You are here

Economics

Economics Logo

Pat Bagley | Walmart Severance / politicalcartoons.com

https://image.politicalcartoons.com/205130/600/600_205130.png

Section(s): 

Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers. Guess Where the Other 94% Went.

https://www.commondreams.org/sites/default/files/users/user20/gettyimages-8962464561.jpg

Treasury Secretary Steve Mnuchin and White House National Economic Council Director Gary Cohn attend an event to celebrate Congress passing the Tax Cuts and Jobs Act with Republican members of the House and Senate on the South Lawn of the White House December 20, 2017 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images)

  • Almost everyone— nonpartisan commentators, economists, and even President Donald Trump's chief economic adviser —predicted that corporate shareholders and CEOs, not workers, would be the primary beneficiaries of the Republican tax law, and several recent analyses have shown that prediction to be ...
  • "You mean corporations aren't using the bulk of their tax cuts to create jobs and boost workers’ wages like Trump promised? Weird..."


Jake Johnson, Common Dreamshttp://evergreenedigest.org/sites/default/files/Support%20Independent%20Media_0.jpg   Journalism with real independence and integrity is a rare thing. All reader supported Evergreene Digest relies - exclusively!- on reader donations. Click on the donation button (right) to make a contribution and support our work.





 

Wednesday, February 28, 2018 | Almost everyone—nonpartisan commentators, economists, and even President Donald Trump's chief economic adviser—predicted that corporate shareholders and CEOs, not workers, would be the primary beneficiaries of the Republican tax law, and several recent analyses have shown that prediction to be right on the money.



"Post-tax cut raises, bonuses, and other worker investments announced by 90 of the largest publicly-traded corporations average just six percent of the total windfall these companies have received from the biggest tax cut in U.S. history," the group found.



 

While many corporations immediately launched aggressive PR campaigns crediting the tax plan Trump signed in December with new "investments" in employees, a study by the nonprofit group JUST Capital published on Wednesday found that the sensational headlines touting worker bonuses obscured the fact that the vast majority of the law's benefits have gone straight to the pockets of wealthy shareholders.


https://www.commondreams.org/sites/default/files/styles/medium/public/authors/johnson.jpg?itok=Xrr2HegA Jake Johnson, staff writer, Common Dreams <https://www.commondreams.org>

Full story … 

 

http://evergreenedigest.org/sites/default/files/Editor%20Comment%20icon.jpg

No Justice!  No Peace!  Please share this post.

Section(s): 

Trashing the Planet For Profit by William Bowles

 

https://farm6.staticflickr.com/5181/5626501347_3b338279c8_z.jpg

  • We refuse to accept responsibility for the state of the planet. Yes, ultimately, it’s the economic system, capitalism,  that’s doing the damage but surely it’s time we also accept responsibility for our role in maintaining an unsustainable economic system, a system that in the short term we all benefit from.
  • Related: Climate Denial Will Kill Us

William Bowles, Investigating Imperialism / Dandelion Salad

http://www.globalresearch.ca/wp-content/uploads/2012/07/131869.jpg Journalism with real independence and integrity is a rare thing. All reader supported Evergreene Digest relies - exclusively!- on reader donations. Click on the donation button above to make a contribution and support our work.







08 Jan 2018 | Before I began this essay I read through some of my past forays that mentioned climate change and capitalism, the first I think, being in 2006 where I opined in a piece on the ‘War on Terror’:

"Perhaps the impending climate catastrophe as well as the genocidal actions of the US will force us to finally start thinking and acting ‘outside of the box’ but without a clear idea of where we are heading or how to get there, currently the situation looks dire. — WOT is to be done?" 2 November, 2006

William Bowles, Writer, Dandelion Salad https://www.truthdig.com

 

Full story … 

Related:

Climate Denial Will Kill Us, Paul Street, Truthdig 

https://smhttp-ssl-62992.nexcesscdn.net/wp-content/uploads/2018/01/Climate-Change-cities-1024-850x529.jpg

  • It’s not too late to avert environmental catastrophe, but we must act fast or risk human extinction.
  • Related: 'All These Changes Do Affect Jobs and Affect People'
     

http://www.truth-out.org/images/email_this_story_640.gif

 

Help expand your impact by forwarding this story to any friends looking to get involved in 2018.

Let's Think Big: The Tax Reform We Need

https://portside.org/sites/default/files/styles/large/public/field/image/unclesam-704x463.jpg

  • Here's how we could raise more money from those who have the most and invest it social insurance, public investments, and safety nets that would make the vast majority of Americans richer.
  • Related: Series | The Facts on Tax Reform, Parts 1-3

http://evergreenedigest.org/sites/default/files/Editor%20Comment%20icon.jpg Democracy Editor's Note: In the wake of the Republicans’ passage of their tax plan in both houses of Congress, we decided to ask a number of progressive policy experts and thinkers a simple question: When the day comes that the Democrats have control of the White House and Congress, what kind of major tax reform should they pass and why?

We started this project in early December and will post a series of such pieces in the coming weeks. Click here to read the rest of the essays from our series on “The Tax Reform of Our Dreams.” Today, Thea Lee, the incoming president of the Economic Policy Institute (EPI), and Hunter Blair, EPI’s budget analyst, weigh in.

  http://fair.org/wp-content/uploads/2015/11/AdFree2.jpg





Thea Lee and Hunter Blair, Democracy / Portside 

December 15, 2017 | Progressive tax reform needs to raise enough revenue to honor our current commitments to Medicare, Medicaid, Social Security, and other social insurance programs, as well as to finance expanded public investments and income supports that ensure opportunityfor all. Rising inequality and the threat of “secular stagnation” make a solid foundation for the case that this revenue should be raised progressively, as taxing wealthy households with large savings does not drag heavily on growth of aggregate demand. Net tax cuts for high-income households and corporations won’t help our demand problem.

A number of specific progressive measures are available that can raise revenue, many of them included in recent years’ editions of the budget proposalsforwarded by the Congressional Progressive Caucus (CPC), with some technical assistance from the Economic Policy Institute. They can largely be grouped into four (often overlapping) buckets: broadening the tax base, enacting more and higher top marginal rates, taxing capital and wealth, and taxing economic “bads.”

Thea Lee is the incoming president of the Economic Policy InstituteHunter Blair is the Economic Policy Institute’s budget analyst.

Full story … 

Related:

 

http://evergreenedigest.org/sites/default/files/Editor%20Comment%20icon.jpgGoogle is blocking our site. Please use the social media sharing buttons (below) to share this on your social media and help us break through.


 

Pages