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If you follow the stock market, you'll notice that big public companies are paying out all sorts of special dividends early to avoid a dreaded hike in taxes on such earnings. If the Bush tax cuts lapse, the top dividend tax rate will rise from 15 percent today to 39.5 percent on January 1. Or, if
Blog
David Callahan
Our nation is on the brink of a retirement crisis that could have severe consequences for both future retirees and society as a whole. The steady erosion in the voluntary employer-sponsored retirement system has made it more difficult for workers to save for retirement. This crisis will not only
Research
Teresa Ghilarducci
Robert Hiltonsmith
Lauren Schmitz
The share of workers without any retirement plan at work has risen dramatically over the past decade. The percentage of workers whose employer did not sponsor any type of retirement plan rose from 39 percent to 47 percent—a 21 percent increase.1 This alarming trend is a call to action for state and
Policy Briefs
Teresa Ghilarducci
Robert Hiltonsmith
At least one form of rampant speculation has been closed down. Mary Schapiro will step down from the Chairmanship of the SEC by the end of the year. One of her fellow Democratic Commissioners, Elise Walter will take over, leaving a vacancy on the five-member Commission and an even split between
Blog
Wallace C. Turbeville
Exit polls taken on election day leave little doubt that Americans care much more fixing the economy than lowering the defict. Nearly 60 percent of voters said the economy was the most important issue facing the country; just 15 percent named the deficit.
Blog
David Callahan
Only a few days into the Doha climate negotiations and the prospects for meaningful action seem dim. Russia, Japan, New Zealand, and Canada have already expressed their resistance to extending the Kyoto Protocol, the only legally binding agreement to reduce greenhouse gas emissions. Without an
Blog
J. Mijin Cha
Top Democrats and leading progressives are arguing that Social Security shouldn't be part of negotiations over the fiscal cliff. As Senator Richard Durbin plans to say in a speech later this morning: Social Security doesn't add a penny to the debt and should not be part of any deficit reduction
Blog
David Callahan
This Black Friday the lives of low-wage retail workers were thrust into the spot light as employees of a variety of stores weent to work on Thanksgiving Day and strikers descended on Walmart stores in 100 cities.
In the media
Alexis Kleinman
I had a few thoughts I wanted to share in response to Glenn Greenwald’s thoughtful reply to Mike Konczal and Jeremey Kessler’s Bloggingheads discussion re Citizens United.
Blog
Thousands of Walmart workers around the country are planning to strike on Black Friday, hoping to end retaliation they claim the massive retail chain’s workers receive when they speak out for better working conditions.
In the media
Jason Sattler