Economic expansions used to improve the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery the benefits of economic growth during expansions have gone mostly to the top 10 percent.
Republican populism is growing, as is the Democratic version, because the public wants it. And it’s not only the rhetoric that’s converging. Populists on the right and left are also coming together around six principles.
Since the 1980s, CEO salaries have skyrocketed from 30 to 280 times what typical workers earn. There’s no easy answer for reversing this trend, but a bill introduced in the California legislature creates the right incentives.
Republicans say they won't extend emergency unemployment benefits unless their cost is offset by cuts elsewhere in the budget. But they won't even consider offsetting the cost by closing tax loopholes for the rich.
Before January 2009, the filibuster was used only for measures and nominations on which the minority party in the Senate had their strongest objections.
A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage.
Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this Monday […]
Prominent Democrats — including the President and House Minority Leader Nancy Pelosi — are openly suggesting that Medicare be means-tested and Social Security payments be reduced by applying a lower adjustment for inflation.
Part of the President’s State of the Union message and of his second term agenda apparently will focus on public investments in education, infrastructure, and basic R&D.