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Progress Report
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News, events, and must-read analysis from the Progressive Policy Institute.
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** Young Voters Are Consumed by Desperation—and Nihilism. Here's How Biden Can Reach Them
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By Tim Ryan
Senior Advisor to PPI's Campaign for Working Americans
for Newsweek ([link removed])
President Biden is touting the strength of America's post-pandemic economic recovery, and he's right: Wages are up, unemployment is down, and inflation is finally coming under control. But as pollsters perpetually point out, the president is not getting credit in the polls. Working-class voters—particularly young people in middle American communities like those I represented in northeast Ohio—are particularly despondent. The anger isn't new—its roots run to before even the Great Recession. But the $10,000 question is why President's Biden's success hasn't yet won over middle America's minds and hearts?

The problem stems primarily from the way we understand voter attitudes. The old question—"Are you better off than you were four years ago?"—simply doesn't apply anymore. That's because working class voters are more focused on the reality that they're so much worse off than their parents and grandparents were at the same age. Many young people have come to embrace "financial nihilism ([link removed]) ": The prospect of upward mobility is so remote and the chance of achieving the American Dream so far-fetched that the tools previous generations used to lever up their prospects appear nothing less than preposterous. To young people, it feels like it's better to invest in crypto or make parlay bets on FanDuel than try to take advantage of Pell Grants and 401ks that aren't sufficient to their financial challenges.
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New from the Experts

Tressa Pankovits, Co-Director of PPI's Reinventing Americas Schools Project: Lawmakers pick on low-income children of color
⮕ Colorado Politics ([link removed])

Diana Moss, PPI's Vice President and Director of Competition Policy: Antitrust Ideology and the 2023 U.S. Merger Guidelines
⮕ Concurrences Book Release ([link removed])

Ed Gresser, PPI's Vice President and Director for Trade and Global Markets: Statement Applauding the Introduction of Pink Tariffs Study Act to Investigate Gender Bias in U.S. Tariff System
⮕ PPI Statement ([link removed])

Dems’ fracturing nonwhite base, the ‘job creation’ ruse and other commentary, ft. PPI President Will Marshall
⮕ New York Post ([link removed])

To comply with court, federal agency lets White people claim social disadvantage, ft. Richard Kahlenberg, PPI's Director of Housing Policy and the American Identity Project
⮕ The Washington Post ([link removed])
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** Trade Fact of the Week
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By Ed Gresser
PPI's Vice President and Director for Trade and Global Markets
Trade Fact of the Week ([link removed])

Fact: Tariff revenue in FY2023: $80 billion. Reps. Fletcher and Pettersen have some very good questions about who is paying this money.

The Numbers: Tax revenue by source, Fiscal Year 2023* –

Tariff system: $80.3 billion
Fuel tax for trust fund: $42.2 billion
Estate and gift tax: $33.7 billion
Tobacco excise tax: $10.3 billion
Alcohol excise tax: $9.5 billion

* Office of Management and Budget
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Mosaic Moment

Building the Next Digital Workforce Generation

On this episode of Mosaic Moment, Jasmine Stoughton sits down with PPI’s Director of Workforce Development Policy, Taylor Maag, and Senior Software Engineer, Eela Nagaraj, to talk about the importance of building a strong digital workforce and how governments and the tech industry are ensuring the next generation of skilled professionals.

Don't Miss These PPI Reports
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Staff Spotlight: Neel Brown

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Managing Director
Neel Brown is a Managing Director of the The Progressive Policy Institute (PPI) in Washington, DC. Neel engages stakeholders and decision makers to facilitate policy discussions on federal, state, and local issues.

Before joining PPI, Neel was the President of Legis Media, an advocacy communications firm that he founded in 2004. He has extensive experience in advocacy advertising, grassroots organization, and coalition building. He spent over seven years working on Capitol Hill and political campaigns.

Neel lives in Arlington, VA with his wife and daughter and spends his spare time teaching music and performing in a local bluegrass band.
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