In a recent tweet, Tlaib said: “The next aid bill, COVID-19, must provide for direct payments to the people,” Tlaib said in a recent tweet.
Their latest comments came along with a report that revealed a discrepancy in wage growth between the top 1 percent and the bottom 90 percent of earners.
Tlaib shared a message from Democratic Congressman-designate Jamaal Bowman, who will represent New York’s 16th District, with figures from the Economic Policy Institute on this point and said “Stop looting us.
The Congresswoman wrote, “Somebody better get the checks for the stimulus packages ready to be mailed. People need them now.”
Washington Newsday
December 8, 2020
In a recent article co-authored by the campaign and Josh Bivens from the Economic Policy Institute, they write: “If America does not address what’s happening with visionary social and economic policy, the health and well-being of the nation is at stake….What we need is long-term economic policy that establishes justice, promotes the general welfare, rejects decades of austerity and builds strong social programs that lift society from below.”
Poor People's Campaign
December 8, 2020
Without budget aid, state and cities will continue laying workers off, cutting contracts to vendors (including many small businesses), and cutting essential services. Economist Elise Gould of the Economic Policy Institute notes that in November, “public-sector employment continued to decline for the third month in a row.” That’s not only bad for those workers and for public services. It’s bad for the economy, and all of us hoping for an economic recovery.
Forbes
December 8, 2020
A 2018 study by Alexander J.S. Colvin for the Economic Policy Institute estimates that 60 million American workers have signed arbitration contracts with their employers — and that such contracts are more common for low-wage workers.
LA Times
December 8, 2020
The United States has been an outlier on child care long before the coronavirus, Collins said, with price tags far exceeding those in other high-income countries. The average cost of child care for a child under 4 is $9,589 per year, according to New America’s Care Report — more than the average cost of in-state college tuition. It’s much more expensive in big cities: In Washington, D.C., the average cost of care for an infant is more than $24,000.
The Lily
December 8, 2020
Yahoo Finance’s Alexis Christoforous and Sibile Marcellus discuss EPI’s latest report.
Yahoo Finance
December 7, 2020
And that’s just the federal share of taxes. To find the total tax burden on the top 1%, GOBankingRates analyzed 2019 data from the Tax Foundation on federal and state income tax rates for single filers and married couples filing jointly. The average annual income of the top 1% was sourced from the Economic Policy Institute. GOBankingRates then calculated both the effective and marginal tax rates on the top 1% in every state using an in-house calculator. The study also found how much the top 1% spends on sales taxes by looking at information from the Bureau of Labor Statistics and the Missouri Economic Research and Information Center. Property tax was excluded due to the lack of consistent data for home values of the top 1% in every state.
GO Banking Rates
December 7, 2020
If the emergency pandemic programs were to be reinstated, the economy “would be boosted by 3.5 percent, and 5.1 million more jobs would be added in 2021,” said Economic Policy Institute Senior Economist Elise Gould and Director of Research Josh Bivens, in a report released Wednesday.
“If the effective safety net functions provided by these programs were maintained through 2021, millions of workers would be better able to avoid economic catastrophe while out of work due to the pandemic,” they concluded.
NBC News
December 7, 2020
In the coming weeks some 12 million Americans will stop receiving unemployment benefits, the CDC’s nationwide eviction moratorium will expire, student loan borrowers will resume payments on their debts, and other financial relief programs will expire.
“It’s kind of devastating,” said Elise Gould, a senior economist at the Economic Policy Institute, a left-leaning think tank.
“We were already in this terrible situation now the caseloads are rising and the relief is going to end. What that means for the economy moving forward is, I hate to say it, but we could be seeing a double-dip to the recession.”
Friday’s jobs report made it clear to Gould that it is “absolutely necessary to reinstate and extend all the unemployment programs.” That would include Pandemic Unemployment Assistance, which through the CARES Act, enabled gig workers, self-employed workers and independent contractors to qualify for unemployment benefits.
MarketWatch
December 7, 2020
The Economic Policy Institute (EPI) estimated December 2 that 5.1 million more jobs would be created if the government kept open the suite of pandemic unemployment insurance programs in 2021, including the extra $600-per-week benefit.
Yahoo Finance
December 7, 2020