Tag: public spending
Why Biden’s Investment Boom Is A Big Political Bet
When President Joe Biden visits South Carolina to tout a new solar-energy-manufacturing facility today, he will underscore a striking pattern: Some of the biggest winners from his economic agenda have been Republican-leaning places whose political leaders have consistently opposed his initiatives.
Centered on a trio of bills Biden signed in his first two years, the president’s economic program has triggered what could become the most concentrated burst of public and private investment since the 1960s. The twin bills Biden signed
The Child Tax Credit Was a Little Too Subtle
Why doesn’t anyone care about the expanded child tax credit? A $100 billion policy—effective, important, elegantly designed, competently managed, and noncontroversial—is gone, at least for now. And nobody, save for a few politicians and wonks, seems to have noticed or to care.
The expanded child tax credit (CTC) provided no-strings-attached cash payments to 39 million families in 2021 and 2022, lifting millions of kids over the poverty line. But
How Venezuela Became One Big Casino
The monkey entered the casino after midnight. It clung to the arm of a short man with a military haircut. The man stood and watched the action at the roulette tables while the monkey, a capuchin with a brush cut like its owner’s, swiveled its head from side to side. A waiter fed the animal a cold french fry. Once, between spins of the wheel, the monkey leaped onto the baize table and then back into its owner’s arms.