On Tuesday, December 13th, the Congressional Progressive Caucus unveiled the RESTORE the American Dream for the 99% Act. The bill, if passed, would create more than 5 million jobs and save more than $2 trillion. This is a comprehensive plan to put America back to work by reversing the failed policies of the past, which the “Super Committee” could not achieve.
Comprehensive and meaningful systemic risk reform must undo many of the ill-advised deregulatory measuresof the past 20 years, including the four key changes wrought by the Gramm-Leach-Bliley Act.
Young adults have an enormous stake in the financial regulatory reform debate. They have paid a high price for a banking crisis caused by lax regulation, and their economic futures will depend on rebuilding strong public structures for financial regulation going forward. This briefing paper addresses some of the key reforms and the impact of both the banking crisis and unregulated lending practices on young Americans' financial futures.
Give states additional Child Care and Development Block Grant funding to double the number of children served by child care assistance, make the federal Child and Dependent Care Tax Credit refundable, and expand Head Start and Early Head Start.
Home ownership is commonly understood as the quintessential marker of having arrived in the middle class: a family’s home is often the single largest asset that they own and has traditionally served as an important vehicle for wealth accumulation and economic security.
Social Security remains our nation’s key source of retirement income for most Americans. The program’s overall health is sound and with relatively modest tweaks to the program’s financing, we can strengthen the system for generations to come.
Supporters of a higher minimum wage, however, remain undeterred. "Wal-Mart's business model is pretty simple," said Amy Traub, an associate director of policy and research at equality advocacy group Demos, at a recent debate hosted by Intelligence Squared U.S. (IQ2) in New York.
Our analysis shows Trump accelerated a realignment in the electorate around racism, across several different measures of racial animus—and that it helped him win. By contrast, we found little evidence to suggest individual economic distress benefited Trump. [...]
"From coast to coast, American families are trapped between the need to provide care for their young children or sick loved ones and the necessity of earning income. Our nation has a responsibility to address this crisis, and yet, the Trump administration’s proposal falls far short. An adequate plan would provide paid leave to working people recovering from temporary disability, offer at least 12 weeks of paid leave to new parents, and enable Americans caring for aging parents to take leave as well.
The American Society of Civil Engineers gives America’s infrastructure a D+ grade. No doubt, if they focused on just the infrastructure serving majority African American communities, America’s “black infrastructure” would receive a failing grade. A key purpose of racial segregation is to allow the dominant group to under-invest and under-develop the infrastructure serving the minority group. [...]
This difference stems largely from the historical advantages built into whiteness, and the severe historical economic cost of blackness. Many of these advantages were covered in the Demos and IASP report titled "The Asset Value of Whiteness."
Amy Traub for Demos: If you want to make crime pay — and get a lighter penalty if you're caught — you're better off cheating your employees out of their fair wages than trying to nick the latest video game console or pair of designer shoes off the shelves of your local retailer. [...]
