Daily Digest - June 27: The Economy After DOMA

Jun 27, 2013Rachel Goldfarb

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Why Marriage Equality Is Good For The Economy And The Budget (ThinkProgress)

Bryce Covert brings back a 2004 CBO study of what it would mean for the federal government to recognize same-sex marriage. The study says it could reduce the incidence of same-sex couples living in poverty and generate an increase in tax revenues.

The DOMA Decision on Gay Marriage Could Speed up Employment Protection for Gays and Lesbians Too (Quartz)

Tim Fernholz thinks that the Supreme Court's decision on DOMA could mean easier passage for the Employment Non-Discrimination Act (ENDA), which already has bipartisan support. Marriage and ENDA could dramatically change the status of LBGT people in our economy.

The Class-Based Future of Affirmative Action (TAP)

Richard Kahlenberg suggests that with the Supreme Court's ruling on Fisher v. University of Texas, progressives should call Republicans' bluff and put their support behind class-based affirmative action, which will still help substantial numbers of minority applicants.

Congrats, CEOs! You’re Making 273 Times the Pay of the Average Worker. (WaPo)

Lydia DePillis breaks down the major points in the Economic Policy Institute's new white paper on CEO compensation. The data is compelling evidence in the discussion of the continued growth of income inequality.

Ixnay on ‘Say on Pay’ (ProPublica)

Jesse Eisinger sees the say-on-pay provision of Dodd Frank as a failure: shareholders are voting on the pay packages of top executives, but they are approving compensation that is higher than ever before, which was not the goal.

The Economy Is Even More Sluggish Than We Thought (MoJo)

Kevin Drum reports that after revising their announcement of GDP for the first quarter of 2013 down already, from 2.5% to 2.4%, the Bureau of Economic Analysis has released a further revision to 1.8%, proving that this isn't much of a recovery.

Which States Are Winning the Recovery? (The Atlantic)

Jordan Weissmann looks at research from the New York Federal Reserve that shows that the jobs crisis is still worst in the states hit hardest in 2009. The states that are succeeding are the ones with natural resources, plus New York and Wall Street.

Who Frets Most About Student Debt (NYT)

Annie Lowrey looks at new data from the Urban Institute that shows who is most worried about paying off their student loans. Somewhat unsurprisingly, the strongest indicators of concern about repaying are employment status and income.

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