New York, NY – Today, the Republican-led U.S. Senate voted on strictly partisan lines to approve a new tax plan that will increase taxes on working- and middle-class Americans while lowering taxes on billionaires and wealthy corporations. In response, Tamara Draut, Vice President of Policy and Research at Demos released the following statement:
This report presents findings on the use of public transit by people of color and on the potential jobs benefits that people of color can gain from investments in public transit.
A 2013 survey by Demos, a public policy organization that combats inequality, showed that 10 percent of respondents who were unemployed had been informed that they would not be hired because of some facet of their credit history. The same survey indicated that 1 out of every 7 job applicants with “blemished credit histories” had been told they were not hired because of their credit history. [...]
Simply put, black families in the District overall have less wealth and income than white families — and therefore have less ability to give to political candidates. This helps explain why black D.C. residents are underrepresented year after year in political donations.
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.
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.
Even before the Equifax breach, the integrity of credit reports was murky at best. A Federal Trade Commission report found that as many as one in five consumers had a credit error from one of the top reporting agencies (Equifax, Experian, and TransUnion). But the fundamental problem isn’t data integrity—it’s economic justice. According to a survey by the think tank Demos, declining credit was associated more with misfortunes and unforeseeable crises than with a lack of financial responsibility.
The Congressional Black Caucus budget should be implemented because it calls for racial equity in future infrastructure and investments; improving public transit infrastructure, noting that people of color are heavy users of it; and school infrastructure, saying that modernized buildings held reduce achievements gaps.
Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.
July 21, 2017 (New York, NY) – In honor of the sixth anniversary of the creation of the Consumer Financial Protection Bureau (CFPB), Tamara Draut, Vice President of Policy and Research, issued the following statement.
Washington, DC – Today, Demos, Every Voice, People for the American Way, and 23 other organizations sent a letter to the Senate Judiciary Committee opposing John Bush’s confirmation to the United States Court of Appeals for the Sixth District and Damien Schiff’s confirmation to the Court of Federal Claims. The organizations opposed Bush and Schiff due to their troubling views on the issue of money in politics.
New York, NY - With the House of Representatives poised to vote on H.R. 10, the Financial CHOICE Act, Amy Traub, Associate Director, Policy and Research at Demos, issued the following statement:
Tuesday, May 23 (NEW YORK, NY) – Tamara Draut, Vice President of Research and Policy at Demos, a New York-based public policy organization and think tank, issued this statement following the unveiling of President Trump’s full budget to Congress:
“The deeply alarming budget released by the Trump administration today would wreak havoc on working- and middle-class people, including many of the very people who sent him to the White House, by cutting services and programs that support our most vulnerable communities.
New York, New York — Today, Demos, Every Voice, People for the American Way, and 21 other organizations sent a letter to the Senate Judiciary Committee opposing Judge Amul Thapar’s confirmation to the United States Court of Appeals for the Sixth Circuit. The organizations called into question Judge Thapar’s troubling record on money in politics, noting that they are deeply concerned with the growing role of big money in American politics.
April 26, 2017 (New York, NY) – In response to Donald Trump’s proposed tax plan, Tamara Draut, Vice President of Policy & Research at Demos, a NY based public policy think tank, issued the following statement:
“This tax proposal shows once again that Donald Trump is no populist, but rather is hewing to traditional conservative and Republican philosophies, including doubling down on the failed experiment of trickle-down economics.
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.
If you’re a senior struggling with credit card debt like Green, you’re not alone. In 2012, for the first time, middle-income households headed by someone over 50 years old carried more credit card debt on average than households of people younger than 50, according to the Demos National Survey on Credit Card Debt conducted with AARP’s Public Policy Institute. Half of those over 50 had medical debt on their credit cards, and a third said they used credit cards to finance daily expenses. [...]
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.