Update 525 — The Decelerated Decennial:Demographic Stasis in Census a Surprise The U.S. Census Bureau released the official state results of the 2020 Census on Monday, after a series of legal changes, budget battles, and deadline extensions. The decennial count showed that the U.S. population grew by 22.7 million, just 7.4 percent in the last …
Update 524 — Tax Plans: Equity AnalysisTax Code as Cause and Cure of Inequities President Biden shook markets yesterday with details of his tax plan he rolled out previously and precisely during the 2020 campaign. Democrats in Congress have a slew of tax proposals on the table as well, many of which are currently under …
Update 523 — Taxes on the Table:Whether, How to Pay for New Plans This week, we will look at tax policy and proposals under discussion from the administration and in Congress. Today, we look at the fiscal side of the equation, how to finance spending going forward. On Friday, we will examine tax equity: what …
Update 522 — Skinny Budget, Heavy Lift?President Outlines FY2022 Spending Plans Last Friday, the Biden administration released its “skinny budget,” the initial framework for its FY2022 discretionary funding request. Although not elaborate, the $1.52 trillion budget gives us the first clear glimpse into President Biden’s priorities. The administration calls for increased spending levels across the …
Update 521 — Senate Process SOP:Real Reforms and Honorable Manchins Over time, policymakers in Washington have used the term “bipartisan” to describe bills. But the true meaning of the word has been clouded by the way Washington uses it and how folks elsewhere still understand it. Which bills it applies to — how it is …
Update 520 — Macro Reconciliation Act:Survey of Labor and Capital Markets 1Q21 Despite strong numbers coming out of the March jobs report, the economy still has 8.4 million fewer employed Americans than it did a year ago. With a new set of infrastructure proposals from the Biden administration on the table, the questions arise: how …
Update 519–916,000 Jobs Added in March;Can Recovery Act to Sustain Gains Pass? The US added 916,000 jobs in March, double the number in February — a robust start to what we hope will be a durable recovery. The nation is still 8.4 million jobs short of pre-pandemic levels. In 1937 most famously, in the midst …
Update 518 — Route to Recovery:Any Bandwidth for Public Banking? Later this afternoon, President Biden will outline his multi-trillion dollar infrastructure investment plan, his framework for the Recovery Act. The centerpiece of the pie is infrastructure investment and modernization, including broadband access, a vital concern for the 24 percent of rural Americans and millions of …
Update 517: Coming Soon, a Project Near YouBiden $3Tr. Infrastructure Plan Out Next Week Upon taking office, President Biden proposed a $1.9 trillion rescue package, and just 46 days after his inauguration, Congress sent him the American Rescue Plan, a $1.9 trillion package. So reports in recent days from the White House that Biden will …
Update 516 — Support for Recovery (Act)?Powell Faces Fiscal, Macro Policy Potpourri Federal Reserve Chair Powell and Treasury Secretary Yellen both appeared before the House Financial Services (HFSC) yesterday and Senate Banking today. The main takeaway from them: the economic recovery needs additional federal support. The ARP will boost the economy and the Fed projects …
