Walmart avoids paying on average $1 billion a year in federal taxes through aggressively exploiting tax loopholes, according to a report released today by Americans for Tax Fairness.
By Friday afternoon, we had met with Federal Reserve Board Chair Janet Yellen and – amazingly – seen that the Federal Reserve is already changing its policies in response to our campaign.
The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO study makes plain, the rich are winning. Big.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. That's one conclusion from new polling that gave Americans a choice of seven tax policy options.
For all the talk of change in Washington, families are getting squeezed by an economy that isn’t working for them. The solution requires recognizing the kind of changes needed if families are going to get a shot at building a secure future.
Any deal that in exchange for funding infrastructure lets these companies off the hook for these taxes they already owe rewards these companies for engaging in these schemes and scams.
This election wasn't just a failure for Democrats. It was a failure for democracy. Things won't change until we learn a lesson from the Election That Never Was.
Underneath it all, this election was a statement by people against an economy that is not working for them. Democrats failed to deliver a better economy and a better life for most people, and voters held them accountable.
In an otherwise dismal election, progressive populist victories on state ballot initiatives to raise the minimum wage reveal a way forward for Democrats who are paying attention.
Economists come up with complexities when a shave with Occam’s razor is all that’s needed. The bargaining power of most American workers is at a historical low point. The best way to restore it is to get the economy back to full employment.
Imagine: The year 2034, late October. America is no longer dependent on coal and foreign oil, and the economy is nearing full-employment. Coincidence? Or the result of a sustained and major investment in clean energy?
The "Survey of Young Americans’ Attitudes Toward Politics and Public Service" asked the wrong questions, and thus fails to paint an accurate picture of the challenges that underlie millennials' political beliefs.
Here we are a week from the election and the public doesn't know that Republicans again and again and again filibustered and obstructed and sabotaged things that would help the economy.
Our society runs on a digital myth, a myth which says that the technology-based economy is different, special and somehow not subject to the principles of mathematics and human nature that govern the rest of our lives.
America’s most powerful economic policy maker dramatically charges that inequality is choking off opportunity for average families. Political candidates across the nation pay absolutely no attention.
Democrats should to learn a lesson from this year's election campaigns: Democrats should be Democrats. Democrats should not try to run away from the things Democrats stand for. It doesn't work.
A new poll shows Republicans about to pull ahead of Democrats among likely women voters. Our latest Populist Majority memo points toward how Democrats can keep a key part of their base in the fold.
Once again, the Waltons — the exploitative multibillionaire heirs to the Wal-Mart fortune — get the goldmine, while workers and taxpayers are stuck with the shaft. It's shameful. But shameful is one of Walmart's core values.
According to a new report, the richest one percent have got their mitts on almost half the world's assets. Think that’s the end of the story? Think again. This is only the beginning.
Both Wall Street and Main Street want action. They want incomes, consumer confidence and purchases all to rise, triggering business profits to do the same. They’ve recognized the enemy to their bottom lines.
Economist Emmanuel Saez's latest paper says that the share of wealth going to the bottom 90 percent has fallen to where it was in the 1940s, while the top tenth of 1 percent have levels of wealth last seen in the 1920s.
If Republicans take the Senate, they promise severe cuts – or just force the government to shut down. But Europe's tragedy shows that cuts kill economies. What will happen if we enter another recession?
Some economists blame upward redistribution of income, which reduces overall demand, for excessive unemployment. However, upward redistribution is only part of the explanation. The trade deficit is a much bigger part of the picture.
Yes, taking money out of the economy actually takes money out of the economy. Yes, cutting the budget for fixing roads and bridges actually means they start to fall apart. Yes, cutting the health budget has an impact on our health.
We know from the childhood song that Old MacDonald had a farm. But e-i-e-i-o — look who’s got his farm now. It’s outfits like American Farmland, Farmland Partners, and BlackRock. These aren’t dirt farmers wearing overalls and muddy boots.
Why is it that any time you hear the word “reform” coming out of Washington it always ends badly for about 99 percent of us? Here are some actual reforms that are need for corporate tax reform.
Undoubtedly there are positives to Eric Holder’s tenure as attorney general, but one really big minus is his decision not to prosecute any of the Wall Street crew whose actions helped to prop up the housing bubble.
President Obama has talked about moving towards a nuclear weapons-free world, yet new research shows the U.S. still has a huge stockpile of nuclear weapons and efforts over the next few decades will increase it.
Google Chairman Eric Schmidt attracted attention when he announced that his company would no longer be funding the American Legislative Exchange Council. Now, companies from across the tech sector, and beyond, are following suit.
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.
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.
The more wealth concentrates, the greater the strain on our biosphere. Top environmentalists get that connection. Now our societies must.
Sexism. A culture of violence. Untrustworthy leadership. Runaway inequality. ... We’re not talking about America's top corporations. We're talking about the NFL.
Bill Clinton argues that corporate CEOs will soon care more about employees and society than profits. But today's CEO's are cashing out their own companies' futures to line their pockets. Sweet dreams won't change that.
Every couple of generations, the stars align to create the potential for monumental, transformative social change. It turns out we're in just such a moment when it comes to tackling poverty in the United States.
Two "inflation hawks" on the Federal Reserve's open market committee, Charles Plosser and Richard Fisher, will step down from the board in early 2015. That's a chance for working people to have their own representatives.
While the explanations that blame inequality on technology can get complicated, there were three items in the last week that painted the picture very clearly for the rest of us.
What does pure self-interest really look like? It looks an awful lot like Kim Kardashian. Or Paris Hilton. Or other recent manifestations of America’s celebrity culture.
These pictures create a paint-by-numbers picture of a lifelong losing game. The middle class and working poor are increasingly trapped in a downward slope that stretches from their golden youth to their sunset years.
Conservatives say marriage is the “ultimate anti-poverty program,” and claim that most of our economic woes would vanish if more people got hitched. A new study suggests "putting a ring on it" barely makes a dent in poverty.