Tag Archives: Income Inequality

Trump wouldn’t be the first presidential candidate to campaign from a prison cell

By Thomas Doherty, Brandeis University. Published 3-15-2024 by The Conversation

Eugene V. Debs leaving the Federal Penitentiary in Atlanta, Georgia, on Christmas Day 1921. Photo: Library of Congress/Public domain

The first trial ever of a former president, the so-called “hush money” case against former president and likely GOP presidential nominee Donald Trump, is scheduled to begin with jury selection in New York on March 25, 2024though that may be delayed by a month. Trump faces 34 felony charges related to alleged crimes involving bookkeeping on a payment to an adult film actress during the 2016 presidential campaign.

Trump is unlikely to wind up in an orange jumpsuit, at least not on this indictment, and probably not before November 2024, in any case. Yet if he does, he would not be the first candidate to run for the White House from the Big House.

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Report Exposes US Corporations That Pay Their Execs More Than They Pay in Taxes

“Both kinds of corporate misbehavior—underpaying taxes and overpaying executives—ultimately make working families the victim through smaller paychecks and diminished public services.”

By Jake Johnson. Published 3-13-2024 by Common Dreams

Elon Musk at TED2013: The Young, The Wise, The Undiscovered. Wednesday, February 27, 2013, Long Beach, CA. Photo: James Duncan Davidson

Top executives at dozens of major, profitable U.S. businesses received more in total compensation in recent years than their companies paid in federal taxes, underscoring the twin outrages of skyrocketing CEO pay and rampant corporate tax dodging.

report published Wednesday by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) identifies 35 profitable U.S. corporations that paid their top executives more than they paid the federal government in taxes between 2018 and 2022. The list of companies includes Ford, Netflix, NextEra Energy, and Tesla—whose CEO, Elon Musk, is the richest man in the world.

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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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At Rallies Nationwide, Low-Wage Workers Tell Political Leaders: ‘Our Votes Are Demands’

“Our government’s refusal to fully address poverty and low wages even after the worst days of Covid is not only killing our brothers and sisters,” said Rev. Dr. William Barber. “It’s killing our public conscience.”

By Jake Johnson. Published 3-2-2024 by Common Dreams

Rev. Dr. William Barber speaks during a demonstration in Raleigh, North Carolina on March 2, 2024. (Photo: NC Poor People’s Campaign/Facebook)

Low-wage workers, faith leaders, and allies rallied in state capitals across the United States on Saturday as part of a mass mobilization of poor voters ahead of the pivotal 2024 election.

The nationwide demonstrations were organized by the Poor People’s Campaign, a multiracial movement calling on state legislators and members of the U.S. Congress to act immediately to end the “crisis of death by poverty” in the richest country in the world. Research published last year found that poverty is the fourth-leading cause of death in the United States.

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60 Days Into 2024 and Millionaires Are Already Done Paying Into Social Security

“Ninety-four percent of Americans contribute to Social Security all year long, but the wealthy stop paying after their first $168,600 in wage income.”

By Jake Johnson. Published 2-29-2024 by Common Dreams

Image: Public domain

Most Americans contribute to Social Security year-round, but U.S. millionaires will stop paying into the critical program on March 2—just over two months into 2024.

That’s because Social Security’s payroll tax doesn’t apply to earned income above a certain level. For 2024, the cut-off is $168,600, and capital gains—such as stock appreciation—are not subject to the payroll levy at all. Elon Musk, the CEO of Tesla and the world’s richest man, pays nothing into Social Security because he doesn’t take a salary.

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Childcare Crisis Grips US as IRS Chief Says Wealthy Tax Dodgers Cost $150 Billion a Year

“If we can afford to spend over $1 trillion on tax breaks for the top 1% and large corporations making record-breaking profits, we can afford to provide working class families with the childcare they desperately need.”

By Jon Queally. Published 2-25-2024 by Common Dreams

Photo: Learning Policy Institute: Laura E. Hernández/CC BY-NC 4.0

A survey of early childhood educators and caregivers released Sunday shows the post-pandemic collapse of federal funding is fueling a national crisis for young children and their families as centers suffer and out-of-pocket costs soar.

The findings of the survey—titled “We Are NOT OK” and put out by the National Association for the Education of Young Children (NAEYC)—resulted from questions posed to over 10,000 professionals in the early childhood education sector.

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In ‘Direct Attack’ on Labor Movement, Amazon Backs Claim NLRB Is Unconstitutional

“So now capital, unable to hold back labor any longer, is arguing that the NLRB’s very existence is unconstitutional,” said one law professor.

By Julia Conley. Published 2-16-2024 by Common Dreams

Workers at Amazon & everywhere have a right to safety and a union Photo: Joe Piette/flickr/CC

Amid a recent surge in unionization and other workers’ rights victories, wealthy U.S. corporations have fired union organizers, surveilled employees as they voted on forming a collective bargaining unit, and closed store locations to penalize labor leaders—but a court filing by Amazon on Thursday suggested a new tactic as the e-commerce giant seeks to dismantle the federal agency tasked with protecting employees.

Fighting accusations from prosecutors at the National Labor Relations Board (NLRB) that Amazon illegally retaliated against warehouse workers who unionized, the company submitted a legal filing arguing that the board itself is unconstitutional.

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Under Pressure From Angry Students, GOP Gov Reverses on Federal Summer Meals Funding

“It only took literally everyone in the entire state telling him that he was being a monster,” said one political scientist, “for him to do the absolute easiest thing and feed hungry kids.”

By Julia Conley. Published 2-13-2024 by Common Dreams

Photo: USDA/Public domain

As the deadline rapidly approached for state governments to accept federal funds for summer food assistance for children, Nebraska Gov. Jim Pillen announced Monday that conversations with students from around the state had convinced him to take the funding—leaving just 14 Republican-led states still refusing the aid.

At a news conference, the GOP governor—who previously said he didn’t “believe in welfare” and would be forgoing $18 million for the Summer Electronic Benefits Transfer (Summer EBT) program—said he had changed his mind after “an evolution of information” about how young people across Nebraska would be affected by his decision.

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Bombings Kill Dozens in Pakistan on Eve of Contentious Elections

As Pakistanis prepare to head to the polls with the country’s most popular politician behind bars on dubious charges, human rights groups sounded the alarm on a wide range of election-related repression.

By Brett Wilkins. Published 2-7-2024 by Common Dreams

Screenshot: YouTube

Dozens of Pakistanis were killed Wednesday in two bombings targeting political offices on the eve of highly contentious parliamentary elections from which the country’s most popular leader—who is jailed on what critics say are politically motivated charges—is banned.

The blasts both occurred in the southwestern province of Balochistan, homeland of the nomadic Baloch people, who also inhabit a large swath of southeastern Iran and southern Afghanistan. Government officials said the first bombing, which targeted independent candidate Asfandyar Khan’s office in the Pashin district, killed 18 people. A second blast approximately 80 miles away then killed at least 12 people at the Qilla Saifullah office of the Sunni fundamentalist Jamiat Ulema Islam party, which has close ties to the Taliban in Afghanistan.

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‘Death Sentence’: Reports Call for End to Big Oil’s US Sacrifice Zones

“People’s lives and the environment are being devastated at the hands of big business,” one human rights researcher said.

By Olivia Rosane. Published 1-25-2024 by Common Dreams

Cancer Alley. Photo: Gines A. Sanchez/flickr/CC

Amnesty International and Human Rights Watch both published reports on Thursday detailing how the fossil fuel industry has harmed the health and environment of communities in Texas and Louisiana, and how state and federal regulators have failed to protect them.

The Amnesty report, The Cost of Doing Business? The Petrochemical Industry’s Toxic Pollution in the USA, focused on the Houston Ship Channel, which has some of the worst air pollution measurements in the U.S. The HRW report, “We’re Dying Here”: The Fight for Life in a Louisiana Fossil Fuel Sacrifice Zone, looked at the state’s Cancer Alley, an 85-mile zone along the Mississippi that reportedly has the highest concentration of fossil fuel and petrochemical plants in the Western Hemisphere.

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