The Economic Policy Institute noted that Section 232 tariffs led to $15.7 billion in steel industry investments and 3,200 new jobs before the 2020 downturn.
“Following implementation of Sec. 232 in 2018, U.S. steel output, employment, capital investment, and financial performance all improved,” they stated.
Benzinga (via Yahoo! Finance)
April 7, 2025
The Medicaid cuts as proposed may fund tax breaks for corporations and wealthy households, which the left-leaning Economic Policy Institute recently described as “the clearest legislative priority of the Trump administration and the Republican congressional majority.”
New York Magazine
April 7, 2025
“Attacks on IRS funding are basically a very reliable way to reduce the taxes of the richest households without actually passing a law that cuts tax rates,” said Josh Bivens, chief economist at the left-leaning Economic Policy Institute.
USA Today
April 7, 2025
Medicaid serves about 1 in 5 people in the country, and cuts to the program will disproportionately hurt people of color and children, according to the Economic Policy Institute.
19th News
April 7, 2025
Lower state GDP: The Economic Policy Institute reports total abortion bans have been linked to losses in gross domestic products.
Ledger Enquirer
April 7, 2025
Hersh, who works with the Economic Policy Institute, says some big companies may be able to absorb some costs of tariffs, particularly for components of products, like the Canadian aluminum that goes into cans of Coca-Cola bottled in Georgia.
“This is what happened after the 2018 tariffs on Chinese goods. We saw that Walmart and other big box stores didn’t want to raise prices, and so they absorbed some of these costs rather than passing them on,” he explained.
WSB-TV (Atlanta)
April 7, 2025
Plastics News
April 7, 2025
The Economic Policy Institute (epi.org), using government data from 1949 to 2024, found that real GDP (adjusted for inflation) grew 1.2 percentage points faster during Democratic administrations than Republican ones, 3.8% versus 2.6%. Total job growth averaged 2.5% under Democrats compared to 1% under Republicans, resulting in an average of 2.4 million more jobs per year since 1949. Additionally, incomes of families in the bottom 20% of the income distribution grew 188% faster under Democratic administrations.
Shepherd Express
April 7, 2025
“You can’t expect to have a bargaining relationship with an employer if the question of whether your union is going to be in place from one day to the next is always an open question,” says Jennifer Sherer, deputy director of state research and policy at the Economic Policy Institute and an author of a report on Colorado’s second election law. “But those are the conditions under which unions in so-called ‘right to work’ states have to operate constantly.”
American Prospect
April 7, 2025
The minimum wage is also evolving. While the federal minimum wage remains at $7.25 per hour, there is significant variability across states. The Economic Policy Institute noted that the minimum wage in New York and California increased to $16.50 in 2025 from $16.00 in 2024.
ADP
April 7, 2025