The Economic Policy Institute (EPI) is a 501(c)(3)

non-profit A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

American, left-leaning

think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ...

based in

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

, that carries out economic research and analyzes the economic impact of policies and proposals. Affiliated with the labor movement the EPI is usually described as presenting a

left-leaning Left-wing politics describes the range of political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy. Left-wing politics typically involve a concern for those in soci ...

and pro-

union Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''Un ...

viewpoint on public policy issues. Since 2021, the EPI has been led by economist Heidi Shierholz, a former Chief Economist of the

Department of Labor The Ministry of Labour ('' UK''), or Labor ('' US''), also known as the Department of Labour, or Labor, is a government department responsible for setting labour standards, labour dispute mechanisms, employment, workforce participation, training, a ...

The EPI has a sister organization, the EPI Policy Center, which is a

501(c)(4) A 501(c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501(c)) and is one of over 29 types of nonprofit organizations exempt from some federal income taxes. ...

group.

History

EPI was founded in 1986 by economists

Jeff Faux Jeff Faux (born Geoffrey Faux in New York City) is the principal founder of the Economic Policy Institute and was its first president, from 1986 to 2002. He is now the Institute's Distinguished Fellow and also serves on its board of directors. Fau ...

Lester Thurow Lester Carl Thurow (May 7, 1938 – March 25, 2016) was an American political economist, former dean of the MIT Sloan School of Management, and author of books on economic topics. Education Born in Livingston, Montana, Thurow received his B.A. i ...

Ray Marshall Freddie Ray Marshall (born August 22, 1928) is an American economist who is the professor emeritus and Audre and Bernard Rapoport Centennial Chair in Economics and Public Affairs at the University of Texas at Austin. Early life and education ...

, Barry Bluestone,

Robert Reich Robert Bernard Reich (; born June 24, 1946) is an American professor, author, lawyer, and political commentator. He worked in the administrations of Presidents Gerald Ford and Jimmy Carter, and served as Secretary of Labor from 1993 to 1997 in ...

, and

Robert Kuttner Robert L. Kuttner (; born April 17, 1943) is an American journalist and writer whose works present a liberal/progressive point of view. Kuttner is the co-founder and current co-editor of ''The American Prospect'', which was created in 1990 as a ...

. Since 2021, Heidi Shierholz has served as the EPI's president. Shierholz succeeded Thea Lea, who was appointed by President Joe Biden to a position in the

Policy proposals

EPI supported Bernie Sanders's

Medicare for All Single-payer healthcare is a type of universal healthcare in which the costs of essential healthcare for all residents are covered by a single public system (hence "single-payer"). Single-payer systems may contract for healthcare services from ...

proposal. In a March 2020 policy paper, it argued that the loss of jobs in the insurance industry and in administering the current system would be small, within the normal job churn, and easily absorbed by the economy. The paper argued that this cost would be outweighed by the benefits of universal health care and in small business formation. The EPI has also released policy papers analyzing U.S. investment in early childhood education. In July 2012, EPI and the

AFL–CIO The American Federation of Labor and Congress of Industrial Organizations (AFL–CIO) is the largest federation of unions in the United States. It is made up of 56 national and international unions, together representing more than 12 million ac ...

Center for Community Change Community Change, formerly the Center for Community Change (CCC), is a progressive community organizing group active in the United States. It was founded in 1968 in response to civil rights concerns of the 1960s and to honor Robert F. Kennedy. T ...

Leadership Conference on Civil and Human Rights The Leadership Conference on Civil and Human Rights (The Leadership Conference), formerly called the Leadership Conference on Civil Rights, is an umbrella group of American civil rights interest groups. Organizational history The Leadership Co ...

National Council of La Raza UnidosUS, formerly National Council of La Raza (NCLR) (La Raza), is the United States's largest Latino nonprofit advocacy organization. It advocates in favor of progressive public policy changes including immigration reform, a path to citizen ...

and

SEIU Service Employees International Union (SEIU) is a labor union representing almost 1.9 million workers in over 100 occupations in the United States and Canada. SEIU is focused on organizing workers in three sectors: healthcare (over half of members ...

proposed a budget plan titled ''Prosperity Economics'', a counter to the Republican Party's '' Path to Prosperity'' budget plan. The ''Prosperity Economics'' plan suggests that major public investment in areas like infrastructure is needed to jump-start the economy. Heidi Shierholz

In response to the debate over the

United States fiscal cliff The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been e ...

, EPI economist Josh Bivens advocated taxing the rich and wrote, "Given this rise in ncomeinequality, it makes sense that much of the future burden of reducing budget deficits should be borne by those who have benefited the most from

economic trend *all the economic indicators that are the subject of economic forecasting **see also: econometrics *general trends in the economy, see: economic history Economic history is the academic learning of economies or economic events of the past. R ...

s in recent decades."

Funding

Eight labor unions made a five-year funding pledge to EPI at its inception:

AFSCME The American Federation of State, County and Municipal Employees (AFSCME) is the largest trade union of public employees in the United States. It represents 1.3 million public sector employees and retirees, including health care workers, correcti ...

United Auto Workers The International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America, better known as the United Auto Workers (UAW), is an American labor union that represents workers in the United States (including Puerto Rico) ...

United Steelworkers The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, commonly known as the United Steelworkers (USW), is a general trade union with members across North America. Headquar ...

United Mine Workers The United Mine Workers of America (UMW or UMWA) is a North American labor union best known for representing coal miners. Today, the Union also represents health care workers, truck drivers, manufacturing workers and public employees in the Unit ...

International Association of Machinists The International Association of Machinists and Aerospace Workers (IAM) is an AFL–CIO/ CLC trade union representing approx. 646,933 workers as of 2006 in more than 200 industries with most of its membership in the United States and Canada. Or ...

Communications Workers of America The Communications Workers of America (CWA) is the largest communications and media labor union in the United States, representing about 700,000 members in both the private and public sectors (also in Canada and Puerto Rico). The union has 27 l ...

Service Employees International Union Service Employees International Union (SEIU) is a labor union representing almost 1.9 million workers in over 100 occupations in the United States and Canada. SEIU is focused on organizing workers in three sectors: healthcare (over half of members ...

, and

United Food and Commercial Workers Union The United Food and Commercial Workers International Union (UFCW) is a labor union representing approximately 1.3 million workers in the United States and Canada in industries including retail; meatpacking, food processing and manufacturing; hosp ...

. According to EPI, about 29% of its funding between 2005 and 2009 was supplied by

labor unions A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits ( ...

and about 53% came from foundation grants. In the 1980s, EPI took money from the

Tobacco Institute The Tobacco Institute, Inc. was a United States tobacco industry trade group, founded in 1958 by the American tobacco industry. It was dissolved in 1998 as part of the Tobacco Master Settlement Agreement.The Tobacco Institute's headquarters were k ...

, a now-defunct tobacco industry trade group, to oppose

excise taxes file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when ...

on the tobacco industry's behalf. The Tobacco Institute worked with groups like EPI "to support the release of studies, editorials, press briefings, and testimony against regressive excise taxes" that would negatively impact the tobacco industry's bottom line if passed.

References

{{Authority control Political and economic think tanks in the United States Progressive organizations in the United States Non-profit organizations based in Washington, D.C. Think tanks established in 1986 1986 establishments in Washington, D.C. 501(c)(3) organizations