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The Senate Finance Committee wrote an open letter last month to the rest of the Senate calling for tax code reform suggestions. The due date for proposals was this past week. Among other parts of the code, the charitable tax deduction faces potential overhaul.
If you grew up in an upper-middle-class American family, there's a good chance that you are now doing worse than your parents. That is one of the findings of the big new study on economic mobility that has gotten so much attention this week.
Many people on public assistance do not know that it is federally mandated—under the National Voter Registration Act—that they receive the opportunity to register to vote every time they visit a public assistance agency.
(NEW YORK, NY) – In the wake of the recent passage of disastrous legislation that would repeal North Carolina’s successful Same Day Registration policy and implement barriers to voting, Demos President Miles Rapoport issued the following statement:
I am of course glad to see President Obama focus the country on what he correctly identifies as the most pressing national problem, the crushing of the middle class. The solution he laid out in his address at Knox College, a middle-out economics which sees the middle class as the engine of the economy, is both good economics and a powerful political message. It is what progressives and Democrats need to keep emphasizing over and over again, both rhetorically and in their legislative agendas.
President Obama laid out a compelling vision for rebuilding the middle class yesterday, but he largely sidestepped the all-important question of whether U.S. workers can compete, long-term, with lower paid workers in places like China, India, and Mexico.
I am of course glad to see President Obama focus the country on what he correctly identifies as the most pressing national problem, the crushing of the middle class. The solution he laid out in his address at Knox College, a middle-out economics which sees the middle class as the engine of the economy, is both good economics and a powerful political message. It is what progressives and Democrats need to keep emphasizing over and over again, both rhetorically and in their legislative agendas.
Last week, my colleague Joe Hines analyzed how impossible it was to live on the budget McDonald’s outlined for its employees. Among many issues, McDonald’s budget assumed each employee had a second job to help ends meet.