Economy

Deficit Reduction Should Not Increase Poverty and Hardship

Deficit Reduction Should Not Increase Poverty and Hardship
As President Obama and lawmakers of both parties continue to joust over continued federal deficit reduction, they must adhere to a principle that such reductions should not increase poverty or further erode the nation’s safety net, according to a group of analysts at a prominent Washington think tank.
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Costco CEO Supports Raising Minimum Wage to $10.10 Per Hour

Costco CEO Supports Raising Minimum Wage to $10.10 Per Hour
Costco CEO Craig Jelinek has joined the push to raise the federal minimum wage to $10.10 per hour by saying he supports the Fair Minimum Wage Act of 2013, which would not only raise the current wage from $7.25, but would index the wage to inflation and raise wages for tipped employees, too.
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Retirement System, Prevailing Wage Threshold Under Attack in Nevada

Retirement System, Prevailing Wage Threshold Under Attack in Nevada
In Nevada, the state GOP is preparing to push a series of bills through the State Assembly that would make drastic changes to public retirement plans and prevailing wage laws.
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Sequester Cuts Confirm Republicans Are Party of Deadbeat Dads

Sequester Cuts Confirm Republicans Are Party of Deadbeat Dads
It’s a popular analogy among fans of the political game to call Republicans the “Daddy Party” and assign “Mommy Party” to Democratic folk. Deadbeat dads are famous for withholding financial support from children. So Republicans seem to fit the mold here.
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New Bill Would Raise Minimum Wage to $10.10

New Bill Would Raise Minimum Wage to $10.10
Increasing the minimum wage is as no-brainer of a policy as it can get. One, it is extremely popular with the public. Two, it would impact millions of workers—more than 30 million workers would receive a raise if the minimum wage was increased.
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Are We, the People Stealing from Ourselves and Blaming Others for Tax Theft?

Are We, the People Stealing from Ourselves and Blaming Others for Tax Theft?
The Speaker of the House last week said that taxing people to pay for government is theft. Let’s look at just where actual theft is occurring.
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TIME Editor: We Are All On Government Welfare

On The Chris Matthews Show, a TIME editor, acknowledged on air that we are all on government welfare.
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Union Bank Study Shows 84% Confidence Rating in Small Business Climate Uptick

Union Bank Study Shows 84% Confidence Rating in Small Business Climate Uptick
The survey found that while nearly half of those surveyed feel the climate for their small business has worsened in the past two years, a growing number believe the national and state economies are heading in the right direction and the majority (84 percent) maintain confidence in the direction of their own companies.
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Taxes On Rich Are Lower Than They Were Under Republican Presidents Nixon And Eisenhower

Taxes On Rich Are Lower Than They Were Under Republican Presidents Nixon And Eisenhower
Income tax rates on the richest Americans are still lower than they were under Republican presidents Dwight Eisenhower, Richard Nixon, and even most of Ronald Reagan’s presidency.
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Economist Richard Wolff: Sequester Inches Us Closer to 'An Explosion That Will Take People By Surprise'

Economist Richard Wolff: Sequester Inches Us Closer to 'An Explosion That Will Take People By Surprise'
Correcting the spin of "Fix The Debt" shills, economist and professor Dr. Richard Wolff, sits down with me for a quick talk about the sequester in the context of our ailing economic system.
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