Truthout
Economy
House Democrats’ Proposed Corporate Tax Hike Falls Short of Even Biden’s Plan
Progressive groups were quick to voice their disapproval of the contours of the unfinalized House Democrats' plan.
US Spent $21 Trillion on War and Militarization Since 9/11
For just a fraction of what we’ve spent, we could build a renewable energy grid or vaccinate low-income countries.
Treasury Finds Wealthiest 1 Percent Dodge Over $160 Billion in Taxes Yearly
The Treasury Department found taxes owed by the ultra rich equal all income taxes paid by the bottom 90 percent yearly.
Worker Advocates Condemn Democrats’ Refusal to Address Jobless Aid Crisis
More than 9 million people across the U.S. were taken off unemployment insurance earlier this week.
7 Wealthiest Americans Have Enough Wealth to Cover a Third of $3.5T Budget Plan
Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg, Larry Page, Sergey Brin and Larry Ellison pay almost no income tax.
Art Museums Touted as Community Investments Are Actually Fueling Gentrification
When politicians, private real estate and art museums collaborate to “improve” neighborhoods, long-term residents lose.
More People Are Turning Down Low-Paying Jobs With Bad Working Conditions
In the context of the last two months' extraordinary growth, August's weaker jobs gains should not be a surprise.
35 Million People Are Set to Lose Unemployment Benefits on Labor Day
Neither Congress nor the Biden administration seem prepared to do anything about it.
Former “Centrist” Democratic Senator Is Defending Capital Gains Tax Loophole
Former Sen. Heidi Heitkamp, who once called the loophole a “scam,” is now leading a dark money group to defend it.
750,000 Households May Face Eviction If Congress Doesn’t Act, Says Goldman Sachs
Meanwhile, states have disbursed just 11 percent of the $46.5 billion in rental assistance from the federal government.