Studies have shown that policy most reflects the preferences of the most wealthy members of society and that those preferences do not reflect the greater public opinion on issues including the economy.
Employees would likely contribute less to IRA accounts
If the proposal passes, there is a strong indication that U.S. workers will either shift their savings to Roth Individual Retirement Account (IRA) accounts, where contributions are taxed immediately or employees and employers will contribute less for retirement.
With only the wealthy funding and communicating with the campaigns of elected officials, politicians are incentivized to make policy decisions that align with their donors’ interests, not those of their broader constituency. But the elite donor class holds views that don’t align with the general public’s, as a 2016 Demos study detailed.
Another solution — though one that is often a struggle to achieve — is to unionize, which has worked before in industries like teaching, policing, and manufacturing. “If retail workers were able to organize strong unions across the country, there’s no reason retail jobs couldn’t be good jobs like manufacturing jobs,” Amy Traub, Associate Director for Policy and Research at public policy organizationDemos, tells Bustle.
From the day he launched his campaign with dire warnings about border-crossing “bad hombres,” Donald Trump has preyed on some Americans’ worst biases around immigration. Trump has since exhorted Congress to allocate tens of billions of dollars for a border wall, stepped up arrests of immigrants, separated Latino children from their parents, and pushed to expedite deportations. [...]
In a recent study, I compared the damage from shoplifting with that from just one form of wage theft, the failure to pay workers the legal hourly minimum.
Today, with health coverage for maternity care threatened, child care costs outstripping the price of college tuition, and nearly a quarter of new mothers forced to return to work two weeks or less after giving birth, we are making it extraordinarily difficult for anyone but the ve
Donald Trump and his billionaire Cabinet are proposing even bigger tax cuts for the wealthy when what we need is a fairer system that allows our nation to meet the needs of its people.
It's one of the biggest financial decisions you'll ever make: choosing what to do with your 401(k) at retirement. That account may be the largest asset you will rely on for income in later life. You could leave it where it is or roll the money to investments inside an IRA. The right decision could give you hundreds of thousands of added dollars over a 30-year retirement. [...]
Twenty-seven progressive groups said in a Thursday news release provided to McClatchy that they would join a planned Tax Day protest of President Donald Trump, as liberal activists prepare for what might be the biggest demonstration against the White House occupant since the Women’s March on Washington in January.
More than 90 percent of voters (including 91 percent of Trump voters) say that it is important for Trump to nominate a Supreme Court justice open to limiting big money in politics.
The throngs of protesters who attended the Women’s March on Washington, and who continue to demonstrate at airports, town halls, and on city streets around the country, have made clear that opposition to Donald Trump’s radical Republican agenda will be sustained and powerful. But to earn the trust of the majority of Americans who reject Trumpism, Democrats will have to go beyond simple resistance. They’ll have to show that if voters restore them to power, they’ll actually improve the lives of working families. [...]
With the court split 4-4 on this and other issues, the stakes couldn’t be higher. Mr. Gorsuch’s record suggests he’s not the person to shift the tide toward building a democracy in which the size of our wallets doesn’t determine the strength of our voices. Senators must press for clear answers.
Women workers can keep the pressure on city- and state-level legislators ahead of the 2018 midterm elections.
"Find out what your city council is doing in terms of a fair working wage, paid leave, and paid sick days. Get those on the agenda. That is a lever that is much easier to influence."