In the News

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Outdated Tax Code Gives Some Working Spouses a Bad Deal

NPR All Things Considered • April 13, 2014 • Jennifer Ludden

Melissa Kearney discusses the current tax code and its impact on women who return to the workforce on NPR’s All Things Considered. 

When it comes to paying taxes, economists say a lot of secondary wage-earners are getting a raw deal. It's called the marriage penalty. "The system was never designed to penalize working spouses," says Melissa Kearney, director of the Hamilton Project at The Brookings Institution. "It was just designed in a different era."

Idle workers + Low interest rates = Time to rebuild infrastructure

The Boston Globe • April 11, 2014 • Larry Summers

If now is not the moment to rebuild, when is? Advisory Council member Larry Summers asks this question in his new op-ed for The Boston Globe, and proposes investing in U.S. infrastructure as a way to address our major economic objectives.

Tax Expenditures for Asset-Building: Costly, Regressive, and Ineffective

Tax Policy Center • April 9, 2014 • Ben Harris

Hamilton Project policy director Ben Harris discusses tax expenditures in this piece for the Tax Policy Center.

Sentiment and Sensibility in Emerging Markets

Project Syndicate • April 9, 2014 • Laura Tyson

Emerging market economies have experienced hard times in recent months, Advisory Council member Laura Tyson explains reasons why.

Emerging market economies have experienced hard times in recent months. Net capital flows to these economies declined by an estimated $122 billion, or about 9.6% year on year, in 2013, and fell sharply again during the first two months of this year. What is driving the decline, and how long will it continue?

Weekly News Rundown: Students Under Pressure Edition

Skilled Up • April 9, 2014 • Robert McGuire

Under their weekly announcement of trends in the news, Skilled Up discusses The Hamilton Project's "jobs gap" interactive calculator.

You can model your own jobs recovery with a neat tool we were pointed to by The Pew Research Center at The Hamilton Project. When will employment return to pre-recession levels while absorbing new people entering the workforce? It depends how many jobs you enter into the model. It turns out we could close the jobs gap next month with 2,000,000 new jobs. Unfortunately, a more realistic projection is one-tenth that per month, which would close the gap in August, 2018.

Your Diet Coke Won’t Kill You

Bloomberg View • April 8, 2014 • Peter Orszag

In his latest piece for Bloomberg, Advisory Council member Peter Orszag discusses the health concerns of drinking soda.

No, the jobs hole hasn’t been filled

The Seattle Times • April 8, 2014 • John tolton

The Seattle Times cites The Hamilton Project's state-by-state jobs gap chart in their disucssion on the recent employment numbers.

This has been the slowest jobs recovery since the Labor Department started tracking this data in 1939. The March unemployment rate of 6.7 percent would have been considered recession-level in any other period after World War II. The result remains a significant jobs gap — tracked here by the Hamilton Project — that we’re nowhere near on track to close.

Reducing Overpayments in the Earned Income Tax Credit

Center on Budget and Policy Priorities • April 7, 2014 • Robert Greenstein, John Wancheck, and Chuck Marr

In a new report for the Center on Budget and Policy Priorities, Advisory Council member Robert Greenstein discusses the complexities of the Earned Income Tax Credit and suggests facts that policymakers should take into account.

What the world must do to kickstart growth

Financial Times • April 6, 2014 • Larry Summers

The post-crisis panic might be subsiding but medium-term prospects are problematic, says Advisory Council member Larry Summers.

Hiring Rises, but Numbers of Jobless Stays the Same

The New York Times • April 4, 2014 • Nelson D. Schwartz

The New York Times discusses the latest employment numbers and looks at The Hamilton Project’s “jobs gap” chart on estimates for a full recovery.

Experts with the Hamilton Project, a research group that is associated with the Brookings Institution in Washington, estimate that at the current rate it will take until early 2019 for the economy to accommodate new entrants into the work force and get back to where it was before the recession.

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