In a new report, EPI’s Josh Bivens finds that repealing the Affordable Care Act (ACA) would cost the economy nearly 1.2 million jobs in 2019, with jobs lost in every state. The report looks at the effects of cuts to both spending and taxes that would occur under a full repeal. See how repealing the ACA would impact your state.
EPI’s Robert Scott reports that the Unites States’ trade deficit with China has more than quadrupled since China entered the World Trade Organization—rising from $83 billion in 2001 to $367.2 billion in 2015. This rise has led to a total loss of 3.4 million jobs, nearly three-fourths of which were in manufacturing.
EPI is pleased to announce that Heidi Shierholz, the former chief economist to the Labor Department under President Obama, has returned to EPI to run the Perkins Project on Worker Rights and Wages, a policy response team that tracks the Trump administration’s wage and employment actions. Celine McNicholas and Samantha Sanders have also joined EPI. Celine McNicholas is EPI Labor Counsel and a member of the Perkins Project on Worker Rights and Wages. She came to EPI from the National Labor Relations Board. Samantha Sanders is EPI’s Director of Government relations; she came to EPI from the Department of Labor.
TheWashington Post quoted EPI’s Josh Bivens on the chances of conflict between President Trump’s plans to “slash taxes” and the Federal Reserve’s publicly-expressed expectation of raising interest rates multiple times in 2017. “Even in more conventional administrations in the past, there has been a tension between the Fed and the president,” said Bivens. “This is a much less conventional administration, so I think they will be pretty free to express their displeasure.”
"President Trump probably isn’t going to like what the Fed will do next"