Without protecting and expanding public pension systems, black retirees may lose much of the retirement security they have gained in the last 50 years, a new Demos report finds. The public sector has long been a strong source of employment for African Americans, with 21.2 percent of all black women and 15.4 percent of all black men working in the public sector.
In 2014, public pensions and Social Security together accounted for 57 percent of black retirees’ income compared to 49 percent for white retirees.
Washington, DC – Less than a day after his first nominee for Labor Secretary, Andrew Puzder, withdrew his name due to unprecedented opposition from workers, legislators and advocates, President Donald Trump announced his new choice to run the Department of Labor, Alexander Acosta. Tamara Draut, Vice President of Policy and Research at Demos, issued the follow statement:
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.
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.
August 2, 2017 (New York, NY) – In response to reports today that the U.S. Department of Justice plans to investigate higher education institutions’ affirmative action policies, Heather McGhee, President of Demos and Demos Action, issued the following statement.
On August 31, Federal District Judge Amos Mazzant of Texas issued a ruling striking down the U.S. Department of Labor’s update to federal rules on overtime pay. Demos Associate Director of Policy and Research Amy Traub released the following statement:
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:
New York, NY – Today, Heather McGhee, President of Demos, issued the following statement after the U.S. House of Representatives and U.S. Senate passed the GOP Tax Scam:
“Today, Congressional Republicans proved once again that they will stop at nothing to enrich the millionaire, billionaire and corporate donors to whom they are beholden—despite the severe cost that will now be paid by working- and middle-class families.
The true source of America’s greatness is the diversity of our people. Almost 1 in 4 Americans is an immigrant or the child of an immigrant, and with the upcoming vote on the budget, it’s time for Democrats and Republicans alike to finally pass the DREAM Act. As Congress takes up the spending bill, which may be voted on tonight or tomorrow, Demos urges the leadership of both parties to protect young immigrants whose status is on the line by including a clean DREAM Act in the bill—and to reject the bill if a clean DREAM Act is not included.
With unemployment above 9 percent, creating more jobs is an urgent priority for the United States. But it is difficult to have a sensible debate on how to spark job growth given the myths and misinformation that surround this issue. Specifically, many political leaders and analysts wrongly point to three culprits in explaining weak job growth: government regulations, the new healthcare law, and taxes. None of these explanations hold up under closer scrutiny.
The biggest domestic policy failure has been the refusal of top officials in the White House and in Congress to recognize the severity of the employment crisis that has settled like a plague over American workers.
Do Republicans in Congress care about creating jobs -- which polls say is the number one issue for voters -- or about ideological purity? The ongoing debate on Capitol Hill over President Obama’s $447 billion jobs package offers a crystal clear answer to that question.
Fiscal hawks love to remind us that interest payments on the national debt will be a major driver of future U.S. budget deficits. Just last week, the Committee for a Responsible Federal Budget (CRFB) published a doom-and-gloom paper that noted that interest payments were the single fastest growing part of the U.S. budget and the most volatile area of future spending.
Progressives both in and outside New York City are super excited about Bill de Blasio running City Hall. President Obama summed up those feelings in his endorsement yesterday of de Blasio, saying that his ideas for universal pre-K and affordable housing could make him a "great mayor."
One of the most alarming aspects of a possible default is also one that gets the least attention: A default would raise the cost of federal borrowing, perhaps for years to come, and send the deficit soaring.
If Treasury securities become, well, less secure, the United States will have to pay investors more to buy them. Hence higher interest rates on new debt that is issued.
Those Bush tax cuts are a gift that just keeps on giving. They are a big reason the national debt is so high, requiring huge interest payments, and a big reason that the Treasury faces such large shortfalls every month between what comes in the door and what goes out.
Yet, somehow, conservatives have managed to spin the national debt strictly as a "spending problem." And strangely, Democrats have largely let them do that with barely a word about how low taxes got us in this jam.
Assuming some short-term deal emerges in Washington to avert a default, pending later budget talks, we all know what comes next: Another dead-end debate over taxes.
Why? Because if there's one issue that conservatives in Congress are even more implacable about than Obamacare it's taxes -- as in, no new taxes, ever.
