Truthout
Economy
Debt Abolition Activists Gear Up for Countersummit as World Bank and IMF Meet
Activists from the global movement for debt abolition are converging October 12-15 in Marrakesh, Morocco.
Under Trump, IRS Audited Low-Income Families at Higher Rate Than Millionaires
More than a million wealthy Americans have evaded close to $66 billion in federal taxes in recent years.
“Nickels and Dimes”: Biden Touts $9B in Student Debt Relief as Payments Restart
Student loan payments resumed for the first time since 2020 on Sunday.
Wealthy Americans Failed to Pay $65.7 Billion in Taxes From 2017 to 2020
The amount owed by over 1.4 million high earners is almost enough to fund a universal child care program for one year.
Child Poverty More Than Doubled in 2022 After Congress Let Tax Credit Expire
Over 5 million more children were plunged into poverty in 2022 after stimulus provisions expired.
Wall Street Donors Are Reportedly Pushing Biden to Fire FTC Chair
The Federal Trade Commission has taken legal action against several major merger proposals under Lina Khan's leadership.
Big Real Estate Says Regulations Caused Housing Crisis, But They Wrote the Rules
The problem with our housing system is that by design some people stand to make a lot of money from the lack of supply.
Unemployment Ticked Up to 3.8 Percent in August — But Not Because of Layoffs
August jobs numbers show the threat of spiraling inflation appears to be shrinking.
19 States Cut Income Taxes to Benefit Wealthy — With Help of Dark Money Groups
According to the states’ own estimates, the revenue hit could be more than $10 billion in fiscal years 2023 and 2024.
Louisiana Hair Braiders Say Regulatory Overreach Is Destroying Their Business
If regulators can come after lower-income professionals at safe, responsible businesses, they can criminalize anyone.