EPI in the news

• Temple Sinai Rabbi Among Leaders of DC Interfaith Rally for Tax Justice

  She will join a local pastor and a local imam, as well as economic justice leaders from the DC Fiscal Policy Institute, the Economic Security Project and Economic Policy Institute who want to prioritize working families and communities over corporations and the “ultra-wealthy.”

  Washington Jewish Week | April 10, 2025
• Some Md. businesses say tariffs cause ‘confusion’

  Economists from the Economic Policy Institute, a liberal leaning Washington-based think tank, say tariffs can protect domestic production in specific economic sectors. But high, broad-based tariffs won’t fix the U.S. trade deficit or rebuild employment in manufacturing because exports will be reduced along with imports, economists Adam S. Hersh and Josh Bivens said in a report on the group’s website.

  Baltimore Sun | April 10, 2025
• Demand for Texas child care subsidies is skyrocketing, often leaving families waiting months for help

  Costs have risen so much that Texans are now paying more for child care than college, according to the Economic Policy Institute. On average, Texans spend about $2,000 more per year for infant child care than in-state college tuition and $1,300 more to send a 4-year-old to preschool.

  Houston Chronicle | April 10, 2025
• The Big Sin And The Big Lie: The Reason Behind The Retirement Crisis

  This is when the burden of retirement shifted to you. And then came the Revenue Act of 1978. It created the “employer-sponsored” retirement plan (section 401k). Companies offering this benefit deducted part of each paycheck (specified by the employee) and provided options for self-directed investments.

  These contributions were made with pretax dollars, meaning the money went into your retirement account before getting taxed. An added incentive was companies could match a portion of your contributions, but few did.

  This all sounded fine and dandy. But almost no one knew what this really meant for retirement.

  In 2013, the Economic Policy Institute declared the 401(k) a “poor substitute” for the previous system, and the Wall Street Journal deemed the 401(k) “oversold.”

  Forbes | April 10, 2025
• UAW’s Shawn Fain On Trump’s Tariff-pocalypse (TRANSCRIPT)

  And that’s, you know, when you talk about auto in particular, I mean all those manufacturing jobs, every, for every the Economic Policy Institute did a study years ago. You know, for every 100 autumn automotive jobs, there are 700 secondary jobs born out of that. And so when those 100 auto jobs disappear, 700 other jobs disappear. 

  The Lever | April 10, 2025
• Trump Tax Scam 2.0 Decried as ‘Permission Slip’ for Corporate Price-Gougers to Continue ‘Ripping Off’ Americans

  The authors of the report also point to 2024 analysis from the liberal think tank Economic Policy Institute, which found that rising corporate profits explained over 40% of the rise in prices between the end of 2019 and mid-2022, when corporate profits generally account for about 11-12% of prices

  Common Dreams | April 10, 2025
• What consumers need to know about tariffs imposed by the Trump Administration

  Josh Bivens, chief economist at the Economic Policy Institute (EPI), emphasizes that American families will ultimately bear the cost.

  “It seems unambiguous it’ll raise the price of food at grocery stores,” Bivens said. “Even if they did not do it mechanically, and they will just because we import a lot of produce in this country, there’s also going to be a lot of retaliation from trading partners and that’s going to help push up prices as well.”

  Gray TV | April 10, 2025

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