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EconomicPolicyInstitute

Lowering taxes on the rich is the wrong way to go

In a new report, EPI’s Josh Bivens and Hunter Blair identify three key fiscal challenges facing the nation—locking in full employment, paying for health care, and stopping the rise of inequality—that can be addressed with progressive tax increases. Progressive tax increases provide less drag on economic recovery than spending cuts or other tax increases, while providing the revenue needed to finance current and future commitments to social insurance and other measures to promote more-equal growth.

OVERTIME

Updated overtime rule will help workers in every state

The updated overtime rule, which takes effect on December 1, will help 12.5 million workers across the country. A new Economic Snapshot shows how many workers in each state will benefit from the updated rule, which is under attack from corporate interests and congressional conservatives.

Repealing the overtime rule would lower salaries of working class Americans

EPI’s Ross Eisenbrey responded to a Congressional Budget Office (CBO) report on the overtime rule, noting that the CBO found that repealing the rule change would increase inequality, and lower the incomes and extend the hours of almost a million workers. Eisenbrey also wrote about how, because it inflates the compliance costs of the updated rule, the CBO exaggerates the extent to which repealing the rule would increase employer profits.

HEALTH

Addressing the impacts of lead

On Friday, EPI’s Elise Gould presented research at the Federal Reserve Bank of Cleveland’s forum on addressing the impacts of lead poisoning. Gould discussed documenting the costs associated with lead poisoning and examined the successful strategies and policy approaches that focus on primary prevention.

IN THE NEWS
Reuters
Marketplace talked to EPI’s Lawrence Mishel about why Hillary Clinton and the Democratic Party were defeated in the 2016 election. “There needs to be a populist progressive policy agenda,” said Mishel, “and that’s the agenda of labor.” | "Election shows weakened labor support for the Democratic Party" »
Reuters
The Associated Press quoted Josh Bivens on Donald Trump’s plan to finance construction projects through tax credits. "You run the risk of using the money to provide a windfall to people who would have been building anyway," Bivens said. | "Trump’s path to boosting infrastructure is full of potholes" »
Reuters
EPI's Robert Scott appeared on NPR's On Point to talk about Donald Trump, the economy, and the president elect’s promise to increase jobs in manufacturing. | "President Trump And The Economy" »
Reuters
In a story about the rise of electronics manufacturing in China, the Wall Street Journal cited EPI research, noting that the United States has lost more than 5.4 million manufacturing jobs and 82,000 factories between 1997 and 2013. | "A Snag in Donald Trump’s Pledge to Make America Make Again: Asia" »
Reuters
ATTN interviewed EPI’s Daniel Costa about Donald Trump’s plan to deport illegal immigrant workers. "Unauthorized workers are also disproportionally employed in certain industries, like agriculture, hospitality, and construction. So removing them would have a significant impact on the U.S. economy and especially those industries." | "Here’s What We Know About Donald Trump’s Immigration Plan" »
From the EPI Blog
Pedro da Costa
What’s luck got to do with it? When it comes to money, quite a bit
Josh Bivens
Why is the economy so weak? Trade gets headlines, but it’s more about past Fed rate hikes and the TCJA’s waste
Valerie Wilson and Jhacova Williams
Racial and ethnic income gaps persist amid uneven growth in household incomes
Julia Wolfe and Hunter Blair
Government programs kept tens of millions out of poverty in 2018
Elise Gould and Julia Wolfe
Slowdown in household income growth continues in 2018
Melat Kassa and Zane Mokhiber
By the Numbers: Income and Poverty, 2018
Valerie Wilson and Elise Gould
What to watch for in the 2018 Census data on earnings, incomes, and poverty
Elise Gould
What to Watch on Jobs Day: Wage growth is key to a sustainable recovery
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