by Bill Scher | Sep 17, 2010 | Blog
As the President and congressional leaders propose letting the Bush tax cuts expire for those earning more than $250,000 a year, conservatives in Congress are screaming "class warfare!" Of course, if establishing different tax rates for people with different incomes...
by Richard Eskow | Sep 17, 2010 | Blog
Sometimes our political commentariat seems to go fashion-crazy. When a new trend gets popular it overwhelms everything in its path: logic, poltical divisions, even expert opinion. The latest vogue is deficit reduction, and our nation's Anna Wintours tell us we simply...
by Isaiah J. Poole | Sep 16, 2010 | Blog, Economy
Senate Finance Committee chairman Max Baucus has introduced a bill today that is a frankly unadventurous mix of jobs initiatives and tax incentives, with a healthy dose of loophole-closings to make sure that it can be presented as revenue-neutral. (Don't accuse Baucus...
by Mary Bottari | Sep 16, 2010 | Blog
American taxpayers bailed out the big banks. Now many of those banks are returning the favor by extending credit to payday lenders who sucker consumers into a spiraling debt trap. That is the claim in a new report published this week by National People’s Action (NPA),...
by Dave Johnson | Sep 16, 2010 | Blog, Economy, Making it in America
Today the US Trade Representative (USTR) Ron Kirk filed two complaints with the World Trade Organization (WTO). The first alleges that China is keeping American credit and debit card companies out of their electronic payment market. The second is a "dumping" (selling...
by Leo Gerard | Sep 16, 2010 | Blog
China is disrespecting America. The Asian giant is an international trade outlaw, and U.S. manufacturers and workers are its crime victims. China illegally subsidizes its export industries and unlawfully manipulates its currency. That kills U.S. industry and destroys...
