In 2021, CEOS at the top 350 companies in the US earned 399 times the pay of an average worker, according to the Economic Policy Institute; in 1989 that ratio was 59-to-1, and in 1965 it was 20-to-1.
Bloomberg
July 7, 2025
“The top 20% would receive an average tax cut of $5,768 ,while those in the bottom 20% would only get $74 on average,” according to a Economic Policy Institute report that argues raising the minimum wage would have a greater impact on workers than the No Tax on Tips provision.
Latin Times
July 7, 2025
Heidi Shierholz, president of the Economic Policy Institute, said Tuesday that the Republican bill “steals from the poor to give massive tax cuts to the wealthy.”
“If the Republicans wanted to add $4 trillion to the national debt, they could have instead written a $12,000 check to each and every adult and child in the United States,” said Shierholz. “However, this grotesque bill would cause the bottom 40% of households to lose income on average. This country deserves better than this dumpster fire of greed, cruelty, and cowardice.”
Common Dreams
July 7, 2025
But there are other measures included in the bill that could impact restaurants. The law expands funding for Immigration and Customs Enforcement, and may result in more deportations of undocumented workers, which the Economic Policy Institute estimates would stymie economic growth.
Restaurant Dive
July 7, 2025
According to the Economic Policy Institute, the more graduates earn, the more tax dollars they contribute over time, leading cities to want to appeal to highly educated workers.
CBS Detroit
July 7, 2025
There are also concerns that the tax break could exacerbate the country’s tipping fatigue. The IRC statement points to a report from the Economic Policy Institute, a left-leaning think tank, that says the proposal could incentivize employers to lean even more heavily on tips.
USA Today
July 7, 2025
As a study by the Economic Policy Institute documented, the steady erosion in private sector unionism is the direct result of “corporate practices and legal strategies that have undercut the ability of workers to organize and bargain.”
In These Times
July 7, 2025
“We’ve already seen aggressive, indiscriminate immigration enforcement across the country – and protests in reaction to how horribly it’s been carried out,” said Daniel Costa, director of immigration law and policy research at the liberal Economic Policy Institute. “And we’re going to see such a massive increase that most people can’t even begin to wrap their heads around it.”
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An analysis published on Tuesday by his colleague at EPI, economist Ben Zipperer, estimates mass deportations would result in the loss of nearly 6m jobs over the next four years, both for immigrants and US-born workers.
“There is no upside to the mass deportations enabled by the Republican budget bill,” Zipperer wrote. “They will cause immense harm to workers and families, shrink the economy, and weaken the labor market for everyone.”
The Guardian
July 7, 2025
More than 800,000 workers in Alaska, Oregon, and Washington, D.C. are set to receive higher wages, along with employees in 10 cities and counties across California, Newsweek reports. Taking inflation into account, the upcoming wage increases could boost annual earnings by as much as $925 in some areas.
“These minimum wage increases will put more money in workers’ pockets, helping many of them and their families make ends meet,” Economic Policy Institute state economic analyst Sebastian Martinez Hickey said.
Black Enterprise
July 7, 2025
The average annual cost of infant care in the state is $11,720, 57% more per year than the annual in-state tuition for a four-year public college ($7,453), according to the Economic Policy Institute on North Carolina child care costs.
WXII-TV
July 7, 2025