Category Archives: Uncategorized

Corporate America is Ok with Paying Taxes… So Long As Those Taxes Allow Them To Pay Executives Mega-Millions

by Bob Lord and Emily McCloskey This piece was first published on Inequality.org. This past May, The Wall Street Journal released a bombshell report on trends in American CEO pay. According to their analysis, in 2021, median pay for CEOs at American S&P 500 companies rose to a record-setting $14.7 million, with the 25 highest grossing CEOs earning $35 million and the top 9 earning … Continue reading Corporate America is Ok with Paying Taxes… So Long As Those Taxes Allow Them To Pay Executives Mega-Millions »

Fighting Inequality at the State Level

We talk a lot about the American economy and the effect that decisions made by the federal government have on the lives and well-being of Americans all across the country. Because of that, it can be easy at times to think of the fight for economic justice as a purely national issue, something that just happens in Washington or in Congress and the White House. … Continue reading Fighting Inequality at the State Level »

Don’t Trust the “Good Billionaires”

Last week, we introduced you to our take on “The Tale of Two Billionaires.” For this week’s Closer Look, we want to take this story wider, and look at the billionaire class as a whole. There are only about 735 billionaires in the United States, but despite the fact that they could all fit on a single Airbus 380 jet, this group holds an immense amount of … Continue reading Don’t Trust the “Good Billionaires” »

A Tale of Two Billionaires

America is writing a new chapter in its history books that could be entitled: “A Tale of Two Billionaires.” On one side of the story is Yvon Chouinard, the founder of the popular outdoor apparel company Patagonia. Chouinard made headlines this week when he did what most billionaires would consider unthinkable: he gave his entire fortune away. Chouinard transferred ownership of Patagonia, valued at $3 billion, to … Continue reading A Tale of Two Billionaires »

IRA Support Bodes Well for Democrats in the Midterms

Today, President Biden gathered thousands of lawmakers, activists, and supporters for a celebration at the White House to recognize Democrats’ successful passage of the Inflation Reduction Act (IRA) last month. Our very own Chairman, Morris Pearl, was among the President’s honored guests applauding the IRA as a win for tax fairness and economic justice. Today’s event at the White House is a celebration of last month’s victory, … Continue reading IRA Support Bodes Well for Democrats in the Midterms »

America Should Reward Workers, Not the Rich

In the days following Labor Day, a time to celebrate all that American workers have done for the prosperity of our nation, the undue power that the rich hold over our country has become all the more glaring. The ultra-rich would have you believe otherwise, but it’s important to remember that our nation is great because of the contributions of everyday, hardworking Americans – not … Continue reading America Should Reward Workers, Not the Rich »

Let’s value work over wealth in the tax code

Yesterday, the United States celebrated Labor Day. First recognized as an official federal holiday in 1894, the day offers an opportunity for all of us to come together and celebrate the remarkable achievements American workers have made over the years. Labor Day also gives us a chance to reflect on how far we still need to go to protect and rightly reward workers in America. Unions … Continue reading Let’s value work over wealth in the tax code »

There Is No Planet B

After what seems like a summer-long heatwave, more and more Americans are looking to Congress and the White House for answers. While the Republican party has used misinformation and obstruction to hide the causes of climate change, Americans are suffering. Approximately 5 million people die every year due to the effects of climate change, with a projected 250,000 additional deaths per year from 2030 to … Continue reading There Is No Planet B »

$1.6 billion reasons to fix our campaign finance and tax systems

Last week, The New York Times dropped a bombshell on the political world. The paper reported that one man donated an incredible $1.6 billion to a conservative nonprofit last year, giving an immense amount of unaccountable power to one of the conservative movement’s chief architects. For this week’s Closer Look, we want to tell you more about this donation and the faults that it exposes in both our campaign … Continue reading $1.6 billion reasons to fix our campaign finance and tax systems »

Corporations Are Not Your Friend

We’re living in a time of enormous economic uncertainty, both good and bad. From a potential recession to a resurgence of labor rights activism to high inflation to a revamped IRS budget, it’s hard to know what to expect for our future and what to expect from the different actors within our economy. But if one thing is certain, it’s this: ultra-rich individuals and corporations … Continue reading Corporations Are Not Your Friend »

Hold Corporate Union-Busters Accountable

In the last few years, we’ve seen a resurgence of the labor movement, especially among workforces in the service and warehouse industry. Employees of corporations like Starbucks, Amazon, and Trader Joe’s are tired of being understaffed, overworked, and underpaid, and they’ve started embracing unions in record numbers. These workers are demanding a place at the table where they can better advocate for higher pay, improved … Continue reading Hold Corporate Union-Busters Accountable »

The IRA – Fact vs. Fiction

It’s been just over 48 hours since President Biden signed the Inflation Reduction Act (IRA) into law, and Republican pundits and lawmakers are already making it Target #1 in their efforts to take back Congress this November. Despite the fact that the IRA is a fantastic piece of legislation that makes our climate, healthcare system, and tax code better, conservatives want the American people to … Continue reading The IRA – Fact vs. Fiction »

A Letter to Bill Gates

Below is a letter sent to Bill Gates, founder of Microsoft and the Bill & Melinda Gates Foundation, on July 28, 2022 by Jeffrey R. Huggett, a member of the Patriotic Millionaires.   Dear Bill, Like so many others recently, I read your blog announcing substantial personal contributions to the Bill and Melinda Gates Foundation. Whereas I am thrilled about the important work you fund … Continue reading A Letter to Bill Gates »

87,000 IRS agents are not coming for you

Less than an hour ago, President Biden signed the Inflation Reduction Act (IRA) – the Democrats’ new healthcare, climate, and tax reform package – into law. This is a historic and monumental achievement that will likely be remembered as one of Biden’s biggest legislative victories. One of the most important elements of the IRA is the $80 billion in additional funding that the bill allocates to … Continue reading 87,000 IRS agents are not coming for you »

The Inflation Reduction Act is a very, very big deal

On Sunday, Senate Democrats voted to pass one of the most significant climate, healthcare, and tax reform packages this country has seen in decades: the Inflation Reduction Act of 2022 (IRA). This bill now awaits a vote in the House (where it is extremely likely to pass) before it moves to President Biden’s desk to be signed into law. The passage of the IRA is cause for … Continue reading The Inflation Reduction Act is a very, very big deal »

Sinema’s Defense of Carried Interest is Indefensible

After endless negotiations to get Senator Joe Manchin on board with a compromised reconciliation package, the Inflation Reduction Act is now in peril thanks to Arizona Senator (and notorious corporate shill) Kyrsten Sinema. As Democrats scramble to finalize details of the bill, reports indicate that Sinema is demanding Democrats strip provisions that would limit the scope of the carried interest loophole, which allows wealthy private … Continue reading Sinema’s Defense of Carried Interest is Indefensible »

Can Democrats finally rally behind the Inflation Reduction Act?

After over a year of dead ends, false starts, and frustrating negotiations, it looks like Democrats may finally be close to passing a reconciliation bill. Last week, Senate Majority Leader Chuck Schumer and Senator Joe Manchin reached an agreement on a new reconciliation package, the Inflation Reduction Act of 2022, a shocking development considering that Manchin publicly voiced his opposition to such a package just two weeks ago. … Continue reading Can Democrats finally rally behind the Inflation Reduction Act? »

Rep. Cuellar’s Labor Bill is Blatantly Anti-Worker

This week, the country’s most exploitative corporations are getting a big win from Representative Henry Cuellar, who once again proved his allegiance lies with corporate America after his introduction of one of the most appalling bills of the year: the Orwellian named H.R.8442 – Worker Flexibility and Choice Act. This bill, which would exempt huge swaths of the workforce from federal minimum wage and overtime … Continue reading Rep. Cuellar’s Labor Bill is Blatantly Anti-Worker »

13 years of $7.25 is shameful

In case you missed it, this past Sunday (July 24), the United States reached a sad anniversary. It has now been thirteen years since Congress last raised the federal minimum wage to $7.25. $7.25 was already inadequate back in 2009, but today it is downright deplorable. Here are some key facts to put Congress’s failure on this issue into perspective: A full-time minimum wage worker … Continue reading 13 years of $7.25 is shameful »

Market Manipulation Is Just a Fancy Name for Fraud

This week all eyes have been on the JP Morgan market manipulation trial, where three former employees are accused of manipulating valuable metals futures to make a boatload of money for themselves and the bank.  While ‘market manipulation’ sounds like some complicated white collar crime, it’s really just a business term for ripping someone off. These men would create the illusion of a larger demand … Continue reading Market Manipulation Is Just a Fancy Name for Fraud »