Source: Inequality.org
by Reyanna James

“A recent analysis from the Tax Foundation argues that the US federal income tax system remains solidly progressive. Citing new Internal Revenue Service data for tax year 2023, the group is emphasizing that high-income taxpayers pay the highest average tax rates and account for a large share of total income taxes paid. On its face, that claim sounds reassuring—a sign that our tax code must surely be doing its job. But this framing leaves out a critical part of the story. Yes, the wealthy pay more in taxes than everyone else. The real question: whether they’re paying enough, their fair share relative to their rapidly growing share of our nation’s income and wealth. By that measure, the answer must be a clear no. The US tax system, the underlying data show, remains far less progressive than it once was — and far less effective at counteracting inequality than it needs to be.” (05/07/26)

https://inequality.org/article/who-pays-federal-income-taxes/

Source: The Bulwark
by Catherine Rampell

“An (economic) serial killer is on the loose, and he’s murdering U.S firms left and right.” (05/07/26)

https://www.thebulwark.com/p/the-america-first-corporate-graveyard-trump-economy

Source: Common Sense
by Paul Jacob

“Decades after a famous revolt by California homeowners led to the relief provided by Proposition 13, taxpayers acting to resist sky-high property taxes are making waves throughout the country.” (05/07/6)

https://thisiscommonsense.org/2026/05/07/the-new-property-tax-revolts/

Source: Beat the Press
by Dean Baker

“Productivity growth is an old concept; we’ve been seeing it at a substantial pace for more than 200 years. Nonetheless, many elite intellectual types like to claim they know nothing about it when they talk about AI. It’s far from clear how much of a productivity boom we will see with AI. For people who are lost with my reference to productivity growth, the story that AI will take all the jobs is a story of a massive productivity boom. If that happens, it will mean that the people who are still working will be hugely more productive, since we will be producing the same or more goods and services as we do at present, with many fewer people working. FWIW, virtually no major forecaster or forecasting agency is projecting anything like this productivity boom. For example, the Congressional Budget Office (CBO) projects that productivity growth will average 1.5 percent over the next decade.” (05/07/26)

https://cepr.net/publications/april-2026-jobs-preview/

Source: Macroeconomic Policy News
by David Beckworth

“The Inflation Trauma Lingers, but the Fed’s Credibility Endures for Now.” (05/07/26)

https://macroeconomicpolicynexus.substack.com/p/the-nominal-anchor-still-holds