Tag Archives: Income Inequality

Here We Go Again: Why the Trans-Pacific Partnership Won’t Fix Anything

Current trade agreements are great at creating more billionaires, not so much at protecting the interests of workers.

By . Published 4-13-2018 by YES! Magazine

 

On Thursday, President Trump flipped his position on the Trans-Pacific Partnership trade agreement, suggesting the U.S. might want to rejoin the pact. His announcement sent Wall Street indices shooting upward in jubilation and angered labor leaders. It left China—which has been sorting out how to respond to Trump’s announced steel and aluminum tariffs—even more bewildered as criticism grows of its “Made in China 2025” initiative to dominate the high-technology sector.

Trump’s about-face is especially striking given that exiting the TPP was a crucial plank in his economic agenda on the campaign trail and one of his first acts as president. That pledge played well to the frustrations of people who know the global economy is ripping them off and are understandably angry. Continue reading

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Republicans Unveil Proposal to Push One Million Off Food Stamps

“Rich people who don’t need it get lavish billion-dollar handouts from this president…The struggling poor, on the other hand, are going to see new work requirements attached to their $1.40-a-meal food stamp.”

By Julia Conley, staff writer for CommonDreams. Published 4-13-2018

Social welfare advocates on Friday denounced a proposal included in a draft of the 2018 Farm Bill which would impose work requirements on most adults who receive benefits from the Supplemental Nutrition Assistance Program (SNAP), commonly called food stamps. The proposal represents the first concrete attempt by Republicans to erode the social safety net since President Donald Trump took office.

Critics said the plan showed blatant hostility toward the 42 million Americans who rely on the program, and that it would do nothing to “break the poverty cycle” as House Agriculture Committee Chairman K. Michael Conaway (R-Texas) claimed on Thursday. Continue reading

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Confirming He ‘Does Not Give a Crap About Working People,’ Trump Proposes Rejoining TPP

“In a series of broken promises Trump made to the working people of this country, rejoining the job-killing Trans-Pacific Partnership would be the biggest yet,” warned Sen. Bernie Sanders

By Jake Johnson, staff writer for CommonDreams. Published 4-12-2018

Photo: End the Illusion

As if his enormous tax cuts for the rich, attacks on the safety net, and efforts to help bosses steal their employees’ tips weren’t proof enough, President Donald Trump further demonstrated that he “does not give a crap about working people” on Thursday by telling lawmakers he is considering rejoining the Trans-Pacific Partnership (TPP), a trade pact he withdrew from last year and repeatedly derided as “terrible.”

In a statement responding to the news that Trump has directed his top economic adviser Larry Kudlow and Trade Representative Robert Lighthizer to examine options for reentering the 11-nation accord, Lori Wallach of Public Citizen argued that the president’s move “could bring short term joy to Democratic campaign operatives” but would be yet another signal that Trump “cannot be trusted on anything.” Continue reading

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Trump’s Company Is Suing Towns Across the Country to Get Breaks on Taxes — “Trump, Inc.” Podcast

 

Why is Trump’s business arguing its properties are worth just a fraction of what Trump has claimed they are on his own financial disclosures? To save on taxes.

By Katherine Sullivan. Published 4-11-2018 by ProPublica

Find “Trump, Inc.” wherever you get your podcasts.

President Donald Trump is famous for bragging about his net worth. Publicly, he claims he’s worth more than $10 billion. He even sued an author over the issue and lobbied the editors of Forbes about his ranking on their billionaires list.

Yet quietly in another setting, the Trump Organization says the president’s holdings are worth far less than he has proclaimed. Across the country, the Trump Organization is suing local governments, claiming it owes much less in property taxes than government assessors say because its properties are worth much less than they’ve been valued at. In just one example, the company has asserted that its gleaming waterfront skyscraper in Chicago is worth less than than its assessed value, in part because its retail space is failing and worth less than nothing. Continue reading

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On Equal Pay Day, New Study Shows Wage Gap Actually Growing for Women Under 40

Advocates are demanding equitable policies such as paid parental leave and affordable childcare while also declaring “we must address harassment and discrimination!”

By Jessica Corbett, staff writer for CommonDreams. Published 4-10-2018

Several women’s advocacy groups marked Equal Pay Day by delivering a petition to the Equal Employment Opportunity Commission to demand the agency collect American employers’ pay data to accurately monitor the nation’s gender wage gap. (Photo: @AAUW/Twitter)

A new report released on Equal Pay Day shows that the gender wage gap has actually worsened for women under 40 in recent years, despite increased media attention on the issue alongside mounting demands that businesses and politicians crack down on workplace sexual harassment, which researchers have tied to pay inequality.

Pay ratio

“Despite the great awareness of the gender equity issue, there is evidence that we have lost ground on this important measure of equality,” said John Schwarz, chief executive of Visier, the workforce analytics firm that conducted the study. “These findings should be a wake-up call to business leaders.” Continue reading

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What We Found in Trump’s Drained Swamp: Hundreds of Ex-Lobbyists and D.C. Insiders

 

By Derek KravitzAl Shaw and Isaac Arnsdorf. Published 3-7-2018 by ProPublica

When the Trump administration took office early last year, hundreds of staffers from lobbying firms, conservative think tanks and Trump campaign groups began pouring into the very agencies they once lobbied or whose work they once opposed.

Today we’re making available, for the first time, an authoritative searchable database of 2,475 political appointees, including Trump’s Cabinet, staffers in the White House and senior officials within the government, along with their federal lobbying and financial records. Trump Town is the result of a year spent filing hundreds of Freedom of Information Act requests; collecting and organizing staffing lists; and compiling, sifting through and publishing thousands of financial disclosure reports. Continue reading

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‘We Will Stay!’ West Virginia Teachers Vote to Occupy State Capitol Until Demands Met

While some have called the West Virginia teachers’ strike “the most important story in the country right now,” MSNBC and other outlets have almost completely ignored it.

By Jake Johnson, staff writer for CommonDreams. Published 3-2-2018

As the demonstrations raged on in the state capitol, West Virginia lawmakers voted against bringing a teacher pay raise bill to the Senate floor for immediate consideration, the Charleston Gazette-Mail reported on Friday. (Photo: Jacobin/Twitter)

Though you may not know it from the corporate media’s coverage—or lack thereof—West Virginia teachers are still striking in an effort to win both a pay raise and a permanent fix to their soaring health insurance premiums, and on Friday they voted to occupy the state capitol until their demands are met.

Watch teachers chant “We will stay!” shortly following the vote: Continue reading

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After Being Told He’s ‘Full of Sh*t’ at School Event, Mnuchin Demands UCLA Suppress Video

In addition to being called out on his “plutocratic BS,” students in attendance attacked the Treasury chief’s record of foreclosing on tens of thousands of Americans

By Jake Johnson, staff writer for CommonDreams. Published 3-1-2018

After a short lecture, Treasury Secretary Steven Mnuchin spoke with Marketplace host Kai Ryssdal at the UCLA Burkle Center for International Relations in Los Angeles. (Photo: UCLA)

Trump Treasury Secretary and former Goldman Sachs banker Steve Mnuchin isn’t accustomed to facing direct challenges to his wild economic claims or protests over the GOP tax plan he helped craft, and after experiencing both during an event at UCLA’s Burkle Center on Monday, Mnuchin demanded that video of his appearance be suppressed.

According to the Wall Street Journal, Mnuchin complained to the audience that he usually only talks to “people who wanna listen to me speak” after students and others attending the event yelled out “I think you’re full of shit” and denounced the Republican tax bill as an attack on “people who are in poverty.” Continue reading

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Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers. Guess Where the Other 94% Went.

“You mean corporations aren’t using the bulk of their tax cuts to create jobs and boost workers’ wages like Trump promised? Weird…”

By Jake Johnson, staff writer  for CommonDreams. Published 2-28-2018

White House National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin. Screenshot: YouTube

Almost everyone—nonpartisan commentatorseconomists, and even President Donald Trump’s chief economic adviser—predicted that corporate shareholders and CEOs, not workers, would be the primary beneficiaries of the Republican tax law, and several recent analyses have shown that prediction to be right on the money.

While many corporations immediately launched aggressive PR campaigns crediting the tax plan Trump signed in December with new “investments” in employees, a study by the nonprofit group JUST Capital published on Wednesday found that the sensational headlines touting worker bonuses obscured the fact that the vast majority of the law’s benefits have gone straight to the pockets of wealthy shareholders. Continue reading

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New Report Details How Americans Who Have Debt Held by Collection Agencies Can Get Thrown in Jail

New ACLU publication looks at how “debt collection industry uses prosecutors and judges as weapons against millions of Americans who can’t afford to pay their bills.”

By Andrea Germanos, staff writer for CommonDreams. Published 2-21-2018

“Consumers have little chance of justice when our courts take the debt collector’s side in almost every case—even to the point of ordering people jailed until they pay up,” says report author Jennifer Turner. (Photo: Bill Smith/flickr/cc)

Threatened with arrest for a case involving a few dollars in debt held by a collection agency?

This is not a science fiction, nor a scenario from the United States more than 185 years ago when debtors prisons were still allowed. Rather, it’s a part of the current justice system where, in states across the country, state courts and local prosecutors abet debt collectors in arresting and jailing some of the tens of millions of Americans who have debt held by private collection agencies.

The injustice is laid out in new report from the ACLU, “A Pound of Flesh: The Criminalization of Private Debt.” Continue reading

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