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.
On Sunday night, after umpteen interviews about rounding up 41 votes to filibuster Supreme Court nominee Neil Gorsuch, Senate Minority Leader Charles E. Schumer (D-N.Y.) called into the weekly “Ready to Resist” call organized by MoveOn and other progressive groups. He waited his turn. MoveOn’s Anna Galland reported that Sen. Jon Tester (D-Mont.) just joined the filibuster. Heather McGhee, the president of Demos, praised Schumer for listening to activists.
It's one of the biggest financial decisions you'll ever make: choosing what to do with your 401(k) at retirement. That account may be the largest asset you will rely on for income in later life. You could leave it where it is or roll the money to investments inside an IRA. The right decision could give you hundreds of thousands of added dollars over a 30-year retirement. [...]
It’s hard to imagine honest, revelatory, even enjoyable conversation between people on distant points of American life right now. But in this public conversation at the Citizen University annual conference, Matt Kibbe and Heather McGhee show us how. He’s a libertarian who helped activate the Tea Party. She’s a millennial progressive leader. They are bridge people for this moment — holding passion and conviction together with an enthusiasm for engaging difference, and carrying questions as vigorously as they carry answers.
New York’s plan is a step forward in returning to the days when students could work their way through public college without taking on debt. But the impact on reducing the need to borrow may be minimal, especially for first-generation, low-wealth students.
New York approved a state budget Sunday that included the Excelsior Scholarship, which will allow students whose families earn less than $125,000 a year to attend state public colleges and universities tuition-free.
Occupy Wall Street has, in the words of John Paul Rollert, “come to embody a common sense that something is wrong with American capitalism.” The problem Rollert points to is not with capitalism itself, but with a particular American version that has ceased to work for broad cross-sections of its population. Given America’s Depression-level income inequality and near-record levels of public and private indebtedness, it is extremely tempting to focus on bad outcomes as the problem.
The constitutional challenge to the 2010 Affordable Care Act (ACA) draws much of its rhetorical force not from the Commerce Clause, but from the perception that the insurance mandate infringes on individuals’ private liberties.
Last summer, on her final day as the Chairman of the FDIC, Shelia Bair decried the short-termism that has overtaken both Wall Street and Washington, where “[o]ur financial markets remain too focused on quick profits, and our political process is driven by a two-year election cycle and its relentless demands for fundraising.” This short-termism has taken hold of the reins of our larger political system and increasingly characterizes policy initiatives at every level of government.
The Boston Review recently hosted a forum titled, How Markets Crowd Out Morals, in which Michael Sandel wrote the lead essay, arguing that we as a society should be questioning which institutions we allow to be defined by market norms.
A left-leaning policy group concerned about economic fairness has released a report card on various budget proposals – and, perhaps not surprisingly, the House GOP fiscal 2012 plan doesn’t fare so well.
If Cuomo's SAGE Commission decides against recommending the elimination of defunct authorities, a bill introduced in the state Legislature would eliminate 118 of them. Sen. Andrea Stewart-Cousins, D-Yonkers, and Assemblyman George Latimer, D-Rye, are pushing that legislation.
Report: A "Realistic Solution" To The "Long-Term Budget Outlook" Includes "Rebalancing The Tax Code And Increasing Tax Revenue From Those Most Able To Pay." In a November 2010 report titled, Investing in America's Economy: A Budget Blueprint for Economic Recovery and Fiscal Responsibility, Demos, Economic Policy Institute, and The Century Foundation laid out a "blueprint" for a "strong economic recovery" and "deficit reduction." From the report:
Let's check out some numbers. There are, right this very moment, more than a billion computers worldwide. Two hundred million televisions were sold is 2009 alone. Eight million dashtop GPS units were purchased in 2008. One hundred and ten million digital cameras were sold in 2009. Apple blew out 20 million iPods in just the first quarter of that same year.
But a national debt of more than $14 trillion makes us vulnerable because our economy is the wellspring of our military might, as well as the happiness and self-confidence of a fully employed people.
