Truthout
Economy
Black Taxpayers Are at Least 3 Times More Likely to Face Audits
New research suggests that underfunding of the IRS may be partially to blame for racial disparities in tax enforcement.
The Debt Ceiling Benefits the Rich and Powerful, Says Economist Richard Wolff
In addition to reaping the benefits of tax cuts, corporations and the wealthy can become lenders to the U.S. government.
Miami’s Mayor Went All In on Cryptocurrency. His Constituents Suffered.
Miami Mayor Francis Suarez made outlandish claims about the boon of MiamiCoin, but it's lost 99 percent of its value.
Sanders Calls for Minimum Wage to Be Raised to at Least $17 an Hour
Because of inflation, fighting for a $15 an hour minimum wage is no longer enough, Sanders said.
Bitcoin ATM Companies Are Preying on the Poor
Bitcoin Depot has admitted to its investors that it relies on demographic data to strategically place its machines.
GOP Tax Plan Slammed by Critics as Glimpse Into Party’s Economic Priorities
An estimate finds the poorest 20 percent of the U.S. would pay about 70 percent of their income in taxes under the plan.
Biden’s Proposed Renters Bill of Rights Is Insufficient, Housing Advocates Say
Activists say it is full of weak commitments, while landlords retain the power to set prices and hoard housing stock.
Davos 2023 Showed Us a Ruling Class Incapable of Resolving Global Crises
Uncertainty and fractures among the lords of transnational capital were on display at the World Economic Forum in Davos.
Iowa GOP Pushes “Profoundly Cruel and Petty” Food Benefit Restrictions
The bill would bar Iowans from buying fresh meat, white grains, nuts, canned fruits, and other foods with SNAP benefits.
GOP Plan to Cut Social Security and Medicare Is Disliked Among Republican Voters
If the GOP tries to force cuts to Social Security via the debt ceiling, it would be against their own base’s wishes.