This week, Sen. Elizabeth Warren (D-MA) unveiled new legislation aimed at turning American’s largest companies into better corporate citizens. Under Warren’s “Accountable Capitalism Act,” companies earning more than $1 billion a year in revenues would be required to obtain a new federal corporate charter her legislation would create. Among other things, this charter would mandate […]
Summary: Based on new “digital economy” data from a recent BEA working paper, we calculate that the labor share of the digital sector has risen since 2007, while gross margin of the digital sector has fallen over the same period. This result is consistent with strong competition in the digital product and labor markets (see […]
When the non-partisan Congressional Budget Office published its Long-term Budget Outlook in June, it estimated that the national debt relative to the size of the economy would nearly double over the next 30 years – from 78 percent of gross domestic product today to 152 percent of GDP in 2048. Yesterday, a new report from CBO […]
On July 17, 2018, the European Union and Japan formally signed a landmark agreement on trade. This watershed agreement underscores the strong desire of the EU and Japan to benefit their citizens and economies by aggressively pursuing open, rules-based trade. When ratified by their respective legislatures, the Economic Partnership Agreement (EPA) signed in Tokyo by […]
Op-eds and Articles
Last week, the Centers for Medicare and Medicaid Services (CMS) announced that it had approved a reinsurance proposal in Wisconsin and Maine in an effort to keep health premiums down. Reinsurance is essentially insurance for insurers: The government helps pay for the cost of exceptionally high-cost claims. It’s no wonder states have been working on […]
America’s challenge is to create a high-quality, low-cost health system for all. Innovation is the key. PPI’s Health Innovation Project highlights new ideas for creating a distinctively American approach to universal coverage and high-quality health care – one that is decentralized, powered by the ingenuity of our inventors, entrepreneurs and workers, and disciplined by both market competition and strong public oversight.
The PPI Center for Funding America’s Future works to promote a fiscally responsible public investment agenda that fosters robust and inclusive economic growth. We tackle issues of public finance in the United States and offer innovative proposals to strengthen the foundation of our economy and build shared prosperity.
Technological innovation is the main force driving job creation, productivity growth, and living standards. Progressives should aim to stimulate public and private investment in new enterprises and diffuse innovation across the entire economy.
With Washington stalemated by partisanship and polarization, the most important governing innovations today are happening in America’s metro regions. PPI advocates for a new “progressive federalism” that decentralizes political power and resources to metro leaders.
An open global economy boosts U.S. growth, supports good jobs, and enhances the buying power of American consumers. PPI advances policies that help American producers and workers to tap into global commerce, while assuring that trade’s substantial benefits are more broadly shared.
America needs a 21st century model of public education geared to the knowledge economy. Charter schools are showing the way, because they provide autonomy for schools, accountability for results, and parental choice among schools tailored to the diverse learning styles of children.
America’s civil justice system is a “public good” that should produce predictable, accurate and just results. The PPI Center for Civil Justice seeks to defend the integrity of our legal system from litigation abuse and efforts to bypass legislatures to make policy in the courts.
Regulatory accumulation – the relentless layering of new rules atop old ones over decades – can smother economic innovation and investment. Continuously improving the regulatory environment for entrepreneurship and growth is integral to progressive efforts to make government work better.
PPI’s Domestic and Social Policy Project seeks to develop a new framework aimed at helping ordinary Americans get ahead in a rapidly changing digital economy.
America must innovate its way to clean growth. Rejecting both climate denial and fantasies of 100 percent renewable power, we need a realistic transition to a low-carbon economy that taps next generation nuclear technology and carbon capture techniques as well as wind, solar and water power.