In his second year as president, Trump has unveiled an infrastructure plan that heavily relies on public-private partnerships. The president plans to invest just $200 billion in federal spending, expecting the rest of the $1.5 trillion he invisions for the project to come from state and local governments, as well as the private sector. In order to engage the private sector in infrastructure spending, the … Continue reading Nickel and diming the working class.
In December, when Congress passed the GOP tax bill, they didn’t close the carried interest loophole like Trump promised. In fact, they took the grey area that the loophole thrived in and made it black and white. Rather than manipulate the tax code, hedge fund managers can now point to specific language in the tax bill that allows them to pay a lower tax rate … Continue reading How the GOP tax bill gave us double the carried interest loopholes.
A bill that could increase the wages of 29% of workers in Massachusetts has sat in committee for almost a year. The legislation, which was filed by Senator Ken Donnelly of Arlington, now deceased, and Representative Dan Donahue of Worcester, would increase the state’s minimum wage by $1 a year until it is $15/hr in 2021. At that point, it would be indexed to the … Continue reading Why is legislation to raise the minimum wage in Massachusetts stalling?
This time last year, Gov. Dannel Malloy of Connecticut advised deferring to Trump on the elimination of the egregious carried interest loophole. A year later, it appears the Democratic governor is going to have to take a firm stance on how he will either defend or upend the loophole that benefits hedge fund managers as if they themselves were the investors. The carried interest loophole … Continue reading Why Connecticut should get onboard with closing the carried interest loophole.
Last night, Trump gave his first State of the Union (SOTU) address. In it, he congratulated himself on victories achieved in his first year, and listed the various things he plans to do in the future. True to himself, Mr. President did not forget to share a handful of mistruths surrounding statistics in order to improve his record. “Just as I promised the American People … Continue reading Trump’s State of the Union address was more of the same narcissism and division.