Pointing to egregious examples of Fortune 500 corporations "manipulating the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits," a new report from Citizens for Tax Justice makes a sharp case for corporate tax reform.
The policies put forth in this document suggest that America's main problem is that the poor have too much and the wealthy, too little. The budget plan "corrects" this perceived imbalance by deeply cutting programs that help low- and middle-income people, and cutting taxes on those with high incomes, capital gains, multinational corporations and "pass through" business income.
Previously undisclosed emails by a mortgage industry lobbyist doubling as a consultant for then Attorney General Andrew Cuomo show the lobbyist played a self-described “critical role” in one of Cuomo’s signature financial crisis investigations.
Trade is great. We all trade. A lot of us trade labor for money that buys other things. A farmer trades corn for money that buys other things, and so on. No one is “against trade.” But is anything called “trade” always good for all involved?
When he took office in January of 2011, Minnesota governor Mark Dayton inherited a $6.2 billion budget deficit and a 7 percent unemployment rate from his predecessor, Tim Pawlenty, the soon-forgotten Republican candidate for the presidency who called himself Minnesota's first true fiscally-conservative governor in modern history.
Free market zealot Matt Ridley may well dismiss the European Union’s Common Agricultural Policy (CAP) as a powerful “economic quirk” which has retarded Britain’s rural economy and kept farming “artificially buoyant”. But that has not stopped the landed aristocrat from claiming his share.
Half of our nation, by all reasonable estimates of human need, is in poverty. The jubilant headlines above speak for people whose view is distorted by growing financial wealth. The argument for a barely surviving half of America has been made before, but important new data is available to strengthen the case.
When it comes to protecting Wall Street at the expense of the middle class, it's no shock that Corporate Democrat Jim Himes and Republican-Light Elizabeth Esty, voted to throw the working class under the bus.