This week’s reporting: Entrepreneur gap + education gap + tax news

News. A report calls for changes in the legal representation of the poor. Without insurance, kids face more dental problems. New York is making college free for those who can’t afford it. And The Southern Illinoisian has a great series calledProtecting the Innocent about battling high rates of child abuse in southern Illinois. For National Child Abuse Prevention Month this April, they plan to publish a story every day!
Entrepreneur updates. Entrepreneurial ambition is waning among nonwhite students in the United States, Gallup says. About 42 percent said they wanted to start a business in 2016, which is a drop from 54 percent in 2011. That’s near the rate for white students around 40 percent.
  • As a side note, Gallup also reports that 40 percent of fifth through twelfth graders plan to start a business. Gallup’s commentary explains that we haven’t seen much progress in free enterprise in the country. Students want to start a business, but they don’t have the financial literacy to make it happen. How can we change that?
Tax updates. Some numbers and analysis:
  • Although the share of married Americans is falling, they still pay most of the country’s income taxes, Pew says. In 1970, 69 percent of adults were married, and they paid 80 percent of federal income taxes. As of 2014, the share of married adults dropped to 50 percent but the share of income taxes paid by them fell much less, to 74 percent.
  • The next item on President Trump’s list: Tax reform. The Economic Policy Institute talks about the House GOP’s “Better Way” proposal.
3 reporting resources.
  • We’ve long focused on the academic achievement gap between low-income and high-income students, and that’s often measured by looking at the students who receive free and reduced lunches at school. But what about nuance and the gap within the gap? Two researchers share with Brookings how they’ve mined the lunch data for specifics to see variations among low-income students.
  • The Census Bureau released an update to the My Congressional District app, which has information about demographic, social, economic, housing and business statistics across the nation.
  • The Congressional Budget Office released a presentation of the 2017 Budget and Economic Outlook. Click through the slides for numbers and visuals. Essentially, in fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. During the next decade, if laws are the same, deficits would increase due to an aging population and the burden on retirement and health care programs.
Carefully curating for you,
Carolyn Crist

Leave a Reply

Your email address will not be published. Required fields are marked *