting the immense economic output from outdoor recreation on America’s public lands. The brief provides recommendations for growing the outdoor...

RELEASE: CAP Outlines Path to Progressive Carbon Tax

Washington, D.C. — Today, the Center for American Progress released a new report outlining how policymakers could craft a carbon tax that decarbonizes the economy, protects low- and middle-income energy consumers, and ensures continued economic growth. The plan would start with a tax of $30 per ton of carbon dioxide equivalent in 2020, increasing each year...

STATEMENT: CAP’s Carmel Martin on Appointment of Catherine Lhamon and Debo Adegbile to U.S. Commission on Civil Rights

Washington, D.C. — Today, the White House announced that President Barack Obama is appointing Catherine Lhamon and Debo Adegbile as commissioners for six-year terms on the U.S. Commission on Civil Rights. Carmel Martin, Executive Vice President for Policy at the Center for American Progress, issued the following statement in response to the news: CAP applauds...

STATEMENT: CAP Economist Michael Madowitz Comments on Fed Decision to Hike Interest Rates

Washington, D.C. — Michael Madowitz, Economist at the Center for American Progress, released the following statement today after the Federal Reserve announced its intent to raise interest rates by 0.25 percent, or 25 basis points. The announcement arrives after the Federal Open Market Committee, or FOMC, met yesterday and today in Washington. Underlying data show little...