"Words that make actions speak louder."
Walmart avoids paying on average $1 billion a year in federal taxes through aggressively exploiting tax loopholes, according to a report released today by Americans for Tax Fairness.
Economist Emmanuel Saez’s latest paper says that the share of wealth going to the bottom 90 percent has fallen to where it was in the 1940s, while the top tenth of 1 percent have levels of wealth last seen in the 1920s.
Two “inflation hawks” on the Federal Reserve’s open market committee, Charles Plosser and Richard Fisher, will step down from the board in early 2015. That’s a chance for working people to have their own representatives.
The aims of Rep. Paul Ryan’s latest antipoverty vision sound noble. But the core of his proposal has a fundamental flaw: Block grants to states have proven ill-suited to the task of reducing poverty.
As is usually the case with the conservative extremists who dominate the House, when it says it is about to “improve” something, that’s the signal that for a lot of struggling families, things are actually about to get worse.
Fortune lists companies that “sure seem American—except when it comes to paying taxes” and publishes a denunciation of an “exceptionalism” that enables companies to avoid taxes but benefit from being American.
The author of “Capital in the 21st Century” says the capturing of our political institutions by the ultra-wealthy is the single most serious concern stemming from today’s worsening wealth inequality.
In 26 out of the 50 states, the top 1 percent have seized all of the income growth since the end of the Great Recession. Income inequality is not just a feature of certain regions or economic sectors.
The latest polling shows President Obama wins, and Democrats in Congress will win, with a progressive populist economic agenda. And they need not shy away from highlighting Republican obstruction and wrong-headed priorities.
The president of TransAfrica explains why the fight against the Trans-Pacific Partnership warrants the involvement of all people who care about racism, economic justice and human rights.