The floor is falling out from under workers, and it is long past time for Congress to rebuild the floor. The Fair Minimum Wage Act would increase the federal minimum wage to $10.10 an hour, raise the tipped minimum wage and index both to inflation.
We need a bold strategy to revive the middle class, not short-term schemes that waste money and ignore the challenges we face. This economy won’t work unless we rebuild the middle class.
A proposal to change the cost-of-living adjustment for Social Security benefits is a political trick, not a policy fix. Supporters of the chained CPI say it would lower costs and make the system solvent. Of course, it does so by cutting benefits.
We need more revenue to provide opportunity for all, reduce staggering inequality, grow the economy and end the jobs crisis. That has to be the objective of progressive tax reform.
Let's fix our politics and our economy so they work for the middle class and those who struggle to get there, not narrow economic interests. Here is a strategy for investing in our future as a country and for supporting working Americans.
We can’t continue to let countries like China rig their currency, target our industries and drive us into a race to the bottom. We need more trade, but it must be balanced trade. Plus, we need a "Make It In America" manufacturing strategy.
We don't have an "entitlements" problem; the real problem is runaway health care costs generally, driven by entrenched corporate interests. That's what we need to go after; cutting benefits is not the way to control costs.