The authors discuss a U.S. House proposal to repeal the cap on the state and local tax deduction and why that would be a mistake, especially given the pandemic and the policy responses that should be enacted. Baker Institute Blog: https://bit.ly/3e3qHix
Given the uncertainty surrounding the economic effects and the poorly targeted benefits and burdens of a minimum wage, it is unlikely to be the best policy to increase the wages of low-wage workers. Fellow John Diamond explains in the Baker Institute Blog
The situation in Ukraine is the most serious foreign policy challenge ever faced by the Obama administration, writes Rice faculty scholar Richard Stoll.