For far too long, brokers have been selling their older clients complex investments known as structured products. These products are so risky, and so costly in fees, that some of them are almost sure money losers. They entered retirement portfolios like Trojan horses, and then destroyed people’s life savings. Yet the financial meltdown of 2008 has not chastened Wall Street. Brokers and banks continue to sell these high-risk investments to people who can’t afford major losses.
A Washington Investment Trust will generate new revenue for Washington, save local governments money, and make our businesses less dependent on the Wall Street banks that have cut back on lending to small businesses and consumers in our state.
A Hawaii Partnership Bank will generate new revenue for Hawaii, save local governments money, and make us less dependent on big offshore banks that are dramatically reshaping life for families and businesses in Hawaii.
A Maryland Partnership Bank will generate new revenue for Maryland, save local governments money, and make our businesses less dependent on the Wall Street banks.
On March 29th, 2011 Public Works hosted a webinar on ways to take advantage of tax season as an opportunity to communicate a different story about the role of taxes in our country. While it focuses on Tax Freedom Day, it includes universal examples for any situation. This guide provides strategies for creating a better conversation about taxes. It examines the most common anti-tax narratives, offer lessons on how to respond to hypothetical questions, and include tips on avoiding common communication pitfalls.
Americans are famously concerned about values and personal morality. The United States ranks among the most religious of all the advanced industrialized democracies, and it has frequently experienced eras of intense moral introspection. The past several decades have been such a period, with heated debates over issues like abortion, drugs, divorce, homosexuality, and prayer in schools. Today, opinion polls show considerable public concern about the moral state of the country.
The link between corporate practices and the economic security of Americans has become a major focus of public debate over the past several years. The off-shoring of new kinds of jobs has garnered the most attention, but cutbacks in employee health benefits and the under funding of pension plans has also drawn scrutiny at a time when corporate profits have been robust and executive mismanagement has been widespread.
Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Seniors’ economic security, however, is being challenged by two simultaneously occurring trends: a weakening of the three legs of retirement security income and dramatically increasing expenses, such as for healthcare and housing.
New York, NY – Today,as Congressional battles threaten the future of the Consumer Financial Protection Bureau, the national policy center Demos published a new report that shows how failures of the credit reporting system — and the increasing use of the system's credit reports and scores for non-lending purposes — are having outsized and damaging effects on Americans' economic health.
Demos is a national, non-partisan public policy organization working for an America where we all have an equal say in our democracy and an equal chance in our economy. Demos’ lawyers, researchers, and advocates have extensive legal and policy expertise on money in politics. These comments are submitted in response to the Commission’s Notice 2014-12, an advance notice of proposed rulemaking (ANPRM). We appreciate the opportunity to comment on whether the Commission should modify its regulations in light of the Supreme Court’s ruling in McCutcheon v.
Dear Acting Director Mesenbourg,
We are writing about the consequences of the Census Bureau’s policy of tabulating incarcerated people as residents of prison locations, rather than at their home addresses. We write as organizations with an interest in ensuring fair and equitable representation for all people and communities.
Demos commends Connecticut for passing one of the strongest campaign-finance disclosure bills in the United States and recommends that the Governor promptly sign the bill into law. This is an important bill that will bring much-needed transparency to financing for political campaigns.
As former and present Secretaries of the State of Connecticut, we are very proud of our state for broadening our democracy by adopting a public financing system for our legislative and statewide campaigns. As former legislators, we understand intimately the fundraising aspects of standing for election, and as Secretaries of the State we have been responsible for administration and implementation of campaign finance laws.
Demos submits the following comments strongly supporting the proposed Department of Labor (Department) rule to amend Fair Labor Standards Act (FLSA) regulations by extending minimum wage and overtime premium pay to nearly 1.8 million low-wage home care workers. Demos is a non-partisan, non-profit policy research organization focused on rebuilding pathways to a more diverse middle class, and increasing democratic participation. This proposed rule will help lift hard-working Americans closer to the middle class, ensuring fair pay for women, especially women of color.
Dear Attorney General Holder,
We are concerned about the restrictive voter identification legislation pending or already signed into law in a number of states.
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