Policy & Analysis

49 percent of the income Republicans claim as “small business” already goes to the top 1 percent

The Republican tax plan claims to be helping small businesses with a new loophole that’s actually tailor-made for the rich. The loophole is a new 25 percent top tax rate for pass-through businesses. Pass-through businesses are those that retain no earnings and pay no taxes at the business level. Instead, all profits are...

Read more: 49 percent of the income Republicans claim as “small business” already goes to the top 1 percent

EPI comment to the SEC regarding the fiduciary rule

The Honorable Jay Clayton Chairman U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549

Dear Chairman Clayton,

We appreciate the opportunity to respond to your request for public comments from retail investors and other interested parties on standards of conduct for investment advisers and broker-dealers. The Economic Policy...

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Common tax ‘reform’ questions, answered: Why tax cuts for high-income households and corporations won’t help working families

Should tax cuts be today’s policy priority?

No. Tax cuts provide no durable solution to any genuine economic problem for America’s working families, but do make some genuine problems even worse.

Most Republican plans, including the new “Big 6” framework released at the end of September, prioritize cutting top income tax rates...

Read more: Common tax ‘reform’ questions, answered: Why tax cuts for high-income households and corporations...

Corporations pay between 13 and 19 percent in federal taxes—far less than the 35 percent statutory tax rate

As the GOP push to pass “tax reform” starts to heat up, policymakers will debate whether the corporate tax rate is too high or too low. A standard but misleading talking point for those wishing to give more tax breaks to corporations is that the United States has one of the highest statutory rates in the world at 35 percent. This is...

Read more: Corporations pay between 13 and 19 percent in federal taxes—far less than the 35 percent statutory...

African American and Hispanic unemployment continue to fall but remain higher than white unemployment in nearly every state: The highest African American state unemployment rate (9.7 percent in Louisiana) is almost twice as high as the highest white state

In the second quarter of 2017, African Americans had the highest unemployment rate nationally, at 7.4 percent, followed by Latinos (5.1 percent), whites (3.6 percent), and Asians (3.4 percent).1

This report provides a state-by-state breakdown of unemployment rates by race and ethnicity and racial unemployment rate gaps for the second quarter of...

Read more: African American and Hispanic unemployment continue to fall but remain higher than white...

Exploring the consequences of charter school expansion in U.S. cities

Executive Summary

This report highlights patterns of charter school expansion across several large and mid-size U.S. cities since 2000. In this report, the focus is the loss of enrollments and revenues to charter schools in host districts and the response of districts as seen through patterns of overhead expenditures. I begin by identifying those...

Read more: Exploring the consequences of charter school expansion in U.S. cities

Still falling short on hours and pay: Part-time work becoming new normal

What this report finds: An ongoing structural shift toward more intensive use of part-time employment by many employers is driving the elevated rate of involuntary part-time work. Over six years into an economic recovery, the share of people working part time because they can only get part-time hours remains at recessionary levels. The number...

Read more: Still falling short on hours and pay: Part-time work becoming new normal

Employment continues its sluggish recovery along racial lines in the third quarter of 2016

In September 2016, the national unemployment rate increased to 5.0 percent, a slight uptick from 4.9 percent at the end of the second quarter in June 2016. Over the third quarter, 19 states saw their unemployment rates decline, while 30 states saw unemployment rise. Twenty states and the District of Columbia have unemployment rates below their...

Read more: Employment continues its sluggish recovery along racial lines in the third quarter of 2016

State labor markets continue their slow recoveries

The October State Employment and Regional Employment data, released today by the Bureau of Labor Statistics, show state labor markets have mostly continued their trend towards economic recovery. Over the last quarter, a majority of states have seen job growth, no change in unemployment rates, or only slight employment declines, along with...

Read more: State labor markets continue their slow recoveries

Testimony on the Fair Wage Amendment Act of 2016

EPI Senior Economist Elise Gould delivered the following testimony before the Council of the District of Columbia Subcommittee on Workforce on November 29, 2016.

Thank you for the opportunity to speak on this important issue. I am Elise Gould, Senior Economist at the Economic Policy Institute, a nonprofit, nonpartisan think tank...

Read more: Testimony on the Fair Wage Amendment Act of 2016

The new overtime rule will benefit millions of workers across the country

The Department of Labor’s new overtime rule, which takes effect on December 1, significantly increases the number of people who qualify for time-and-a-half pay for any hours they work beyond 40 in a week. Under the old, outdated rule, workers paid a poverty level salary of $23,660 per year could be considered exempt executives or...

Read more: The new overtime rule will benefit millions of workers across the country

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