Will the US Safety Net Survive Tax Cuts?, Beneath the National Security Strategy, and More

What Yellen’s successor will face at the Fed, the crisis beneath Trump’s security strategy, and how the welfare state supports growth. View this email in your browser [here](W47Y75G40G41-W4LG-NK3Bwzyz0/*W5pPnCC2gfw1zN1D7c77YDz140/5/f18dQhb0S4JX2jVJq1N12hgc3lNg42W75thG24mSKpwW3mVvsD5wSm3WW3Gh0VG753YqlW4H1jWT4mBLb9N2Rl0qQp5mXDVB3WBc3fyj8nW7bC4F96tmH-FW3kqfps2j9MJgW7B9V0L5TVbvXW8M7-vw1mV_3gW1J_nCC5-Gdd7W1BlmkJ1TRnQTVwLMgV30Stf9W6ZsRk_1V4vyqVkQx3b1g8cmYW40zj4D7JL7xzW2mpht82DlJ5cW8bt5xn3m-5rMW22Cdp42CHp-mW2-6-p-88hWmkW1k9bhH4P0l8GN7VCCRfqTW9vN4cSPdJFTP4SW7R2lzZ3bs6m-W7W10Y94qs5z8N5HvKckc6r_wW81w9TT5-Qwq0W7mMPwc9d-2HhW36y9-Z1GnlrPN7TpQlf-RrH5W82ryBC4z2y1cW7n460-2KR568W14wTsn5r2gb2W4M58wv4FBB2qW1mrxpX4wGcBrW4jtzYq8qW9pdW7wmPv42LW-gyW1ZnDvz1Nrqk8N977FmsF9lxjW8TVRqG8Rq8gpW90lbDg4pz499W4DlPKk27Xv96W1VgR6m4nsDcSW4R0bXm1ZlxCVW1PCkSL4WpDYs0). [The Brookings Brief] December 21, 2017 [Brookings on Twitter](W47Y75G40G41-W4LG-NK3Bwzyz0/*W1P93wQ2XxYhkW8hhKWz7HML0b0/5/f18dQhb0SbTH94zGs-W8SMVYk2qwv2rN2MDGsB60gRfVf5pmg5mbMf4W1BQYdP8V3mx6W7MzhxW9cY9zhW5ZBQmK7t-5nKW7BVKhs9bTNXYW954KlM4P0Yt6W2c4ZCs6dyrMVN2-CVyCZTtC-W70fl6p7PJ6bdW2gM1cw1THSXdW5J10-t5FHWx8W2GGqc92JDgVLW1Z-GGT8D1Qv0W3ygvH88c3fNXW5lq_061D9fCTW7t5DQT2HmhssN6zydTdgDJ2nW3kQNls1nCrbgW8Ss7bg4Hr0l7W5R4C7v4pcWhNW8_5VHl41Wt3zW3S05B36VGy3mW2pglVT6vc-Z6W1PRVhP89-nNv0) [Brookings on Facebook](W47Y75G40G41-W4LG-NK3Bwzyz0/*W1LZf855NGLx_W1Df5Mz2F3Cyy0/5/f18dQhb0SbTR94zDVFW8SMVYk2qwv2rN2MDGsB60gRfVf5v-H5mbMf4W1BQYgz8Tm-BYW7bvkyY9f8M0SW8mQCyL5_SQxhW1T_LG26-gPgcW2gNHF319wZTJW7C49Bs6jbfMRW34VM0Y63BrfxW7xR9_s2Vjhb0W5bPQ0k7v4mGyW8p6tHM5wM1RKV91lL92KFZxKW3ZCq1p7RXgNwN22TNxn9Mb77W47xmQ63JsByPW1nP07w8r48GpW8qvSNW5_--MxV1r5Lv2nRzM3W57_mQZ8JB-WfW4kjSKC1vNYjPW7T31K75Lwz_gW1vy9QS8jRgJMM4ZDML2LMBkThfhx8mD2x8103) [Brookings on YouTube](W47Y75G40G41-W4LG-NK3Bwzyz0/*W2mNnMS2T2XS_W2kY6115Yjgcx0/5/f18dQhb0Sq5F93BlwTW8SMVYk2qwv2rN2MDGsB60gRfVf5bvv57mvFqW3BJFQw8Vm6N7W7qwBPl7JD6_VW8mQCyL7K57CTW4BY3v-9f2dSTW8YbrBK8h2B1CW7JtS0C2dkBRqW83_Pyq834DLzW8XWrk52pxdxfW1h4FN47v7NWNW5gKvxz3SQgn2W3_CV3g3V_TcnVxZ29g41TlcRW3Tx3Jb5Tc3X-W3s1XjF51FXKLN9l9D4rcWbVfW4Wpz-020VB1sW5ZcPgz5Z8rZqW79YfPF7s-s95W4ZggJC5gFzGgW61lQ4C23c-StW9k0pwp93djpTV4zfbT6YnybmN7Z_xNTGTV1JW5cC6_l1NwBMnN1MVsRj13whVf5hVzKd03) IN THE NEWS [Gouging the safety net is especially untimely now](W47Y75G40G41-W4LG-NK3Bwzyz0/*VlkM304kTsbzW3M_WtG443lM90/5/f18dQhb0S8388Z99_6W8lqkn64T_wC2N5wfjX8d0yFvVsd5jH1VbPj2W53DQ4N7s5LskW5m7CkJ6yBqL8W5682vh2LWFt-W8V6rwy1ShFmXW7r9rtC33GysjVtggT15b4CZcW8_23SD7Lkm1PW2pDXyB3TtNn1W6QYfXw6R9DD8W5CRh6J6bwHqHW7mPTQm7JQcSbW83KJ584CB5ysW83_Pyq834DLzW8XWrk55zknDMVdrT896bgcdxW8ytNN05ZpycSW57-ZBT83C5JPW6rY-3s2KQ2YYW1Gj5QG2kGjZwW6qQx_g5mZ4KtMPs031gkKmyW5qdlDq2HGNb9W2HGMS830yKH2W4rxRf762470LW8rWlCR9cX-DsW1wRS6N5cSrV9W9l4TJ-9g7W9pW72s_Hh6r7s3qW4kNMk52vMMTtN8kKMTqrVprCW56gBW-3YQvJNf1m0F5v04) Mark Muro and Clara Hendrickson | [@MarkMuro1](W47Y75G40G41-W4LG-NK3Bwzyz0/*W23cdYw5BcdG1W261ny37mhSDJ0/5/f18dQhb0SbTH94zGs-W8SMVYk2qwv2rN2MDGsB60gRfVf5pmg5mbMf4W1BQYgz8Tm-BjW8V3mx67MzhxWW9cY9Bk79-J6rW7JCmw_9bTNXYW954KlM4P0Yt6W2c4Y669f8ZfYW6WRr4D1h4FN4W7v7NWN5h17wMW3SQgn23_CV3gN3V_TcnxjlJDW1YTF-H7TnHDPW5L1yJ85FxwsVW3WJKG53zXm3vW8csLSq112nHyW3q79N73n8Fh6W5H-xHc310QLXW3Bbc3C7JTGNGW2rcrKl5PkNwpW8_kVqr87qR2GW3v_clC4gJ6kJW6Spk0X87Cg93W7Jjj3K6T3gMZMdSQk91_P-8f53LWXl01) [ Gouging the safety net is especially untimely now](W47Y75G40G41-W4LG-NK3Bwzyz0/*W81JWdW3Z2RsWVwW7jx6JF26h0/5/f18dQhb0S8388Z99_6W8lqkn64T_wC2N5wfjX8d0yFvVsd5jH1VbPj2W53DQ4N7s5LskW5m7CkJ6yBqL8W5682vh2LWFt-W8V6rwy1ShFmXW7r9rtC33GysjVtggT15b4CZcW8_23SD7Lkm1PW2pDXyB3TtNn1W6QYfXw6R9DD8W5CRh6J6bwHqHW7mPTQm7JQcSbW83KJ584CB5ysW83_Pyq834DLzW8XWrk55zknDMVdrT896bgcdxW8ytNN05ZpycSW57-ZBT83C5JPW6rY-3s2KQ2YYW1Gj5QG2kGjZwW6qQx_g5mZ4KtMPs031gkKmyW5qdlDq2HGNb9W2HGMS830yKH2W4rxRf762470LW8rWlCR9cX-DsW1wRS6N5cSrV9W9l4TJ-9g7W9pW72s_Hh6r7s3qW4kNMk52vMMTtN8kKMTqrVCHqW56gBW-81_7MKf1m0F5v04) [Share on Facebook](W47Y75G40G41-W4LG-NK3Bwzyz0/*W8JC4lf8fM9kmW6mqfmt7KTtQ10/5/f18dQhb0S5fm8YXNkgW8SMVYk2qwv2rN2MDGsB60gRfMf5rWMXD6prW39Dr-N8pCDKXW51TPdt97d1DWW7nwMJH7bWg4_N69_fycXn7D3W6GlTYD6VMSDsW53h0Ky4sypSjW69NH5-2Hv0M9W97z1Hf6R2QBGW4s13862z8ZYgW98jtJ84Xz2HNW96B57P4jhzwCW1s0NV530n4CJW8W50Vl1VJWYBN8WBMTqKzrWKW25DsQc4r1M-tW69Wjjb3WqF_mN8S3yR5bY02SW4s7_bb8x9jjgVdrT896bgbpmW8hTJV48lwVXYW8hS2967bj1_4VFCG-j5rC5Q6W3l6ccQ8mQMYTW7NM5zG72_3QdW6kxyZl2bzNQYW5_jXJ22N2vJpW2N2rVf5n9_HgW7nZ_fl1D2sn9W4tcXlc3xxDzVVJgwnt4FyDn3W6m2S8Z1RLBdXN6RV_ZjvsgwSW1VbZHW86sZW2W5_5dj93xWwfqS1J95p6fQw102) [Share on Twitter](W47Y75G40G41-W4LG-NK3Bwzyz0/*W1ZL4Gr3HllPSW2NdTKT1FMwq70/5/f18dQhb0Smj38Y9XHdW8lqkn64T_wC2N5wfjX8d0yFvVscP5v1VbPj2W53DQ4N2Ny77fW2KFPsR5mZ50NW1Ww6xP8W1NKFW6bMLDH1njBJwW6HYWw38xX9DrN6c-1lJYF5tMW22V3sX5_LqLzW2MkKfH5DpJ8qW6Fyxh324TscJVg4ZXs3bPyBfVnxhKJ5wZTWCW2dT7xz548wLfW8_1vj55b3N74W5NdS812KBRYBN5nbq6BGXpVfW3-jp3V23vcMnW97mg053KzygtW7pggKQ5x5KNkW7-XB_567h1CPW8r97s-8m7Y9zN5wM1SsnC-nBW8s8Pd_6rrc8LW1dKRwV4M1133W4H_8kB2NqGsdW6zCFTd1Q5Ln_W1sd4dw7BY9LGW14v7mq1TFhJhW4r5l5j7V_X1yW4xm2bk4xXMt2W7LDNv78Nh8zbW4w4JsW2NRHG1N8H3FL2ZpcmqV9ZLcN5s3_J7111) While Republicans prepare to pivot from tax cuts to social spending cuts in 2018, Mark Muro and Clara Hendrickson explain why a robust welfare state is increasingly necessary to support the dislocating effects of today’s technology- and innovation-driven economy. EXPERT OPINION [The National Security Strategy papers over a crisis](W47Y75G40G41-W4LG-NK3Bwzyz0/*W2Py6Nz3CBTtYW6vzvD-3_YZb20/5/f18dQhb0SfHF8YHtb0W8SMVYk2qwv2rN2MDGsB60gRfMf57z-XD6prW7cmS1s8pCQ6vW2HB0s17ZlrztW7cFHYf63vCBwW5CRb-t4sgwnkVYFj9350CmbgW3CsRr73W1xKJW3LRnx647xfHKW2HTbRJ41yjT5W3VNXnP4Dj31BW42hJZ-2-CW7RW6vJ_hZ2HVTVMW3Ccrhn3MbN9ZW31WCF85cvzZ7W32pdcW5F34fnW23-nGK265VBJW22-vhJ1Q4cMNW2vrpcL1nnQd3W38kffx24ZF-xW1ZY5-P46QcPWN1zW062zD-dgN1tlRmrHMNn4W2MV4fx4cyhzwW8VQ84S7HS_mLN5mZ4YkWDM01W798yz789ZYR_W3Z1GtQ56fsqQW42w3Qp78rf25W56n32521DsdwN1tj03zVL6QTSkzS3LtQ_B102) Thomas Wright | [@thomaswright08](W47Y75G40G41-W4LG-NK3Bwzyz0/*N9cwHpxp_V4qW6V4DXJ2hSh2J0/5/f18dQhb0SbTT93BlP4W8SMVYk2qwv2rN2MDGsB60gRfVf5xnx5mbMf4W1BQYgz8Tm-BjW8V3mx67MzhxWW9cYnPK589LtbW8hPsY08YwCTLVrFR8l83_PyqW834DLz8XWrmtW5ZBQmK7t-5nKW35_0L55ZcN0sW1ZJ4fw4DqHqzW6dgmw34yv2r0W3LmS2W2r40NnW3M3KvX3WvC2HW2r5Kr42HT8mrW6kGNnB4YTt6gMfTlLH1KsWrW1KzlDn7vfMSdW7bqXyY5KZd56W2btv354f_w8dW1h4RHR8mhVQYW3sJWsq8MhsYGW8WvlMv2X8SMNW6ZSkd58Jc1X0W1HfldK6KVTbnN3QzSg8QN_TjW4Z9bcL87_Sgj0) [The National Security Strategy papers over a crisis](W47Y75G40G41-W4LG-NK3Bwzyz0/*W7BxBfX3g_jCmVmmZ1_8xm7ZC0/5/f18dQhb0SfHF8YHtb0W8SMVYk2qwv2rN2MDGsB60gRfMf57z-XD6prW7cmS1s8pCQ6vW2HB0s17ZlrztW7cFHYf63vCBwW5CRb-t4sgwnkVYFj9350CmbgW3CsRr73W1xKJW3LRnx647xfHKW2HTbRJ41yjT5W3VNXnP4Dj31BW42hJZ-2-CW7RW6vJ_hZ2HVTVMW3Ccrhn3MbN9ZW31WCF85cvzZ7W32pdcW5F34fnW23-nGK265VBJW22-vhJ1Q4cMNW2vrpcL1nnQd3W38kffx24ZF-xW1ZY5-P46QcPWN1zW062zD-dgN1tlRmrHMNn4W2MV4fx4cyhzwW8VQ84S7HS_mLN5mZ4YkWDM01W798yz789ZYR_W3Z1GtQ56fsqQW42w3Qp78rf25W56n32521DsdwN1tj03zZHcRdKby6d4D4J102) [Share on Facebook](W47Y75G40G41-W4LG-NK3Bwzyz0/*W8nbFvH2Z1LgGW8N_NSR2p8FLz0/5/f18dQhb0SmhS8YXNkgW8SMVYk2qwv2rN2MDGsB60gRfMf5ps0XD6prW39Dr-N8pCDKXW51TPdt97d1DWW7nwMJH7bWg4_N69_fycXn7D3W6GlTYD6VMVLxW5m7qkd5CRk-NW4v13hr99bdxDW4rYbrr7dDM4NW6bVZ1B1mw2pnW5c1yGd49M6n6W2JjLM_2HGMRtW3W4ZPK2p0p-TW2_b5vg3gq-VHW5YvtQc3M6X_VW6ZBrC_41_WgKW41yjTP4tYJDNVFpMJ66dyrMVW2-CVwd6gSPqfW4DqHqz6dgmw3W4yv2r03LmS2WW2w15NM3M3Kx5W60Rkcx4Dl4vzW3sxGC-1FVdGdMfTlLH1KsWrW1KzlDn2QvdcSW4lfBGZ24PBjSW4qXwxF8w-WJ2W883fjd7mtWScW6VqRY189s0V-W8rTRKk5Pm80lW4Cyj_f81jc1mW3jx6-d44Hg3KW7D7Hxj1Dy_KCW4fgbJC1vWR6d0) [Share on Twitter](W47Y75G40G41-W4LG-NK3Bwzyz0/*Vk9WWF4-c03FW6w7ks470qyKy0/5/f18dQhb0S5fq8YHs76W8SMVYk2qwv2rN2MDGsB60gRfMf5gqMXD6prW7cmS1s1nNNN3W1njGYF7nwMJHW5CR0N34r1D85W7NY50L5mKdf4W81cQXv35_0LyW79T9-06Wsl7zW1V3f-p6Bthn8VJ1t-52KlTzXMgbdMFqlmKbW4LD8B07Mz1L7VkjgL35DpR-jW1RcsMf2mdpt0W8VmFZZ7Jq_fwW8Tw36-2dZjqzN2MTPSyKng6qW1Wg4bj5MgK53N4syjT24yH7rN6bgk5jRYqvDN2yJF1WYT2jkW6P4lCX6hF8n1W69NG1w6Pr3nqVphxkF5yDv4PW87_sds7dr9qWW72YqDy8pmBycV5l2gR6k3QtvW5KZd562btv35W4f_tMn8LChnCW8mhVQY3sJWsqW8MhsYG8WvlMvW2X8SMN6ZSkd5W8Jc1X01HfldKW6KVTbn3QzSg8VQN_Tj5-d5FQf1YBn8s04) Thomas Wright argues that the National Security Strategy released by the Trump administration this week is a symbol of the gulf that exists between the president’s own foreign policy and that of the senior officials who surround him. EXPERT INSIGHT [4 challenges Janet Yellen will pass on to Jerome Powell](W47Y75G40G41-W4LG-NK3Bwzyz0/*W9jC5bd8qxXhSW8GrZ2q8Hwy0R0/5/f18dQhb0SnGW98_V4HW95rnpT5VQHwhW62TN8_4Lz3QsW4R4KR657mvFqW3BJFQw8Vm6N7W60SrGK8Gd8cYW3CRyJY31MwxzW7t-1XY6VJXqFW56VQRM57MkfPW7NMtsj3D3S_vW2BsJ8v6Qzh93N62TKk7YSZqyW973DWy26pC0fW1nrCGB51LTg5W5DHNj22TgVPRW58jhqP1Sjc8MW2mWJgD625bx1W6Gj8TS6bVy-5W25PPk-6Pkt_VW62_rW_5YFFb_W96dt4S4r1QwCW6VgKvW3hZGvWW4p7yDT2Byq_wW5x4_nP5x4VSdW1pgxYM5qR5DhW3d4vgL4gJfg7W8rTsg-7mtWScW6VqRY189s0V-W8rTRKk5Pm80lW4Cyj_f81jc1mW3jx6-d44Hg3KW7D7Hxj1Dy_KCM2YgfR5Y2_b0) David Wessel | [@davidmwessel](W47Y75G40G41-W4LG-NK3Bwzyz0/*W1808nh6sP4yZN37KzlPcX_XX0/5/f18dQhb0SbTK93BlP4W8SMVYk2qwv2rN2MDGsB60gRfVf5qN65mbMf4W1BQYgz8Tm-BjW8V3mx67MzhxWW9cY9yJ5rxLdsW5rKRf68hGVGKW9bTNXY954KlMW4P0Yt62c4Y66W9f8ZfY6WRr4DW1h4FN47v7NWNW5h17wM3SQgn2W3_CV3g3V_TcnW5bnH9Y2w15NMW3M3Kx560Rjl6W4Dl4vz3sxGyBW43Gq7c4Pw1VkW2sbPxn10rPtmW2-CW7h2-Bc-KW3B-6Wk3MtK3ZW2sFTCc3G2Xz9Vd8y6q1QPd11W6L2k1y804CL7W5_5jNw3lWYYbW45Wwc55-7t__N59ZWyHmRw0WMdXyXb1ctTJf3w72Nv03) [4 challenges Janet Yellen will pass on to Jerome Powell](W47Y75G40G41-W4LG-NK3Bwzyz0/*W1qBdgY78kXZSW6dMpPJ867nJn0/5/f18dQhb0SnGW98_V4HW95rnpT5VQHwhW62TN8_4Lz3QsW4R4KR657mvFqW3BJFQw8Vm6N7W60SrGK8Gd8cYW3CRyJY31MwxzW7t-1XY6VJXqFW56VQRM57MkfPW7NMtsj3D3S_vW2BsJ8v6Qzh93N62TKk7YSZqyW973DWy26pC0fW1nrCGB51LTg5W5DHNj22TgVPRW58jhqP1Sjc8MW2mWJgD625bx1W6Gj8TS6bVy-5W25PPk-6Pkt_VW62_rW_5YFFb_W96dt4S4r1QwCW6VgKvW3hZGvWW4p7yDT2Byq_wW5x4_nP5x4VSdW1pgxYM5qR5DhW3d4vgL4gJfg7W8rTsg-7mtWScW6VqRY189s0V-W8rTRKk5Pm80lW4Cyj_f81jc1mW3jx6-d44Hg3KW7D7HVg1Dy_KCN6tW7xw5Y2_b0) [Share on Facebook](W47Y75G40G41-W4LG-NK3Bwzyz0/*W2Ng02115zSKJW82nD8K9m5mdh0/5/f18dQhb0S83f8YXNkgW8SMVYk2qwv2rN2MDGsB60gRfMf585qXD6prW39Dr-N8pCDKXW51TPdt97d1DWW7nwMJH7bWg4_N69_fycXn7D3W6GlTYD6VMVKRW5m7qkd5CRk-NW4v13hr99bdxDW4rYbrr7dDM4NW6bW40N50MH4DW4sympZ6R7Xc2W5vQTZM3zbV0qW2HBjyM2pd2z4W2FQ8BF1ksGJhW1R4_lX1V5BV8W2JFwXJ7QQY3LW1tk9011DsSgLW3jL1hn5Hsr_pW5G2Wvy77447rW5J10-t5FHM5wW1v3hGt3bPyFLW3BJFmH2trdz7D6Y9ktTrJ1W5xRWwB3M6VqDW3CcsN-2TtD2zW5PNZ9t26_LzCVpKTzK8TbH5TW6qVZ9J92JGX1W95QDTX6684zvW89sTQl908-s9W5wHpkf810nyvN1WPqF4pV_-Tf3H1sbP11) [Share on Twitter](W47Y75G40G41-W4LG-NK3Bwzyz0/*W5gP8zG60109bN5qK6cQMvtlK0/5/f18dQhb0S5fr8YHsplW8SMVYk2qwv2rN2MDGsB60gRfMf5dGYXD6prW7cmS1s1nNNN3W1njGYF7nwMJHW5CR0N34r1D85W7NY50L5mKdf4W3kJNjr4RdJx8W5L0wfF8Z3K3TW7g-JX56D8HmJW64y6x8585yjjW11vMP-3cLjVRVfVQZz4PF91dN8pDxvTXlt_ZW6bPfvR2xdvfjW1m9kN_3Q2lVJW8BVNDm5H_qHhW68F2yg7d-tJnVQJ99n8tsDqNN3GKfZxYhJpYW52Hlzr3fps_nW8W2c9W32CQ2lW8jxMNS1VwV0kW1kXfyt1SdKWJW1m2p2Y8XkYTmW1WhP509kg88_N8csGDVD2JF5W7dZLrn5qK2T6W5rbnjH5B2mynW5CHDwm5gdSBdW8TKQQ_5qv4fvW7jsY6V9lC8yVW4F48h78cNK1rW7V79v06Tr4jtW5YXBDx8RqRVwVcYJKQ7dJ18nW6NnqMv22w0H00) From tax reform to staving off another recession, Trump’s pick to succeed Janet Yellen is likely to face formidable challenges at the Federal Reserve. 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