With the Sword of Damocles dangling overhead, Republicans prevented a massive tax hike and advanced important reforms - but left much more work to be done.
Social Mobility
A core promise of America is the ability of people to rise up from humble beginnings. The challenges faced by lower- and middle-income Americans today are multidisciplinary in nature, and require our renewed focus. Job and wage growth are essential; in particular, Americans need access to more blue-collar work and other jobs that don’t require a college degree. Our employment and welfare policies should encourage work, family formation, and income security. Paid family leave can help strengthen families at their times of need.
All Social Mobility
FREOPP continues to inform discussions about how policy changes affect American families
A pathway forward
Plus: Should Boomers rent out their empty rooms?; will generative AI leave low-income workers behind?; and how to fix a wasteful health care subsidy
If properly designed and contextualized, efforts to encourage marriage can be important tools in reducing poverty.
FREOPP’s emphasis is on truth, freedom, and the aspirations of struggling Americans
The reform boosted investment, but its effect on wages is murkier.
TCJA increased the Child Tax Credit, expanded 529 savings accounts, and lowered the overall tax rate for many working families.