The company that finally turned its first annual profit in 2023 is supporting OBBBA because of the bill’s elimination of taxes on tips. But that elimination doesn’t appear to apply to Uber drivers in its current form. This endeavor is so gimmicky, even those who support the idea in theory often overlook its limited impact. The Economic Policy Institute’s February piece is a valuable source on the issue.
Previously, on January 1, 21 states increased their minimum wage, impacting some 9.2 million workers. The July 1 wage increase isn’t quite so far-reaching, but it will still impact more than 880,000 workers, according to a recent report from the Economic Policy Institute. Per the report, the wage bump will collectively raise those workers’ earnings by around $397 million.
The wage increases are expected to affect more than 880,000 workers this summer as minimum wage laws take effect in areas including Alaska, Oregon, Washington, D.C. and certain cities in California and Washington state, according to a report by The Economic Policy Institute.
In the DMV region, encompassing D.C., parts of Maryland, Virginia, and West Virginia, more than 500,000 people work directly for the federal government, according to data from the 2023 American Community Survey and 2025 Current Employment Statistics compiled by the Economic Policy Institute this year.
An analysis by Sanders’s office released last month found that, over the next decade, the proportion of uninsured people would increase by 59 percent in the state. The Institute for Policy Studies and the Economic Policy Institute found in a report earlier this month that the bill puts Medicaid benefits at risk for 444,000 people and food benefits at risk for 401,000 people in Pennsylvania.
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.
“Cities want to attract highly educated workers to fuel their economic growth and tax revenues. Higher levels of education tend to lead to higher salaries,” the study stated. “Plus, the more that graduates earn, the more tax dollars they contribute over time, according to the Economic Policy Institute. In turn, educated people want to live somewhere where they will get a good return on their educational investment.”
Child care is one of the biggest budget breakers for many families. Annual costs for infant care range from just shy of $5,000 in Mississippi to more than $22,600 in Washington, D.C., according to the Economic Policy Institute, a nonprofit organization focused on low- and middle-income workers