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ECONOMIC POLICIES, ANALYSIS, AND RESOURCES

The Economic and Trade Policy Domain tracks and reports on policies that deal with budget, taxation, and finance issues. The domain tracks policies emanating from the White House, Congress, the Department of Commerce and the Department of Treasury.

Latest Economic and Trade Policy Posts

Biden’s Economic Executive Orders

Brief #107—Economic Policy
By Rosalind Gottfried
In addition to his $1.9 trillion stimulus plan, now being debated in Congress, President Biden has signed  a number of Executive Orders  affecting the  well-being of struggling Americans.

These included a request that the Department of Education further suspend student loan payments to alleviate the burden on debt carrying graduates.  He also requested the suspension of evictions and foreclosures on 44 million rental units across the country.

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State and Local Jurisdictions Need Federal Aid to Be Viable

Brief #106—Economics
By Rosalind Gottfried
State and local government budgets provide the bread and butter of fiscal life and, because of the pandemic costs, require a federal infusion of aid to accomplish maintenance of essential services.  State and local governments provide major funding for infrastructure, services, and education.  They outspend the federal government on goods and services and account for 15% of the GDP.  They contribute more than 90% of the moneys for education and 80% of transportation spending.  State Medicaid costs have been on the rise, especially in Republican states that did not take advantage of federal extensions of benefits to states. State and local entities employ more people than domestic manufacturing and and  have lost 1.3 million jobs since March, representing the smallest workforce since 2001.  These are budgetary elements which impact the availability of goods and services which contribute to quality of life, such as police, fire, and waste services. 

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Biden’s Plan for an Ailing Country

Brief #104—Economic
By Rosalind Gottfried
President elect Joe Biden’s 1.9 trillion dollar stimulus plan provides a comprehensive assault on what ails America and reinstates some of the controversial elements rejected by Republicans in the $900 billion December plan.  Most notable is a reinstatement of 350 billion dollars to bolster state and local budgets suffering shortfalls largely attributable to the pandemic crisis.  It also includes 400 billion dollars of pandemic aid to vaccinate Americans and open schools.  Biden set a goal to vaccinate 100 million Americans in his first 100 days in office. 

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Explaining the Minimum Wage

Brief #99—Economics
By Rosalind Gottfried
The term minimum wage actually refers to several different things.  There is the federal minimum wage which is the lowest wage that employers can pay their workers unless they are in an exempt category of tipped workers.

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