One niche industry helps taxpayers avoid paying taxes altogether. Between 1 million and 1.5 million Americans are believed to have undeclared offshore accounts where untaxed income is hidden and accessed through credit and debit cards, said David Callahan, a senior fellow at Demos, a...
As progressives sift through the entrails of the budget deal, there is some guarded optimism on two grounds. First, despite claims by House Speaker John Boehner, it turns out tax increases, or other revenue enhancements such as loophole closings, would count towards the $1.5 trillion dollars in...
Washington DC – In an important hearing today on the future of America’s middle class, Democrats on the Senate Health, Education, Labor and Pensions (HELP) Committee made the case for greater public investment, fairer tax policy, and better job creation to stimulate economic growth and support...
Washington, DC – In response to the President’s address on the federal budget, Demos’ Heather McGhee calls for a bolder commitment to recovery: "Today, the President of the United States laid out his vision for restoring fiscal responsibility in a way that does not impede our...
Demos Senior Fellow David Callahan sits opposite of Philip Weiss, Senior Energy Analyst at Argus Research, and argues in favor of eliminating government subsidies and tax breaks for big oil companies — companies like Exxon Mobile and Royal Dutch Shell that recently reported first-quarter profit...
The American middle class did not create itself in the 20th century. Rather, a post-war model of robust public investment in our nation’s people and institutions (despite high deficits) led to unprecedented shared prosperity. But if current trends continue, the middle class may not be recreated in...
A left-leaning policy group concerned about economic fairness has released a report card on various budget proposals – and, perhaps not surprisingly, the House GOP fiscal 2012 plan doesn’t fare so well. In fact, Demos gives the budget largely fashioned by Rep. Paul Ryan (R-Wisc...