This week, the International Consortium of Investigative Journalists released The Pandora Papers, a scathing exposé that details how the world’s wealthiest take advantage of international tax loopholes and tax havens to hide their wealth across the globe. While the report largely focuses on the finances of international leaders and elites, the fact that the wealthy are using loopholes to dodge their taxes is nothing new … Continue reading Tax Havens and Tax Reform
Last week conservative Democrats attempted to sabotage the President’s agenda and they were solidly defeated. Their demand that the House vote on the bipartisan infrastructure package before details of reconciliation were finished, in direct opposition to a deal agreed upon by Democrats in the House, Senate, and White House, would have sabotaged any attempts to pass the desperately needed funding and tax hikes on the … Continue reading Conservative Dems Can’t Handle the Truth
With a contentious debate in Congress regarding the reconciliation bill and its passage, it would seem that the bill and its contents (pulled straight from President Biden’s Build Back Better Agenda) are controversial among the American people as well. Instead, polls have demonstrated that the vast majority of voters support the bill and its provisions. The only group that consistently opposes the bill and actively … Continue reading Congress Should Represent All Americans- Not Just the Rich
Last night, Speaker of the House Nancy Pelosi announced to her caucus that she plans to bring the bipartisan infrastructure bill up for a vote this Thursday, separate from the budget reconciliation package. This stands in direct contrast to the agreement reached within the Democratic caucus that both bills would proceed simultaneously, and must be rejected by all Democrats who care about advancing the party’s full … Continue reading No Infrastructure without Reconciliation
Tensions are rising in Congress as we near September 27th, the date centrist Democrats are demanding a vote on their bipartisan infrastructure bill. They want to pass infrastructure first at the expense of the much larger, more impactful reconciliation bill, but progressives are promising to vote down infrastructure until the two pass at the same time. With all the fuss, you would think that the … Continue reading The American People Want to Tax the Rich
The fight between various factions within the Democratic party over the outcome of the infrastructure and budget reconciliation negotiations is coming to a head. For months the Caucus has been working on a strategy that would put both the infrastructure bill and a budget reconciliation package up for a vote at the same time, satisfying both centrists and progressives. Unfortunately, corporate interests have been out … Continue reading Progressives Must Hold Strong
It’s time to get down to business. After months of leadup and preliminary negotiations, committees in the House are just days away from releasing the first official details of the Democrats’ multi-trillion-dollar reconciliation bill. There’s a lot at stake here, with trillions of dollars of support for American families and tax hikes on the rich hanging in the balance as a few centrist Democrats seek … Continue reading Reconciliation Negotiations Are Heating Up
Recently, a group of nine moderate and conservative Democrats voiced their opposition to the tactics Democrats are using to pass two bills simultaneously: a limited bi-partisan infrastructure package, and a more ambitious reconciliation package designed to pass with only Democratic votes. In a letter to Speaker Nancy Pelosi, they stated they planned to withhold their vote on the budget package if the infrastructure bill was … Continue reading America Needs Democratic Unity
We’re finally reaching the point where real economic change is on the horizon through the upcoming infrastructure and reconciliation bills. During this time it can be hard to clearly see progress with all the confusion and noise of Washington. Debates about government spending have often been dominated by concerns from conservatives and moderate politicians. Even still, we have to remember that making investments that will … Continue reading Spending versus Investments, the Great Debate
Yesterday, after weeks of deliberation, a bipartisan committee of Senators finally proposed the beginnings of an infrastructure bill. This bill failed to do one thing that Americans have been asking of their representatives; tax the rich. Simply shifting money around and pointing the blame at unemployed Americans in a global crisis is just another way of burdening regular people with paying more than their fair … Continue reading Democrats Must Tax the Rich to Pay for Roads
The bipartisan infrastructure deal that Senate Democrats, Republicans, and President Joe Biden agreed on last week looks like it may already be in danger. With Democratic leadership promising to link the bipartisan bill to a larger reconciliation bill that includes more progressive priorities and tax hikes on the rich, and Republicans threatening to back out if Democrats pair the two bills together, there’s a lot … Continue reading What You Need to Know About the Bipartisan Infrastructure Deal
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
I make a lot more money each year than I need to live on, but this city, state, and especially this country need a lot more money to build our infrastructure and help our fellow citizens.
To all my fellow American entrepreneurs, businesses owners, and investors who have been blessed to be in the upper end of the income and wealth spectrum: America needs a lot of things before we need another tax cut.
During the 2016 presidential election Donald Trump repeatedly emphasized the impact of U.S. trade policy on unemployment. The effectiveness of this message to the workers of America was quite revealing.
Infrastructure is better thought of as the entire apparatus of publicly orchestrated institutions and development that provide benefit to society as a whole, raising living standards across the entire spectrum of our communities, and creating the platform upon which private enterprise can grow and thrive.
Some part of our national income is spent on collective purposes — the common good. Should decisions on how to spend that money be made by (a) individuals who earn the money deciding how to spend it or (b) representatives elected by the voters deciding?
“It’s time for us to return to where we once had been before taxes were demonized and government was demonized,” said Arnold Hiatt, former chief executive and chairman of the shoe company Stride Rite.
Infrastructure is not just road and bridges. Infrastructure is all of the things that government does that individual capitalists could not possibly do for themselves.