The $1.9 trillion American Rescue Plan Act, which became law in mid-March, left out the mandate to increase the federal minimum wage to $15 per hour, but it did lead to an open policy discussion about current minimum wage standards. In a post for the Baker Institute Blog, public finance fellow Joyce Beebe considers some of the pros and cons of increasing the minimum wage and possible future developments.
Fellow Katharine Neill Harris testified before the U.S. House Judiciary Committee on the failed war on drugs and solutions based on racial justice and harm reduction.
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.
Sanctions against Venezuela have reduced PDVSA and the Maduro regime's revenues, but they have failed to lead to a path toward democracy or avert Venezuela’s economic and humanitarian collapse. The authors offer policy options for the Biden administration's consideration.
Francisco J. Monaldi, José La Rosa ReyesFebruary 23, 2021
This brief reviews the cost and development problems associated with NASA's plan to return to the moon by 2024 and argues that it is crucial for officials at NASA and the White House to review and adjust the current plans in order to ensure a successful lunar landing.
Due to its high launch costs and the availability of other, more cost-effective commercial launch vehicles, the Biden administration should review the need for NASA's Space Launch System during the negotiation of the annual federal budget, writes George W.S. Abbey, senior fellow in space policy.
Energy fellow Rachel A. Meidl writes that it is imperative to consider and assess innovative recycling technologies that could have enormous economic value in transforming waste plastics into the building blocks for new, higher-value products.
As the Budget Control Act nears expiry, it is important to reflect on its effectiveness — does the BCA provide a framework for curtailing unsustainable deficits and moving to a sustainable fiscal policy? Read the authors' analysis at the Baker Institute Blog.
John W. Diamond, Autumn EngebretsonFebruary 4, 2021
The authors' analysis shows consumer responses to changing energy prices are linked to their income levels. The study can help policymakers analyze household welfare when implementing fiscal or energy reforms.
