The top one percent of working Americans only pay Social Security tax on the wages they earn during the first six weeks of the year. The rest of the year is a tax holiday. Is that fair?
Class war is precisely what we've been seeing for decades now – but it's been waged for, not against, the wealthy. Republicans on the Senate Budget Committee opened up a new front in that war Wednesday.
This presentation, "Deconstructing the Corporate Case for Fast Track, One Argument at a Time" – based on my recent post on the topic – will help you make the case against the Trans-Pacific Partnership.
Tom Edsall at The New York Times argues that the Democrats should be worried because of "how far the Republican Party has traveled." But let's not overstate the case.
Silicon Valley companies dodge taxes, and use some of the money to build luxurious, private bus lines for their employees. The rest of us are, literally, stuck with the result of these companies' tax scams.
Sometimes, CEOs don’t fight failure. They bet on it. Now the Securities and Exchange Commission is finally moving, ever so slightly, against wagers that reward CEOs when their companies fail.
In the House there was a "Currency 101" briefing describing the damage currency manipulation does to our economy. In the House and Senate bills were introduced to do something about that damage.
More than 5,000 USW members nationwide are on unfair labor practice strikes demanding corporations respect their bargaining rights and the rights of workers and communities to safety.
Sen. Bernie Sanders asked Federal Reserve chair Janet Yellen to explain her inaction and the Fed’s silence on Greece’s stand against austerity. The stakes are too high for the U.S. to let Greece go it alone.
Will white workers still hate the stimulus if the economic recovery it helped spur begins to raise wages? Will they still hate Obamacare if it wins the fight against health cost inflation?
For years people have been running around Washington yelling that the United States was at risk of becoming Greece. There may actually be a basis for such concerns, but not for the reason usually given.
Knowing the science behind political stubbornness, here's what's going on inside the minds of persuadable voters and five rules for dealing with confirmation bias and negative triggers.
The Institute for New Economic Thinking shows how without a dramatic shift in policy, we'll be divided into a small minority with fabulous wealth and a permanent underclass with few hopes or prospects.
This week, conservatives’ anti-science agenda blew up in their faces, Republican Aaron Schock landed in hot water for his interior design choices, and Bobby Jindal got an enlightening makeover.
The following things would employ tons of people, and bring a long-term economic return far above any “cost.” Why don't we do them? Because the status quo benefits a few extremely wealthy people.
The U.S. has run huge trade deficits for decades since the "free trade" ideology came to dominate. The world's economy needs honestly, democratically and transparently negotiated trade agreements.
Recently, government officials and politicians – from the Beltway to the heartland – have declared allegiance to do what has been, up until now, the unmentionable: Spend more money on public education.
Jeb Bush's speech to the Detroit Economic Club pledging to close the "opportunity gap" is strikingly similar to George W. Bush's 1999 stump speech touting "compassionate conservatism."
Every day brings more headlines in the European debt drama. What's behind it? What does the future hold? Are there any implications for the United States? Here's an overview of the situation as it currently stands.
The core conservative "freedom" argument that that government is illegitimate and we should all rely on our own "personal responsibility" came up against reality in the last few days. Conservatism lost.
We've accepted the downsizing of government without a struggle, and that needs to change. That means reclaiming the voice and spirit of an independent left, without fear or apology.
In the broader struggle for the soul of the Democratic Party, Chicago is ground zero. A movement called "Reclaim Chicago" is leading a independent political effort to upend the corporate rule of Mayor Rahm Emanuel.
Workers were the victims of austerity’s slashed public services, wages and jobs. Those demanding austerity – the 1 percent - and those imposing it - conservative politicians - escaped its bitter effects with shields of cash.
Are congressional Republicans ready to have an honest debate between to competing budgetary visions for America? Nope. Just bogus attacks that try to kick up enough sand so we can't have an honest debate.
Can we trust Oxfam’s latest dramatic numbers on global inequality? Two of the world’s top policy wonks don't think we should. But their pushback is getting pushback aplenty.
This year's budget battle is important because it gives progressives an opportunity to explain why austerity economics is a failure -- and to offer something better in its place.
The super-rich are getting ready to run away from the mess they’ve helped create. But instead of holding off the barbarians at the gates, they are the barbarians.
When deciding whether to agree with you, people rely on emotion and ingrained beliefs far more than facts. Let us explore why people’s brains work this way and use the information to restructure our arguments to make them more effective.
This budget pushes the country back toward sanity and has many steps in the right direction. But there is still a long way to go.
The president's budget will trigger a new battle over America's direction. It contains many sensible proposals. But hidden in it is the next corporate sting: a massive tax break for multinationals. Here is how the rules get rigged.
A discussion with Ted Cruz, Rand Paul and Marco Rubio shows in stark relief how Republicans are trying, and failing, to be seen as the party of the middle class.
This week, we saw the beginning of the end of conservatives’ love affair with Sarah Palin (maybe), and almost said farewell (but probably not goodbye) to a regular on “Wingnut Week In Review.”
How many companies are already shifting even more jobs and profit centers out of the country because of this proposed tax holiday? Have we already lost 10,000 jobs since they announced it?
Where can Democrats find clarity in the current debate over how to rewrite No Child Left Behind legislation? Senator Warren has provided a powerful corrective message that Democrats everywhere should heed
The U.S. Supreme Court has heard oral arguments in a very important fair housing case, and the Justices’ comments from the bench have had court watchers buzzing. Here’s my take on what the legal back-and-forth does and does not mean.
The promoters of fast track say we need “trade” agreements to open up markets and increase exports. But only part of the agreements are about trade. Here's what's underneath the corporate case for fast track.
The recent Report of the Commission on Inclusive Prosperity may provide a leading indicator of Hillary Clinton's economic views. The mainstream gets it that the rules are rigged, but can't admit who did it.
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans.
McDonald’s is scrambling, and I’m not talking about eggs. Its McManagers illegally reduced the hours (and therefore the pay) of hundreds of those who joined the “Fight For 15″ campaign.
The Republican Congress, making overhauling the Social Security disability program one of its first orders of business, put in place a rule change that would make it difficult to address a projected funding shortfall.