Op-eds and Articles

Op-eds and Articles

Biden and BLM must set aside differences, focus on beating Trump

Joe Biden isn’t nearly as visible, but he’s leading President Trump in every key battleground state and even some – including Texas – that no one expected to be up for grabs in 2020. At the same time, the former vice president is taking heat from Black Lives Matter (BLM) and the progressive left, who complain that his stance on…

The GOP’s “Spread Covid” Tax Credit May Be Its Dumbest Pandemic Proposal Yet

As Congress prepares to pass another round of coronavirus relief, Republicans have once again fallen back to their failed cure-all solution: another tax cut. So far they’ve proposed cutting payroll taxes for high-income workers, cutting capital gains taxes for wealthy investors, and providing tax subsidies for business expenditures on meals and entertainment. None of these are particularly…

Congress Should Stabilize The American Economy – Both Now And Later

At the end of next month, several economic support programs created by the CARES Act in March will expire. House Democrats have moved to extend and expand these supports through January 2021 with the $3 trillion HEROES Act. Senate Republicans, however, have used fiscal cost as a pretext to oppose or scale back this and other potential future…

We can contain the spread of COVID-19 — but the federal government must step up before it’s too late

States and localities are proceeding with “opening” their economies despite the fact that most states have not met the re-opening criteria put forward by the White House. In order to head off spikes in cases, states and localities will need aggressive testing, contact tracing, and isolation programs. Testing is only as good as what you do with that…

Looking Back: The Worst Business Cycle Ever For U.S. Manufacturing

The 2007-2019 business cycle is now in the books, and even before the pandemic it was objectively terrible for domestic manufacturing. What do we have to do to dig ourselves out, and can policy help? Economists usually measure business cycles from peak to peak. While the arbiters of business cycles—Business Cycle Dating Committee of the National…

Lawsuits threaten to derail economic recovery

As governors start lifting stay-at-home orders, businesses, schools, non-profits and houses of worship are trying to figure out how to reopen safely. A driving concern for many employers has been the fear of getting slapped with lawsuits if their workers or customers contract COVID-19. It’s a reasonable fear; the pandemic is already inflaming America’s legendary…

How a Startup Tax Credit Can Spur Re-Employment

As federal and state governments outline plans for reopening the economy, lawmakers will have to grapple with the challenge of getting tens of millions of Americans back to work as quickly as possible. More than 47 million Americans have filed for unemployment since the pandemic began, with the unemployment rate at 13.3 percent in May. The economic damage has…

Tackle unemployment, trade, manufacturing and environment: Invest in green infrastructure

More than 42 million workers have filed unemployment claims during the coronavirus pandemic, the jobless rate is over 13% and minorities are bearing a disproportionate share of the economic pain, just as people have taken to the streets to protest racial injustice — but there's a clear path forward for America. We must create millions of new jobs by investing in an…

Reality bites Trump back

Donald Trump is a wretched president but a master illusionist. His greatest skill isn’t solving real-world problems. It is concocting “alternative facts” that allow his supporters to evade unpleasant realities. Now, however, the president is beset by three intractable realities even he can’t disguise or spin: a deadly virus, an inert economy with mass unemployment,…

The HEROES Act fixes what the CARES Act broke

Conservatives call the House Democrats’ Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act a “gigantic political scam.” Senate Republicans say HEROES, passed by the House on May 15th, is “dead on arrival when it reconvenes. As they negotiate with Democrats, Republicans should think carefully about certain student loan relief provisions in the bill. Even in good times, a…