Economy

Obama on Social Security in 2007: 'I Will Not Cut' Cost-of-Living Adjustments

Obama on Social Security in 2007: 'I Will Not Cut' Cost-of-Living Adjustments
President Obama has gone against his word by pledging cuts to Social Security that he himself took off the table when he was a candidate for President in 2007.
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Profit Shares Hit New Highs, Washington Focuses on Disability

Profit Shares Hit New Highs, Washington Focuses on Disability
The Commerce Department released data on corporate profits last week that showed the before-tax profit share in 2012 reaching its highest level since 1951. The after-tax profit share edged down by one-tenth of a percentage point from its 2011 level, but was still higher than every other year since 1930.
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American Taxpayers Increasingly Picking Up the Tab for Unpaid Corporate Taxes

American Taxpayers Increasingly Picking Up the Tab for Unpaid Corporate Taxes
In the 1950s, corporations paid nearly a third of the federal government’s bills. Last year, thanks to the antics of Pfizer and other examples of overly creative accounting, corporate income taxes accounted for less than a tenth of Uncle Sam’s total revenue.
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The Military Gets 26 Times as Much of Your Tax Dollars as Scientific Research Does

The Military Gets 26 Times as Much of Your Tax Dollars as Scientific Research Does
As you mull over the taxes you paid to the federal government this year, check out this graphic from the National Priorities Project showing where your taxes went in 2012.
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Westchester County Could Lose Millions for Fair Housing Failures

Westchester County Could Lose Millions for Fair Housing Failures
After more than three years of clashing with the federal government, Westchester County may finally have to pay a price for its failures to comply with a residential desegregation court order: $7.4 million.
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Studies Find: DC Does What Wealthiest Want, Majority Opposes

Studies Find: DC Does What Wealthiest Want, Majority Opposes
Why do policymakers focus so intently on the deficit issue? Because the small minority of wealthy individuals that see the deficit as the nation’s priority have more clout than the majority that didn’t.
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Justice Department Official Who Didn’t Prosecute Banks Returns to Law Firm That Defends Them

Justice Department Official Who Didn’t Prosecute Banks Returns to Law Firm That Defends Them
Lanny Breuer, who was the Assistant Attorney General for the Criminal Division of the U.S. Department of Justice under President Obama, conceded in a recent PBS documentary that “no Wall Street executives” were prosecuted under his tenure.
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Walker’s Rejection of Obamacare Funds to Cost WI Businesses Upwards of $36 Million

Walker’s Rejection of Obamacare Funds to Cost WI Businesses Upwards of $36 Million
According to a national study by Jackson Hewitt Tax services, Wisconsin Governor Scott Walker’s opposition to Obamacare will cost Wisconsin employers between $24.1 million and $36.1 million a year.
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FLASHBACK: Republicans Wrongly Said 2007 Minimum Wage Increase Would Kill Jobs, Hurt Economy

FLASHBACK: Republicans Wrongly Said 2007 Minimum Wage Increase Would Kill Jobs, Hurt Economy
Despite the scare tactics from congressional Republicans, the 2007 minimum wage hike did not harm the economy. Study after study has shown that raising the minimum wage has not, on net, cost workers their jobs.
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Ryan's Frankenstein Budget: Then and Now

Ryan's Frankenstein Budget: Then and Now
If you’re living comfortably in your upper class lifestyle, you’re going to love Ryan’s budget plan.
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