President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
Oxfam’s efforts to find solutions to the world’s inequalities are welcome but its wrongful use of “human economy” and repackaging it as a concept from high up might do more harm than good.
Trump should drop his plans to cut taxes and instead look to some of our closest friends to learn what policies actually work to build and sustain a vibrant middle class.
The collapse of New Deal-era policies gave rise to deep-seated frustrations. Addressing that anger will require mobilizing workers, business leaders and others to get wages rising again.
Four of our economic scholars weigh in on Trump’s legislative agenda, healing the divide, uncertainty and something known as the ‘presidential puzzle.’
Some economists have touted the rising middle class as a panacea for Africa’s challenges. But a more realistic diagnosis of what makes up a middle class is needed.
Falling homeownership rates, stagnant wages and diminishing retirement savings mean that for more and more Americans, the middle-class dream is slowly dying – if it’s not already gone.