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Press Releases

AAF Examines Economic Impact of New York’s Minimum Wage Hike

The American Action Forum (@AAF) and the Empire Center today released new research examining the impact of increasing New York’s state wide minimum wage to $12 and $15 per hour. The AAF research found that raising New York’s minimum wage to $12 per hour would impact 2.3 million low-wage workers while costing 216,200 jobs in the state. If the minimum wage was raised to $15 per hour, it would impact 3.1 million workers and cost 432,500 jobs in the state. The AAF research also found that only a small amount of total wage earnings gained would actually go to workers in poverty.


AAF Examines Impact Of Dodd-Frank

In advance of Dodd-Frank’s 5th anniversary, the American Action Forum (@AAF) today released an analysis of the law’s impact on employment, the housing market, and the regulatory burden. The AAF research found that 5 years later Dodd-Frank has imposed $24 billion in regulatory costs and 61 million in paperwork burden hours. Only 60.3 percent of Dodd-Frank’s 398 regulations have been finalized, with another 21.5 yet to be proposed, and 18.2 percent in proposed form.  

Holtz-Eakin Statement On King v. Burwell Decision

American Action Forum President Douglas Holtz-Eakin made the following statement today regarding the Supreme Court’s decision in King v. Burwell. "The Supreme Court’s decision ends the detour into the legality of drafting and returns the focus to the core problem with Obamacare: it is poor health insurance policy, poor health care policy, poor budget policy, and poor economic policy. Today’s ruling ensures that growth will continue to be impaired, taxes will continue to rise, dangerous entitlement spending will feed the unsustainable federal budget, and families will be burdened with expensive health insurance that provides inadequate access to actual care."  

Holtz-Eakin: Obamacare Is Bad Economic Policy

Douglas Holtz-Eakin, president of the American Action Forum, issued the following statement regarding the CBO’s report on the repeal of the Affordable Care Act:

“CBO's dynamic score confirms the obvious: Obamacare is bad economic policy. It harms labor supply and incomes, impedes accumulation of private capital and slows overall growth. It is hard to identify another single act that would raise economic growth over the next decade as much as repealing the ACA.”  

AAF Releases New Poll On Fiduciary Regulation

The American Action Forum (@AAF) and the American Action Network today released the results of a national survey examining public attitudes on the Department of Labor’s proposed regulation for financial advisers. Among the key findings, the survey found that Americans oppose the fiduciary regulation (50% to 28%), and are significantly less likely to support the proposed regulation when they hear about the personal impact this would have on middle class savers (73% less likely). 

AAF Examines Ex-Im’s Small Business Support

The American Action Forum (@AAF) today released new research examining the support provided to small businesses by the Export Import Bank (Ex-Im). As the official export credit agency of the United States, Ex-Im helps level the playing field for U.S. exporters in a global market distorted by the export credit activities of competitor nations. The Bank’s charter is currently set to expire at the end of June. While critics claim that the Bank mainly helps larger businesses, AAF research found that small business authorizations dominate Ex-Im’s financing. 

AAF Releases Ideas & Solutions For the 114th Congress

As the 114th Congress takes on the challenge of addressing America’s most pressing policy challenges, the American Action Forum today released an eBook of policy ideas and solutions. The policy topics addressed in AAF’s eBook range from financial services to health care, from budget reconciliation to addressing the national debt, labor policy and beyond.

New #Eakinomics Video Corrects The Record On Inversions

The facts regarding inversions are the subject of a new #Eakinomics video released today by the American Action Forum (@AAF). AAF President Douglas Holtz-Eakin provides a straightforward rebuttal to recent comments made by critics, including President Obama, claiming that inverted companies unfairly take advantage of the education system and infrastructure without paying taxes. In the video, Holtz-Eakin explains that inversions level the playing field while companies continue to pay taxes after the practice.

AAF Releases Principles For Better Labor Market Policy

The American Action Forum (@AAF) today released a set of principles for better labor market policy. The research, authored by AAF’s President Douglas Holtz-Eakin, centers on three overarching principles: Do No Harm; Build a Work-Friendly Social Safety Net; and Improve Skills in the Labor Force.  Policy recommendations are highlighted for each principle, including: stopping the ACA’s damage to the labor market, expanding the Earned Income Tax Credit, reforming Social Security Disability Insurance, and not raising the minimum wage.  

New #Eakinomics Video On 5 Key Facts Regarding The Labor Market

In a new #Eakinomics video, AAF President Douglas Holtz-Eakin discusses the state of the labor market with 5 key facts demonstrating the incomplete recovery. The labor market facts include that there are 2.8 million fewer full time, year round workers in 2013 than in 2007; the historically low labor force participation rate; and how the unemployed face a tough road to employment.

AAF Video Explains Consumer Impact Of FSOC’s SIFI Designation

The American Action Forum (@AAF) today released a new video on the impact to consumers if insurance companies are subject to new, bank-centric regulations. The Financial Stability Oversight Council has been considering designating insurance companies as systemically important. Satya Thallam, AAF’s Director of Financial Services Policy, explains that consumers could face a 3 percentage point increase on insurance products due to the new regulations.

Small Business Pay Reduced By Nearly $1,000 Per Employee Due To ACA, New AAF Research Finds

A new study from the American Action Forum (@AAF) examines the impact of the Affordable Care Act’s (ACA) regulations on small businesses’ employee compensation and employment. The AAF study finds that the ACA is reducing employee compensation at small businesses by at least $22.6 billion annually, or an average of $935 for employees working a full year at a small business with 50-99 employees, and $827.50 for employees of small businesses with 20-49 employees.

AAF Research On Dodd-Frank at Four: More Regulation, Less Credit Availability, Delayed Housing Recovery

To mark the fourth anniversary of the Dodd-Frank Act, the American Action Forum (@AAF) released new research examining the law and its impact on the regulatory burden, the housing market, and credit availability. The AAF research found that Dodd-Frank has imposed $21.8 billion in costs and 60.7 million in paperwork burden hours so far, a 41 percent increase in costs and a four percent increase in paperwork hours from a year ago. The uncertainty created by Dodd-Frank is hurting consumers, preventing lending from rebounding as quickly as the average economic recovery. The AAF research also found that the employment in the financial industry has grown 2.9 percent since 2010, compared to 16.2 percent growth for financial regulators. 

New #Eakinomics Video Explains Why U.S. Companies Move Overseas

As part of the #Eakinomics video series, the American Action Forum (@AAF) today released a new video that explains why U.S. companies decide to move their headquarters overseas after a merger. In the #Eakinomics video, AAF President Douglas Holtz-Eakin explains what a tax inversion is, the reasons driving companies to move their headquarters, and what can be done to stop inversions. 

AAF Solutions Unveils “long page” Microsite Explaining Economics of Immigration Reform

AAF Solutions, a new initiative by the American Action Forum (@AAF), today unveiled a new “long page” microsite delivering a digestible, visually engaging presentation making the economic case for immigration reform. Through significant graphics, statistics and rolling screens, the microsite walks viewers through the many components and issues of immigration reform. 

AAF Solutions Launched With Proposal To Better Protect Taxpayers While Reauthorizing TRIA

Today, the American Action Forum launched AAF Solutions, a new initiative that will offer positive, constructive, digestible, and actionable policy solutions to solve ongoing problems the country faces. With so much of the national debate always focused on the negative, AAF Solutions products will approach policy a different way, defining the problem and then proposing reasonable and actionable solutions that address the problem.

Shift More Risk & Cost To Insurers If TRIA Is Extended, AAF Research Recommends

Policymakers should continue to shift risk and cost to insurers if the Terrorism Risk Insurance Act (TRIA) is extended, a new report from the American Action Forum (@AAF) recommends. TRIA, a federal reinsurance program which allows insurers to share losses with the government in the event of a catastrophic event, is set to expire at the end of 2014. 

AAF Research Finds Tax Simplification Leads To 500,000 Jobs Added, Up to 5 Percent Increase in GDP

The American Action Forum (@AAF) released new research examining the need to modernize and simplify the U.S. tax code, the economic impact of such improvements, and the recent proposal by Ways and Means Chairman Dave Camp. AAF found that enacting pro-growth tax simplification could result in significant economic benefits, including: as many as 500,000 new jobs, up to a 5 percent increase in GDP, and $1.5 trillion in deficit reduction. 

AAF Primer Finds EITC Much More Effective In Helping Working Poor Than Minimum Wage

The American Action Forum (@AAF) today released a new primer examining the earned income tax credit (EITC) finding it benefits 58.1 % of the working poor; while only 5.3 % of the working poor earn the minimum wage. The AAF primer evaluates the minimum wage and the EITC in helping workers in poverty. The EITC outperforms the minimum wage in assisting the working poor in every measure evaluated. 

AAF Research Examines Effectiveness of Minimum Wage As An Anti-Poverty Tool

The American Action Forum (@AAF) released new research that examines the minimum wage, its impact on the labor market, and its effectiveness as an anti-poverty tool. The AAF research finds the minimum wage fails to address poverty since it fails to address joblessness.  Increasing the minimum wage to $9 and $10, as has been proposed recently, would fail to assist almost 99 percent of all people in poverty.

AAF Research Finds Two New Fed Regulations Would Require 45.9 Billion Compliance Hours

The American Action Forum (@AAF) released new research focusing on two new proposed Federal regulations that represent the largest expansion of red tape to date. These two new proposed regulations would together add 45.9 billion hours of new paperwork to the 10.3 billion paperwork hours currently required by the Federal government. 

AAF Research Finds Significant Economic Impacts If Minimum Wage Increased

The American Action Forum (@AAF) released new research examining an increase in the minimum wage finding it will have a detrimental effect on new jobs and overall employment. In California, where the state raised the minimum wage to $10, the increase will result in a loss of 191,000 new jobs. The study finds that if every state also adopts a $10 minimum wage over 2.3 million new jobs will be lost nationwide. AAF also released an  interactive map showing the jobs lost by state.

A Regulatory Budget For The Federal Government Could Save $3.1 Billion

Americans spend more than 10.3 billion hours on paperwork required to comply with approximately 9,100 forms from the government. The American Action Forum (@AAF) examined a regulatory budget for the Federal government that would aim to reduce the amount of paperwork Americans must complete in order to comply with government regulations. The AAF analysis found that a regulatory budget would save $3.1 billion in regulatory compliance costs, promote economic growth, and reduce regulatory red tape while protecting public health and safety.

AAF Regulatory Policy Director Sam Batkins Testifies Before Senate Judiciary Committee

WASHINGTON -- American Action Forum (@AAF) Director for Regulatory Policy Sam Batkins testified before the Senate Judiciary Subcommittee on Oversight, Federal Rights, and Agency Action, on the topic of The Human Cost of Regulatory Paralysis. In testimony before the Subcommittee, Batkins said: “It is undeniable that federal red tape is growing, and will likely continue to trend upwards with the implementation of the Affordable Care Act and Dodd-Frank.”

More Than 110 Top Conservative Economists Send Letter Supporting Immigration Reform

WASHINGTON, DC - More than 110 influential conservative economists released an open letter to Congressional leadership today supporting immigration reform and touting its economic and budgetary benefits for America. The letter, led by American Action Forum President Douglas Holtz-Eakin, includes a who's who of conservative luminaries: Nobel Laureate in Economics Edward Prescott, Art Laffer, Glenn Hubbard, Ed Lazear, Larry Lindsey, June O’Neill, George Schultz and more.

Benchmark Immigration Reform Would Boost Growth and Reduce Deficit

WASHINGTON – The American Action Forum (AAF) today released a study outlining the channels for immigration reform to translate in to better economic growth and budgetary performance. The paper concludes that “a benchmark immigration reform would raise the pace of economic growth by nearly a percentage point over the near term, raise GDP per capita by over $1,500 and reduce the cumulative federal deficit by over $2.5 trillion.”

AAF & Progressive Policy Institute Offer Guidelines for Federal Housing Administration Reform

WASHINGTON – The American Action Forum (@AAF) and Progressive Policy Institute (@PPI) today released a joint paper outlining common-sense guidelines to Federal Housing Administration (FHA) reform. Jason Gold, PPI Senior Fellow and Director of the “Rebuilding Middle Class Wealth” project, and Andrew Winkler, AAF’s Director of Housing Policy, demonstrate that as the debate in Congress evolves over the future of FHAs, there is common ground for liberals and conservatives to build on.

Wall Street Journal Finds Financial Market Reaction to Cliff Would Be Severe


If investors start to doubt that a deal will be reached, the consequences could prove severe and difficult to reverse. Such doubts could spark broad selloffs, causing consumers and businesses to retrench, damping investment and job creation.

Republican economist Douglas Holtz-Eakin says in a report to be released Wednesday by the American Action Forum, the right-leaning think tank he leads, that the CBO's estimates understate the depth of a "fiscal cliff" recession next year because economic models can't fully account for financial-market effects.

AAF Analysis Finds Cliff Diving Will Have Immediate, Irreversible Impact on Financial Markets

WASHINGTON - A new analysis from the American Action Forum finds that going over the fiscal cliff would not only have an effect on unemployment, but also on the financial markets as well. American Action Forum President Doug Holtz-Eakin and COO Cameron Smith found that "cliff diving would have significant impact on financial markets, impair asset values, exacerbate credit stringency, and amplify the direct effects on the main street economy. Moreover, contrary to what some have asserted, such impacts cannot be 'unwound' by retroactively legislating away the fiscal cliff."

Boom, Bust, and Beyond: A Look at Housing Market Data in Arizona

PHOENIX – The American Action Forum released today a study examining the current state of the housing market in Arizona and an analysis of the policies that have influenced recovery there. The paper, “Boom, Bust, and Beyond: A Look at Housing Market Data in Arizona” was released in conjunction with today’s event, the U.S. Housing Recovery: Lessons from Arizona, featuring Senator John McCain and top housing and economic experts across the political spectrum.

State of the Housing Recovery Detailed In New American Action Forum Paper

WASHINGTON – A new paper by Forum President Douglas Holtz-Eakin and Forum expert Andrew Winkler shows that the recovery of the housing market will likely remain tepid until robust economic growth is achieved nationally. The paper, “The U.S. Housing Market: Metrics of Recovery & Links to Economic Growth,” was released in conjunction with today’s Forum event, Are We There Yet? The Bumpy Road to a Housing Recovery, featuring top housing and economic experts from around the country and across the political spectrum.

New Survey Finds Supreme Court Insiders Believe Oral Arguments Indicate Court Significantly More Lik

WASHINGTON - Supreme Court insiders now believe there is a better than 50-50 chance that the Supreme Court will strike the individual mandate from the Patient Protection and Affordable Care Act (PPACA), a significant jump from before the Court's oral arguments. The insiders survey, comprised of a representative sample of former Supreme Court clerks and attorneys who have argued before the Court, was commissioned by the American Action Forum and Center Forward, and was conducted by Purple Insights, the research division of Purple Strategies.