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.
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.
Insurers justify the use of credit screening for insurance purposes by pointing to internal industry data showing that, on average, people with lower scores are more likely to make an insurance claim. The problem is, they don’t have a convincing explanation for why people with poor credit tend to make more claims.
Over the past decade or two, top transnational corporations -- including Apple, GE, and Google -- have figured out how to sidestep national tax collection systems, depriving governments of billions of dollars in revenues.
The Senate Finance Committee wrote an open letter last month to the rest of the Senate calling for tax code reform suggestions. The due date for proposals was this past week. Among other parts of the code, the charitable tax deduction faces potential overhaul.
I value what my dad thinks about things like romance and politics, but I avoid talking to him about education. The university of his memory is generous and forgiving; the student-debt-financial complex of my current experience is not. Example: he could've discharged his education debt in bankruptcy if things didn't work out after he graduated in 1970. Should my career fail, student loans and I will continue to be quite monogamous.
Getting a bankruptcy court to erase student debt is an extremely difficult, expensive and time-consuming legal maneuver.
It's no secret that sales taxes are a regressive way to raise revenues. And the heavy reliance on such taxes across the country explains why state tax systems tend to clobber the poor while asking little of the rich.
Beth Simone Noveck and Carl Malamud are pushing the IRS to publicly disclose more data on tax-exempt groups, make it more accessible in electronic form, and to do so more promptly. Count me among the effort’s biggest cheerleaders. If this push succeeds, we'll have a better handle on a key sector in U.S. society—although we'll still be in the dark about crucial details of how nonprofits are funded.
Chief of Programs at Demos, Angela Hanks on Black employment in this jobs report, wage growth, and the Fed rate hike - what damage that could do to the economy.
NEW YORK – As millions of young adults begin their fall semesters across the nation, new findings from a national survey by policy center Demos reveal the relationship between college costs and credit card debt, and its impact on students and their parents.
The American middle class has been in trouble for decades, but this was not obvious until the recession of 2008 because consumer purchases held up. How was that possible? The simple answer is that financiers devised ways to loan money that severed the link between profits and middle-class wellbeing.
There are a bunch of good, practical arguments for giving low-wage workers a pay hike -- like the fact that putting more money in the pockets of these workers would spur consumer demand and economic growth.
But here's another strong point that you don't hear much about: Reducing wage inequality is crucial to meeting America's long-term fiscal challenges.
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.
The CFPB released a report this week that should serve as a reminder of what a functional Congress could accomplish. The report highlights the ways in which the 2009 Credit CARD Act has succeeded. Their findings:
