Report
Economy Strong as 2023 Ended
The strong economy calls into question claims that the demand stimulus from the American Rescue Plan Act was the major source of inflation.
We examine how changes in the economy affect federal and state budgets, and how federal and state budget and tax proposals would affect economic growth. We also examine trends in employment and promote reforms to strengthen the unemployment insurance system, provide more adequate federal and state minimum wages, and create policies that would lead to full employment.