Under the Trump administration’s proposed 2020 budget, over 750,000 Americans stand to lose Supplemental Nutrition Assistance Program (SNAP) benefits, better known as food stamps. The new rules would require all able-bodied adults without dependents to prove that they are working to receive this critical assistance, regardless of local job market conditions or other key factors. The average SNAP benefit is $126 a month per person. … Continue reading Nickel-and-Diming the Poor, Freebies for the Rich
It’s Tax Day, so by now Americans have had a chance to see how their filings stack up against Trump’s promises. Working folks are largely unimpressed, but millionaires like us made out like bandits. When Republicans pitched the Tax Cuts and Jobs Act of 2017 (TCJA), they sold it as a tax break for the middle class, but despite lower income tax rates and a … Continue reading Thanks, But No Thanks: Stop Bleeding the Middle Class to Cut Our Taxes
Whether it’s democratic socialist Rep. Alexandria Ocasio-Cortez (D-NY) campaigning for it on Twitter or angry pundit Tucker Carlson foaming at the mouth about it on his nightly Fox News show, everyone is talking about taxing the rich. This is an issue that is set to dominate American political debate heading into the 2020 elections. In that spirit, the Patriotic Millionaires are launching a multi-year, multi-platform … Continue reading The Patriotic Millionaires Present: TAX THE RICH! Livestream
Opportunity Zones are a great idea — if your goal is to ensure that rich real estate investors never need to pay any taxes at all.
Let’s take a closer look at these plans to fix the estate tax and why they’re exactly the kind of tax plans that this country needs.
“Ultimately, progress must come from all corners of society.” Those words came from an unlikely source on Tuesday, when Genna Gent, Vice President of Government Relations for McDonald’s, sent a letter to the National Restaurant Association announcing that the fast-food behemoth would no longer lobby against minimum wage increases at federal, state, or local levels. Instead, she said, the company would move to “advance – … Continue reading The Golden Arches Stand Down in the Fight for $15
As the 2020 primaries heat up and candidates search for a way to distinguish themselves in such a large field, one issue has transformed into a key debate of the campaign: how to tax the rich to ensure a more equitable, prosperous society. Many of the candidates have bold tax plans, from Senator Sanders’s bill to expand the estate tax to Senator Booker’s baby bonds … Continue reading 2020 Contenders Embrace the Wealth Tax
While the country’s eyes have been turned towards the big, bad federal budget for the past week, there’s an important fight brewing in New York over the state’s own budget, due on April 1st. This disagreement pits New York Governor Andrew Cuomo and a small group of lawmaker holdouts against the will of the majority of New Yorkers in a battle to include higher taxes … Continue reading An Ultra-Millionaire Tax Will Make New York Better. Why Is Cuomo Resisting?
There is no amount of money that equals the worth of a human life. This should be the preface to every debate we have about our gun laws in this country, and the only afterword to every mass shooting. It is what we should remind ourselves of, shamefully, when our government does absolutely nothing to stop the next shooting because of the stranglehold that the … Continue reading Campaign Finance Reform Will Literally Save Lives
For years, the American people have seen the gap between the rich and the rest of the country grow out of control. In recent years however, especially since Republicans passed their massive overhaul of the tax code that gave over a trillion dollars in tax cuts to the wealthy, the divide has been widening more and more quickly. Since the early 1980s to today, the … Continue reading It’s Time to Address the Growing Concentration of Wealth
In the wake of the rampant, widespread cheating uncovered in last week’s college admissions scandal, there’s been a renewed focus on the different admissions standards that money can buy. This has been a well-documented problem for years, but it seems like the scale of this latest scandal is sparking some new proposals to tackle this issue head-on. On Wednesday, Senator Ron Wyden (D-Oregon) announced his … Continue reading Getting Serious About Higher Education Inequality
The Maryland Senate made a crucial step forward in ensuring the economic security of its labor force this week, when it approved a hard-fought bill to raise the state’s minimum wage to $15 for most workers by the end of 2025. Though organizers and labor groups have been tirelessly fighting for this for years, this is the first time a bill to raise the wage … Continue reading Maryland In Final Stretch For $15 Minimum Wage
It’s been well noted by now that the Trump administration’s budget proposal released on Monday is a blatant cash grab that would transfer trillions from the poorest in American society to the ultra wealthy. It does this by gutting public services in order to fund extensions for the reckless, unnecessary tax cuts the administration gave to wealthy Americans in 2017. For the normal people in … Continue reading All the Awful Cuts (So Far) in the Trump Budget
In reading about the massive college admissions scandals this week, a truth struck me that I hadn’t consciously been aware of before. Yes, compromising the proctors and cheating on the standardized tests is bad. Bribing the coach to admit your child as an athletic recruit, when they don’t even play sports, is bad. Yes, many of the actual students involved were probably not aware of … Continue reading Pearls of Wisdom: “For college admissions, $50,000 is a scandal, $50 million is a celebration.”
There’s already been a huge backlash against the Trump administration’s 2020 budget proposal since it was released on Monday, and for good reason. The plan is disastrous for a myriad of reasons, but so far, there hasn’t been much discussion about the way it conceals – and even worsens – the consequences of the 2017 Tax Cuts and Jobs Act. Those initial tax cuts are … Continue reading The Big Tax Problem in Trump’s Budget
On Monday, President Trump released his 2019 budget proposal, a plan that outlines a series of massive cuts to vital public programs in the ludicrously titled “A Budget for a Better America.” While this is just a list of funding ideas that mean nothing without Congressional approval, it outlines Trump’s vision for our economic future – one that allows us already wealthy people to get … Continue reading Budget for a Nightmare America
This blog is one in a series on HR 1, the For The People Act. Corporate Spending on Elections As their first order of business, House Democrats introduced HR 1 as soon as the new 2019 Congress came into session. An anti-corruption, pro-democracy reform bill, the For The People Act is aimed at improving our democracy for all Americans by limiting the corrupting influence of … Continue reading What’s in HR 1? Corporate Spending on Elections
House Democrats’ campaign finance and voting reform bill, HR 1, the For The People Act, recently made its way out of the House. As we wait for it to be brought to a vote in the Senate, we will be chronicling the different game-changing aspects of the bill in a series of blogs titled: What’s in HR 1? Voter Registration For more than two decades, … Continue reading What’s in HR 1? Voter Registration
As their first order of business, House Democrats introduced HR 1 as soon as the new 2019 Congress came into session. An anti-corruption, pro-democracy reform bill, the For The People Act is aimed at improving our democracy for all Americans by limiting the corrupting influence of money in politics and making voting easier, not harder. Today, it passed in the House without any Republican support. … Continue reading House Dems Votes “Yes” on HR 1, the For The People Act
For years, opponents of raising the federal minimum wage have argued that we don’t need to raise the minimum wage because most low-wage workers are just teenagers trying to earn a little spending money. We’ve known that’s not true for years, but as the fight for $15 ramps up across the country, a new study shows just how far from reality that “common knowledge” really … Continue reading Adults and Breadwinners, Not Teens, Benefit Most from Raising Minimum Wage