Economy

In Gift to Rich Tax Cheats, Republicans Strip IRS Funds From Bipartisan Infrastructure Bill

In Gift to Rich Tax Cheats, Republicans Strip IRS Funds From Bipartisan Infrastructure Bill
"Republicans can always be counted on to help billionaires not pay taxes."
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In Blow to GOP Narrative, Missouri Cut to Jobless Benefits Not Boosting Hiring

In Blow to GOP Narrative, Missouri Cut to Jobless Benefits Not Boosting Hiring
"It's almost as if the pandemic unemployment benefits weren't the issue."
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Trove of Never-Before-Seen IRS Records Reveal How the Wealthiest Avoid Income Tax

Trove of Never-Before-Seen IRS Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
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Republicans Attack Biden Over His Latest Offer to Compromise For Them on Jobs Plan

Republicans Attack Biden Over His Latest Offer to Compromise For Them on Jobs Plan
President Joe Biden offered to cut about a quarter of the spending out of the American Jobs Plan.
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How the Federal Reserve Is Increasing Wealth Inequality

 How the Federal Reserve Is Increasing Wealth Inequality
The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.
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719 Billionaires Now Own Four Times More Wealth Than Poorest 165 Million Americans Combined

719 Billionaires Now Own Four Times More Wealth Than Poorest 165 Million Americans Combined
"Congress should act to restore taxes on the wealthy and limit further democracy-distorting concentrations of wealth and power."
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Democrats' Proposal Could Raise Trillions by Taxing the Richest 0.05%

Democrats' Proposal Could Raise Trillions by Taxing the Richest 0.05%
The Ultra-Millionaire Tax Act would only impact those worth more than $50 million.
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Bernie Sanders Says 'Room Full of Lawyers' Working to Ensure $15 Wage Bill Survives Senate Rules

Bernie Sanders Says 'Room Full of Lawyers' Working to Ensure $15 Wage Bill Survives Senate Rules
"It says so much about how utterly rigged the system is that it takes a team of lawyers to figure out some hail-mary-pass way to raise the minimum wage."
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How the Ongoing GameStop Fiasco Highlights the Sinister Nature of Modern Casino Capitalism

How the Ongoing GameStop Fiasco Highlights the Sinister Nature of Modern Casino Capitalism
"Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing."
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NY Times Wants to Talk About Higher Wages, but Not the Real Reasons Wages are Low

NY Times Wants to Talk About Higher Wages, but Not the Real Reasons Wages are Low
It’s good to see the New York Times making the case for higher wages in an editorial. Unfortunately, they get much of the story confused.
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