Brief— SCEPA's research finds nearly 1.5 million low-income older workers would benefit from an expansion of the popular Earned Income Tax Credit (EITC) program. The report—released by our Retirement Equity Lab (ReLab)—finds without expanding the EITC, the program actually lowers wages among non-educated workers, especially those over 55.
While tax increment financing (TIF) is a common tool for municipalities to fund economic development (read how it works here), it is responsive to the legal, political, and economic environments of the locality in which it is implemented.
On August 14th, the anniversary of the Social Security Act of 1935, the Joint Economic Committee (JEC) of U.S. Congress released two reports on the weakening of the American retirement system featuring research from SCEPA.
SCEPA's 2019 annual report documents how we bring reality into conventional economics by providing alternatives to mainstream thinking, empowering policymakers with economic insights, and creating lasting change for everyone.