Sunday, August 10, 2008

Essay Recommends Making Work Pay

The Urban Institute released a series of essays in July which explore ways in which safety net programs can be improved to provide economic benefits to low income families. In an essay entitled Making Work Pay Enough: A Decent Standard of Living for Working Families, Gregory Acs and Margery Austin Turner conclude public programs, as currently constructed, fail to “make work pay”. They offer three recommendations which they believe will increase the income of these families and create greater opportunities for families to move up society’s economic ladder.

First, they believe making changes to the earned income tax credit (EITC) and the federal child care tax credit will increase the purchasing power of a low-income family. Second, they call for the creation of a refundable tax credit for families who rent or own a home yet receive no federal housing subsidies to help boost their purchasing power for housing. Finally, they call for an expansion of affordable housing in areas where the need is greatest.

Jared Bernstein of the Economic Policy Institute and John C. Weicher of the Hudson Institute offer critiques to this essay.

Questions and Answers with G. Thomas Kingsley of The Urban Institute.

As part of its 40th anniversary celebration, The Urban Institute has interviewed many of its research experts on a variety of relevant urban-related topics. In this interview posted in July Kingsley answers questions about the sub-prime mortgage crisis.

Interesting Reads in Housing and Community Development

The credit crunch one year on
Mission creep at the Fed

The Economist

Frustration and Optimism in New Orleans
3 Years After Katrina, Poll Finds Anger Over Slow Recovery but Hope for Future

By Jon Cohen, Washington Post Staff Writer

As Program Moves Poor to Suburbs, Tensions Follow
By Solomon Moore, New York Times

Foreclosure Crisis Catching Renters Off Guard
By Dina ElBoghdady, Washington Post Staff Writer

Angelo's Many "Friends"
by Dan Golden August 2008 Issue
Conde Nast Portfolio

Housing Collapse Ahead?
Not According to the Data

By Charles W. Calomiris, Stanley D. Longhofer and William Miles
The Washington Post

Sizing Up a Mega-City
The Olympics Will Draw the World's Eyes to China. In Shanghai, There's Almost Too Much to Take In.

By Philip Kennicott
Washington Post Staff Writer

Interesting Reads in Campaign 2008

Is Obama the End of Black Politics?

By Matt Bai, New York Times

Clinton told to portray Obama as foreign
By Mike Allen, The Politico

Obama Leads, Pessimism Reigns Among Key Group
By Michael D. Shear and Jon Cohen
Washington Post Staff Writers

Southern Discomfort: A journey through a troubled region.
By Christopher Dickey, NEWSWEEK

The Race Issue Isn't Going Away
By Juan Williams, The Wall Street Journal
http://online.wsj.com/article/SB121781107977608809.html?mod=opinion_main_commentaries

Obama's Racial Catch-22
For Barack Obama, countering racist attacks means acknowledging that racism is alive and well -- which poses a threat to his hope-based campaign.

By Adam Serwer, The American Prospect

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