Before Reagan working people benefited most from economic recoveries. After Reagan, the top 10% benefited more. After 2000, 90% of us continued to fall behind – when we opened "free trade" with China.
Ask people what they think of NAFTA and you'll learn that people get it. People absolutely hate "NAFTA-style" trade deals. People are voting based on this – when given the chance.
Extortion is the practice of obtaining something of value through fear, using force, threats or coercion. What does it mean when the owners of big companies say they will move if we don't cut their taxes? This is extortion.
As fast-food workers across the country strike for decent pay, Burger King is still preparing to abandon the US as their home country. How does a burger company get flipped like this and who gets rich when it happens?
Corporate taxes used to be 46 percent. Corporations played an extortion game, saying lower our taxes or we'll move out of the U.S. The U.S. gave in and "reformed" the tax rate to 35 percent. Now the corporations are back for more.
Republicans have obstructed every effort to help the economy. In the Senate they filibustered hundreds of bills. In the House they refused to allow votes on efforts to help the economy. And then there's the sabotage.
We were able to fight back against Social Security cuts, against tax cuts for the rich and corporations, for gay marriage and LGBT rights, women's health and pay, climate... Let's demand full employment, too.
Passenger service agents at American Airlines on Tuesday voted to be represented by a union. The vote was described as “overwhelming,” with 86 percent voting in favor. Politico called this a “historic win.”
The legislation will help create local manufacturing "ecosystems" that bring together the necessary components for a particular kind of manufacturing come together, so that industry can grow up around them.
Republicans in the Senate on Monday unanimously filibustered the Paycheck Fairness Act. Did you see this on the news? Did you hear about it on the radio? Did you read about it in your local paper?
Originally sold as protecting investors from "banana republic" dictators our "NAFTA-style" trade agreements now are protecting giant corporations from the efforts of citizens in democracies to make their lives better.
With polls showing most Americans just hate companies that renounce their U.S. citizenship to dodge paying their taxes, the DC/corporate-centric outlet Politico says Democrats are making a mistake by pushing this issue.
The letter asks for a new process for reaching trade agreements in which Congress has a role in selecting trade partners and in which Congress sets up a set of negotiating objectives that must be achieved.
New York Democratic Senator Chuck Schumer has introduced a bill aimed at fighting the corporate tax-dodging practices of "inversion" and "earnings stripping" which involve use on non-US affiliate companies.
Are We the People the boss of the corporations, or are the corporations the boss of We the People? The Securities and Exchange Commission (SEC) needs to be reminded which way that question is supposed to be answered.
The Senate is considering the Democracy For All Amendment to undo the damage the Supreme Court did with their Citizens United and other rulings that allow corporations and billionaires to purchase our elections.
Thursday, bad trade numbers. Friday. bad manufacturing job numbers. A path to election victory lies in drawing the connection: Democrats should be advocating a different trade policy.
We reached a new job-sucking record with China. We continue to import much more than we export. That means a net loss of jobs and decline in living standards, month after month, year after year.
Workers in union-friendly states earn more than those in anti-union states, and pay more taxes to subsidize low-wage earners in the anti-union, right-to-work states.
Everyone understands that government officials who “play ball” can get a huge paycheck after leaving government if they help certain big businesses while serving in government.
The rules set down in our democracy can’t be enforced unless We the People can organize to be powerful enough to overcome the great wealth and power of a few ultra-billionaires and their corporations.
From the ruling: "Abraham Lincoln reportedly asked, “If you call a dog’s tail a leg, how many legs does a dog have?” His answer was, “Four. Calling a dog’s tail a leg does not make it a leg.” "
An idea that the Campaign for America’s Future has been promoting is gaining traction. The technical name for it is “Single Sales Factor Apportionment” but it just means tax companies based on how much they sell here.
Remember when all those veterans died waiting to get care? That was then, this is now. The scare story that week was VA deaths. The thing we are all supposed to be afraid of and upset about this week is … something else. Till next week.
Legislation to do something about corporations renouncing their U.S. "citizenship" is before Congress. The odds are that Republicans will block it – and not just because they have obstructed everything else.
Every part of Burger King’s success was enabled up by our taxpayer-funded American system. Now Burger King wants to take off from the country that made them what they are. But they still want us to eat their food.
South Korea and seven other countries were found to have been selling steel piping and fittings at below-market prices in an effort to put competitors out of business. This is a big deal for the U.S.-based steel industry.
Europe's governments are learning that spending cuts slowed economic growth and actually increased deficits. Meanwhile, America's "Great Recession" also drags on thanks to cutbacks in government spending.
Trade is supposed to be balanced. Instead we have been running continuing trade deficits since the late 1970s. A former assistant Commerce secretary has offered a new plan for balancing trade.
If the President tries to stop their effort to dismantle the government they will resort to their time-tested fall back position: just shut down the government. And, of course, blame anyone but themselves.
Corporate tax rates used to top out at 52.8 percent. They are now 35 percent. Now they want rates lowered even more. But are corporate tax rates really "uncompetitive?" And what does that even mean?
The idea of American corporations renouncing their citizenship to get out of paying for the services that they will still be using has pushed public opinion over the edge.
Cato and Reason have been sounding the alarm about the militarization of our police departments and the potential consequences. But there have also been plenty of “liberal” and other sources trying to raise awareness of this issue as well.
The economy is improving and the behind-the-scenes numbers that economists and business types pour over look better than they have looked in a long time. But the voters Democrats need just aren't feeling this.
What's the old Republican saying? "When I vote for a Republican, I want the real thing. I accept no substitutes." What's the old Democrat saying? "If I can't find a real Democrat to vote for I guess I'll just stay home."
Problem: Your right-wing brother-in-law is plugged into the Fox-Limbaugh lie machine and keeps sending you emails about "Obama spending" and "Obama deficits." Here are three "reality-based" charts to send to him.
As Yogi Berra says, "If something is unsustainable, it can't be sustained." At some point consumers will no longer be able to consume. But that will not occur in this quarter, which is what matters to Wall Street.
A Republican Senate candidate comes out against the Trans-Pacific Partnership. Two open letters from members of Congress question it. A former WTO director-general warns about it. And there are actions you can take.
Walgreens has announced that it won't do an "inversion" that will enable it to cut its corporate taxes by renouncing its U.S. citizenship. But we still need to deter other companies from going that route.
A great way to bring tons of manufacturing and other jobs to the economy would be to just fix our infrastructure. We have to do this anyway, and it gets more expensive every day that we wait to get started.