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.
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.
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.
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.
As he's packed his proposed Cabinet with wealthy white men, President-elect Donald Trump has been criticized for assembling an administration that doesn't look like America, much less the "forgotten men and women" on whose behalf he claimed to have campaigned.
Washington, D.C., is the latest jurisdiction to consider legislation to prevent employers from conducting credit history screens for most job applicants.
Currently 11 states, New York City and Chicago have passed legislation limiting the use of credit checks in the hiring process. The states include California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Nevada, Oregon, Vermont and Washington.
D.C. Council member Kenyan R. McDuffie said he will introduce emergency legislation to bar contributions to political action committees during non-election years in an effort to close what some view as a major campaign finance loophole before the start of 2017.
“It’s important that we address the issue as soon as possible, before Jan. 1,” McDuffie (D-Ward 5) said. “There’s a lot of support for it from what we’ve seen from the public in general.”[...]
Imagine a rich person. For most Americans, the image that comes to mind is a wealthy white man. While white men certainly make up a disproportionate share of the wealthy, there is growing diversity among the wealthiest members of society. Given the increasing political salience of racial justice and gender equity, this diversity could have impacts on policy. I find that there are indeed large differences between rich men and rich women (defining that group as those earning more than $150,000 a year), as well as between rich white people and rich people of color.
Campaign finance reform crusaders on Wednesday lauded a D.C. Council measure that would forbid political action committees from raising unlimited funds in nonelection years and ban businesses from donating to candidates who could influence their contracts with the city.
The “Campaign Finance Transparency and Accountability Amendment Act of 2016” is part of a bevy of bills aimed at increasing the political distance between candidates and businesses in the District.[...]
Our city governments make decisions that affect us most, yet we know very little about the ways that money influences them. In a previous post I explored new evidence that people of color are not well represented by their councils. One possible reason is the overwhelmingly white municipal donor classes.
Federal deficit hawks in Congress, driven by ideology and the campaign donations of, for lack of a better term, millionaires and billionaires, held yet another hearing last week about the national debt — but U.S. lawmakers continue to ignore the debt that is causing real trouble for the nation.
The debt danger Americans should really worry about comes from credit cards and student loans.[...]
Amid soaring inequality and stagnant wages, consumers in the United States collectively accumulated a stunning $34.4 billion in credit card debt during the second quarter of 2016 alone, according to a new report from the personal finance website WalletHub.