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The report highlights multiple approaches Congress can take to address the college affordability crisis in the United States, including alleviating the cost burden on students, changing the incentives that colleges face, and offering better guidance and information to students. Congress should expand low-cost, high-quality pathways and provide the support students who enroll in college need to complete their degrees.
Post-9/11 veterans are a vital part of the workforce in industries across the economy. Many recent veterans continue serving their country after leaving the armed forces, working for the government at the federal, state, or local level. Nearly 16 percent of post-9/11 veterans work for the federal government where Republicans’ proposed budget cuts could impact wages and jobs.
The report, “The Need to Rebuild Smarter,” cites that the average cost of national disasters have more than tripled since 1980. Furthermore, climate change poses an increasing threat to communities in the United States, with populations at risk to hurricanes growing 22 percent faster than the overall population from 2001-2010.
This month’s highlights include updated preschool and college enrollment data, and updated Medicaid and Children’s Health Insurance Program (CHIP) and Medicare enrollment figures.
Analysis by the Economic Policy Institute shows that, despite averaging profit rates of 8.5 percent since 2007, the business investment rate has been substantially lower than in previous eras. At 2.1 percent, business investment growth since 2007 has been less than half the pace of the post-war era.
Big businesses use forced arbitration to funnel consumers into a secretive process where an arbitrator, often selected by the company, decides the outcome. Over 99 percent of payday loans and 85 percent of private student loans include forced arbitration clauses. Most consumers have no idea these clauses are included in the fine print.
The Council of Economic Advisers (CEA) released a report estimating that cutting the corporate tax rate, as proposed in the Republican tax framework, would increase average household earnings by at least $4,000. The report has been widely criticized, for its methodology and conclusions, by a broad range of economists, academics, and policy experts.
Earlier this month, the Consumer Financial Protection Bureau (CFPB) released its final rule on small-dollar and payday loans establishing much needed borrower safeguards and protections to help families break out of the payday debt cycle. For far too long, the payday loan lenders—who have more branches nationwide than Starbucks—operated with little oversight, depleting consumers’ bank accounts along the way. New consumer protections take commonsense steps to prevent predatory lenders from targeting vulnerable working Americans.
Under the GOP tax plan in 2018 alone, those getting high incomes at the top 1 percent of earners would see an average tax cut of $129,000 and those earning the top 0.1 percent of incomes would get a cut of more than $722,000. Meanwhile, nearly 8 million working households will actually see an average tax hike of $794.