Is the U.S. headed for a recession? History tells us a near-term recession is unlikely — but emergent threats like unregulated crypto exchanges and U.S. debt servicing necessitate further measures to mitigate economic risk, writes public finance fellow Jorge Barro.
In this issue brief, public finance fellow Jorge Barro finds that lower state income taxation is associated with higher net taxpayer migration. Further, Barro explains that since the passage of the 2017 tax reform, taxpayers and earnings potential have both migrated to lower-taxing states at a faster rate.
In this brief, public finance fellow Jorge Barro explains some of the long-term economic impacts of the COVID-19 pandemic and argues that policymakers can prepare for the impending macroeconomic shortfalls by maintaining a commitment to improving education, prioritizing immigration and resolving fiscal imbalances.
While recent headlines announce that President Biden's proposed budget will drive the national debt past WWII levels, fellow Jorge Barro explained in November 2020 that a projected surge will be very different from the 1940s.
Public finance fellow Jorge Barro analyzes Federal Reserve survey data released in September 2020 that shows that U.S. wealth inequality has declined for the first time in 30 years.
By Kirstin R.W. Matthews and Melody T. Tan
Vaccines and vaccine exemptions are increasingly contentious issues in Texas. In this issue brief, the authors dispel five common misconceptions about vaccines that were presented during public hearings at the Texas House of Representatives in 2017.
In this brief, the authors analyze transcripts from public hearrings at the Texas legislature to identify key arguments against school-mandated vaccinations. To ensure public health, policymakers and other stakeholders should be well informed about vaccines, the impact of vaccine-preventable disease, and the risks associated with putting absolute individual rights above public health concerns, they conclude.
The 2017 Tax Cuts and Jobs Acts offers a starting point for compromise to revitalize the corporate income tax, fellows Jorge Barro and Joyce Beebe write in this issue brief.