Why cutting the IRS’s budget is a mistake, trends in global consumer spending, and making good on city climate pledges.
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Brookings Brief

July 28, 2023

Workers look at plan as they walk on trail with windmills in the background
Why green jobs plans matter and where US cities stand in implementing them
 

Many U.S. cities are making bold climate pledges on emissions, infrastructure, and training. But without coordinated, comprehensive plans to retrain and recruit workers in well-defined, green-related careers, city leaders will be unable to achieve their climate ambitions, write Joseph W. Kane and Adie Tomer.

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Inflated globe in toy shopping cart
How the world consumer class will grow from 4 billion to 5 billion people by 2031
 

In a new commentary, Wolfgang Fengler, Homi Kharas, Juan Caballero, and Luis Simoes highlight interesting trends in the global consumer class, including where spending is projected to increase and where there may be some declines due to aging populations and lower fertility rates. 

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House Speaker Kevin McCarthy speaks with reporters
House Republicans want to cut the IRS budget—again
 

“Have you heard about the ‘Wait Longer for Your Tax Refund Act of 2023’? What about the ‘Millionaire Tax Evader Relief’ package? If legislation were named honestly, that’s what would be making its way through Congress right now, because once again the IRS is facing budget cuts.” Vanessa Williamson explains why cutting the budget for the Internal Revenue Service (IRS) is a mistake.

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