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Monday, May 21, 2018
Ben Carson, HUD

Carson’s HUD Will Triple Rents On Low-Income Households

Carson’s proposal is also expected to add work requirements for everyone who receives federal housing subsidies, according to the Washington Post. The latest figures show that about 75 percent of those receiving housing assistance are either working or recently worked.

April 26, 2018

Trump Declares War On The Poor — And Republicans Cheer

This move comes as outgoing House Speaker Paul D. Ryan (R-Wis.) said in interviews that it is the social services network that has made a trillion-dollar federal debt “inevitable.” Ryan said, “These deficit trillion-dollar projections have been out there for a long, long time. Why? Because of mandatory spending which we call entitlements,” he told NBC’s Chuck Todd.

April 25, 2018

Big Banks Reap Record Profits From Tax Cut

When President Donald Trump and the Republican Party pitched their bill to overhaul the American tax code, they promised voters that their plan was aa “middle-class tax relief.” As the law goes into effect, though, most Americans are seeing little benefit, while the big banks are raking in record profits.

April 21, 2018
Trump Tax Returns

What Trump Doesn’t Say About His Tax Plan

In a Tax Day essay under the byline of Donald Trump, the USA Today newspaper has allowed the 45th president to tell an utterly misleading story about the tax “reform” law he signed into law in December. The calculated deceptions in this piece matter a lot because the front page of that same newspaper declares “Exclusive: GOP banks on tax cuts to keep majority in Congress.”

April 19, 2018

GOP Tax Cut Fraud: ‘It’ll Pay For Itself’

Well, that’s what the nonpartisan Congressional Budget Office (CBO) said this week, anyway. Without blatantly labeling the GOP tax cut as a con, the CBO did say that it would in no way, not ever pay for itself. It would, the CBO warned, dramatically raise the national budget deficit, year after year, for at least a decade.

April 13, 2018
Trump, Executive Orders

Trump’s Tax Cuts Didn’t Benefit American Workers

Trump and Republican leadership have long touted their tax cuts as a massive boon to America’s working class, if not through direct tax reductions or refunds, then through the trickle-down effect of bonuses and wage increases from their employers who receive massive corporate cuts.

April 12, 2018

How The Greedy Undermine The Common Good

Sometimes, it’s useful to state the obvious. Here’s a fact, for example, that we all know to be true: America’s economy is enormous. It’s worth saying that out loud and repeating it to ourselves and others, because today’s Powers That Be (economic, political and media) are wrongly forcing a regime of austerity on our nation.

April 5, 2018
Foreign policy, Trump, Executive Order, Gag Rule

Trump’s China Trade War Will Affect Growth — And Votes — In Red States

On Wednesday, China announced tariffs worth $50 billion in retaliation against Trump’s just-imposed tariffs on Chinese steel, aluminum and high-tech goods. The Chinese will impose a 25 percent tariff on 106 U.S. products including soybeans, cars and chemicals, it announced. It will also target U.S. corn, cotton, beef, orange juice, whiskey, tobacco, and several lubricants and plastic products.

April 5, 2018
Ross, Trump

Ross Insisted On Controversial Citizenship Question In Census Survey

Secretary of Commerce Wilbur Ross’ decision Monday to add a controversial question on citizenship to the 2020 census came in the face of opposition from career officials at the Census Bureau who fear it will depress response rates, especially from immigrants.

March 28, 2018

Austerity’s Ghost: How Pete Peterson Will Keep Haunting Out Future

Peter G. “Pete” Peterson, the billionaire businessman and anti-government crusader, died last week at the age of 91. He leaves behind family and friends who will miss him, and a vast coterie of consultants and politicians who may miss his checks even more. They can take comfort from the words of Percy Bysshe Shelley: “He doth not sleep/he hath awakened from the dream of life …”

March 27, 2018
installation solaire

How American Cities Are Shaping Our Low-Carbon Future

President Trump’s commitment to pull out of the Paris Agreement signaled what appeared to be the worst of times for a transition to a low-carbon future in the United States. But actions being taken by a significant number of cities could instead make it the best of times for renewable energy in America.

March 20, 2018

Everybody Does Better When Everybody Does Better

But he knew about bankers who regularly squeezed small-business families like ours with usurious interest rates. He knew how rough it was for a local business to fight off deep-pocketed chain stores that use predatory pricing and sledgehammer advertising budgets to seize local markets.

March 16, 2018

Trump’s New Economic Adviser Larry Kudlow Doesn’t Actually Have A Clue About Economics

President Donald Trump picked well-known CNBC personality Larry Kudlow to become director of the National Economic Council, a man with a storied history of being spectacularly and consistently wrong in his economic forecasting. For starters, Kudlow has proudly proclaimed he’s been an advocate of the gold standard since the 1970s, a favorite proposal of economic cranks the world over.

March 16, 2018
Larry Kudlow

Trump Picks ‘Reliably Wrong’ TV Pundit To Lead US Economy

Trump has chosen television host Larry Kudlow to be his new chief economic adviser. Kudlow doesn’t have an economics degree, but he does have a considerable track record of making woefully wrong economic predictions. But none of that is an obstacle for Trump, who plans to appoint him to head the National Economic Council.

March 15, 2018

Four Common Myths About Women’s Pay Gap

The existence of the gender pay gap is a well-documented fact. Respected institutions from the Pew Research Center to the Senate Joint Economic Committee confirm that American women make about 77 cents to the average man’s dollar. For women of color, the disparity is even steeper.

March 14, 2018

What The Dow Jones Average Doesn’t Tell Us

Consider that the most common measurement that the media, politicians and corporations use to tell us whether our economy is zooming or sputtering is Wall Street’s index of stock prices. The media literally spews out some number every hour indicating that the Dow Jones Average of stock prices is up, down or sluggish — as though everyone is waiting breathlessly for that news.

March 11, 2018
stack of Money

Meet The Democratic ‘Dirty Dozen’ Working To Gut Financial Reforms

As if to maximize the possibility of another major financial crisis, the Trump administration and the GOP have recently been busy undercutting the limited safeguards established a decade ago via Dodd-Frank. The latest example of this stealth attack on Wall Street reform is the Economic Growth, Regulatory Relief, and Consumer Protection Act, appropriately sponsored by Republican Senator Mike Crapo of Idaho, chairman of the Senate Banking Committee.

March 11, 2018
Republican U.S. presidential candidate Donald Trump smiles while speaking to the media during a news conference at the construction site of the Trump International Hotel at the Old Post Office Building in Washington, March 21, 2016. REUTERS/Jim Bourg

Trump’s Trade War Backfires As Red States Defy Him

In Wisconsin, which went for Trump by the narrowest of margins, Republican Gov. Scott Walker has warned that tariffs could hurt the state’s canning and beer industries. Sen. Ron Johnson (R-WI) has also condemned the looming trade war. And Sen. Joni Ernst (R-IA) lamented how the White House doesn’t understand today’s global economy.

March 9, 2018

Trump Dog-Whistles Anti-Semites In Cohn Farewell

Trump economic adviser Gary Cohn resigned this week, and Trump bid him farewell by using what amounts to an anti-Semitic slur at a cabinet meeting. Cohn, who did not resign after Trump called Nazis “very fine people,” finally quit this week after Trump announced tariffs that could lead to a trade war.

March 9, 2018

Republicans — And Some Democrats! — Push Banking Deregulation

Republicans are pushing for a bill that would start to roll back the landmark Dodd-Frank legislation that was passed in 2010 to rein in the financial sector after the misbehavior that led to the Great Recession. Now, just about 10 years after the financial crisis that destroyed millions of jobs and devastated the country, Republicans want to weaken Dodd-Frank and unleash some of the banks’ worst tendencies.

March 7, 2018
Trump tax plan

Trump’s Top Economic Adviser Abruptly Quits Over Trump’s Trade War

“Officials insisted there was no single factor behind the departure of Mr. Cohn,” The New York Times reported. Cohn had reportedly been considering quitting as early as August 2017 following Trump’s horrendous response to the white supremacist violence in Charlottesville. Cohn had even penned a resignation letter at that time.

March 7, 2018
trump looking at eclipse

How Senior Daddies — Like Donald Trump — Are Eligible For A Social Security Bonus

Would you believe that President Donald Trump is eligible for an extra Social Security benefit of around $15,000 a year because of his 11-year-old son, Barron Trump? Well, you should believe it, because it’s true. How can this be? Because under Social Security’s rules, anyone like Trump who is old enough to get retirement benefits and still has a child under 18 can get this supplement…

March 5, 2018
Trump is ripping us off

Trump Threatens Auto Industry That Obama Saved

Trump took to Twitter Saturday to threaten a trade war with the European Union after his proposal to hike tariffs on steel and aluminum was blasted by lawmakers on both sides of the aisle and in multiple countries, as well as trade groups, economists, and major U.S. employers.

March 4, 2018

Taxpayers—Not Big Pharma—Have Funded The Research Behind Every New Drug Since 2010

Trump’s original spending proposal for fiscal year 2019, released last month, included major cuts to not just to the NIH, but the National Science Foundation as well. It is those two publicly funded entities—not Big Pharma—that support the bulk of the country’s basic research into diseases and pathways to new treatments.

March 4, 2018
harley d bike

Trump’s Crazy Trade War Is About To Hurt Red States

Harley-Davidson and Trump have been enjoying something of a bromance for the last two years. But the red state motorcycle manufacturer may soon pay a big price for Trump’s latest, irrational policy plan. And they won’t be alone. During the 2016 campaign, candidate Trump tried to bask in an association with Harley riders.

March 3, 2018