The Disastrous Climate Impacts of Trump’s Budget Bill: How To Fight Back
Nothing less than saving the planet is at stake.
Left Hook Economics contributors focus on critical analysis of the Trump administration’s economic policies, explaining threats to our economic future, and advancing alternative policy approaches in terms that are accessible to all.
Nothing less than saving the planet is at stake.
Cryptofinance, including cryptocurrency, is the newest hot item in the world of financial “innovation.”
Instead of competing with native-born workers for jobs, immigrant workers actually tend to complement native-born workers.
While many things taught in introductory economics courses are nonsense, it seems to be true that higher wages will attract more workers.
The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
Here are three views of the bill's horrific distributional consequences.
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
Even the stand-alone No Tax on Tips Act would do far too little to better the lot of low-income workers, even tipped workers.
Republicans want to make it even harder for low-income people to get health care.