Press / Economy

Press

By / 4.13.2018

Low unemployment rates mask soft spots in the job market, especially among rural Americans and minorities. For the last several months, Republicans have been resting on the laurels of positive job growth and low unemployment—proof, they say, of the Trump economy’s strength. In March, the nation’s official jobless rate stood at 4.1 percent, the lowest […]

The next generation lost a champion today with the passing of Peter G. “Pete” Peterson. While many leaders proselytize against debt and deficits when it’s politically convenient, Pete was one of the few whose concern for our nation’s fiscal future was truly sincere. For decades, he consistently advocated for using a responsible combination of spending […]

By / 3.8.2018

On March 1, after weeks of “absolute chaos” within his administration, Trump held a hastily arranged “listening session” with metals executives. Trump announced — to the surprise of his staff — that he’d be imposing import tariffs of 25 percent on steel and 10 percent on aluminum, and that these tariffs would last “a long period of time.” Trump […]

By / 2.26.2018

A recent White House press release boasted that as many as one million Americans have gotten what it called ‘Trump Bonuses” and “Trump Pay Raises” from their employers the purported result of lower corporate tax rates in the tax cut legislation rushed through Congress in December. In reality, however, shareholders, not U.S. workers, are likely […]

By / 2.20.2018

Responses to President Trump’s imposition of tariffs on Chinese solar panels fall into two general camps. One holds that Chinese solar manufacturing subsidies are so egregious as to require U.S. tariffs to deter additional subsidies by Beijing. Others believe the action is really just free-trade political posturing by Trump, and in practice, amounts only to a […]

By / 2.8.2018

The Republican Party, led by self-proclaimed “King of Debt” Donald Trump, is embracing fiscal profligacy on an epic scale. First, the Trump Republicans broke their promise of “revenue-neutral tax reform” and instead rammed through a bill that will grow deficits by at least $1.5 trillion last December. Now they’ve struck a deal with Senate Democrats […]

By / 1.12.2018

Washington Democrats employ legions of political consultants, entrail readers and data-crunchers to help them figure out how to sway voters. They could save a lot of money by listening instead to Democrats who win elections in red and purple states. That’s the idea behind a trenchant new report that should be required reading for national […]

By / 12.19.2017

It’s been a surreal political year, but PPI has much to celebrate this holiday season. Throughout 2017, we expanded our productive capacity and the scope of our political and media outreach significantly. For example, PPI organized 150 meetings with prominent elected officials; visited 10 state capitals and 10 foreign capitals, published an influential book and […]

By / 12.1.2017

In 2016, the 50 richest universities in America owned $331 billion in endowment wealth, a figure roughly three times the size of California’s entire state budget last year — and ten times the estimated net worth of President Donald Trump. Seventy-five percent of that wealth was held by less by four percent of schools, including such elite institutions as Harvard […]

By / 11.30.2017

As President Trump and Republicans go full throttle to ram a partisan tax bill through Congress this week, let’s step back and ask a basic question: What does the U.S. economy need most today? The answer isn’t tax cuts – it’s public investment in modern infrastructure. Having wasted most of 2017 trying to kill ObamaCare, […]