Archive for the ‘In the News’ Category

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Is the U.S. Economy Too Dynamic, or Not Dynamic Enough?

/   Neil Irwin, The New York Times

If you’re an economic technocrat staring at a dashboard of official indicators of how the United States is doing, these look like pretty good times. The unemployment rate is low. Gross domestic product is growing. Wages are rising a good bit faster than inflation, which is very modest. These may not be all-out boom times,…

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Investing in Opportunity Act Reintroduced.

/   Staff, Engine

On Thursday, Senators Tim Scott (R-SC) and Cory Booker (D-NJ) and Representatives Pat Tiberi (R-OH) and Ron Kind (D-WI), reintroduced the Investing in Opportunity Act, a bill that would expand access to capital for economically distressed communities. Engine welcomed the bill, noting in a statement that “the biggest challenges faced by startups in emerging communities…

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Bipartisan Group Eyes Tax Overhaul for Anti-Poverty Push

/   Bridget Bowman, Roll Call

A bipartisan group of lawmakers is hoping its anti-poverty legislation will become law this year as part of a broader push for a tax overhaul. “We are teed up for success in this Congress,” Sen. Tim Scott said. “The realistic opportunity for tax reform was not last Congress. It’s this Congress.” The South Carolina Republican teamed up with Democratic…

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Tiberi introduces bill to bring investment to distressed communities

/   Staff, Circleville Herald

Congressmen Pat Tiberi (R-OH) and Ron Kind (D-WI) and Senators Tim Scott (R-SC) and Cory Booker (D-NJ) have introduced the Investing in Opportunity Act. This bipartisan bill will incentivize investment in economically distressed communities in every state. By encouraging the creation of geographically-targeted funds, the bill creates new channels for investment in small businesses, supporting…

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Rep. Pat Tiberi seeks tax reforms to promote inner-city investments

/   Sabrina Eaton, Cleveland.com

Columbus-area GOP Rep. Pat Tiberi wants to use tax reform legislation to steer investment towards urban and rural areas bypassed by past economic recovery. On Thursday, Tiberi and a bipartisan group of Congress members introduced legislation that would defer capital gains tax payments on investments channeled into “opportunity zones” in census tracts with high levels…

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