The Economic Policy Institute reported that economic consequences of being denied an abortion included a higher chance of living in poverty, a lower likelihood of full time employment and an increase in unpaid debt and financial distress.
The Hill
October 21, 2022
The CTC originated from the Taxpayer Relief Act of 1997. It started at $400 per qualifying child and was a nonrefundable tax credit. Nonrefundable tax credits reduce the taxpayer(s)’ tax liability and aren’t issued as a tax refund. The Economic Policy Institute stated that the purpose of Congress creating the CTC was to minimize the tax burden of families having more children. It gained momentum and was widely supported by both Democrats and Republicans, which led to an increase of $1,000 per qualifying child of age 16 and under in 2001 initiated by the Bush administration’s tax policy.
Bloomberg Tax
October 21, 2022
According to the Economic Policy Institute, the average child care worker in the U.S. makes about $13.51 an hour. That’s roughly $30,000 a year, which is less than half of what the average U.S. worker makes at almost $28 an hour.
The Economic Policy Institute says that raising the minimum wage to at least $21 per hour would help retain the workforce and give workers the financial security they need.
News Nation Now
October 21, 2022
The Virginia Mercury previously cited a 2019 analysis by the Economic Policy Institute that ranked Virginia last in the country in terms of the “teacher wage penalty,” referring to the gap in weekly salaries between teachers and other college-educated professionals. Business.org this year ranked Virginia 49th (behind Arizona and Washington, D.C.) when comparing the average salary of teachers to the average salary for all jobs in the state.
Virginia Mercury
October 21, 2022
“We have the lowest unemployment rate in the country for African Americans,” said Kemp, which is true based on what has been reported by the Economic Policy Institute, but its map also shows many states that did not report Black unemployment figures. “We’re also in the top ten of the states for Black entrepreneurship in the state of Georgia…we will continue to work with all of those entrepreneurs in the days ahead and working class Georgians.”
BET
October 21, 2022
If they pull a similar move in 2023, it could be similar to 2011, when the GOP manufactured a debt ceiling crisis that ultimately “led directly to the worst recovery following a recession since World War II,” according to the Economic Policy Institute.
Truthout
October 21, 2022
“Over the past two decades, there has not been a single minimum wage ballot initiative that has failed, when eventually put to a vote,” Ben Zipperer, Economic Policy Institute economist, said in an email.
Bloomberg
October 21, 2022
“In terms of things that would lower prices on store shelves, it’s pretty tough to act that quickly,” said Josh Bivens, director of research at the liberal Economic Policy Institute.
Philadelphia Inquirer
October 21, 2022
A third element was a long-overdue ideological shift in the Democratic Party, especially its presidential wing. Before Biden, economic advisers to Democratic presidents were free-traders, counseling that the nature and location of production was the proper business of the market, not the state. With Biden, voices long in the wilderness on industrial targeting, such as the labor movement, the Roosevelt Institute, and the Economic Policy Institute, have had the heady experience of actually influencing and making policy.
American Prospect
October 21, 2022
Bottom line: Employers Could Be Quitting On Workers
There is a truth behind the idea of “quiet quitting,” but the truth is that employers are quitting on workers. The evidence points in the direction of workers feeling increased pressure and working too much instead of too little. The Economic Policy Institute has argued that “quiet fleecing” would be a better term.
Forbes
October 21, 2022