Category Archives: Income Inequality

‘We Reject Politics of Fear’: Groups Urge Congress to Build Schools, Not Wall

Teacher in Milwaukee said six-year-old student “crawled into her lap crying [and] told her, ‘I am so scared that somebody is going to take my daddy away'”

By Nadia Prupis, staff writer for Common Dreams. Published 4-27-2017

“Instead of funding President Trump’s anti-immigrant agenda, we are seeking additional funding for our nation’s public schools.” (Photo: doug turetsky/flickr/cc)

More than 150 advocacy groups sent a letter (pdf) to Congress on Thursday urging lawmakers to reject President Donald Trump’s proposal to build a U.S.-Mexico border wall and spend the money on education instead.

Trump’s “targeting of Muslims, refugees, and undocumented immigrants…are eroding the trust built by educators, parents, law enforcement, and communities over decades,” the letter states.

Its signatories include the Center for Popular Democracy, SEIU, and the National Immigration Law Center, among other community groups and labor unions. Continue reading

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‘Truly Dumb’: Why $2.4 Trillion Corporate Tax Cut Will Not Magically Pay for Itself

Economists and tax experts push back against White House reported plan to slash corporate rate by 60 percent

By Jon Queally, staff writer for Common Dreams. Published 4-25-2017

“Not to put too fine a point on it, this is false” writes Jared Bernstein in response to claims by Trump’s Treasury Secretary claims that $2.4 trillion corporate tax cut will magically pay for itself. (Photo: Timothy Krause/cc/flickr)

With reports that President Donald Trump wants to slash the corporate tax rate by 60 percent and Treasury Secretary Steven Mnuchin claiming widespread cuts for the nation’s wealthy and powerful will magically pay for themselves, progressive economists and tax experts are issuing early warnings that this is simply the latest attempt by Republicans to pull the wool over the eyes of average American taxpayers.

With more details expected during an offical White House announcement on Wednesday, numerous outlets have already reported that Trump will tout cutting the corporate tax rate from its current 35 percent down to an even more paltry 15 percent. As is well known and repeatedly documented, even the 35 percent official rate is largely a mythical number that few U.S. corporations actually pay. Continue reading

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Trump’s Corporate Takeover Detailed 100 Days into ‘For-Profit Presidency’

“The true depth of the administration’s unswerving commitment to an especially savage version of corporate capitalism is now, as we approach the first 100 days under the Trump administration, utterly clear.”

By Lauren McCauley, staff writer for Common Dreams. Published 4-24-2017

President Donald Trump “has gleefully signed measures making it easier for coal companies to pollute streams and rivers; authorizing Big Oil to hide payments to developing country governments; erasing obligations for government contractors to ensure the safety and health of their employees; and making it possible for cable and Internet providers to collect and sell our most personal information,” observed Public Citizen president Robert Weissman. (Photo: Gage Skidmore/cc/flickr)

President Donald Trump approaches his 100th day in office the most unpopular U.S. leader in modern history for a reason.

Exacerbating his failure to uphold his populist campaign promises, a new report found that Trump spent the majority of his presidency enriching his own business empire while appointing fellow “corporate cronies” at the highest levels of government leading to what Public Citizen describes as “an unprecedented corporate takeover.” Continue reading

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In Latest Populist Betrayal, Trump Executive Order Unchains Wall Street Greed

Orders signed Friday are ‘nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work’

By Deirdre Fulton, staff writer for Common Dreams. Published 4-21-2017

Photo: YouTube

In yet another Wall Street giveaway, President Donald Trump on Friday afternoon took executive action to chip away at Dodd-Frank financial regulations and roll back rules aimed at reducing corporate tax avoidance.

Lisa Gilbert, vice president of legislative affairs for watchdog group Public Citizen, described the orders signed Friday at the Treasury Department as “nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work.” Continue reading

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As Push for Trump’s Taxes Gains Steam, Promised GOP Tax Overhaul Falters

“If [Trump] doesn’t release his returns, it is going to make it much more difficult to get tax reform done”

By Nika Knight, staff writer for Common Dreams. Published 4-18-2017

Demonstrators at the Tax March on April 15 in New York City. (Photo: Michael Kink/Twitter)

As millions of Americans file their tax returns, and days after tens of thousands of marched to demand that President Donald Trump make his tax returns public, the president is still refusing to release his returns.

On Monday, White House Press Secretary Sean Spicer reiterated the claim that Trump can’t release his taxes because they are under audit, a statement immediately refuted by tax experts. Continue reading

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Trump Administration Considering ‘Back-Door Way’ to Cut Social Security

‘If Trump proposes this Trojan horse, it would be the newest shot in the ongoing Republican war against Social Security’

By Deirdre Fulton, staff writer for Common Dreams. Published 4-11-2017

Social Security Works president says latest proposal is “a Trojan horse: It appears to be a gift, in the form of middle class tax relief, but would, if enacted, lead to the destruction of working Americans’ fundamental economic security.” (Photo: Tama Leaver/flickr/cc)

President Donald Trump, who campaigned on a promise not to cut Social Security, is reportedly considering a plan to eliminate much of the payroll tax that funds the critical safety net program.

According to the Associated Press on Monday, the proposal is being floated as the Trump administration goes “back to the drawing board in a search for Republican consensus behind legislation to overhaul the U.S. tax system.” Continue reading

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Leaked Emails Show Big Oil Execs Oversaw ‘Vast Bribery Scheme’ in Nigeria

‘This is one of the worst corruption scandals the oil industry has ever seen, and this is the biggest development so far’

By Lauren McCauley, staff writer for Common Dreams. Published 4-10-2017

69% or 112,470,000 of Nigerians are living in poverty. By Mesh22 [CC BY-SA 4.0], via Wikimedia Commons

In a damning development in one of the oil industry’s biggest global corruption scandals, leaked emails reveal that Big Oil executives knowingly took part in “a vast bribery scheme that robbed the Nigerian people of over a billion dollars,” a new exposé has revealed.

The full investigation, titled Shell Knew, was published by watchdog groups Global Witness and Finance Uncovered on Monday. It includes newly-unearthed internal emails which show that officials at the highest level of Royal Dutch Shell and the Rome-based oil and gas company Eni were aware that a $1 billion payment in 2011 for OPL 245—said to be “one of Africa’s most valuable oil blocks”—would end up in the hands of convicted money launderer and ex-Nigerian oil ministerDan Etete, and from there “would flow onward for bribes.” Continue reading

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Borrowers ‘Chilled to the Bone’ as DOE Reneges on Student Loan Forgiveness

Young people who took low-paying, public-sector jobs with promise of loan forgiveness now ‘hosed’

By Lauren McCauley, staff writer for Common Dreams. Published 3-31-2017

As first wave of qualified workers prepare to apply for loan forgiveness, they may have an unpleasant surprise waiting for them. (Photo: thisisbossi/flickr/cc)

In a troubling development for the countless people saddled with student debt, the U.S. Department of Education (DOE) may be reneging on a promise made to over 550,000 such borrowers who were led to believe that their loans would be forgiven after ten years of work in the public service.

Responding to an ongoing lawsuit from four borrowers, the DOE has given no explanation but says that approval letters sent to individuals who signed up for the Public Service Loan Forgiveness Program are not in fact “binding,” the New York Times reported Thursday. Continue reading

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Is Trump’s Pledge to Make ObamaCare Fail an Impeachable Offense?

Is Trump’s Pledge to Make ObamaCare Fail an Impeachable Offense?

By William Boardman for Reader Supported News. Published 3-28-2017

Photo: YouTube

We were very close [on the health care bill]. It was a very, very tight margin. We had no Democrat support. We had no votes from the Democrats. They weren’t going to give us a single vote, so it’s a very difficult thing to do. I’ve been saying for the last year and a half that the best thing we can do, politically speaking, is let Obamacare explode. It is exploding right now…. It’s going to have a very bad year…. This year should be much worse for Obamacare…. We’ll end up with a truly great healthcare bill in the future, after this mess known as Obamacare explodes…. I know some of the Democrats, and they’re good people – I honestly believe the Democrats will come to us and say, look, let’s get together and get a great healthcare bill or plan that’s really great for the people of our country. And I think that’s going to happen.

– President Trump, press briefing March 24, 2017

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Building “Feminism for the 99 Percent,” Women’s Strike Will Take Many Forms

‘March 8th will be the beginning of a new international feminist movement’

By Deirdre Fulton, staff writer for Common Dreams. Published 3-2-2017

“We halt our work to highlight just how meager, how lackluster, and how dysfunctional the world would be without us.” (Image: Women’s March)

Whether by walking off the job or boycotting “unseen” labor, women and allies around the world next week will stand up and speak out to say: Women’s rights are human rights.

Coinciding with International Women’s Day, the March 8 day of action is being promoted in solidarity by those who organized January’s Women’s March as well as a grassroots movement known as the International Women’s Strike (IWS). While both groups acknowledge that the election of President Donald Trump makes their call more urgent, their overlapping visions look beyond one administration—and reach further back into the past. Continue reading

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