We’ve known for a while that next to none of the spoils from the 2017 Trump tax bill’s infamous corporate tax cut trickled down to workers. But now, thanks to recent reporting from some of our allies, we’re more certain than ever that the cut’s benefits instead gushed up to wealthy shareholders like many of us. One of the major provisions of the 2017 Tax … Continue reading Corporate Tax Cuts Help No One But The Wealthy
We always knew that corporations and their C-suite executives were hoarding profits and driving inequality through the roof, and now our friends at Oxfam, the Institute for Policy Studies, and Americans for Tax Fairness have fresh data to prove it. This week, Oxfam published its analysis of the largest 200 public companies’ contributions to inequality in the US, aptly called the Corporate Inequality Footprint. In short, … Continue reading Corporations are Supercharging Inequality
Rising inflation continues to dominate headlines at home and around the world. There is simply no getting around the fact that prices for rent, groceries, gas, and other everyday essentials continue to rise and break records. As our wallets feel the squeeze at the grocery store and the gas pump, it’s easy to be misled by pundits providing convenient scapegoats like a “red-hot labor market” and … Continue reading Corporations are bragging about inflation price-gouging
Rising inflation continues to dominate headlines in the US and around the world. There is simply no getting around the fact that prices for rent, groceries, gas, and other everyday items are rising quickly. This has put most American households at a financial loss, especially since their wages have not risen fast enough to keep up. President Biden will undoubtedly discuss the inflation situation in his … Continue reading The White House needs to get serious about corporate greed
Last week, the Bureau of Labor Statistics announced that inflation over the last year reached a 40-year high. The Consumer Price Index, a key measure for inflation, rose 7.5% between this year and last, which is the highest rate increase since 1982. This news probably doesn’t come as a surprise to most Americans: there is no escaping the fact that prices for rent, groceries, gas, … Continue reading We can’t talk about inflation without corporate greed