Brendan Duke

Aug 15, 2024 | americanprogressaction.org | Brendan Duke

Former President Donald Trump has been running on a 10 percent tax on every imported good entering the United States and a 60 percent tax on every imported good from China. The Center for American Progress Action Fund has calculated that this would amount to an annual $2,500 tax increase for a family in the middle of the income distribution.

Jul 17, 2024 | americanprogress.org | Brendan Duke

The No Tax on Tips Act provides a deduction for tips from employees’ income taxes, effectively making tips income tax-free. The deduction is “above the line” so tipped workers could still receive it even if they use the standard deduction, like .

Apr 24, 2024 | americanprogressaction.org | Brendan Duke

Center for American Progress Action El arancel de Trump le costaría al hogar estadounidense típico $1,500 dólares cada año Share En su campaña para un segundo mandato, una de las pocas políticas económicas que el expresidente Donald Trump ha ofrecido es un arancel general del 10 por ciento sobre todas las importaciones, en adición a los aranceles existentes. Trump y su campaña llevan hablando de esta política desde agosto de 2023, pintándola como un impuesto a China que devolverá empleos a...

Apr 24, 2024 | americanprogress.org | Brendan Duke |Christian E. Weller

A simple reason for the strong wealth growth is that younger Americans are experiencing an especially low unemployment rate and especially strong wage growth, making it easier for them to accumulate wealth. Real median inflation-adjusted wages for workers ages of 25 to 34 grew 2.9 percent between Q4 2019 and Q4 2024, compared with 2.1 percent for workers of all ages.

Mar 18, 2024 | web.archive.org | Brendan Duke

The reasons for this business creation surge are not completely understood, though evidence suggests that changes to work and lifestyle since the onset of the pandemic may have played a role. But the impacts of public policy—in particular the strong economic recovery and tight labor market resulting from the American Rescue Plan—have also likely contributed. The American Rescue Plan, passed in March 2021, supported families, workers, and businesses during a health and economic crisis.