Economy

Here are Eight Companies that Desperately Owe Their Workers a Raise

Here are Eight Companies that Desperately Owe Their Workers a Raise
USA Today has put together a list of the eight companies that most owe their workers a raise. The list was determined based on actual numbers not anger, sympathy or any other completely reasonable thing to feel in the face of rampant income inequality.
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What Deficit Problem?

What Deficit Problem?
Washington remains focused on a “deficit problem” when there is no deficit problem. According to the Congressional Budget Office (CBO) the 2013 budget deficit will be down 60 percent as a share of gross domestic product from President Bush’s fiscal year 2009 deficit (from 10 percent to 4 percent of GDP).
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IRS Sent Same Letters to Liberal Groups

IRS Sent Same Letters to Liberal Groups
As reports continue over alleged abuses by the Internal Revenue Service "targeting" conservative groups, the experience of our Texas state affiliate Progress Texas is highly instructive–and raises questions about whether there were partisan intentions in play at all in the IRS's scrutiny of groups applying for the appropriate status under the tax code. ProgressNow state affiliates are not generally known as "conservative."
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Government Reaps Billions in Profits Off Backs of Struggling Students

Government Reaps Billions in Profits Off Backs of Struggling Students
According to the 2013 fiscal year forecast, the Department of Education is slated to bring in an estimated $50.6 billion in profit from student loan interest—an increase of 43 percent from an initial estimate of $35.5 billion.
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Five Important Facts About The Student Debt Crisis

Five Important Facts About The Student Debt Crisis
Student Loan Debt Is Over $1 Trillion: As of last year, student loan debt exceeded a whopping $1 trillion. “Young consumers are shouldering much of the punishment in the form of substantial student-loan bills for doing exactly what they were told would be the key to a better life,” said Rohit Chopra of the Consumer Financial Protection Bureau at the time.
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Atlas Shrugged Off Taxes

Atlas Shrugged Off Taxes
In the past twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half. The payroll tax, paid by workers, has doubled.
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There Are 2,230 Structurally Deficient Bridges in OH Alone

There Are 2,230 Structurally Deficient Bridges in OH Alone
Records obtained by the Dayton Daily News reveal that Ohio is home to 2,230 bridges that have been deemed structurally deficient. According to the Ohio Department of Transportation, government agencies are not properly funded to keep up with the repairs.
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GOP Seeks Alternative to Private Sector Overtime Pay

GOP Seeks Alternative to Private Sector Overtime Pay
It seems like a simple proposition: give employees who work more than 40 hours a week the option of taking paid time off instead of overtime pay. The choice already exists in the public sector. Federal and state workers can save earned time off and use it weeks or even months later to attend a parent-teacher conference, care for an elderly parent or deal with home repairs.
Republicans in Congress are pushing legislation that would extend that option to the private sector. They say that would bring more flexibility to the workplace and help workers better balance family and career.
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PA Governor: You're All High, That's Why You Don't Have Jobs

Republican Gov. Tom Corbett would like the people of Pennsylvania to know that the reason unemployment is so high in their state is because they are all on drugs.
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Why Our Trade Deficit Matters More Than Our Budget Deficit

Why Our Trade Deficit Matters More Than Our Budget Deficit
A trade deficit hurts the economy and jobs. Not only does it mean money is draining from the economy, but it also means our working people are pitted against low-wage workers. A trade deficit enables companies to cut wages. It is the primary reason everyone’s pay has been stagnant or falling since the end of the 1970s — when the balance of trade turned from surplus to deficit.
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