Stock market volatility and a weak jobs report sparked recession fears and demands that the Federal Reserve cut interest rates. AEI Director of Economic Policy Studies Michael R. Strain shows why these fears are unfounded.

The next president and Congress will have a major opportunity to strengthen the United States’ growth trajectory as portions of the Tax Cuts and Jobs Act of 2017 (TCJA) come up for renewal in 2025. As part of AEI’s ongoing efforts to empirically evaluate the TCJA’s effects and propose reforms, Kevin Corinth and Naomi Feldman assess in new research for the Journal of Economic Perspectives the impact of the TCJA’s novel Opportunity Zones.

The TCJA also introduced a 20 percent deduction for qualified business income to maintain rough taxation parity between pass-through businesses and C corporations. In a new AEI Economic Perspectives report, Kyle Pomerleau argues that lawmakers should consider an alternative approach to standardizing business taxation.

The Biden administration’s economic policies, especially on inflation, have eroded working-class support for the Democratic ticket. In a podcast interview with AEI President Robert Doar, elections expert and coauthor of Where Have All the Democrats Gone? Ruy Teixeira explains why Kamala Harris will struggle to win back these voters.

So far, Harris has largely shied away from making her identity as the first black woman candidate central to her campaign. Writing in The Atlantic, Thomas Chatterton Williams explores how the declining power of identity politics is shaping this election.