Tag Archives: Groundwork Collaborative

Biden 2025 Budget Would Offer ‘Welcome Relief,’ But Not Enough

One expert said that enacting his reforms “will begin to reverse the 40-year one-way ratchet of falling taxes for the wealthy and corporations and instead invest in workers and families.”

By Jessica Corbett. Published 3-11-2024 by Common Dreams

*Photto: U.S. Secretary of Defense/flickr/CC*

On the heels of delivering the latest State of the Union speech and signing a package of funding bills, U.S. President Joe Biden on Monday unveiled his budget blueprint for fiscal year 2025, a proposal praised by congressional Democrats and progressive advocates who want him to go even further.

The $7.3 trillion budget comes as the divided Congress is still sorting out funding for the current fiscal year. Given those divisions—and that the Republican House majority is already advancing its own budget resolution for the fiscal year that begins in October—the Democratic president’s plan is widely seen as a statement of priorities going into the November election.

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Analysis Shows How Corporate Profits Drive Inflation—Even as Business Costs Go Down

“It’s one thing for corporations to pass reasonable increased costs to consumers,” said one analyst. “It’s another for them to line their coffers by exploiting Americans who are just trying to get by.”

By Julia Conley. Published 1-18-2024 by Common Dreams

Inflation has eased over the last two years, and with supply chains no longer struggling to keep up with demand and companies’ business costs stabilizing, an analysis out Thursday asks: Why haven’t American households seen the benefits of a more secure economy, with the prices of consumer goods and services falling?

The answer, said economic justice think tank Groundwork Collaborative, is that high prices linked to the coronavirus pandemic were never just the result of higher labor and production costs—but were partially caused by corporations’ deliberate price gouging.

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With Funds Opposed by GOP, IRS to Target Ultrawealthy Tax Delinquents

“This news stands in stark contrast to the approach taken by House Republicans, who want to allow wealthy tax cheats to continue business as usual,” said U.S. Senate Finance Committee Chair Ron Wyden.

By Jessica Corbett. Published 9-8-2023 by Common Dreams

Internal Revenue Service Commissioner Daniel Werfel . Screenshot: C-SPAN

The U.S. Internal Revenue Service on Friday won praise from congressional Democrats and progressive groups for announcing “a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations, and promoters abusing the nation’s tax laws.”

The IRS effort is enabled by some of the $80 billion in funding for the agency included in the Inflation Reduction Act (IRA), which President Joe Biden signed into law last year. About a quarter of that money is set to be clawed back as part of his recent deal with congressional Republicans to temporarily suspend the nation’s debt limit.

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Occupy World Writes

The Movement Continues – Globally

Tag Archives: Groundwork Collaborative