Tag Archives: Economic Policy Institute

‘Should Be Bigger News’: Analysis Finds Nearly One Third of Owed Unemployment Benefits Have Not Been Paid

Bloomberg found a $67 billion gap between the sum of benefits paid out by the Treasury Department and the amount that is owed to jobless Americans.

By Jake Johnson, staff writer for Common Dreams. Published 6-3-2020

Volunteers at the North Texas Food Bank. Photo: North Texas Food Bank/Twitter

A Bloomberg analysis released Tuesday estimates that nearly a third of the unemployment benefits owed to jobless Americans have not yet been paid out, a finding critics described as a “scandal” deserving of more media attention as millions of people struggle to afford basic expenses due to the Covid-19 pandemic.

“The Treasury disbursed $146 billion in unemployment benefits in the three months through May,” Bloomberg reported. “But even that historic figure falls short of a total bill that should have reached about $214 billion for the period, according to Bloomberg calculations based on weekly unemployment filings and the average size of those claims.” Continue reading

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‘The Next Crisis’: Up to 43 Million Americans Could Lose Health Insurance Due to Pandemic, Study Shows

“The American healthcare financing system was not built to withstand the combined impact of a pandemic and a recession.”

By Julia Conley, staff writer for Common Dreams. Published 5-10-2020

Analysts project that 43 million Americans could lose their insurance when the unemployment rate hits 20%. According to the Department of Labor, the current unemployment rate is 14.7%. (Photo: Elvert Barnes/Flickr/cc)

Medicare for All advocates on Sunday pointed to the latest study on the looming health insurance crisis already becoming apparent amid the coronavirus pandemic, which has led to job losses for more than 33 million people in the past two months.

Because health insurance is tied to employment for about half the country—160 million people—as many as 43 million are expected to lose their health insurance due to the pandemic, according to a new report by the Robert Wood Johnson Foundation (RWJF) and the Urban Institute. Continue reading

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‘We’re Just Getting Started,’ Says Union Leader, as Worker Strike Activity Hits 35-Year High Under Trump

“Trump’s economy is not a workers’ economy, and workers know solidarity is the best way to fight back.”

By Jessica Corbett, staff writer for Common Dreams. Published 2-11-2020

Thousands of members and allies of the Chicago Teachers Union demonstrated in the city’s Union Park during a strike in October 2019. (Photo: CTU/Twitter)

In yet another rebuke to President Donald Trump’s claims that the U.S. economy is “roaring” and his “relentlessly pro-worker” agenda is serving the American public, a report published Tuesday by a progressive think tank revealed that the “number of striking workers surged in 2018 and 2019” after decades of decline.

The Economic Policy Institute (EPI) report, entitled Continued Surge in Strike Activity Signals Worker Dissatisfaction With Wage Growth, noted that the spike marked “a 35-year high for the number of workers involved in a major work stoppage over a two-year period.” Continue reading

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Fresh Calls to #RaiseTheWage After Study Shows $1 Increase Could Prevent Thousands of Suicides

The House-approved Raise the Wage Act is among hundreds of bills sitting on the desk of Republican Senate Majority Leader Mitch McConnell, the self-declared “grim reaper” of progressive legislation.

By Jessica Corbett, staff writer for Common Dreams. Published 1-9-2020

A study published this week found that raising the minimum wage just $1 could prevent thousands of suicide deaths in the United States. Photo: Wisconsin Jobs Now/flickr/CC

A new study that suggests raising the minimum wage could prevent thousands of suicide deaths in the United States sparked fresh calls for relief from federal lawmakers and cast a spotlight on Republican Senate Majority Leader Mitch McConnell’s legislative graveyard.

“Low-wage employees are in desperate need of a raise, and the Senate’s refusal to pass the #RaiseTheWage Act is keeping vulnerable Americans in harm’s way,” the advocacy group Patriotic Millionaires tweeted on Thursday, linking to NPR‘s report on the study. Continue reading

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Trump, Granting Lobbyist Demands, Quietly Handed Billions More in Tax Breaks to Huge Corporations: Report

“Trump is the most corrupt president in history, and here’s the latest example of how that corruption helps giant corporations.”

By Jake Johnson, staff writer for Common Dreams. Published 12-30-2019

Treasury Secretary Steven Mnuchin and President Donald Trump at a Tax reform press briefing October 31, 2017. Screenshot: YouTube

A “disturbing” New York Times story published Monday detailed how President Donald Trump’s Treasury Department, led by former Goldman Sachs banker Steve Mnuchin, has quietly weakened elements of the 2017 tax law in recent months to make it even friendlier to wealthy

individuals and massive corporations.

Lobbyists representing some of the largest corporations in the world, the Times reported, targeted two provisions in the original 2017 law designed to bring in hundreds of billions of dollars in revenue from companies that had been dodging U.S. taxes by stashing profits overseas. Continue reading

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Trump Labor Dept Slammed for ‘Wholly Inadequate’ Overtime Pay Rule That ‘Leaves Behind Millions of Workers’

“Once again, President Trump has sided with the interests of corporate executives over those of working people.”

By Jessica Corbett, staff writer for Common Dreams. Published 9-24-2019

President Donald Trump speaks at the Shell Pennsylvania Petrochemicals Complex in Monaca, Pennsylvania on Aug. 13, 2019.. Screenshot: YouTube

Labor rights advocates and progressive economists slammed the Trump administration after the Department of Labor announced Tuesday a final rule on overtime pay to replace a bolder Obama-era proposal blocked by a federal court in Texas.

“While the administration may be trumpeting this rule as a good thing for workers, that is a ruse,” said Heidi Shierholz, director of policy at the Economic Policy Institute (EPI). “In reality, the rule leaves behind millions of workers who would have received overtime protections under the much stronger rule, published in 2016, that Trump administration abandoned.” Continue reading

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